Genting ventures earnings accretive starting 2026

Genting president Datuk Seri Tan Kong Han said the potential returns on investments on these new projects are forecast to be in the double-digits

PETALING JAYA: Genting Bhd’s power plant project in China and floating liquified natural gas (FLNG) venture in Indonesia will be earnings accretive from 2026 onwards and the business expansion for its energy division will yield good returns over mid to long-term horizon.

Based on Genting’s 49% stake, revenue accretion could be around RM800mil per year from 2026 onwards or 2.4% of UOB Kay Hian Research’s forecasts.