Last $3.03 HKD
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As of 4:01 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

genting hong kong ltd (678) Snapshot

Open
$3.09
Previous Close
$3.03
Day High
$3.09
Day Low
$3.03
52 Week High
07/28/14 - $4.22
52 Week Low
02/6/14 - $2.79
Market Cap
24.3B
Average Volume 10 Days
78.9K
EPS TTM
$0.07
Shares Outstanding
8.0B
EX-Date
06/19/14
P/E TM
5.6x
Dividend
$0.01
Dividend Yield
2.56%
Current Stock Chart for GENTING HONG KONG LTD (678)

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genting hong kong ltd (678) Details

Genting Hong Kong Limited, an investment holding company, is engaged in cruise and cruise related operations; and leisure, entertainment, and hospitality activities in the Asia Pacific region. It is primarily involved in the operation of passenger cruise ships. The company operates a fleet of 20 ships with approximately 42,000 lower berths cruising to approximately 130 destinations worldwide under the Star Cruises and Norwegian Cruise Line brands. It is also engaged in bareboat chartering, and hotel management and accommodation activities; the operation and management of internal facilities of budget hotels and hotel rooms, as well as guest rooms; development of software for tourist information systems; provision of education information consulting services; development of hospitality facilities; securities dealing and securities margin financing activities; and provision of credit services, as well as cruise sales, marketing, and support services. In addition, Genting Hong Kong Limited acts as a travel agent; and provides consultancy services. The company was formerly known as Star Cruises Limited and changed its name to Genting Hong Kong Limited in 2010. The company was founded in 1993 and is headquartered in Tsim Sha Tsui, Hong Kong.

Founded in 1993

genting hong kong ltd (678) Top Compensated Officers

Chairman, Chief Executive Officer, Acting-Pre...
Total Annual Compensation: $2.9M
Executive Director
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

genting hong kong ltd (678) Key Developments

Genting Hong Kong Limited Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Genting Hong Kong Limited reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $765,927,000 against $644,433,000 a year ago. Operating income was $148,588,000 against $95,389,000 a year ago. Net income before income taxes was $116,403,000 against loss of $7,868,000 a year ago. Net income attributable to the company was $111,616,000 or $0.54 per basic and diluted share against loss of $8,841,000 or $0.04 per basic and diluted share a year ago. Adjusted net income was $121,135,000 or $0.58 per share against $60,216,000 or $0.29 per share a year ago. EBITDA was $210,059,000 against $149,746,000 a year ago. Adjusted EBITDA was $219,392,000 against $152,335,000 a year ago. For the six months, the company reported total revenue of $1,429,955,000 against $1,172,064,000 a year ago. Operating income was $221,677,000 against $126,377,000 a year ago. Net income before income taxes was $158,708,000 against loss of $103,171,000 a year ago. Net income attributable to the company was $162,883,000 or $0.78 per diluted share against loss of $105,236,000 or $0.52 per basic and diluted share a year ago. Adjusted net income was $170,693,000 or $0.81 per share against $73,124,000 or $0.35 per share a year ago. EBITDA was $344,751,000 against $231,952,000 a year ago. Adjusted EBITDA was $358,672,000 against $252,095,000 a year ago. For the quarter, the company reported passengers carried of 482,837 against 405,646 a year ago. Passenger cruise days was 3,394,649 against 2,763,358 a year ago. Capacity days was 3,074,415 compared 2,569,525 a year ago. Occupancy percentage was 110.4% against 107.5% a year ago. For the six months, the company reported passengers carried of 990,109 against 773,656 a year ago. Passenger cruise days was 6,470,051 against 5,291,550 a year ago. Capacity days was 5,970,399 compared 4,920,824 a year ago. Occupancy percentage was 108.4% against 107.5% a year ago. Net revenue in the period increased 23.6% to $595.7 million driven by a 19.6% increase in Capacity Days and a 3.3% improvement in Net Yield. The increase in Capacity Days was primarily from the addition of Norwegian Getaway and Norwegian Breakaway to the fleet in January 2014 and April 2013, respectively, and was partially offset by the planned dry-dock of Norwegian Jewel. The company provided earnings guidance for the third quarter and full year of 2014. For the quarter, the company expects net yield of 2.25% - 2.75%, adjusted net cruise cost excluding fuel per capacity day of 2.0% - 3.0%, adjusted EPS of $1.05 to $1.10, depreciation and amortization of $62 million to $67 million and interest expense, net $32 million to $36 million. For the year, the company expects net yield of 3.0% - 3.5%, adjusted net cruise cost excluding fuel per capacity day of flat to slightly up, adjusted EPS of $2.20 to $2.35, depreciation and amortization of $250 million to $255 million and interest expense, net $130 million to $135 million.

Genting Hong Kong Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

Genting Hong Kong Limited provides earnings guidance for the six months ended June 30, 2014. For the period, the group is expected to record a consolidated net profit attributable to the owners of the company of an amount of more than $180 million as compared with a consolidated net profit of approximately $23 million for the corresponding period in 2013. Such expected increase in net profit is mainly attributable to a number of factors including, in particular gain arising from the disposal of certain stakes in Norwegian Cruise Line Holdings Ltd. in March 2014 in the sum of approximately $153 million, and fair value gain in the sum of approximately $15 million arising from a revaluation of certain financial assets.

Genting Hong Kong Limited Announces Executive Changes

The board of directors of Genting Hong Kong Limited announced that Mr. David Chua Ming Huat, the president of the company, has on July 2, 2014 tendered his resignation as the president of the company with effect from January 2, 2015. During the transitional period, Tan Sri Lim Kok Thay who is the chairman, an executive director and the chief executive officer of the company, will assume the role of the acting-president of the company commencing on July 2, 2014 until a suitable replacement can be appointed. Tan Sri Lim Kok Thay was appointed an executive director of the company in September 1994. He is the chairman, acting-president and chief executive officer of the company, a member of the remuneration committee and the nomination committee and a director of a number of subsidiaries of the company.

 

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678 Competitors

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Company Last Change
Genting Bhd 9.71 MYR -0.11
Genting Malaysia Bhd 4.43 MYR -0.02
Genting Singapore PLC $1.25 SGD -0.005
Norwegian Cruise Line Holdings Ltd $33.79 USD +0.295
Royal Caribbean Cruises Ltd $63.53 USD -0.13
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