Genting stock completes a 5 percent LNG stake sale

Published on 10/07/2026 at 05:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Genting stock retains 95 percent of an LNG project after a September 4 stake sale. Q2 revenue reached MYR 7.75 billion, while net income was negative MYR 27.1 million.

Genting, MYL3182OO002, Illustration mit AI erstellt.

Genting stock was last at MYR 1.86 on Bursa Malaysia on October 5, 2026, leaving the company with a market capitalization of MYR 7.2 billion. The latest company event is an Indonesian LNG transaction that changes the ownership structure of a strategic energy project.

Genting keeps 95 percent LNG interest

According to The Edge Malaysia on October 7, 2026, Genting completed the sale of a 5 percent stake in PT Layar Nusantara Gas to an Indonesian subsidiary of Rukun Raharja. The transaction was completed on September 4, 2026, after the parties fulfilled conditions tied to their April share sale agreement.

Genting remains the indirect shareholder of PT Layar Nusantara Gas with a 95 percent interest. The project is developing Indonesia's first floating liquefied natural gas vessel and is linked to gas production from the Kasuri block in West Papua, giving the deal a strategic role beyond a simple asset disposal.

Q2 revenue rises as profit turns negative

Genting's Q2 2026 revenue reached MYR 7.75 billion, compared with MYR 6.66 billion in Q1 2026. Net income was negative MYR 27.1 million in Q2 after positive net income of MYR 101.1 million in Q1, according to Investing.com.

The contrast matters for the investment case: higher revenue did not translate into positive quarterly earnings. Genting's diversified model spans leisure and hospitality, plantations, property, power, oil and gas, and investments, so project spending and financing costs can affect group profit even when sales expand.

Leverage remains the key counterweight

According to The Star on October 2, 2026, Fitch expects Genting's EBITDA net leverage to remain above four times over the next three years. Fitch forecasts 4.7 times in 2026 and 4.3 times in 2027, while describing the outlook as stable after September rating downgrades.

The analyst consensus offers a different lens. Investing.com lists a Buy consensus from 10 analysts, with five Buy ratings and five Holds, an average 12-month target of MYR 2.93, a high of MYR 6.00 and a low of MYR 2.02. The average target lies 57.53 percent above the MYR 1.86 share price.

Genting stock stays near yearly low

Genting stock was last at MYR 1.86 on Bursa Malaysia on October 5, 2026, against a 52-week range of MYR 1.85 to MYR 3.59. The combination of LNG ownership, Q2 earnings pressure and elevated leverage makes cash generation the central figure for the next phase.