Genting Malaysia Bhd reported strong Q4 2024 results and maintains an optimistic outlook for 2025, primarily driven by the sustained recovery in the tourism sector. Increased visitor arrivals and improved operational efficiencies are expected to boost future profitability.
Genting Malaysia Bhd announced stronger-than-expected fourth-quarter 2024 results on Thursday and expressed an optimistic outlook for its 2025 earnings. The company reported significant revenue growth across its core businesses, attributed to the continued influx of international tourists and robust domestic travel. Analysts anticipate further improvements in Genting Malaysia's resort occupancy rates and gaming revenue, driven by the full return of Chinese tourists and increased regional travel activities. Despite facing challenges from rising operational costs, the company is expected to achieve solid financial performance in the coming year by optimizing its cost structure and enhancing customer experience. Genting Malaysia's share price rose 1.5% to RM3.05 after the results announcement.
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