Genting Bhd announced better-than-expected Q4 FY2025 results, with net profit surging 35% year-on-year. The strong performance was mainly driven by the continued recovery of global tourism and robust performance across its resort operations.
Genting Bhd (stock code: 3182) today announced encouraging results for its fourth quarter of fiscal year 2025, with net profit reaching RM450 million, a 35% increase year-on-year. This performance significantly exceeded market expectations, driving its share price up 2.8% to RM4.70 during intraday trading. The company stated that the substantial improvement in results was primarily due to the strong recovery of its leisure and hospitality businesses in Malaysia, Singapore, and the United States. With further easing of international travel restrictions and increased consumer confidence, both occupancy rates and tourist spending at its resorts have seen significant growth. Analysts are generally optimistic about Genting's future prospects, expecting continued growth in the tourism sector to benefit the company. MIDF Research maintained a 'Buy' rating on Genting Bhd, with a target price of RM5.50.
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