Genting Malaysia Bhd announced stronger-than-expected fourth-quarter earnings, with a significant increase in net profit. Boosted by the news, the company's shares surged 4.5% on Tuesday, closing at RM3.50 per share.
Genting Malaysia Bhd's shares performed exceptionally well in Tuesday's trading, surging 4.5% to close at RM3.50 per share, following the announcement of its fourth-quarter results for the financial year 2025, which exceeded market expectations. The company reported a significant year-on-year increase in net profit, attributed to the ongoing recovery of the tourism sector and higher visitor numbers at its resorts. Analysts generally expressed optimism about Genting Malaysia's performance, upgrading their earnings forecasts and target prices. The strong performance of Resorts World Genting, coupled with robust contributions from its overseas operations in New York and the UK, were key drivers of the earnings growth. The market anticipates that Genting Malaysia will continue its strong momentum in 2026, driven by further opening of international travel and strengthening consumer confidence. This positive earnings report also provided a boost to the entire tourism and leisure sector.
Share: