Genting Berhad announced better-than-expected latest quarterly earnings, driven by the ongoing global tourism recovery. Its leisure and hospitality segments performed strongly, leading to a 2.1% rise in its share price. This positive outlook signals robust consumer spending.
Genting Berhad's share price surged 2.1% today to RM4.85 after the company announced its fourth-quarter results for the period ended December 31, 2025, with core net profit exceeding market expectations. The robust performance was primarily attributed to the continued recovery of its leisure and hospitality segments across its operations in Malaysia, Singapore, and the United States. With further easing of international travel restrictions and improved consumer confidence, Genting's resorts and casinos saw a significant increase in visitor numbers. Company management expressed optimism for the growth outlook in 2026, expecting to continue benefiting from the global rebound in tourism. Analysts have generally upgraded their earnings forecasts and target prices for Genting, deeming its valuation still attractive.
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