Analysts project Genting Malaysia's (GenM) core net profit for Q4 will exceed RM150 million. The robust recovery in international tourism, particularly at Resorts World Genting, is cited as the main driver.
Analysts are optimistic about Genting Malaysia Berhad's (GenM) upcoming fourth-quarter (Q4FY25) results, driven by the sustained robust recovery in Malaysian tourism. The core net profit is projected to reach RM155 million, representing significant growth year-on-year. Key drivers include increased visitor arrivals at Resorts World Genting, particularly international tourists, and stable contributions from its US and UK operations. Furthermore, GenM’s cost management initiatives are expected to boost margins. Despite challenges from rising operating costs, the synergistic growth in both gaming and non-gaming revenue positions GenM as a primary beneficiary of the tourism recovery theme. GenM shares edged up 0.8% today, closing at RM2.95.
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