Genting Malaysia Bhd (GenM) has released an optimistic outlook for its financial year 2025, projecting significant growth in revenue and earnings. This positive forecast is primarily driven by the ongoing recovery of international tourism and the strong performance of its resort operations. The company's strategic initiatives are also expected to contribute to this upward trend.
Genting Malaysia Bhd (GenM) today released an optimistic outlook for its financial year 2025, anticipating significant growth in revenue and earnings, driven by the continued robust recovery of international tourism. Management indicated that with further easing of global travel restrictions and the resumption of more international flights, its resort operations in Malaysia, the UK, and the US are expected to welcome more visitors. Resorts World Genting in Malaysia has seen visitor numbers nearing pre-pandemic levels and is poised to exceed them in 2025. Furthermore, GenM's ongoing investments in Resorts World New York City and Resorts World Bimini are also expected to contribute to growth. Analysts are generally positive on GenM's recovery prospects, with its share price potentially reaching RM3.50 within the next 12 months.
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