Genting Bhd announced a 30% increase in net profit for the fourth quarter, driven by a robust recovery in the tourism sector. The company's stock rose 2.2% today, reflecting investor confidence in its future prospects as travel restrictions ease and visitor numbers surge across its global operations.
Genting Bhd today released encouraging fourth-quarter earnings, reporting a 30% year-on-year increase in net profit to RM450 million, significantly exceeding market expectations. This strong performance was primarily driven by the ongoing global tourism recovery, with its resort operations in Malaysia and Singapore performing exceptionally well. The company's revenue also grew 15% to RM6.2 billion. Genting's management stated that with further easing of international travel restrictions and strengthening consumer confidence, they anticipate continued growth momentum in 2026. Influenced by this positive news, Genting's share price rose 2.2% to RM4.65 today, reflecting investor optimism about its future earnings prospects. Analysts have generally upgraded Genting's earnings forecasts and target prices, believing its diversified business portfolio positions it favorably in the tourism recovery.
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