Maybank cuts Genting Malaysia earnings forecast by 28%
Analysts expect the company to report a core net loss for Q2.
Singapore.- Analysts at Maybank Investment Bank have lowered their full-year 2026 earnings forecast for Genting Malaysia by 28 per cent. They expect the company’s upcoming second-quarter results to show a core net loss for the second quarter of the year.
According to the research note, Maybank expects Genting Malaysia to post a full-year core net profit of MYR480m (US$119m), down from MYR662.7m (US$164m) in 2026 amid weaker-than-expected performance at Resorts World Genting and higher operating costs.
They also revised earnings estimates through FY2028 downward by between 9 per cent and 28 per cent, while maintaining a “hold” rating on the stock. Maybank noted that Resorts World Genting continues to face softer gaming volumes and expenses related to ongoing property enhancements.
Although Resorts World New York City has benefited from lower gaming machine taxes and additional tables introduced earlier this year, those gains are not expected to fully offset weakness in the Malaysian market during the second quarter.
“The second quarter is a seasonally weak quarter, post-Chinese New Year. Yet we understand from channel checks that second-quarter 2026 will be an unusually weak one,” analysts wrote.
