{"id":24917,"date":"2021-11-26T09:11:32","date_gmt":"2021-11-26T12:11:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24917"},"modified":"2026-04-23T13:28:31","modified_gmt":"2026-04-23T16:28:31","slug":"genting-malaysias-earnings-to-improve-in-q4-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysias-earnings-to-improve-in-q4-analysts-say","title":{"rendered":"Genting Malaysia\u2019s earnings to improve in Q4, analysts say"},"content":{"rendered":"\n

Analysts at Nomura have predicted the casino operator will start to see a recovery in the last quarter of the year.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0Genting Malaysia<\/strong>\u00a0has reported that revenue for the third quarter of the year was down 42 per cent year-on-year to MYR826.3m ($194.8m). Its net loss contracted to MYR289m from MYR705m registered in the same quarter in 2020. It turned an EBITDA loss of MYR165m compared to profit of MYR425m in Q3 2020 amid several Covid-19 lockdowns<\/a>\u00a0and countermeasures.<\/p>\n\n\n\n

However, analysts at Nomura say earnings for the next quarter will improve, due to the opening of\u00a0Genting SkyWorlds<\/a>, new attractions, and gradual international border reopening for Malaysia. Genting Malaysia\u2019s new outdoor theme park has partially opened to employees and some guests.\u00a0<\/p>\n\n\n\n

The park, which is\u00a0expected to lead to higher visitor arrivals to the IR<\/a>, could be allowed to open its doors fully at the beginning of next month in time to capture pent-up demand in the run-up to the year-end holidays. Authorities in Malaysia<\/a>\u00a0also announced the country will reopen its borders to foreign visitors no later than January 1, 2022.<\/p>\n\n\n\n

Malaysian casino industry to see economic rebound in Q4<\/h2>\n\n\n\n

Casino operators<\/a> can expect to see better results in Q4, according to analysts. Vincent Khoo, UOB Kay Hian Malaysia head of research,<\/strong> has told The Malaysian Reserve that as the pandemic eases, tourism will be the main beneficiary of the upcoming economic reopening. <\/p>\n\n\n\n

He said: \u201cThe gaming companies and casino segment is in a sweet spot to capitalise on this post-pandemic leisure boom.\u201d<\/p>\n\n\n\n

As for the possible resurgence of Covid-19 cases, he said: \u201cWe think that it is unlikely with Malaysia\u2019s stellar vaccination milestone <\/strong>and gradually achieving herd immunity. Authorities have made it clear they intend to restore a semblance of normalcy even without eradicating the virus.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Nomura have predicted the casino operator will start to see a recovery in the last quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":18062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Genting Malaysia reported a 42% year-on-year revenue decline and an EBITDA loss for Q3, primarily due to COVID-19 lockdowns. However, analysts from Nomura and UOB Kay Hian predict a significant Q4 recovery, driven by the partial opening of Genting SkyWorlds and the anticipated full reopening of Malaysia's international borders by January 2022, positioning the casino segment to capitalize on pent-up leisure demand.","focusai_entities":"Genting Malaysia, Nomura, UOB Kay Hian Malaysia, Vincent Khoo","focusai_location":"Malaysia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 GGR Projections?","query":"What are the specific GGR and NGR projections for Genting Malaysia in Q4 2021 and FY2022, considering the phased opening of Genting SkyWorlds and the international border reopening timeline?"},{"label":"Capital Allocation Strategy?","query":"How will Genting Malaysia's capital allocation strategy evolve to support the ramp-up of Genting SkyWorlds and other IR amenities, and what is the expected ROI on these investments post-reopening?"}],"footnotes":""},"categories":[157,158,16333],"tags":[19394],"class_list":["post-24917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24917"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24917\/revisions"}],"predecessor-version":[{"id":24950,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24917\/revisions\/24950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18062"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}