{"id":25955,"date":"2022-01-03T10:43:28","date_gmt":"2022-01-03T13:43:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25955"},"modified":"2026-04-23T12:36:15","modified_gmt":"2026-04-23T15:36:15","slug":"genting-malaysia-to-return-to-profitability-in-2022-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-malaysia-to-return-to-profitability-in-2022-analysts-say","title":{"rendered":"Genting Malaysia to return to profitability in 2022, analysts say"},"content":{"rendered":"\n

Analysts at RHB Investment Bank have predicted the casino operator will return to profitability in 2022.<\/p>\n\n\n\n\n\n\n\n

Malaysia.-\u00a0Genting Malaysia\u00a0<\/strong>could return to profitability in 2022 according to analysts at RHB Investment Bank, despite the ongoing Covid-19 pandemic and the new Omicron variant.<\/p>\n\n\n\n

In the report, analysts stated: “Many countries are now better equipped and nimble in handling the pandemic. <\/p>\n\n\n\n

“Coupled with the massive cost rationalisation efforts undertaken previously by the casino operators,\u00a0these should partially cushion the impact<\/strong>. Both the casino operators will resume recovering after the Covid-19 situation stabilises.”<\/p>\n\n\n\n

Asia Gaming Brief also revealed the investment bank maintained its “overweight” rating on the Malaysian gaming industry, with Genting being its top choice.<\/p>\n\n\n\n

Analysts stated that this is “due to its attractive 6.2x EV\/EBITDA vs the regional peer average of c.13x, which provides investors a cheaper alternative to position for the tourism recovery play angle.”<\/p>\n\n\n\n

Analysts at RHB Investment Bank also said that Genting Las Vegas Resort\u2019s contribution is stronger than expected and may bring further growth. The resort is in the early stages of expanding its business.<\/p>\n\n\n\n

Last November,\u00a0the casino operator<\/a>\u00a0reported that revenue for the third quarter was down 42 per cent year-on-year to MYR826.3m ($194.8m).<\/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.\u00a0<\/p>\n\n\n\n

The park, which is expected 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at RHB Investment Bank have predicted the casino operator will return to profitability in 2022.<\/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":"Analysts at RHB Investment Bank predict Genting Malaysia will return to profitability in 2022, citing effective pandemic management, prior cost rationalisation, and strong contributions from Genting Las Vegas Resort. The investment bank maintains an \"overweight\" rating on the Malaysian gaming industry, with Genting as a top pick due to its attractive valuation. Nomura also anticipates improved earnings driven by the opening of Genting SkyWorlds and gradual international border reopenings.","focusai_entities":"RHB Investment Bank, Genting Malaysia, Nomura, Asia Gaming Brief, Genting Las Vegas Resort, Genting SkyWorlds","focusai_location":"Malaysia, Las Vegas","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SkyWorlds GGR Impact","query":"What specific GGR and NGR uplift is projected from the full opening of Genting SkyWorlds, and how does this integrate into Genting Malaysia's broader capital expenditure and revenue diversification strategy?"},{"label":"Valuation Sustainability","query":"Given Genting Malaysia's attractive EV\/EBITDA multiple, what are the long-term sustainability factors for this valuation advantage, particularly as regional tourism markets fully recover and competitive pressures intensify?"}],"footnotes":""},"categories":[157,16333],"tags":[19394],"class_list":["post-25955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-malaysia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25955","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=25955"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25955\/revisions"}],"predecessor-version":[{"id":25966,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25955\/revisions\/25966"}],"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=25955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}