Malaysia’s gaming sector is expected to be boosted by increased tourism.<\/p>\n\n\n\n\n\n\n\n
Malaysia.- Hong Leong Investment Bank (HLIB)<\/strong> has anticipated strong performance for the Malaysian gaming sector during the second half of 2023. Citing a rise in tourist numbers and an anticipated decline in regulatory concerns, HLIB believes that a return to pre-pandemic levels is within reach but may require additional time.<\/p>\n\n\n\n The bank said Genting shares, currently trading at a discounted RM6.70 (US$1.43) were undervalued. It projected a strong performance for Genting’s Resorts World Las Vegas<\/strong>, buoyed by the upcoming summer holidays and the F1 Las Vegas Grand Prix.<\/p>\n\n\n\n While investor concerns regarding regulatory risks persist due to upcoming state elections, HLIB predicted a recovery once these uncertainties are resolved. Analysts said that if the group’s operations remain stable post-state election, stock prices are likely to rebound.<\/p>\n","protected":false},"excerpt":{"rendered":" Malaysia’s gaming sector is expected to be boosted by increased tourism.<\/p>\n","protected":false},"author":176,"featured_media":32940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hong Leong Investment Bank (HLIB) anticipates a robust second half of 2023 for Malaysia's gaming sector, driven by increased tourism and the expected resolution of regulatory uncertainties post-state elections. HLIB identifies Genting shares as undervalued, projecting strong performance for Resorts World Las Vegas, buoyed by upcoming holidays and the F1 Grand Prix.","focusai_entities":"Hong Leong Investment Bank, HLIB, Genting, Resorts World Las Vegas","focusai_location":"Malaysia, Las Vegas, USA","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Genting Valuation Drivers","query":"What specific operational improvements or market catalysts, beyond tourism and F1, are factored into HLIB's 'undervalued' assessment for Genting shares, particularly concerning its diverse global portfolio?"},{"label":"Post-Election Regulatory Impact","query":"How might potential shifts in Malaysian state-level regulatory frameworks, post-election, specifically influence B2B\/B2C licensing stability and GGR projections for incumbent operators?"}],"footnotes":""},"categories":[163,16333],"tags":[23907],"class_list":["post-777007022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007022","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=777007022"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007022\/revisions"}],"predecessor-version":[{"id":777007063,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007022\/revisions\/777007063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}