{"id":777007455,"date":"2023-07-20T06:42:35","date_gmt":"2023-07-20T09:42:35","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007455"},"modified":"2026-04-22T19:50:57","modified_gmt":"2026-04-22T22:50:57","slug":"maybank-downgrades-genting-eps-forecasts","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/maybank-downgrades-genting-eps-forecasts","title":{"rendered":"Maybank downgrades Genting EPS forecasts"},"content":{"rendered":"\n<p>The bank has adjusted its EPS forecasts for the next three years.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Malaysia.- Analysts at\u00a0<strong>Maybank Investment Bank\u00a0<\/strong>have adjusted their outlook for\u00a0<strong>Genting Group<\/strong>. They have reduced their forecast for earnings per share by 24 per cent for 2023 and by 8 per cent and 5 per for 2024 and 2025, respectively.<\/p>\n\n\n\n<p>Despite the adjustments, Maybank remains optimistic about Genting&#8217;s post-Covid-19 recovery prospects. Analyst<strong>\u00a0Yin Shao Yang<\/strong>\u00a0said the bank still expects Genting&#8217;s earnings to rebound to levels similar to those of 2019 by the end of FY25. As a result, the bank maintains its &#8220;Buy&#8221; rating on Genting&#8217;s shares. One positive factor contributing to this assessment is\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/malaysian-gaming-sector-to-rebound-in-h2-analysts-say\" target=\"_blank\">the gradual recovery of the Malaysian gaming sector<\/a>.<\/p>\n\n\n\n<p>Maybank cites several critical factors influencing Genting&#8217;s performance. Firstly, the shift towards the mass market mix is expected to boost margins due to reduced commissions and rebates. Additionally,<strong>&nbsp;Genting Malaysia&#8217;s expansion of Resorts World Genting&nbsp;<\/strong>through the Genting Integrated Tourism Plan (GITP) is projected to attract more high-margin mass market gamblers, leading to higher visitor arrivals.<\/p>\n\n\n\n<p>However, the report also points out challenges, particularly concerning bad debt. Notably, most of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/maybank-downgrades-genting-singapore-profit-forecast\" target=\"_blank\">Genting Singapore<\/a>\u00a0and Genting UK VIPs are Chinese nationals, but gambling debts are unenforceable in China, posing potential risks for the company&#8217;s financials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank has adjusted its EPS forecasts for the next three years.<\/p>\n","protected":false},"author":176,"featured_media":17061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank Investment Bank has adjusted Genting Group's EPS forecasts downwards for 2023-2025, citing challenges like the unenforceability of VIP gambling debts from Chinese nationals. Despite this, Maybank maintains a \"Buy\" rating, anticipating a full earnings recovery by FY25 driven by the Malaysian gaming sector's rebound, a strategic shift to the mass market, and the Resorts World Genting expansion.","focusai_entities":"Maybank Investment Bank, Genting Group, Genting Malaysia, Genting Singapore, Genting UK, Yin Shao Yang","focusai_location":"Malaysia, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mitigate VIP Debt Risks?","query":"What specific operational adjustments is Genting implementing to mitigate the identified bad debt risks from its VIP segment, particularly concerning Chinese nationals?"},{"label":"Mass Market GGR Impact?","query":"How does the projected shift towards a mass market mix impact Genting's overall GGR and NGR projections, considering potential changes in average player value versus volume?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777007455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007455","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=777007455"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007455\/revisions"}],"predecessor-version":[{"id":777007475,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007455\/revisions\/777007475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17061"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}