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Maybank trims Genting Singapore profit estimates despite optimistic outlook
Although maintaining a ‘cautiously optimistic’ outlook for Genting Singapore in 2024, Maybank cuts its EBITDA and core net profit estimates by 6 percent and 11-12 percent, respectively.
Bloomberry tipped for 23% profit surge despite GGR slowdown: Maybank
Maybank analyst cuts Bloomberry Resorts FY24 forecast due to a gaming revenue slowdown, in particular in VIP.
Visa-free policy with few impacts on Malaysia’s gaming industry: Maybank
Visa-free entry for Chinese citizens may have a negligible impact on Malaysia's gaming industry, according to a Maybank analyst.
Maybank raises Genting Berhad estimates following massive yearly profit surge in 3Q23
Investment bank Maybank has revised its earning estimates for Genting Berhad due to the strong performance posted by the group in 3Q23.
Wealthy locals drive Singapore’s mass GGR record: Maybank
The surge in housing prices was the primary driver behind Singapore's mass gross gaming revenue (GGR) surpassing pre-COVID levels, according to Samuel Yin Shao Yang, associate director at Maybank Investment Bank.
Maybank lowers Genting Malaysia’s FY24 forecast by 4 percent due to service tax rate hike
Maybank has lowered Genting Malaysia's earnings estimate for fiscal 2024 and 2025 by 4 and 5 percent, respectively, due to a two percentage point service tax rate hike in the country.
Singapore’s massive money laundering scandal leaves VIP market unscathed: Maybank
An analyst at Maybank states that there is no discernible impact on the VIP market after Singapore seized a massive money laundering case.
Bloomberry Resorts’ earnings forecasts raised by 23 percent this year after 1H strength: Maybank
Maybank has announced a 23 percent increase in its FY23 earnings forecasts for the Philippines gaming operator, Bloomberry Resorts.
Genting well-poised for NYC gaming license, with annual GGR of $500mln: Maybank
Analysts at Maybank say that the new momentum in the United States is proving highly beneficial for Genting Malaysia. The group points out the main benefit is the processing of three commercial casino licenses in New York state, which ‘has resumed, which we gather favors’ Genting Malaysia.
Maybank says boost in Malaysian Ringgit bodes well for Genting share price
Analysts at Maybank say that data suggest that the recovery in the Malaysian Ringgit could be a boost for Genting Berhad’s share price, as its ‘high foreign shareholding’ places importance on the US-dollar-to-ringgit exchange rate.