Hong Leong Investment Bank Research has added its voice to analysts predicting a strong longer-term comeback for Genting Malaysia, upping its rating from a “hold” to a “buy.”
While the recovery this year may be slower than predicted due to continuing interstate travel banks, 2022 is expected to see “exponential year-on-year” growth. Key drivers will be the opening of the company’s new outdoor amusement park later this year and improvement in travel.
HLIB turns positive on long term prospects for GenM (The Edge Markets)
