Sunday, April 14, 2024
HomeNewsMalaysiaHLIB sees long-term positive growth for Genting Malaysia, ups rating

HLIB sees long-term positive growth for Genting Malaysia, ups rating

FOLLOW US

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)

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES