Maybank IB: Plenty of catalysts for Genting

Sky Plaza contribution: The SkyWay cable car at Genting resort. The Sky Plaza is expected to contribute from quarter two in FY2017.

PETALING JAYA: Maybank Investment Bank (IB) Research maintained its “buy” call on Genting Bhd despite its first quarter results missing expectations, saying there are “plenty of catalysts” ahead.

The research house noted that earnings before interest, tax, depreciation and amortisation (EBITDA) grew to a three-year high, mainly due to Genting Singapore Plc (GENS) and Genting Plantations Bhd (GenP).