Fitch sees Genting reaping higher earnings from leisure and plantation sectors

Genting, which is the parent company of Genting Malaysia Bhd and Genting Plantations Bhd, said business momentum for its Resorts World Sentosa and Resorts World Genting remained healthy, with both seeing increased revenue in the quarter

PETALING JAYA: Fitch Ratings expects higher earnings at Genting group’s Malaysian leisure and hospitality (L&H) and oil palm plantation businesses, which together contributed around 40% of its consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) in the first half of this year.

In its rating announcement yesterday Fitch pointed out Resorts World Genting has opened several new facilities as part of its 10-year RM10bil redevelopment masterplan launched in 2013.