Genting’s recovery hinges on travel ban being lifted

For Genting Bhd to turn around, Kenanga Research said, it largely depends on how soon Genting’s 53%-owned indirect subsidiary, Genting Singapore Ltd, makes its full earnings recovery.(File pic shows Genting Singapore casino)

PETALING JAYA: While Genting Bhd remains mired in losses against the backdrop of travel restrictions in its key operating markets, analysts believe the casino operator’s outlook is set to improve as more countries began to vaccinate their population en masse.

For the conglomerate to stage a turnaround, Kenanga Research said it largely depends on how soon Genting’s 53%-owned indirect subsidiary, Genting Singapore Ltd, makes its full earnings recovery.