Maybank IB raises earnings outlook on Genting in anticipation of Yokohama resort win


KUALA LUMPUR: Maybank Investment Bank Bhd is growing more bullish on Genting Bhd as it expects Genting Singapore and its joint-venture partner to secure the Yokohama integrated resort (IR) request for proposal (RFP) process.

The research house said Yokohama IR could complete its first full year of operations in FY28, leading to earnings accretion of RM2.9bil, which is more than Genting's FY19 core net profit of RM2.2bil.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

E-invoice exemption threshold up to RM1mil starting 2026, says PM
Ringgit to remain steady, trade within 4.10-4.12 versus greenback next week
Mega port strategy in the dock
Majuhome� built to last
Investors turn to EMs
Casino home run for Cohen
FBM KLCI poised for strong year-end
Genting’s high-stakes double-edged win
China’s slow stock rally gains investor trust
Cortina rolls out mobile homes for Winter Games

Others Also Read