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.