Genting Malaysia recovery prospects intact

In describing the prospects for GenM, Maybank Investment Bank Research (Maybank IB) said the company’s recovery is delayed, but not denied. Citing the recent surge in Covid-19 cases in the country, the brokerage said it expected a delay in the reopening of GenM’s Resorts World Genting (RWG) to November 2021.

PETALING JAYA: The progress of Covid-19 vaccination in Malaysia is expected to reinforce optimism in the recovery prospects of Genting Malaysia Bhd (GenM).

This proposition is based on overseas observations, which suggest that the gaming sector could recover very fast when operations resume once herd immunity is achieved.