Hong Leong Investment, which upgraded its call on the sector to “overweight”, has Genting Bhd as its top pick as it believes the counter is trading at a huge discount of more than 50% to its sum-of-parts valuation.
KUALA LUMPUR: Gaming stocks are expected to continue on their recovery path, given countries’ shift away from the total lockdown approach and as investors develop an “immunity” towards Covid-19-related news.
The gaming sector was one of the worst-hit by the Covid-19 pandemic over the past two years but further developments in the pandemic should not be as disruptive to sales and operations as they have been in the past.
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