Outperforming the FBM KLCI wager

PETALING JAYA: The gaming sector is expected to enter the new year on a positive note with several domestic and external catalysts to spur growth.

UOB Kay Hian Research, which maintained an “overweight” call on the sector, said the gaming stocks would likely outperform the FBM KLCI this year on the back of positive developments including generous dividend yields, Genting Malaysia Bhd’s (GenM) good chances of winning a full-fledged casino licence in downstate New York, and potential progress of Genting Bhd’s TauRx Pharmaceuticals.