Genting earnings to ride on tourism growth

CGSI Research said higher foreign and domestic tourist arrivals are expected to lift RWG revenue past an all-time high.

PETALING JAYA: Genting Malaysia Bhd (GenM) is expected to see earnings recovery in the coming quarters, driven by tourism growth and increased revenue from its integrated leisure complex, Resorts World Genting (RWG).

Expressing its optimism on GenM’s prospects, CGS International (CGSI) Research pointed out that foreign visitor arrivals, especially from China, have improved while domestic tourism growth remains robust. These look set to drive GenM’s earnings in the coming quarters, the brokerage noted.