Broker Name: Maybank Investment Bank Berhad
Date of Report: November 28, 2025
Excerpt from Maybank Investment Bank Berhad report.
Report Summary:
- Maybank maintains a BUY rating on Genting Bhd (GENT MK), raising its target price to MYR4.24, citing stronger-than-expected gaming revenue at Resorts World Genting and higher projected earnings for FY25-27.
- The report highlights key upcoming catalysts: Genting Malaysia’s bid for a New York commercial casino license (decision expected December 1, 2025) and potential privatisation of Genting Malaysia, which could significantly boost Genting Bhd’s earnings and valuation.
- Genting’s diversified business spans casinos, plantations, property, biotechnology, and energy, but its ESG score was cut to 45/100 due to governance and sustainability concerns.
- Financial metrics show steady revenue growth, EBITDA resilience, and manageable net gearing, with strategic focus on expanding high-margin mass market gaming and operational efficiency.
- Risks include regulatory changes in key markets, volatility in VIP gaming, exposure to commodity prices, and related party transactions.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank IBG website: www.maybank.com/investment-banking
