Broker Name: Maybank Investment Bank Berhad
Date of Report: November 28, 2025
Excerpt from Maybank Investment Bank Berhad report.
Report Summary
- Genting Malaysia (GENM) delivered stronger-than-expected results, with 3Q25 core net profit of MYR164.8m (9M25: MYR461.5m), driven by higher-than-expected gross gaming revenue (GGR), especially from VIP and mass market segments at Resorts World Genting (RWG).
- Maybank raised its FY25-27 earnings estimates for GENM by 23-30% and increased its target price to MYR3.27, maintaining a BUY rating, citing potential upside if GENM wins a downstate New York commercial casino license (decision expected Dec 1, 2025), which is not reflected in the current MYR2.35 offer price.
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 Investment Bank Berhad website : https://www.maybank.com/investment-banking
