0149 GMT - Genting Malaysia is projected to post better on-quarter earnings in 4Q, UOB Kay Hian analyst Jack Goh writes in a note. Based on the brokerage's channel checks, Resorts World Genting's visitor and gaming volumes have surpassed prepandemic levels, he says. This aligns with the year-end holiday season, with overall 4Q consumption supported by festivals and school vacations, Goh adds. Flight capacities and international footfall have also shown sequential improvement, he says. UOB KH maintains the stock's buy rating and target price of MYR2.83. Shares are up 1.4% at MYR2.21.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 20:49 ET (01:49 GMT)
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