KUALA LUMPUR: Genting Malaysia Bhd sees potential earnings growth as its key facilities under its Genting Integrated Tourism Plan (GITP) is on track for a soft opening by year-end. Affin Hwang Capital Research retained a “buy” call for Genting Malaysia with a target price of RM5. “We see this as a key catalyst since domestic operations account for around 80% of group earnings,” said the research house in a report yesterday. Besides Malaysia, Genting has 43 casinos in the UK, including Resorts World Birmingham, which started operation in October last year. As of the US, Affin Hwang expected losses to narrow at Bimini with room capacity and without the costly in-house ferry operations.

Source: The Star September 20, 2016 00:22 UTC