0208 GMT - The recovery trajectory for Malaysian casino operators is expected to remain robust, driven by rebounding travel demand and visa-free travel pacts between China, Malaysia and Singapore, Hong Leong IB analyst Chee Kok Siang says in a note. He highlights key developments to watch, including Resorts World New York City's bid for a New York casino license, with results expected in late 2025, and Genting Malaysia's potential entry into Thailand's Entertainment Complex. Hong Leong maintains an overweight rating on the gaming sector and pegs Genting as its preferred pick given its strong position to benefit from the recovery of its units Genting Singapore and Genting Malaysia, and potential gains if its associate TauRx Pharmaceuticals' hydromethylthionine mesylate drug secures an FDA approval. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
January 26, 2025 21:08 ET (02:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。