Genting Could Face Headwinds From U.S. Economy, Tariffs -- Market Talk

Dow Jones
02/27

1029 GMT - Genting's earnings could face headwinds from the U.S. economy and tariffs, TA Securities analyst Tan Kam Meng says in a note. Management expects the newly completed Las Vegas Convention Center, which is set to host 48 conventions in 2026, to drive traffic to Genting's casino in Las Vegas, he notes. The company will remain focused on improving property margins through operational efficiency, he adds. However, Tan remains cautious on the U.S.'s economic outlook and tariffs, which could deter international visitors. He cuts Genting's 2026-2027 earnings projections by 22.8%-29.3% after its earnings came in below expectations. TA Securities cuts Genting's target price to MYR3.93 from MYR4.20 as it lowers Genting's subsidiaries' valuations, while maintaining a buy rating on the stock. Shares closed at MYR2.83. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

February 27, 2026 05:29 ET (10:29 GMT)

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