Genting's Sell-Off Appears Overdone Despite Earnings Miss -- Market Talk

Dow Jones

2025/05/30

0127 GMT - Genting Bhd.'s share sell-off appears overdone despite weaker-than-expected 1Q earnings, says TA Securities analyst Tan Kam Meng in a note. The stock is down 21.5% year-to-date. The $10.5 million fine related to illegal gambling at Resorts World Las Vegas has resolved the case, and the U.S. reciprocal tariff has had no noticeable impact on visitor numbers, he notes. Tan cuts Genting's 2025-2026 earnings forecasts by 47%-68% and lowers the target price to MYR3.56 from MYR4.02. TA Securities maintains a buy rating on Genting. Shares are 3.2% lower at MYR3.03. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 29, 2025 21:27 ET (01:27 GMT)

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The stock is down 21.5% year-to-date. The $10.5 million fine related to illegal gambling at Resorts World Las Vegas has resolved the case, and the U.S. reciprocal tariff has had no noticeable impact on visitor numbers, he notes. Tan cuts Genting's 2025-2026 earnings forecasts by 47%-68% and lowers the target price to MYR3.56 from MYR4.02. TA Securities maintains a buy rating on Genting. Shares are 3.2% lower at MYR3.03. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 21:27 ET (01:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地產股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539821858","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539821858","pubTimestamp":1748568420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0127 GMT - Genting Bhd.'s share sell-off appears overdone despite weaker-than-expected 1Q earnings, says TA Securities analyst Tan Kam Meng in a note. 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The $10.5 million fine related to illegal gambling at Resorts World Las Vegas has resolved the case, and the U.S. reciprocal tariff has had no noticeable impact on visitor numbers, he notes. Tan cuts Genting's 2025-2026 earnings forecasts by 47%-68% and lowers the target price to MYR3.56 from MYR4.02. TA Securities maintains a buy rating on Genting. Shares are 3.2% lower at MYR3.03. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 29, 2025 21:27 ET (01:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}