0120 GMT - Genting's earnings are set to be boosted in 2H by major events, including the Formula 1 Las Vegas Grand Prix in November and the July reopening and rebranding of the Singapore Oceanarium, TA Securities analyst Tan Kam Meng says in a note. Both events could help boost 2H earnings for its units Genting Singapore and Resorts World Las Vegas. However, Tan cuts Genting's 2025-2027 earnings forecasts by 35.6%-65.1% as 1H earnings came in below expectation. TA Securities cuts Genting's target price to MYR3.39 from MYR3.56, while maintaining a buy rating on the stock, adding that the recent sell-down looks overdone. Shares are 1.4% higher at MYR2.88. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
August 28, 2025 21:20 ET (01:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.