Gaming all set for recovery this year

Recovery of the gaming sector is now in full swing as Malaysia enters the endemic phase of Covid-19.

The improving environment bodes well for both casino operators as well as number forecast operators (NFOs) as they are set to post stronger earnings this year.

RHB Research maintained its “overweight” rating on the gaming sector, with Genting Bhd as its top sector pick and Magnum Bhd as its favourite NFO pick.

“As Malaysia and Singapore transition into endemicity, we believe the prospects of the Genting firms and NFO are looking increasingly certain,” the brokerage explained in its report.

Source: https://www.thestar.com.my/business/business-news/2022/04/26/gaming-all-set-for-recovery-this-year