No High Roller, No Problem
Tushar Mohata, Vice President of Equity Research, Nomura
20-Jul-16 09:20
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Tushar Mohata of Nomura discusses Genting's good fortunes despite headwinds like the disruption from site construction on Genting highlands, higher gaming taxes, GST's introduction and waning sentiment, showing the inelasticity of the sector to pricing pressures.
Other positive catalysts include Genting's soon-to-be-launched RM10 billion integrated masterplan and the peaking of a two-year decline in high-roller footfall at Genting Singapore.
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Tags: Gaming, Genting, leisure, Travel, Hotels, GST, Malaysia, Singapore