Genting Malaysia may need more than a new theme park: Hong Leong

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KUALA LUMPUR (Oct 21): Genting Malaysia is on track to launch its outdoor theme park in 3Q next year, which Hong Leong Investment Bank views favorably, raising its 2021 earnings forecast by 6.2%. 

But Hong Leong maintains hold on the Malaysian casino operator with an unchanged target price of RM3.38, citin guncertainties of the turnaround plans for the loss-making U.S. entertainment group Empire Resources which Genting Malaysia had acquired, which will weigh on its earnings beginning next year.