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apple developer account for sale (buyappleacc.com):Recovery for gaming seen in 2022

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,UOBKH said the casino sub sector is poised for an eventual comeback beyond a “desolate second quarter” this year. UOBKH said the casino sub sector is poised for an eventual comeback beyond a “desolate second quarter” this year. “Before Genting Malaysia stages a sharp financial turnaround in the fourth quarter of 2021 it is expected to post a RM400mil loss in the second quarter, with Resorts World Genting being forced to close again since May 26, 2021 due to the government’s nationwide lockdown.

KUALA LUMPUR: Gaming companies are expected to announce lackluster earnings in the upcoming corporate results season, due to operations being disrupted by the nationwide lockdown to curb the Covid-19 pandemic.

Nevertheless, the accelerating pace of the nation’s vaccination programme is expected to generate meaningful capital appreciation for gaming companies by 2022, said UOB Kay Hian (UOBKH).

“The gaming sector is a main beneficiary to the upcoming economic reopening as the pandemic eases, taking cue from the recoveries in the United States and the United Kingdom after mass dispensation of Covid-19 vaccines there.

“The gaming sector’s valuations should continue to partially factor in earnings recovery and business normalisation in 2022,” it said in a report.

UOBKH said gaming companies should eventually regain their revenue resilience and steady streams of cashflow by 2022 or 2023, adding that past dividend levels should also be restored by then.

“The appeal of gaming companies’ ability to sustain 2022 yields of between 3.9% and 7.8% would be enhanced in the current protracted period of low interest rates.Berjaya Toto Btoto

“This quantum of high dividend yield is particularly attractive, given the sector’s earnings resilience and the capital market’s eventual hunger for high yielders.”

UOBKH said Malaysia’s reopening of the economy will be gradual, starting with the (hopeful) recommencement of businesses by either August or September.

“The reopening of state borders, together with partial bilateral travel bubbles will be expected to come next, followed by the eventual reopening of the country’s borders.”

In the meantime, UOBKH said the casino sub sector is poised for an eventual comeback beyond a “desolate second quarter” this year.

“Before Genting Malaysia stages a sharp financial turnaround in the fourth quarter of 2021, it is expected to post a RM400mil loss in the second quarter, with Resorts World Genting being forced to close again since May 26, 2021 due to the government’s nationwide lockdown.

“Recall that Genting Malaysia incurred earnings before interest, taxes, depreciation and amortisation and net loss of RM110mil and RM410mil, respectively, in the first quarter of 2021, with patronage remaining low throughout the quarter due to interstate travel restrictions.”

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