Finance Malaysia Blogspot: 5 Malaysian stocks that could benefit from IF mega concerts were held here

Concerts have always been a significant source of entertainment and a major revenue generator for the music industry. With the world gradually returning to normal after the pandemic, the resumption of concerts is gaining ground recently.

High-profile concerts such as Coldplay's "Music of the Spheres" and Taylor Swift's "The Eras" are tourists pulling events to a country. These high-demand events not only entertain local fans but also attract a significant international audience. 💞💞💞

In this blog post, we'll explore 5 Bursa-listed stocks that could potentially reap substantial benefits if mega-international concerts were held in Malaysia. I mean IF lahhhh... 😏

Genting Malaysia Berhad (GENM)

Genting Malaysia Berhad, an integrated resort company, operates the renowned Resorts World Genting, which hosts numerous world-class entertainment events, including concerts.

Being one of the most popular venues for hosting concerts in Malaysia due to its cool temperature, the company's revenue streams would be lifted, as ticket sales, hotel bookings, and gaming revenues are likely to witness a surge.

The integration of entertainment and hospitality positions Genting Malaysia Berhad to capitalize on the growing demand for concert-related experiences.
Capital A (formerly known as AirAsia Berhad)

As one of the largest low-cost carriers in Southeast Asia, the company is poised to benefit significantly from the revival of the concert scene here. AirAsia's extensive network of domestic and international flights would play a pivotal role in transporting artists, crew members, and concertgoers alike.

Increased travel demand resulting from concerts would drive passenger traffic, potentially leading to higher revenue and improved financial performance for the airline.
YTL Hospitality REIT

YTL Hospitality REIT was listed on December 15, 2005, it had a market capitalisation of around RM1.61 billion currently and a large portfolio of premier hotel assets.

In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, The Ritz-Carlton Kuala Lumpur (hotel and suite wings), the Pangkor Laut, Tanjong Jara, and Cameron Highlands resorts, and the AC Hotels in Kuala Lumpur, Penang, and Kuantan.

With the influx of foreign concertgoers into the country, the hotel business could be one of the direct beneficiaries. Moreover, for fans of international artists, their spending power could be higher and willing to stay in these premium hotels (maybe in the same hotel as Taylor Swift? 💝😍).
Pavilion REIT

Other than hospitality, next is retail spending from tourists and foreigners here. Mega shopping malls such as Pavilion Bukit Bintang and Pavilion Bukit Jalil (nearby Axiata Arena) could be the hotspot for them.

Furthermore, those malls are usually used as a venue for organiser to host pre-concert events such as meet-the-artist, promotions... Hey, these are crowd-pulling events! 👯👯👯
Sunway REIT

A combination of hospitality and retail, we have Sunway REIT which is one of the largest diversified REITs in Malaysia, having a portfolio of 20 assets comprising 5 retail properties, 6 hotels, 5 offices, 2 industrial properties, a medical centre, and an education asset.

For hospitality, we have Sunway Resort Hotel, Sunway Pyramid Hotel, and Sunway Lagoon Hotel. Meanwhile, for retail, we have the amazing Sunway Pyramid Mall.

Excellent for socio-economic...

Malaysia's rise as a global concert hub could actually bring far-reaching economic benefits, extending to the stock market. The Government and politicians should be happy and more open-minded to welcome such events to be held in Malaysia.

As mentioned above, this will definitely bring more benefits than harm, to the Rakyat where we have more economic activities >>> more jobs >>> more influx of foreign money >>> more sales being generated >>> more tax revenue to the country >>> higher domestic consumption figures >>> higher GPD growth.

Discover over 100,000 Travel Activities at Exclusive Prices over 300 Destinations here: https://invol.co/cl9vsqv