Genting seen doing better next year

Genting Malaysia expected Resorts World Genting (RWG) to record 30 million visitors annually by 2020, due to the anticipated rise in gaming capacity from the company

PETALING JAYA: Genting Bhd is expected to stage a better financial performance next year as its 53%-owned Genting Singapore is showing signs of a strong turnaround following a series disappointing quarterly results.

According to UOB Kay Hian, Genting Singapore has seen a good share price run-up of 14% since Nov 3, following the announcement of better-than-expected third quarter results due to stabilised earnings on lower provisions and sustained cost efficiency.