PETALING JAYA: Genting Bhd
's share price closed nine sen lower to RM8.88 after analysts turned cautious on casino-and-resort operator Genting Singapore plc's outlook following lower-than-expected second-quarter and first-half ended June 30 earnings.
Genting's share price started to fall last Friday after the company's 52%-owned subsidiary Genting Singapore reported net profit and revenue which missed estimates due to a drop in mass-market gaming revenue, prompting analysts to downgrade Genting Singapore. Year-to-date, Genting's share price has fallen 21%.
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