Genting Malaysia identifies areas for cost cutting

According to UOB Kay Hian Research, the increased interest in the stock in recent weeks could be related to speculation that the group had reached a compromise with 20th Century Fox, paving the way for the opening of its outdoor theme park.

PETALING JAYA: Genting Malaysia Bhd has identified various steps to help it cut some costs in the face of the new gambling taxes, UOB Kay Hian Research said.

The research house said the company wanted to defend its margins from these taxes.