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 Bhd
’s net profit fell 6.8% to RM561.65mil in the first quarter ended March 31, 2019 (1Q19) from RM602.7mil a year ago due to termination-related costs of RM198.3mil by its subsidiary Genting Malaysia Bhd, as well as a loss on discontinued cash flow hedge.
In a filing with Bursa Malaysia yesterday, the group said the fall in net profit was partially offset by the gain on disposal of Coastbright Ltd, an indirect wholly owned subsidiary of Genting Malaysia.
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