Genting Malaysia share price continues to rise

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: The steady rise in Genting Malaysia Bhd’s share price in recent weeks is linked to market speculation that its outdoor theme park will be opening its doors to visitors sooner than expected, analysts say.

Genting Malaysia has climbed some 20% since May 28, closing up 25 sen to RM3.70 yesterday. For the year-to-date period, the stock has risen by about 25%.