Genting Malaysia scraps outlook as virus fears force unprecedented temporary closures


KUALA LUMPUR: Genting Malaysia Bhd,which has temporarily suspended its operations in Malaysia and overseas due to the coronavirus pandemic, told shareholders that it won't be able to comment on its business outlook.

"Given these unprecedented times of uncertainty, it is not prudent at this juncture to issue any statement on the Group’s prospects,"chairman and chief executive Tan Sri Lim Kok Thay said.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Asian currencies weaken after hot US inflation, Korea stocks down 8%
Sime Motors to hold three-day vehicle sales event from Oct 16
IMF warns of slowing Asian growth, spillover from rising yields
Malaysian tycoon piling into Singapore property eyes US$760mil deal
Exporter dollar sales bolster Malaysian ringgit, analysts say
Renewable energy demand to remain resilient despite higher CRESS charges, say analysts
Bursa Malaysia opens in the red amid US rate hike concerns
Ringgit opens lower vs US dollar on renewed US rate hike expectations
Genting to allocate RM280mil from rights issue for interest, financing costs
Trading ideas: Gamuda, MCE, Epicon, IHH Healthcare, AWC, Hibiscus Petroleum, JAG, Infomina, Atlan

Others Also Read