PETALING JAYA: CGS-CIMB Equities Research is slashing Genting Malaysia Bhds’ core earnings per share (EPS) of the company by 43% following the extension of the movement control order (MCO).
The research firm said it anticipated lower casino volume of 17-18% year on year (y-o-y) at Resorts World Genting (RWG) fewer visitors are expected in 2Q20 due to social distancing even post-MCO.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!