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.
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