Genting Bhd offers deep value despite closure of casinos and hotels

Dividend play: A fund manager says Genting Bhd is a good dividend play, with a diversified business portfolio and proven revenue stream.

THE Covid-19 pandemic has been extremely brutal on businesses that even Malaysia’s well-known and diversified conglomerate, Genting Bhd, could not escape the brunt of the deadly virus outbreak.

For the first time ever, all of its casinos globally that delivered close to 60% of its revenue in the financial year of 2019 (FY19), have been shut down simultaneously.