Genting Malaysia to face MCO impact in 2Q

Bird's eye view of Resort World Genting.

PETALING JAYA: Genting Malaysia Bhd’s (GenM) second quarter earnings are expected to take a severe hit due to disruptions to its business from the movement control order (MCO).

RHB Research, in a report, said GenM’s upcoming first quarter results should register positive earnings before interest, taxes, depreciation and amortisation (Ebitda) as visitor arrivals only declined slightly prior to the MCO in mid-March.