Kenanga lowers earnings forecast for GentingM amid more lockdowns

KUALA LUMPUR: Kenanga Research has lowered its earnings estimates on Genting Malaysia Bhd as it forecasts a deeper impact on operations due to further lockdowns domestically and in the UK.

"We forecast a wider net loss of RM1.80b in FY20 from RM1.36b as we increased losses from Malaysia and the UK casinos but reduced losses for North America operation and Empire Resorts.