Maybank IB forecasts wider FY21 net loss for Genting Malaysia

KUALA LUMPUR: Genting Malaysia Bhd's core net loss in FY21 is expected to widen following the third closure of Resorts World Genting amid renewed lockdown measures, although a recovery in FY22 is projected to remain intact.

Maybank Investment Bank Research said it assumes the facility will be shut for three months for MCO3.0, leading to core net loss growing by 76%.

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Maybank IB Research , Genting Malaysia , casino , hospitality , Resorts World Genting

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