Resorts World Genting reopening delayed by Covid surge, says Maybank IB


KUALA LUMPUR: Maybank Investment Bank Research is forecasting a wider core net loss for Genting Malaysia Bhd as it projects a delay in the reopening of Resorts World Genting to November 2021 following the recent surge in new Covid-19 cases in the country.

The research house, which had initially predicted a resumption of operations at end-August, said its new timeline for a reopening coincides with expectations that the country will achieve herd immunity in October.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Wall St set to kick off week higher; U.S. inflation in focus
Opcom auditor resigns after audit fee disagreement
Ringgit closes easier against US dollar as greenback gathers strength
Maxis appoints MR DIY CEO Adrian Ong as director
Optimax secures license to offer plastic surgery and aesthetic services
TCS wins RM10.7mil construction contract
EVE Energy builds new US$422mil manufacturing facility in Kulim, kedah
UMW Toyota July sales jump 25.8% to 8,349 units
KLCI ends flat on cautious investor sentiment
Maybank2u and MAE apps currently down; credit and debit card use also unavailable (Updated: Services back to normal)

Others Also Read