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.