KUALA LUMPUR: Genting Bhd
remains a recovery play on the back of relaxing restrictions in the UK and US, despite its recent earnings miss.
According to Kenanga Research, the group's 1HFY21 core loss of RM111mil missed expectations against its and street's FY21 net profit estimates of of RM507.2mil and RM345.9mil due to the prolonged lockdown impacting local earnings while a one-month movement control softened Genting Singapore's profitability.
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