Genting’s forecast intact despite resort cancellation

As for Malaysia, Public Invest said the near-term catalyst would be the reopening of the Malaysian economy as well as stronger plantation earnings due to the elevated crude palm oil (CPO) prices.

PETALING JAYA: Despite the cancellation of the Yokohama integrated resort (IR), in which Genting Singapore Ltd had put in a bid, the Genting group remains a recovery play.

PublicInvest Research, in a report, said it had left its forecasts and recommendation for parent company, Genting Bhd, unchanged as it has yet to factor in any expectations for the bid for the Yokohama IR project.