Genting set to break even in fourth quarter


The reopening of Resorts World Genting (RWG) on Sept 30, 2021, which was a month earlier than expected, will drive earnings recovery for Genting Malaysia, said Maybank Investment Bank (Maybank IB).

KUALA LUMPUR: Genting Malaysia Bhd is expected to finally break even in the final quarter of this year, following six consecutive quarters of core net losses primarily due to business disruptions caused by the pandemic.

The reopening of Resorts World Genting (RWG) on Sept 30, 2021, which was a month earlier than expected, will drive earnings recovery for Genting Malaysia, said Maybank Investment Bank (Maybank IB).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

IT buoys GDEX’s confidence
Kelington to reap the benefits of a diversified business strategy
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact
Powering on data centres
CMM seeks feedback on Sector Guides for ESG disclosures
Gadang gets RM280mil data centre job

Others Also Read