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).