Big gains for GenM on potential Miami property exit

PETALING JAYA: Genting Malaysia Bhd’s (GenM) possible exit from the Miami property market after more than a decade will likely see the group making big gains, says Maybank Investment Bank (Maybank IB) Research.

It said the leisure and hospitality group could realise proceeds of at least RM4.4bil and recognise a disposal gain of at least RM2.9bil or 52 sen per share.