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Business

Genting earnings drop to RM562mil

PETALING JAYA: Genting Bhd’s net profit fell 6.8% to RM561.65mil in the first quarter ended March 31, 2019 (1Q19) from RM602.7mil a year ago due to termination-related costs of RM198.3mil by its subsidiary Genting Malaysia Bhd, as well as a loss on discontinued cash flow hedge.

Business

Trading ideas: MAHB, Wah Seong, Axiata, Mynews, Genting Malaysia

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB), Wah Seong Corp Bhd, Axiata Group Bhd, Mynews Holdings Bhd and Genting Malaysia Bhd are among the stocks to watch on Monday, according to JF Apex Research.

Business

Trading ideas: Genting Malaysia, Sunway, Zhulian, AirAsia, MAHB, Alam Maritim, CIMB

KUALA LUMPUR: JF Apex Research expects Genting Malaysia Bhd, Sunway Bhd, Zhulian Corp Bhd, AirAsia Group Bhd, Malaysia Airports Holdings Bhd (MAHB), Alam Maritim Resources Bhd and CIMB Group Holdings Bhd to be among the stocks to watch.

Business

Genting, Genting Malaysia incur losses in Q3

KUALA LUMPUR: Genting Bhd and its 49.5% owned Genting Malaysia Bhd both swung into the red in the third quarter ended Sept 30, 2018, with net losses of RM275.79mil and RM1.49bil, respectively, mainly due to impairment losses.

Corporate News

Genting M’sia earnings soars on UK business turnaround

KUALA LUMPUR: Genting Malaysia Bhd more than doubled its second-quarter (Q2) earnings to RM476.44mil from a year earlier, mainly due to a turnaround in its UK casino business.

Business

Genting keeps option open on second NY casino

PETALING JAYA: Genting Malaysia Bhd is keeping its options open to further increase its presence in New York, the United States.

Business

Genting posts 43% lower Q4 earnings of RM274mil

PETALING JAYA: Conglomerate Genting Bhd’s earnings for the fourth quarter ended Dec 31, 2014 came in 43% lower at RM273.84mil compared with a year earlier even though revenue increased 5% to RM4.62bil.

Corporate News

Genting Malaysia to sell Genting HK stake for at least RM1.7bil

KUALA LUMPUR: Genting Malaysia Bhd, via indirect unit Resorts World Ltd, has proposed to sell its entire 17.81% stake in Genting Hong Kong Ltd for at least RM1.69bil cash or 33 US cents (RM1.18) per share.

Business

Independent adviser gives thumbs up to Genting HK stake disposal

PETALING JAYA: Independent adviser RHB Investment Bank Bhd has described the proposed disposal by Genting Malaysia Bhd’s indirect unit Resorts World Ltd of its 17.81% stake in cruise ship operator Genting Hong Kong Ltd as “fair and reasonable”.

Corporate News

Independent adviser gives thumbs up to Genting HK stake disposal

KUALA LUMPUR: Independent adviser RHB Investment Bank Bhd has described the proposed disposal by Genting Malaysia Bhd’s indirect unit Resorts World Ltd of its 17.81% stake in cruise ship operator Genting Hong Kong Ltd as “fair and reasonable”.