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Amid the challenges posed by the Covid-19 pandemic, Genting Bhd posted a lower revenue of RM4.1bil for the first quarter (Q1) ended March 31,2020, compared with RM5.6bil in the previous corresponding quarter.
KUALA LUMPUR: Moody's Investors Service has downgraded the issuer rating of Genting Bhd to Baa2 from Baa1.
KUALA LUMPUR: Stocks to watch on Monday include Ho Wah Genting Bhd, Minetech Resources Bhd, Rohas Tecnic Bhd, Gamuda Bhd, Genting Malaysia Bhd and Icon Offshore Bhd, according to JF Apex Research.
IT’S a quiet week for economic data with the most anticipated data coming Wednesday when the Statistics Department releases the inflation rate for April.
PETALING JAYA: The Genting group wants Miami-Dade County to fund a US$770mil (RM3.35bil) monorail system linking the Miami mainland with South Beach, The Miami Herald has reported.
PETALING JAYA: Genting Malaysia Bhd’s (GenM) second quarter earnings are expected to take a severe hit due to disruptions to its business from the movement control order (MCO).
KUALA LUMPUR: RHB research house has maintained its "buy" recommendation on Genting Malaysia Bhd as the group's long-term prospects remain intact despite "unprecendented losses" expected for the second quarter of 2020.
KUANTAN: Genting Malaysia Bhd worked with the Bentong prison to produce personal protective equipment (PPE).
KUALA LUMPUR: UOB Hay Kian Research foresees a significant recovery for Genting Malaysia Bhd in the second half of this year (2H20) driven by pent-up demand from domestic trippers in Malaysia and Singapore.
PETALING JAYA: Malaysia’s casino-to-hospitality conglomerate Genting Bhd and its units are planning the first group-wide salary cut since its founding in 1965.