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Resorts World posts RM275m profit in Q1

PETALING JAYA: Resorts World Bhd made a net profit of RM275mil in the first quarter ended March 31, down 7% from RM297mil in the previous corresponding period despite 8% growth in revenue to RM1.18bil.

Resorts World changes name

KUALA LUMPUR: Resorts World Bhd yesterday announced that it has changed its name to Genting Malaysia Bhd effective Thursday.

More challenging H2 for equity market

KUALA LUMPUR: Standard Poor's (SP) Equity Research expects a more challenging second half year for the Malaysian equity market as much of positive market news has been factored into stock prices, said vice-president and head of Asia equity research, Lorraine Tan.

Positive bias for the FBM KLCI

Continued buying interest in selective heavyweights pushed the key FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) Index slightly higher.

Uptrend likely to continue on positive economic outlook

Share prices on Bursa Malaysia are set to move higher this week on a slow and steady fashion.

Lower profit for Genting in Q2

PETALING JAYA: Genting Bhd posted a 26.3% lower net profit of RM214.50mil for the second quarter ended June 30 against RM291.04mil for the previous corresponding period.

Genting rebounds after analysts assure investors

PETALING JAYA: Shares in Genting Bhd rebounded from Wednesday's selldown after analysts assured investors that the gaming group had the financial muscle to support its 55%-owned Singaporean subsidiary, Genting Singapore plc (GenS), in its fund-raising exercise.

Outlook for Malaysian bourse bright

PETALING JAYA: The general outlook of the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) remains bright, according to some local and foreign brokerages.

Winding up of Bandar Pelabuhan

PETALING JAYA: Genting Malaysia Bhd's indirect wholly-owned subsidiary Resorts World Properties Sdn Bhd and Kumpulan Darul Ehsan Bhd (KDE) are voluntarily winding up Bandar Pelabuhan Sdn Bhd.

Genting Malaysia to buy Wisma Genting, land

PETALING JAYA: Genting Malaysia Bhd (GMB), formerly known as Resorts World Bhd, has proposed to acquire Wisma Genting in the heart of Kuala Lumpur and two parcels of lands in Segambut from parent company Genting Bhd for RM228.6mil.