Malaysia Sin Stocks Drop After Islamist Party Wins Support in Polls morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Amid cautious market sentiment over fears of a global recession, shares of Genting Bhd, and its 49.5%-owned Genting Malaysia Bhd have been holding up fairly well as investors bet on an “meaningful earnings recovery” with the easing of preventive restrictions across the gaming group’s key markets.
Fitch predicting strong recovery by Genting Malaysia into 2024 agbrief.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agbrief.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The FBM KLCI tumbled 1.5% after Prime Minister Ismail Sabri Yaakob announced the dissolution of parliament on Monday to make way for the 15th general election (GE).
RAM Rating Services Bhd (RAM Ratings) on Thursday revised the outlook for Genting Bhd and Genting Malaysia Bhd (GenM) from negative to stable, and reaffirmed their AA1 ratings.
The revision is premised on the expectation that the group remains on track to meet its rating thresholds in the financial year ended Dec 30, 2023 (FY23), supported by better than expected recovery traction and balance sheet and liquidity positions in FY21.