GGRAsia – GEN Malaysia to sell Miami plots for US$1 2bln ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
Genting Malaysia Bhd shares rose as much as 3% or eight sen on Thursday (April 27), following its announcement of a proposed divestment of 15.47 acres (6.26 hectares) of land in Miami by its wholly-owned unit for US$1.225 billion (RM5.433 billion) cash.
Maybank Investment Bank Research has maintained its “buy” rating on Genting Malaysia Bhd (GenM) at RM2.68 with a lower target price of RM2.96 (from RM2.97) and said it understood that the tender results for a downstate casino licence that will potentially allow Resorts World New York City to deploy table games and add more than 53 sen per share will likely be delayed to the first quarter of 2024 (1Q2024) from 4Q2023.
GGRAsia – China-overseas flights still 70pct below 2019: Fitch ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.