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GGRAsia – GEN Malaysia 1Q loss US$117mln, negative EBITDA 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.
KUALA LUMPUR (May 25): Genting Malaysia Bhd (GENM) continued to bleed in its first quarter ended March 31, 2021 (1QFY21), as net losses widened to RM483.59 million or 8.55 sen per share, from RM417.96 million or 7.39 sen per share in 1QFY20, due to the temporary closure of the group’s businesses in Malaysia and the UK. ....
Bursa Malaysia ends broadly lower, 1,061 stocks fall but CI up 0.06 pct thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (May 6): Genting Malaysia Bhd s subsidiary GENM Capital Bhd will redeem bonds under the latter’s medium term notes (MTN) programme of up to RM5 billion next Tuesday (May 11) ahead of the RM5 billion MTN scheme s maturity date on March 31, 2022, according to facility agent Maybank Investment Bank Bhd. According to Maybank’s filing with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website, GENM Capital’s notice dated April 27, 2021 indicated the early redemption of the MTN under stock code number UI170047 next Tuesday ahead of the securities maturity date. Maybank, which did not elaborate on the redemption value, also did not attach GENM Capital’s notice in the filing. ....
Maybank Investment Bank Bhd says it now expects Genting Malaysia Bhd to record a core net loss for 2021, “due to the recent surge in new Covid-19 cases” in Malaysia, where the gaming firm runs its main earner, the Resorts World Genting casino complex (pictured) near Kuala Lumpur. The brokerage said it was now forecasting Genting Malaysia’s “full-year core net loss” at MYR384.8 million (US$93.5 million), compared to a 2020 core net profit of MYR137.9 million, wrote analyst Samuel Yin Shao Yang, in comments accompanying a Tuesday note. Resorts World Genting resumed operations on February 16, after being closed for more than three weeks as a Covid-19 countermeasure, due to a spike in infections in that country. ....