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GGRAsia – GEN Highlands boost after 2Q, Catskills a drag: Nomura

The Malaysian operations of Genting Malaysia Bhd should “turn around after the second quarter” this year, but the “drag” on the group caused by an associate, Empire Resorts Inc – which runs Resorts World Catskills, in upstate New York in the United States – “needs to be resolved soon,” said a Wednesday note from the Nomura banking group.
While Genting Malaysia’s first-quarter earnings “will likely be impacted due to an approximately one-month closure” of its flagship Resorts World Genting casino resort (pictured) near the Malaysian capital Kuala Lumpur, “second-quarter 2021 onwards should improve, in our view, led by… progress” in the drive to vaccinate consumers around the region against Covid-19, wrote Nomura analysts Tushar Mohata and Alpa Aggarwal. ....

New York , United States , Kuala Lumpur , Tushar Mohata , Alpa Aggarwal , Genting New York , Empire Resorts Inc , Latest News , Genting Malaysia Bhd , Resorts World Catskills , Genting Malaysia , Resorts World Genting , Empire Resorts , Resorts World Casino New York City , Resorts World Bimini , United Kingdom , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , குவாலா லம்பூர் , துஷார் மோஹாத் , கெண்டிங் புதியது யார்க் , பேரரசு ரிசார்ட்ஸ் இன்க் , சமீபத்தியது செய்தி , கெண்டிங் மலேசியா ப்ட் , ரிசார்ட்ஸ் உலகம் கேட்ஸ்கில்ஸ் , கெண்டிங் மலேசியா ,

Cover Story: Winners and losers in post-pandemic era

A year after the outbreak of Covid-19, pandemic losers may gradually be transformed into winners with the economy poised to return to positive growth on the back of optimism over the vaccine programmes being rolled out around the world.
Will pandemic winners such as the glove and technology players continue to prosper? Will the tourism, retail, hospitality and manufacturing industries as well as small and medium enterprises (SMEs) move away from the dire conditions brought on by Covid-19 anytime soon?
For now, although the prices of glove stocks have eased from last year’s peaks, the super earnings cycle persists. Top Glove Corp Bhd, the world’s largest glove maker, recorded a new peak in its quarterly performance, with its net profit rising 20.76% quarter on quarter (q-o-q) to RM2.87 billion for the three months ended Feb 28, from RM2.38 billion in the preceding quarter. Similarly, Supermax Corp Bhd’s net earnings jumped 34% q-o-q to RM1.06 billion for its 2Q ended ....

Malaysia General , Muhyiddin Yassin , Sdn Bhd , Petaling Jaya , Genting Skyworlds , Hai Hsin , Datuk Michael Kang , Movement Control Order , Retail Group Malaysia , Business Conditions , Top Glove Corp Bhd , Kenanga Research , Business Survival Group , Groupm Bhd , Esprit Holdings , Group Bhd , Association Of Malaysia , Supermax Corp Bhd , Glove Corp Bhd , Prime Minister Tan Sri Muhyiddin Yassin , Koh Huat Soon , Bandar Sri Damansara , Hong Kong Listed , Speedy Video Distributors Sdn Bhd , Group Malaysia , Tan Hai Hsin ,

World's largest sovereign wealth fund says Malaysia equity investments include Genting Malaysia, MR DIY, Top Glove

KUALA LUMPUR (March 17): Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a market value of about NOK11.08 trillion (RM5.48 trillion) had invested in 145 Malaysia-listed companies including Genting Malaysia Bhd, MR DIY Group (M) Bhd and Top Glove Corp Bhd as at Dec 31, 2020, according to latest updates by the Norwegian central bank’s asset management unit.
Norges Bank Investment Management is the asset management unit of Norwegian central bank Norges Bank, which has been tasked to manage the Government Pension Fund Global, often referred to as Norway’s oil fund, Norges Bank Investment Management said on its website. ....

Kuala Lumpur , Airasiax Bhd , Groupm Bhd , Airasia Group Bhd , Norway Government Pension Fund Global , Norges Bank Investment Management , Government Pension Fund Global , Top Glove Corp Bhd , Norges Bank , Genting Malaysia Bhd , Bank Investment Management , Genting Malaysia , Top Glove , Norges Bank Investment , Bumi Armada Bhd , Bursa Malaysia , All Cap , Bumi Armada , Malayan Banking Bhd , Petronas Gas Bhd , குவாலா லம்பூர் , நோர்வே அரசு ஓய்வூதியம் நிதி உலகளாவிய , அரசு ஓய்வூதியம் நிதி உலகளாவிய , மேல் கையுறை கார்ப் ப்ட் , கெண்டிங் மலேசியா ப்ட் , வங்கி முதலீடு மேலாண்மை ,

Bursa lower at lunch break on profit taking

Bursa lower at lunch break on profit taking
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , United States , Tenaga Nasional Bhd , Dagang Nexchange Bhd Dne , Komarkcorp Bhd , Widad Group Bhd , Axiata Group Bhd , Alliance Bhd , Public Bank Bhd , Hong Leong Financial Group Bhd , Teladan Setia Group Bhd , Financial Services Index , Services Index , Bursa Malaysia , West Texas Intermediate , Sime Darby Plantation Bhd , Leong Financial Group Bhd , Genting Malaysia Bhd , Nasional Bhd , Nexchange Bhd , Plantation Index , Industrial Products , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , டெனாகா நேஷனல் ப்ட் , கூட்டணி ப்ட் ,

KLCI finishes higher on bargain hunting, improved sentiments

KUALA LUMPUR (March 15): The FBM KLCI closed 0.32% higher today, amid bargain hunting after two straight days of decline seen last week.
At 5pm, the benchmark index settled at 1,620.92, up 5.23 points from last Friday’s close of 1,615.69.
Rakuten Trade Research head of equity sales Vincent Lau told theedgemarkets.com that the benchmark index closed higher after the recent sell-off attracted bargain hunters. “Sentiment has also lifted, given investors are positioning on stocks that are expected to benefit from economic recovery as the country’s daily Covid-19 cases continue to show improvement in infectivity rates,” he added.
Among the heavyweights that pushed the KLCI s climb were Maxis Bhd, Genting Bhd, Genting Malaysia Bhd, Petronas Dagangan Bhd and CIMB Group Holdings Bhd. ....

Kuala Lumpur , Nestlem Bhd , Petronas Dagangan Bhd , Airasiax Bhd , Ucrest Bhd , Dagang Nexchange Bhd , Vincent Lau , Genting Bhd , Rakuten Trade Research , Pentamaster Corp Bhd , Group Holdings Bhd , Vitrox Corp Bhd , Widad Group Bhd , Shanghai Stock Exchange Composite Index , Asia Poly Holdings Bhd , Airasia Group Bhd , Hong Leong Bank Bhd , Permaju Industries Bhd , Greatech Technology Bhd , Industries Bhd , Malaysian Pacific Industries Bhd , Ktrade Research , Maxis Bhd , Genting Malaysia Bhd , Bursa Malaysia , Hong Leong Bank ,