Friday, December 14, 2018

Malaysia

Genting Malaysia to review marketing expenses after tax hikes

Genting Malaysia said it was reviewing marketing expenses and its cost structure after the government hiked casino taxes and duties in its annual budget, provoking the biggest one-day share price drop on record for the company.

Genting stock suffers record drop after tax hikes

Genting Malaysia stock dropped as much as 30 percent on concern a bigger-than-expected casino tax hike in Friday’s budget will slice into earnings.  

RGB confirms plans to spin off support & management division

Electronic gaming machine supplier RGB Asia has confirmed plans to spin off its technical support and management division and list it on the Hong...

Genting Malaysia net profit doubles in 18Q2

Genting Malaysia saw its second-quarter net profit more than double to RM378.2 million (US$91.6 million), helped by higher revenue from its Malaysian operations. The...

Investors waiting for Genting theme park clarity: Nomura

Genting Malaysia has clear catalysts for further growth, though investors are likely waiting for further clarity on the opening of its 20th Century Fox theme park before buying the shares, Nomura said in a research note.

Genting Malaysia issues notes to finance resort redevelopment

Genting Malaysia has announced that its wholly-owned subsidiary, GENM Capital, has issued RM2.6 billion in nominal value of medium-term notes. Genting said the proceeds of...

Fitch affirms Genting Bhd, Genting Singapore rating at A- stable

Fitch Ratings announced this week that it has given Malaysia-listed Genting Bhd a long term foreign issuer default rating (IDR) of ‘A-’, a rating...

Syndicates secure bank accounts ahead of World Cup

With only a few days to the FIFA World Cup, bookmaking syndicates in Malaysia have been busy securing bank accounts from individuals to be...

Strong domestic performance drives GENM 18Q1 results

Genting Malaysia Berhad, operator of Resorts World Genting (RWG) in Malaysia reported a 16 percent improvement in net profit for the first quarter of...

Berjaya Assets net profit falls 90 percent in last quarter

Berjaya Assets Bhd saw its net profits decline 90.8 percent year-on-year in the third quarter ending March 31, 2018, down to RM16.6 million (US$4.2 million).

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