KUALA LUMPUR: Genting Bhd's performance for the remainder of the 2024 financial year may be influenced by factors such as global economic growth, geopolitical risks, and macroeconomic movements. The group said the global economy is expected to continue growing, though risks from geopolitical developments may persist. “In Malaysia, the expansion of the economy is expected to be supported...
KUALA LUMPUR: Genting Malaysia Bhd’s wholly owned subsidiary, GENM Capital Bhd has issued RM1.3bil in nominal value of medium-term notes (MTNs). In a filing with Bursa Malaysia, Genting Malaysia said it raised RM1.05bil through three tranches of MTNs.These notes offer annual coupons ranging from 4.92% to 5.15% and have maturities spanning five to ten years. The leisure and...
PETALING JAYA: After being hit hard by Covid-19, Genting Bhd and its subsidiary Genting Malaysia Bhd are making a decent comeback. Visitor arrivals to its resorts-cum-casinos have reached pre-Covid-19 levels and analysts said the group is primed for a better 2024. “For Resorts World Genting (RWG), we note that in the fourth quarter 2023 (4Q23), visitor arrivals grew to 5.8 million...
KUALA LUMPUR: Genting Bhd registered a net profit of RM929.20 million in the financial year ended Dec 31, 2023 (FY2023) compared to a net loss of RM299.90 million a year ago. Its revenue jumped to RM27.12 billion from RM22.38 billion, boosted by the leisure and hospitality businesses in the United States, Bahamas, United Kingdom and Egypt. It...
