Genting SkyWorlds, a new outdoor theme park (pictured in an artist’s rendering) due to open this year at the Resorts World Genting casino complex in Malaysia, has begun a national recruitment campaign for up to 1,500 workers, reported the Malay Mail newspaper, citing an executive from Genting Malaysia Bhd.
In February, management said “over US$800 million” was being invested in Genting SkyWorlds.
Maybank Investment Bank Bhd said in some April 20 commentary that the new attraction – due to open in mid-year this year notwithstanding the pandemic affecting the nation and impacting tourism from overseas – was likely to be an important catalyst for Genting Malaysia’s earnings in 2022.
Tuesday, 27 Apr 2021 11:54 AM MYT
KUALA LUMPUR, April 27 ― Maybank Investment Bank Bhd (Maybank IB) has maintained its “buy” call on CIMB Group Holdings Bhd’s (CIMB) shares with an unchanged target price of RM4.80.
The call was made in view of the group’s likely decent first quarter 2021 (Q1 2021) results amidst better net interest margins (NIM) and trading income.
In a note today, the research house said PT Bank CIMB Niaga and CIMB Group’s Q1 2021 results are scheduled to be released on April 29 and May 31, respectively.
“We think that the results are likely to be decent for the group, with higher quarter-on-quarter (q-o-q) NIMs, better year-on year (y-o-y) trading income and ongoing cost control, offset by still elevated credit costs,” it said.
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.
Saturday, 10 Apr 2021 10:19 AM MYT
Bursa Malaysia rebounded for the next three days of the week to end the week on a firm note on bargain-hunting, surpassing the 1,600 points psychological level. Bernama pic
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KUALA LUMPUR, April 10 The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
Maybank Investment Bank Bhd senior chartist Nik Ihsan Raja Abdullah said the local bourse could possibly see some minor consolidation due to profit-taking in property names after the recent rally, while banking stocks are expected to remain in a range-bound mode.
KUALA LUMPUR (April 10): The benchmark FBM KLCI is expected to trade higher next week, building on the stronger performance in the equities market, after bouncing off the critical level last week, said an analyst.
Maybank Investment Bank Bhd senior chartist Nik Ihsan Raja Abdullah said the local bourse could possibly see some minor consolidation due to profit-taking in property names after the recent rally, while banking stocks are expected to remain in a range-bound mode.
“However, buying interest could expand further in healthcare names with the technology sector set to make a comeback after underperforming its peers for the past two weeks.