Genting Malaysia will privatise the currently loss making Empire Resorts with Kien Huat Realty, which is controlled by the Lim family but Maybank Investment Bank Research views Empire Resorts fundamentals as wanting.
KUALA LUMPUR: Genting Malaysia will privatise the currently loss making Empire Resorts with Kien Huat Realty, which is controlled by the Lim family but Maybank Investment Bank Research views Empire Resorts fundamentals as wanting.
Maybank Research said on Wednesday that pending more details, it is maintaining its earnings estimates and RM3.80 TP. But with less than 10% upside, it downgrades GentingM to Hold from Buy.
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