Genting HK can stay afloat on its own

UOB Kay Hian added that the management of GENHK has reaffirmed that there are no plans for Genting Bhd, Genting Malaysia Bhd or Genting Singapore PLC to inject liquidity or bail out GENHK, in any form of guarantee or collateral.

PETALING JAYA: Genting Hong Kong Ltd (GENHK) is confident of securing capital to fulfil its US$200.4mil financial obligations and does not require a group bailout.

UOB Kay Hian Malaysia Research in a recent report deemed that GENHK should be spared from bankruptcy or default of its US$2.9bil net debt and had adequate cash flow to maintain its current operating cash outflow, which amounted to US$252mil as of the first half of 2020.