“We forecast a wider net loss of RM1.80bil in FY20 from RM1.36bil as we increased losses from Malaysia and the UK casinos but reduced losses for North America operation and Empire Resorts. (File pic Genting Highlands resorts)
PETALING JAYA: Kenanga Research has lowered its earnings estimates on Genting Malaysia Bhd
as it forecasts a deeper impact on operations due to further lockdowns domestically and in the UK.
“We forecast a wider net loss of RM1.80bil in FY20 from RM1.36bil as we increased losses from Malaysia and the UK casinos but reduced losses for North America operation and Empire Resorts.
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