Genting Malaysia Bhd, Malaysia’s sole casino operator, dropped 0.8 per cent to RM2.60, extending a two-day decline to 4.1 per cent.
Four research companies including OSK Research Sdn Bhd last week cut their outlooks for the stock after Genting Malaysia said on July 1 it will buy some UK casino businesses from Genting Singapore Plc for 340 million pounds (US$509 million).
Genting Bhd, which controls both Genting Malaysia and Genting Singapore, fell 1.4 per cent to RM7.15, its first decline in three days. - Bloomberg
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