Casino stocks continue to fall
But some analysts are maintaining their ‘buy’ calls on Genting and Genting Malaysia
A notable number of analysts have continued to maintain their “buy” calls on Genting Bhd and Genting Malaysia Bhd (GenM) despite the unexpected announcement of additional taxes that will be imposed on casinos in Malaysia.
After the announcement of the additional levies and taxes, both companies had seen a sustained selldown in their respective shares when trading resumed last Monday due to their exposure, via the casino ownership, to Genting Highlands.
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