News by theedgemarkets.com

Syed Hizam has been suspended since May to facilitate investigations into allegations of possible financial mismanagement in relation to the group’s investments and operations.

This brought the total number of Covid-19 cases in the country to date to 1,725,357. 

Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen. 

Cumulatively, 34.03 million Covid-19 vaccine doses had been administered as of yesterday.

Meanwhile, 19.24 million representing 82.2% of its adult population had had at least one dose of the vaccine. 

The daily figure was marginally lower than yesterday's 22,597 cases.

Of the 408,295 vaccine doses administered, 155,669 were first jabs and 252,626 were second shots.

Revenue jumped seven-fold to RM817.87 million, from RM114.91 million in 2QFY20, on higher revenue from the leisure and hospitality businesses in the US, Bahamas, the UK and Egypt.

As at the closing of the restricted offering on Aug 20, the REIT's manager had received valid acceptances for 241.95 million ROFS units and 362.92 million corresponding distribution-in-specie units.

Revenue for the quarter increased 8% to RM658.65 million from RM610.47 million a year earlier.