CGS Lowers Genting Malaysia’s Earning Estimates Till 2026
CGS International has cut its FY24F/25F/26F core EPS estimates for Genting Malaysia by 31.5%/25.3%/13.6% mainly due to higher tax rate assumptions noting the group has fully utilised its tax incentives from the Genting Integrated Tourism Plan. The house has also increased the operating costs of RWG to take into account the higher service tax of […]