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Kenanga ups target price for Genting on 'recovery play' despite 1HFY21 results missing expectations

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. 

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MR DIY brothers, Westports' Gnanalingam, Greatech’s Tan join Forbes Billionaires Club

Other Malaysians on Forbes’ 2021 billionaires list include Hong Leong Group’s Tan Sri Quek Leng Chan, with an estimated wealth of US$9.7 billion, Ananda Krishnan (US$5.8 billion), Tan Sri Teh Hong Piow (US$5.7 billion), Tan Sri Syed Mokhtar Albukhary (US$1.2 billion) and the glove guys — Hartalega Holdings Bhd chairman Kuan Kam Hon and family (US$3.9 billion) and Top Glove Corp Bhd’s Tan Sri Dr Lim Wee Chai (US$3.5 billion). 

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