Many people also know that Genting Casino in Malaysia was a well known casino operations, which generally attracted a lot of people, come from different countries of the world. Hence, Genting is the one of the tourism that become high profit generator in Malaysia.
The Singapore Casino, which is run by Genting International. I have been thinking whether the effect of the financial crisis will affect the Genting Casino gaming industry?
Based on my personal analysis, the shares price on Bursa Malaysia have been on the downtrend since the March 8, 2009 general election. In addition, the knock-on effect of the sudden hike in petrol prices and weakening consumer buying power has much affect the Malaysia economic. However, one stock that continues to be favored is, one of the best-managed stocks in Malaysia, Genting Bhd.
Genting Share Price Drop After Lost Its Founder
Genting share drop from RM9.90 to the share price at around RM5.60 since April 2007. It was lower than the share price of RM6 after March general election. I guess should be caused by the lost of its founder, Tan Sri Lim Goh Tong, at that time.