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Seem like selling pressure reduce and bargain hunting. Yesterday 1st meeting with creditors will follow up with more meeting with creditors to sort out the restructuring of GenHK. Maybank and RHB also rebound. Hope struck a good deal.
My opinion is healthcare are benefited from this pandemic even b4 vaccine and have added benefit if the vaccine allocated to them to distribute eventually if out but Genting are hit by this pandemic and due to recent GenHK case and pending Q2 results by this week.
which investors need clearer picture b4 any action.
Overall profit before tax increase for Qtr2 from RM25.9 mil to RM38 mil. Attributable to company excludes non-controlling interest is RM22 mil. Plantation profit increase from RM64 mil to RM100 mil but downstream manufacturing business reduce from RM12 mil to RM1.9 mil.. declare dividend of 6 cents compare last year 3.5 cents.