<div class=newsTextDataWrapInner>KUALA LUMPUR (June 4): Genting Malaysia Bhd shares fell in early trade on Monday following reports in the New York Times that that negotiations between the state of New York and Genting to build a convention centre and casino in the city had broken down.</div>
<div class=newsTextDataWrapInner>At 9.25am, Genting Malaysia fell seven sen to RM3.62 with 138,600 shares traded.</div>
<div class=newsTextDataWrapInner>CIMB Research has maintained its Neutral rating on Genting Malaysia Bhd at RM3.69 with a target price of RM4.</div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner>In a note Monday, the research house said this was a negative surprise and represented yet another setback for the company’s overseas expansion.</div>
<div class=newsTextDataWrapInner>"The breakdown of talks raises questions regarding Resorts World New York (RWNY)’s future expansion prospects. Maintain Neutral with an unchanged SOP target price. We see few potential re-rating catalysts for the stock. We prefer Genting Bhd for exposure to the gaming sector," it said.</div>

KUALA LUMPUR (June 4): Genting Malaysia Bhd shares fell in early trade on Monday following reports in the New York Times that that negotiations between the state of New York and Genting to build a convention centre and casino in the city had broken down.
At 9.25am, Genting Malaysia fell seven sen to RM3.62 with 138,600 shares traded.
CIMB Research has maintained its Neutral rating on Genting Malaysia Bhd at RM3.69 with a target price of RM4.
In a note Monday, the research house said this was a negative surprise and represented yet another setback for the company’s overseas expansion.
"The breakdown of talks raises questions regarding Resorts World New York (RWNY)’s future expansion prospects. Maintain Neutral with an unchanged SOP target price. We see few potential re-rating catalysts for the stock. We prefer Genting Bhd for exposure to the gaming sector," it said.

Genting M'sia falls in early trade

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