0917 GMT - Shares of Genting Bhd. whipsawed after its bid to privatize its Malaysia affiliate fell through. Analysts at DBS Group Research think a follow-up attempt is unlikely. For the conglomerate to raise its stake in Genting Malaysia beyond the 73.13% already held would likely mean taking on more debt that could strain finances. DBS analysts reckon Genting is probably comfortable with its current holding, and likely won't chase further acquisitions near term. Any such moves would potentially be "constrained by credit ratings being on negative watch due to the higher leverage taken on to fund the enlarged GENM stake." In October, both Moody's and Fitch Ratings placed Genting on rating watch negative over the proposed debt-funded acquisition. Shares of Genting ended 2.1% lower after wiping out gains earlier in the session. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

December 02, 2025 04:18 ET (09:18 GMT)

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