Genting Shares Whipsaw After Privatization Bid Fails -- Market Talk

Dow Jones

Dec 02

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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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DOW\">Dow</a> Jones Newswires\n</p>\n<p>\n  December 02, 2025 04:18 ET (09:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genting Shares Whipsaw After Privatization Bid Fails -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenting Shares Whipsaw After Privatization Bid Fails -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-02 17:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DOW\">Dow</a> Jones Newswires\n</p>\n<p>\n  December 02, 2025 04:18 ET (09:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0675040207.SGD","symbol_name":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588036553","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588036553","pubTimestamp":1764667080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU1282649141.HKD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (HKD) INC","LU0886674414.USD":"CT (LUX) I ASIAN EQUITY INCOME \"AUP\" (USD) INC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0048597586.USD":"富达亚洲焦点A","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU0205439572.USD":"富达亚太股息基金","LU0971096721.USD":"富达环球金融服务 A","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0048573645.USD":"富达东盟基金","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","BK6505":"周期性消费品与消费者服务","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC"},"translate_title":"私有化竞标失败后云顶股价大幅下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 02, 2025 04:18 ET (09:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}