KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Quick Summary Net profit fell 33% to S$390.3m Revenue slipped 3.1% to S$2.45b Gaming revenue down 6% due to lower win rate Shares tumbled nearly 9% , worst drop since Feb 2024 Stock Reaction Shares of Genting Singapore plunged as much as 8.9% to 72 Singapore cents , marking the biggest one-day percentage decline in nearly a year. The sell-off followed weaker-than-expected FY2025 results, disappointing investors who were looking for a stronger recovery in gaming operations. FY2025 Financial Highlights Net profit: S$390.3 million ( -33% YoY ) Revenue: S$2.45 billion ( -3.1% YoY ) Gaming revenue: S$1.6 billion ( -6% YoY ) The company attributed part of the weakness to asset enhancement works at Resorts World Sentosa , which temporarily disrupted operations. A lower casino win rate also weighed on performance. Why Investors Were Concerned Analysts noted: Gaming performance fell short of expectations Renovati...