InstaForex

September 23, 2021

Genting Highlands To Reopen, Genting Shares Back 'Roaring'

The share prices of Genting Bhd and Genting Malaysia Bhd (GENM) showed an aggressive rise after the news that Genting Highlands will reopen starting October 1.


Examining the report released, Genting Highlands has been listed among the new holiday destinations that will reopen soon, including Pulau Tioman and the state of Melaka.


As at 4.14pm, Genting's share price remained up 0.41% to RM4.92 after reaching a daily high of around RM4.99 and accumulating a market capitalization of RM19.15 billion.


Meanwhile, GENM's share price also increased by 0.33% to RM3.06 which was previously traded at RM3.09 and has a market capitalization of RM18.11 billion.



Tourism Minister Datuk Seri Nancy Shukri noted that the recent reopening of Langkawi has seen success under the trial travel bubble.


Based on the observation record, almost 10 thousand tourists have flooded the island of Langkawi to return for vacation and also revitalize the economic market.


Other priority tourist destinations in the district such as Genting Highlands and Fraser Hill have seen vaccination rates reach 100% in preparation for the reopening of the sector.


Nancy is likely to hold a meeting to discuss the reopening of interstate tourism, according to Bernama.


Following the reopening of the sector, Resort World Genting is very happy and ready to welcome tourists by ensuring the safety of visitors.