“Third quarter was another miss, even after expectations were lowered following its second quarter miss,” JPMorgan Chase & Co. analysts including DS Kim wrote in a note.
Genting Singapore’s shares fell to a two-year low after analysts downgraded the stock following lacklustre third-quarter results from the firm.
The shares dropped as much as 7.7% to hit the lowest since October 2022, before paring some losses. The company reported a net income of $79.4 million for the three months ended September, missing estimates by a wide margin.
