Genting M'sia shares down 3.6% since Brexit vote

Kuala Lumpur

GENTING Malaysia Bhd, one of the Asian companies most exposed to the UK, is finding that some investors aren't prepared to take a chance on its foray into the country's gaming market after the surprise vote to leave the European Union.

Run by South-east Asia's biggest casino group, shares in Genting Malaysia slumped about 3.6 per cent since the June 23 Brexit referendum while the country's benchmark index gained 0.7 per cent. Its parent's ringgit bonds due 2027 yielded 145 basis points more than the sovereign, up from 128 before Brexit and 1.7 times their one-year average.