UOB Kay Hian Research Articles

Genting Malaysia: Back To Rationale Valuation

UOBKayHian
Publish date: Thu, 22 Jun 2017, 10:01 AM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.

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UOB Kay Hian Securities (M) Sdn Bhd (194990-K)

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(GENM MK/SELL/RM5.50/Target: RM5.15)

We upgrade GENM to HOLD as its share price has fallen 8.2% since our downgrade. Current valuations have fairly priced in risks tied to its funding of the US Indian tribal (Mashpee) casino project, while improving GGR trends at Genting Highlands should provide downside support. Target price: RM5.15. Entry price: RM5.00.

Source: UOB Kay Hian Research - 22 Jun 2017

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