(GENT MK/BUY/RM9.79/Target: RM11.05)

GENT's 2Q17 results came in within expectation and it has declared a surprise dividend of 8.5 sen per share. Maintain BUY on GENT as its share price has significantly lagged its subsidiaries’. We expect GENT to see valuation catch-up as it is well-poised to capitalise on its subsidiaries’ event catalysts, which include GENM’s earnings boost from GITP and GENS’ Japan greenfield opportunity. Target price: RM11.05.

Source: UOB Kay Hian Research - 25 Aug 2017