Bursa Malaysia Stock Watch
Genting Malaysia cut to 'fully valued'
kltrader
Publish date: Fri, 02 Jul 2010, 11:58 AM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Genting Malaysia Bhd fell the most in 19 months in Kuala Lumpur trading on plans to buy its Singapore affiliate's UK casino businesses.
HwangDBS Vickers Sdn Bhd downgraded the stock to 'fully valued', describing the move as 'negative' and an 'inefficient' use of resources in a report today.
The stock fell 7.3 per cent to RM2.54 at 9:04 am local time, set for its biggest drop since November 27, 2008.
Genting Malaysia also had its stock rating cut at ECM Libra Capital Sdn Bhd, which said its plan to purchase its affiliate's UK casino businesses is 'value-destroying.'
Genting Malaysia was reduced to 'sell' from 'hold,' it said in a report today. -- Bloomberg
HwangDBS Vickers Sdn Bhd downgraded the stock to 'fully valued', describing the move as 'negative' and an 'inefficient' use of resources in a report today.
The stock fell 7.3 per cent to RM2.54 at 9:04 am local time, set for its biggest drop since November 27, 2008.
Genting Malaysia also had its stock rating cut at ECM Libra Capital Sdn Bhd, which said its plan to purchase its affiliate's UK casino businesses is 'value-destroying.'
Genting Malaysia was reduced to 'sell' from 'hold,' it said in a report today. -- Bloomberg
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