Bursa Malaysia Stock Watch

Genting rises on Goldman upgrade

kltrader
Publish date: Mon, 26 Jul 2010, 11:55 AM
kltrader
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Genting Bhd, Asia's second-biggest listed casino operator, rose to a nine-month high after the stock was upgraded by Goldman Sachs Group Inc, which cited the 'positive' momentum at its Singapore casino resort.

The stock gained 0.9 per cent to RM7.72 at 9:03 am in Kuala Lumpur, set for its highest close since October 23, 2009.

Genting's rating was raised to 'buy' from 'neutral,' Goldman said in a report. -- Bloomberg
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