Bursa Malaysia Stock Watch
GENTING - Genting up on O&G project rights sale
kltrader
Publish date: Mon, 15 Nov 2010, 12:39 PM
kltrader
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Stock Name: GENTING
Company Name: GENTING BHD
Research House: CREDIT SUISSE
Genting Bhd, a Malaysian casino and power group, rose the most in almost a month in Kuala Lumpur trading after receiving US$136.5 million from selling its rights to future sales of an oil and gas (O&G) project in Indonesia.
The stock climbed 1.6 per cent to RM10.32 at 10.51 am, set for its steepest gain since October 19.
Genting also climbed after its share-price estimate was raised to RM13 from RM10.65 at Credit Suisse Group AG, which said Genting is a "cheaper" exposure to its Singapore unit. - Bloomberg
Company Name: GENTING BHD
Research House: CREDIT SUISSE
Genting Bhd, a Malaysian casino and power group, rose the most in almost a month in Kuala Lumpur trading after receiving US$136.5 million from selling its rights to future sales of an oil and gas (O&G) project in Indonesia.
The stock climbed 1.6 per cent to RM10.32 at 10.51 am, set for its steepest gain since October 19.
Genting also climbed after its share-price estimate was raised to RM13 from RM10.65 at Credit Suisse Group AG, which said Genting is a "cheaper" exposure to its Singapore unit. - Bloomberg
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