Bursa Malaysia Stock Watch

Genting Malaysia (Hold): A relatively good hand

kltrader
Publish date: Fri, 25 Nov 2011, 11:29 AM
kltrader
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No surprises. Genting Malaysia's (GENM) 9M11 results were within expectations. Its most recent acquisition of Fox Poker Club Limited for GBP7.8m is not expected to contribute materially going forward. We leave our earnings estimates unchanged but tweak our DCF based TP higher by 5 sen to RM3.88. Maintain Hold call.

Maybank research (25 November 2011)

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