Bursa Malaysia Stock Watch

Genting (Hold): Humdrum 3Q11

kltrader
Publish date: Fri, 25 Nov 2011, 11:27 AM
kltrader
0 20,407
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.
No surprises. Genting's 9M11 results were in line. 3Q11 core earnings were rather flattish YoY and QoQ due to forex translation losses on USD denominated debt. 4Q11 earnings are expected to be the strongest due to ramping VIP volumes at Resorts World Sentosa (RWS). Maintain Hold but tweak RNAV/sh based TP lower by 1% to RM10.14. We believe Genting is fairly valued.


Maybank research (25 November 2011)

Click here for full report
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment