Bursa Malaysia Stock Watch

Genting Malaysia: Maintain Hold - Earnings delivered, waiting on catalysts

kltrader
Publish date: Wed, 29 Feb 2012, 09:25 AM
kltrader
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Lacks near-term re-rating catalysts. Genting Malaysia's (GENM) 2011 earnings were well within expectations. Stable earnings growth from Resorts World Genting (RWG) was boosted by a full year of contribution from Genting UK (GENUK) and maiden contribution from Resorts World New York (RWNY). That said, GENM lacks near-term re-rating catalysts. Maintain Hold but raise TP to RM4.00.

Maybank Research 29 Feb 2012

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