May 31, 2010

GENTING - OSK Research ups target price for Genting to RM8.90

Stock Name: GENTING
Company Name: GENTING BHD
Research House: OSK

KUALA LUMPUR: GENTING BHD [] rose three sen to RM6.76 at 9.42am Monday, May 31 after OSK Research maintained its buy call on the stock and raised its target price to RM8.90 from RM8.35.

"We continue to like the group as a cheap proxy to Genting Singapore for its alluring growth trajectory.

"The group's active search for global casino M&As and potential divestment of its power assets could potentially be share price catalysts," the research house said in a note Monday.



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