July 13, 2010

GENM - Genting rises on 'overweight' call

Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
Research House: MORGAN STANLY



Genting Malaysia Bhd, the country's sole casino operator, rose the most in three weeks in Kuala Lumpur trading after Morgan Stanley initiated coverage of the stock with an "overweight" call and RM3.05 share forecast.

The stock rose 1.1 per cent to RM2.69 at 9:05 a.m. local time, set for its biggest gain since June 18. -- Bloomberg


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