November 3, 2010

GENTING - Buy Genting as proxy to S'pore unit: OSK

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



Investors should buy Genting Bhd, a Malaysian casino operator for its "alluring growth trajectory" and the company is also a cheaper proxy to its Genting Singapore Plc unit, OSK Research Sdn Bhd said in a report today.

Genting's active search for acquisitions of a rival global casino and potential sale of its power assets are potential share-price catalysts, OSK said.

It has "buy" rating and a share-price estimate of RM14.05. -- Bloomberg


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