October 24, 2011

Genting Malaysia price estimate raised

Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
Research House: UOBPrice Call: BUYTarget Price: 3.95



Genting Malaysia Bhd rose in Kuala Lumpur trading after its share-price estimate was increased at UOB Kay-Hian Holdings Ltd, which cited its overseas earnings growth prospects.

The stock climbed 1.1 percent to RM3.71 at 9:31 a.m. local time, set for its highest close since Oct. 13.

The share estimate was raised to RM3.95 from RM3.79, UOB-Kay Hian wrote in a report today. -- Bloomberg

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