Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
No surprises. Genting Malaysia's (GENM) 9M11 results were within expectations. Its most recent acquisition of Fox Poker Club Limited for GBP7.8m is not expected to contribute materially going forward. We leave our earnings estimates unchanged but tweak our DCF based TP higher by 5 sen to RM3.88. Maintain Hold call.
Maybank research (25 November 2011)
Click here for full report
Company Name: GENTING MALAYSIA BERHAD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 3.88 |
No surprises. Genting Malaysia's (GENM) 9M11 results were within expectations. Its most recent acquisition of Fox Poker Club Limited for GBP7.8m is not expected to contribute materially going forward. We leave our earnings estimates unchanged but tweak our DCF based TP higher by 5 sen to RM3.88. Maintain Hold call.
Maybank research (25 November 2011)
Click here for full report
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