February 14, 2012

GENP - Solid cash cow

Stock Name: GENP
Company Name: GENTING PLANTATIONS BERHAD
Research House: HWANGDBSPrice Call: BUYTarget Price: 11.00



Genting Plantations; Buy; RM9.51
Price Target: RM11.00; GENP MK

FY12F-13F profit raised by 11% ' 16% on revised CPO prices, FX rates, Success of Iskandar Malaysia should boost value of its 5,500 acre land bank in Kulai. Reiterate Buy, SOP-derived TP raised to RM11.00 (16% upside potential)

Source: HwangDBS Research 14 Feb 2012

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