Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
Lacks near-term re-rating catalysts. Genting Malaysia's (GENM) 2011 earnings were well within expectations. Stable earnings growth from Resorts World Genting (RWG) was boosted by a full year of contribution from Genting UK (GENUK) and maiden contribution from Resorts World New York (RWNY). That said, GENM lacks near-term re-rating catalysts. Maintain Hold but raise TP to RM4.00.
Maybank Research 29 Feb 2012
Click here for full report
Company Name: GENTING MALAYSIA BERHAD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 4.00 |
Lacks near-term re-rating catalysts. Genting Malaysia's (GENM) 2011 earnings were well within expectations. Stable earnings growth from Resorts World Genting (RWG) was boosted by a full year of contribution from Genting UK (GENUK) and maiden contribution from Resorts World New York (RWNY). That said, GENM lacks near-term re-rating catalysts. Maintain Hold but raise TP to RM4.00.
Maybank Research 29 Feb 2012
Click here for full report
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