Genting Bhd - Thrown off course by MI and tax

Stock Name: GENTING
Company Name: GENTING BHD

Research House: CIMB

Price Call: BUY

Target Price: 11.90

Target RM11.90

Thrown off-track by higher minority interests and taxes, Genting Bhd undershot expectations, with FY11 core net profit being only 88% of our forecast and 93% of consensus. Save for the O&G division, earnings growth was commendable across the board.

Source: CIMB Daybreak February 29, 2012, Full PDF Report