February 28, 2012

Genting Plantations - Bumper harvest in 2011

Stock Name: GENP
Company Name: GENTING PLANTATIONS BERHAD
Research House: CIMBPrice Call: SELLTarget Price: 8.53




Target RM8.53

The record profit in 2011 may not be sustainable given rising labour and fertiliser costs. We also see earnings risks for its Malaysian estates from potential government measures to help refiners.


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