Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
Company Name: GENTING MALAYSIA BERHAD
| Research House: CIMB | Price Call: HOLD | Target Price: 4.10 |
Target RM4.10
We see no dearth in news flow on Genting Malaysia's overseas operations. While there have been some positive developments in its US ventures recently, it will take a while before these developments translate into meaningful earnings contribution for the company. We see few meaningful near-term earnings catalysts that could drive a further share price rerating. We remain Neutral with an unchanged SOP-based target price. Genting Bhd, which offers more near-term growth catalysts, is our preferred pick in the Malaysian casino gaming space.
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