Wednesday, February 29, 2012

GENM - Broadening out

Genting Malaysia; Hold; RM3.80
Price Target: RM4.10; GENM MK

Results in line, Final DPS of 4.8sen (4Q10: 4.4sen) declared. Resilient Malaysian operations to help fund US ventures. Cut 2012-13F earnings by 6.5-5.5%; maintain Hold & SOP-TP of RM4.10.

Source: HwangDBS Research 29 Feb 2012

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