Tuesday, February 28, 2012

GENP - 4Q11 in line

Genting Plantations; Buy; RM9.25
Price Target: RM11.00; GENP MK

4Q11 earnings within expectations; declared total DPS of 9sen/share. Earnings declined q-o-q on lower CPO prices and higher operating cost. Maintain Buy with RM11.00 TP.

Source: HwangDBS Research 28 Feb 2012
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