- Odds are in investors' favour. Genting Malaysia (GENM) redeemed itself by delivering excellent 2Q12 results driven by higher VIP volumes and win rates at both Resorts World Genting (RWG) and Genting UK (GENUK).
- We are optimistic that its operations will remain resilient. Upgrade GENM to BUY. Investors who buy GENM at this price will get its stake in Genting Hong Kong, its properties and cash, all for free.
Source: Maybank Research - 30 August 2012
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