Author Topic: Maybank Kim Eng Holdings Limited upgrades Genting Malaysia  (Read 111 times)

Offline zakara

  • Civilian
  • *
  • Posts: 35
  • Stock Trader in Malaysia
    • Multi Management Future Solutions
Maybank Kim Eng analyst upgraded the recommendation on Genting Malaysia Bhd to buy from hold.
Price target (PT) raised to RM3.46 from RM3.40, implies 11% increase from the last close. Genting Malaysia average PT is RM3.54. Analyst brought down their accord one-year target cost for the stock by 7.4% in the previous half year. Estimates go from RM2.70 to RM5.

According to the performance metrics, Genting Malaysia reported earnings that trailed and sales that topped estimates for the quarter on May 23.