Genting
GENTING's non-gaming activities are expected to contribute substantially to its earnings in the current financial year ending Dec 31. An OSK research analyst said FY04 plantation division's pre-tax profit rose by 26%, underpinned by higher production of fresh fruit bunches. The power division's net earnings also jumped 42% to RM288mil after Genting Sanyen Power became its subsidiary in March 2003. OSK maintains a "buy" call with a 12-month target price of RM22.90.
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