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GentingM 9M core net profit within forecast, TP reduced


KUALA LUMPUR: Genting Malaysia’s (GENM) nine months core net profit at 72% of full-year forecasts was  within the market’s and CIMB Equities Research’s expectations as it projects a stronger 4Q.
It said on Monday the company was hit by a RM1,896m impairment for the Mashpee Wampanoag Tribe promissory notes.

“Maintain Hold; TP falls from RM3.25 to RM2.92,” it said.

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