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CIMB Research retains hold for Genting Malaysia, TP RM3.25


“With the rise in casino tax of 10 percentage points from Jan 1, 2019 onwards, we understand GM is looking at some cost cutting initiatives, which include reducing the incentives and rewards for major casino customers," says CIMB Research.

“With the rise in casino tax of 10 percentage points from Jan 1, 2019 onwards, we understand GM is looking at some cost cutting initiatives, which include reducing the incentives and rewards for major casino customers," says CIMB Research.

KUALA LUMPUR: CIMB Equities Research is retaining its earnings per share (EPS) forecasts and RM3.25 target price for Genting Malaysia (GentingM) and also its hold recommendation.

It said on Monday the target price was based on an unchanged 10% discount to RNAV and the discount was to reflect possible further provisions in the near future.

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