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CIMB Research retains add for Genting, TP RM8.90


In end-November, Genting Malaysia announced it was suing Walt Disney Co and 21st Century Fox Inc for more than US$1bil, which could lead to further delays in the opening of its new outdoor theme park.

In end-November, Genting Malaysia announced it was suing Walt Disney Co and 21st Century Fox Inc for more than US$1bil, which could lead to further delays in the opening of its new outdoor theme park.

KUALA LUMPUR: CIMB Equities Research is maintaining its earnings per share (EPS) forecasts and target price of RM8.90  based on an unchanged 30% realised net asset value (RNAV) discount
to reflect weak equity market conditions. 

It said on Monday Genting remains an Add. A re-rating catalyst is the opening of the new outdoor theme park in Malaysia in 2019 while the failure to do so is a de-rating catalyst.

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