KUALA LUMPUR: GENTING BHD [] shares advanced in early on Friday, May 13 on the back of its 52%-owned Genting Singapore reporting positive 1Q2011 results.
At 9.10am, Genting was up 18c to RM11.38 with 216,200 shares traded.
Maybank Investment Bank Bhd Research said Genting Singapore's results exceeded expectations (house and street) on above theoretical VIP win rate of 3.8%.
'Genting Singapore should continue to take the lion's share of VIP volume thanks to its generous credit policy,' it said.
The research house maintained its buy recommendation with raised target price of RM12.76 (from RM12.58).
At 9.10am, Genting was up 18c to RM11.38 with 216,200 shares traded.
Maybank Investment Bank Bhd Research said Genting Singapore's results exceeded expectations (house and street) on above theoretical VIP win rate of 3.8%.
'Genting Singapore should continue to take the lion's share of VIP volume thanks to its generous credit policy,' it said.
The research house maintained its buy recommendation with raised target price of RM12.76 (from RM12.58).
No comments:
Post a Comment