KUALA LUMPUR: Genting'' Bhd was the top loser in late trade on Monday, June 13 as investors locked in some gains after the strong performance recently but overall volume was not very heavy.
At 3.29pm, Genting was down 24 sen to RM11.08. There were 1.58 million shares done.
The FBM KLCI fell 8.22 points to 1,547.97 in line with the weaker key Asian markets. Turnover was 519.31 million shares done valued at RM674.12 million. There were 149 gainers, 512 losers and 286 stocks unchanged.
UOB Kay Hian Malaysia Research has a Buy on Genting at RM11.32 (last Friday, June 10 price) with a target price of RM13.63.
'Maintain Buy on GENTING BHD [], which continues to sport the cheapest valuations among the large-cap casino operators, and provides a much cheaper entry to the good fortunes of Resorts World Sentosa (RWS), as well as its subsidiaries' ongoing M&A efforts,' it said.
At 3.29pm, Genting was down 24 sen to RM11.08. There were 1.58 million shares done.
The FBM KLCI fell 8.22 points to 1,547.97 in line with the weaker key Asian markets. Turnover was 519.31 million shares done valued at RM674.12 million. There were 149 gainers, 512 losers and 286 stocks unchanged.
UOB Kay Hian Malaysia Research has a Buy on Genting at RM11.32 (last Friday, June 10 price) with a target price of RM13.63.
'Maintain Buy on GENTING BHD [], which continues to sport the cheapest valuations among the large-cap casino operators, and provides a much cheaper entry to the good fortunes of Resorts World Sentosa (RWS), as well as its subsidiaries' ongoing M&A efforts,' it said.
No comments:
Post a Comment