Monday, May 15, 2017

Company Update � Genting Berhad (BUY, maintain)

Top Calls

Company Update Genting Berhad (BUY, maintain)

GENS Another strong quarter

Genting Singapore (GENS) reported a relatively good set of numbers for 1QFY17, as EBITDA margin continues to improve despite the decline in revenue, which helps to deliver 41% QoQ growth in core PAT. Headline PAT is up 14% QoQ, due to gain from the disposal of its stake in Resort World Jeju. Management has also indicated that they will be redeeming its perpetual subordinated securities capital on their next call date.

Other Calls

Economic Update Malaysia- OPR

BNM keeps its OPR unchanged at 3.0%

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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