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