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Top Calls
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Company Update � Genting Malaysia (HOLD,
downgrade)
- Rising star, but looks fairly valued for now Despite raising our TP to RM6.00, we are downgrading Genting Malaysia (GENM) to HOLD from Buy, as we believe the stock is fairly valued; hence the limited upside potential to our new TP. While the company�s prospects still look strong, we think any significant upside would only materialise in 2H18, as the 20th Century Fox theme park in Genting Highland should only be operational by end-2017.
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Other Calls
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Economic Update � Malaysia Manufacturing
PMI
- Malaysia�s manufacturing PMI expands to 50.7 in April
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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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