Maybank Kim Eng analyst upgraded the recommendation on Genting Malaysia Bhd to buy from hold. Price target (PT) raised to RM3.46 from RM3.40, implies 11% increase from the last close. Genting Malaysia average PT is RM3.54. Analyst brought down their accord one-year target cost for the stock by 7.4% in the previous half year. Estimates go from RM2.70 to RM5. According to the performance metrics, Genting Malaysia reported earnings that trailed and sales that topped estimates for the quarter on May 23, 2019.
Their mountain casino is a weird place, that's for sure. One of the most surreal places I've been to.
I sold art to the Genting Group for some of the suites and private playing rooms in the mid 90s. Had lunch with Tan Sri Lim a couple times, nice person, both humble and shrewd. Lost about $30K profit waiting to get paid as the Ringgit was collapsing. Definitely a surreal weird place.