Monday 24 October 2011

Genting Malaysia price estimate raised

Genting Malaysia Bhd rose in Kuala Lumpur trading after its share-price estimate was increased at UOB Kay-Hian Holdings Ltd, which cited its overseas earnings growth prospects.

The stock climbed 1.1 percent to RM3.71 at 9:31 a.m. local time, set for its highest close since Oct. 13.

The share estimate was raised to RM3.95 from RM3.79, UOB-Kay Hian wrote in a report today. -- Bloomberg
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