Genting shares soar to 34-month high
PETALING JAYA: Genting Bhd rose to its highest level in 34 months yesterday after Citigroup Inc raised its rating on the stock to “buy” from “hold”.
Asia’s second-biggest listed casino operator saw its stock close up 6.7% to RM8.72 yesterday, its highest since Oct 29, 2007.
Genting, which holds a 52% stake in Genting Singapore PLC, has been re-rated to a ‘’buy’’ or ‘’outperform’’ call by most analysts based on the latter’s second-quarter profit of S$396.5mil from a loss previously
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