Analyst Research Report Snapshot

Title:

Results Note – Genting (BUY, maintain) - Fund raising exercise, earnings below expectations

Price:

$46.00

Provider:

Affin Investment Bank

Date:

29 Aug 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

GENT.KL

Available for Immediate Download
Summary:

2QFY13 core net profit grew 6% yoy to RM479m The group grew 2QFY13 revenue by 3.4% yoy to RM4,461.1m. In essence, the enlarged entity experienced higher casino business volume across Malaysia, Singapore, UK and US. 2QFY13 EBITDA however, only grew by a marginal 1.4% yoy on higher bad debt written off by GENM’s London casinos and lower GENP earnings yoy (-40% yoy) against a backdrop of lower CPO ASPs.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.