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Thursday, April 29, 2010

Is Genting turning around now or the surge today is just an abberation?

Let's take a look at various research report calls below.

Date/Research House/Last Done/Target Price/Call/Valuation Method

14/01,CIMB,$1.24,$1.50,Outperform,Ebitda 20x
27/01,CIMB,$1.10,$1.50,Trading Buy,SOTP
09/02,CIMB,$1.09,$1.50,Trading Buy,SOTP
18/03,CIMB,$0.97,$1.23,Trading Buy,Not Disclosed
29/04,CIMB,$0.87,$1.23,Outperform,SOTP

22/01,Citigroup,$1.23,$0.80,Sell,Not Disclosed
22/02,Citigroup,$0.97,$0.76,Sell,SOTP & DCF

29/01,DMG,$1.08,$1.22,Trading Buy,Not Disclosed

08/02,DBS Vickers,$1.09,$1.20,Hold,SOTP
22/02,DBS Vickers,$1.04,$1.07,Hold,SOTP
08/03,DBS Vickers,$0.90,$1.07,Hold,PER26x,Ev/Ebitda 14x
19/03,DBS Vickers,$0.97,$1.07,Hold,SOTP

08/02,OCBC,$1.09,$1.39,Buy,Not Disclosed
22/02,OCBC,$0.94,$1.04,Buy,DCF
08/03,OCBC,$0.905,$1.04,Buy,Not Disclosed
18/03,OCBC,$0.97,$1.04,Buy,Not Disclosed

We can see that CIMB has been pushing for a BUY on Genting every month from January to April when Genting has been falling for the past 4 months. The surge in Genting today maybe due to CIMB as it issues a BUY call again on Genting.

1 comment:

Eric Ho said...

Looks like the recent surge in Genting Shares is really an abberation as this counter has fallen from its recent high of $0.97.