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Genting rises on bargain hunting, Maybank upgrade

Mimi Sabreena 12:50:00 PM Informasi

KUALA LUMPUR (July 13): Genting Bhd rose as much as 18 sen or 2% on bargain hunting and after Maybank Investment Bank Bhd said the company was a cheaper proxy to its listed units.

Genting Bhd, which owns 49.32% of Genting Malaysia Bhd, also has a 52.84% stake in Genting Singapore PLC. Collectively, the Genting Group is a diversified entity, the businesses of which include hotel, casino and oil palm plantations.

At Bursa Malaysia, Genting Bhd shares rose to their highest so far today at RM9.30, for a market capitalisation of RM34.83 billion.

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