Tuesday, March 29, 2011

Genting Singapore rated 'reduce' by Nomura

Stock Name: Genting SP
Company Name: GENTING SINGAPORE PLC
Research House: Nomura

Nomura Research in a Mar 28 research report says: "Following the recent pullback post its 4Q earnings, GENS' share price has staged a mild recovery, mainly tracking the strong recovery in the share prices of global gaming companies. With earnings unlikely to surprise going forward, we see its share price trapped in a narrow trading range.

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