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Hong Leong Investment Bank (HLIB) Research raised its target price for Genting Malaysia Bhd (GenM) to RM2.67 (from RM2.27) and upgraded its FY21 earnings forecast for the group by 12% to factor in the earlier-than-expected reopening of Resorts World Genting (RWG). The higher target price is still lower than GenM’s current stock price of RM2.75.
Shu-Jin was reported missing Tuesday. Family members are worried about her safety due to a possible language barrier.
Hong Leong Investment Bank (HLIB) Research has slashed its earnings forecasts for Dialog Group Bhd and cut its sum-of-parts-derived target price to RM3.45 from RM4.15, as it believes that the presence of strong engineering, procurement, construction and commissioning (EPCC) contributions is needed to provide stronger earnings.
Hong Leong Investment Bank (HLIB) Research has lowered its target price (TP) for Genting Malaysia Bhd (GenM) to RM2.27, from RM2.43, on the back of lower earnings forecasts to reflect a fall in visitorship following the temporary closure of its casinos resulting from the latest movement restriction sanctions imposed by the government of Malaysia and the UK to stem the spread of the Covid-19 pandemic.
THE gradual rise in oil prices has boosted the share prices of oil & gas (O&G) stocks of late as the market looks forward to the recovery theme. Notably, since early November, the FBM Energy Index has risen 45%. Most O&G stocks delivered positive returns during this period, except for Dialog Bhd (-3.5%), Favelle Favco Bhd (-3.9%) and Ocean Vantage Holdings Bhd (-2%). Refiners such as Hengyuan Refinery Company Bhd and Petron Malaysia Refining & Marketing Bhd were among the top gainers, surging 144.9% and 96.7% respectively. That said, analysts are of the view that the upside for O&G stocks is ...