Thursday, October 28, 2010

Genting HK

Genting HK: +2.2% at US$0.46. UOBK follows up on yday's rpt, upgrades target marginally to US$0.40 from US$0.39. Raises 2010-12E net profit forecasts by 1.5-3.5% driven by stronger NCL performance. Says NCL’s IPO positive but gains likely limited as GENHK has no plans to divest its 50% stake. Maintains Hold call.

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