Genting SP

Genting SP: BOA Merrill Lynch note that share price broke out of $2.20 on strong vol. Add that stock closed at $2.21 last trading section on Thur with high volume. Main driver is qtrly result due in 2 weeks, which house expect it to be likely solid, with main kicker on talk that Casino Regulator soon may approve junket operation after General Election taking place on 7 MAY, which may bring on another round of earning upgrades / rerating. House remains a buyer with $2.60 TP.