Stock Name: GENTING
Company Name: GENTING BHD
Research House: GOLMAN SACHS
Genting Bhd was lowered to "neutral" from "buy" and Genting Singapore Plc was cut to "sell" from "neutral" at Goldman Sachs Group Inc.
The brokerage cited rising regulatory risk for the Singapore unit as the government is becoming concerned before the general election about gambling by citizens.
The brokerage raised Genting Bhd's share-price estimate to RM11.70 from RM10.50 and Genting Singapore's price estimate to S$1.73 from S $1.50, according to the report by David Ng, analyst at Goldman Sachs. -- Bloomberg
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