The logo of Genting Malaysia Berhad seen at Genting Highlands December 17, 2013. — Reuters pic
As such, even though the stock had dropped by about 40 per cent on a year-to-date basis with valuation metrics showing near or below the 1998 and 2008 crisis levels, the current share price is too cheap to ignore, it said. Meanwhile, the research house noted that Genting’s outdoor theme park remains on track to commence operations in the third quarter of this year, despite the movement control order.
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