Maybank share price

Maybank IB Raises Genting's Target Price on TauRx Bet

Exciting news for Genting Bhd as Maybank IB hints at potential target price raise due to TauRx bet. Find out more!

Maybank Investment Bank (IB) is stirring up excitement in the market with discussions about Genting Bhd's target price. In a recent note, Maybank IB hinted at a potential increase in the target price for Genting Bhd, attributing it to a TauRx bet. Describing it as the "last calls for bets," the note has sparked interest among investors looking to capitalize on this development.

Furthermore, Maybank's Investment Banking Group has labeled Genting Bhd as an undervalued gem, touting it as a strong "Buy" opportunity. Despite a lackluster year in share price performance, Genting Bhd's strong earnings recovery has not gone unnoticed. With the issuance of an enticing "blue sky" rating, investors are urged to consider the potential of this Malaysian gaming giant.

Although Genting Bhd experienced a sluggish share price performance, its earnings recovery paints a different picture. The company's increased visitor numbers have contributed to a positive financial outlook, indicating a promising trajectory. Despite the lag in share performance, the underlying strength of Genting Bhd's operations continues to shine through.

In the financial realm, Genting Bhd's story is one of resilience and potential. As Maybank IB's insights shed light on the company's value proposition, investors are poised to seize opportunities and ride the wave of Genting Bhd's evolving narrative. Stay tuned for further updates on this dynamic market movement!