$GENP / 2291 (GENTING PLANTATIONS BERHAD)
Research by MIDF
Maintain NEUTRAL– TP RM6.10

" Land Acquisition in Sentul City Township"

Maintain NEUTRAL. We maintain our earnings forecast for FY24F/25F/26F and NEUTRAL call with an unchanged TP of RM6.10, derived from PER of 19.4x (nearly 5y average historical mean) pegging FY24F EPS of 31.4sen at this juncture pending from more clarity of the projects from the management

Analyst:
MIDF RESEARCH
research@midf.com.my