$GENP / 2291 (GENTING PLANTATIONS BERHAD)
Research by CGS
ADD – TP RM6.62

" Proposed land acquisition in Indonesia"

■ GENP is expanding its Indonesia property exposure, which currently consists
of 9ha in Sentul City and the upcoming Jakarta Premium Outlet.
■ It will acquire 2 parcels of land at what we believe is an attractive price
compared to its previous purchase in Sentul City.
■ We maintain our estimates and target price. This note marks the transfer of
coverage of GENP to Jacquelyn Yow.

Analyst:
Jacquelyn YOW
jacquelyn.yow@cgsi.com