$GENTING / 3182 (GENTING BERHAD)
Research by CGS
Add - TP RM6.65

"Low valuations signal Add opportunity"

■ 2Q24 results were within expectations; interim dividend of 6 sen declared.
■ While RWLV AML is an overhang, the stock is trading at just 10x FY25F P/E.
■ Reiterate Add but cutting FY24F-25F EPS and TP to RM6.65.

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com
LEW Cheng Wei
chengwei.lew@cgsi.com