Genting Plantations landbank a growth driver

MaybankIB Research noted that Genting Plantations owns about 16,900ha of freehold land in Peninsular Malaysia, which is worth more than the company’s market capitalisation.

PETALING JAYA: Genting Plantations Bhd’s valuable landbank offers good inflationary hedge over the long run, while its immense revalued net asset value (RNAV) will provide downside support, according to Maybank Investment Bank (MaybankIB) Research.

The brokerage noted that in Peninsular Malaysia, Genting Plantations owns 16,908ha of freehold land that is worth more than the company’s market capitalisation.