Today marks exactly one month since I posted a recommendation for Genting Malaysia Berhad here with a BUY call of Target Price at RM6.39 previously. GMB has recently been battered by negative news coming out of the UK in the form of a hung parliament and its 21st Century Fox Theme Park opening delay. Its share price has suffered a decline of 6.7% from 22 May 2017 to 21 June 2017, with a 1 month range of RM5.59 – RM6.20. The share price actually hit RM6.20 ( close to my TP of RM6.39 ) on 25 May 2017 ( a few days after I posted my recommendations ) but in my opinion, that is just coincidental. Analysts generally have been mixed with AMNB and UOBKayHian having a SELL call, and Kenanga, Affin Hwang and Public Bank having HOLD call, with only TA having a BUY call. I will still maintain my BUY call at TP RM6.39 for the moment awaiting more information on the UK political situation, and its projects in Genting Malaysia, but I want to note that its UK operations are about 20% of its revenue and thus, a major mover on Genting’s revenue stream. GMB is currently trading at RM5.59 with a P/E of 10.25.