SGX Stocks and Warrants

Genting Singapore: Maintain Buy - Greetings, junkets!

kimeng
Publish date: Mon, 26 Mar 2012, 09:59 AM
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Genting Singapore: Maintain Buy Greetings, junkets!

Some good news for a change. Two junket licences have been awarded for operation at the Resorts World Sentosa (RWS) only. Our rudimentary calculations indicate that they may bolster Genting Singapore's (GENS) earnings by 18-26%. We leave our earnings estimates unchanged for now but the licences are definitely a positive development. Maintain Buy and DCF-based target price of $2.10.

Source: Maybank-KimEng Research 26 March 2012

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