SGX Stocks and Warrants
Genting Singapore - Turning around soon
Genting Singapore; Hold; S$1.24
Price target: RM1.25 (Prev: RM1.45); GENS SP
Results below expectations, VIP & local mass segments still soft. Earnings should rebound from 4Q12 onwards, Western Zone completing to target new markets. Cut 2012-14E earnings by 14-20%; Maintain Hold but slash TP to S$1.25 (from S$1.45).
Source: HwangDBS Research - 14 Nov 2012
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