SGX Stocks and Warrants
Genting Singapore - Lacks short-term catalysts
Genting Singapore; Hold; S$1.51
Price Target: S$1.64 (Prev S$1.42);
3Q13 results in line, strong growth in rolling chip cushioned weaker mass volume. Limited clarity on potential M&A; Japan gaming liberalisation likely delayed to 1Q14; Maintain HOLD, TP raised to S$1.64 in line with improvement in regional sector valuation.
Source: HwangDBS Research - 6 Nov 2013
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