SGX Stocks and Warrants
Genting Singapore - Hedging exposure to Korea
Genting Singapore; Buy; S$1.39
Price target: S$1.75; GENS:SP
Foray into Korea to gain foothold in North Asia, hedging for potential gaming liberalisation. Potential catalysts from strong earnings
recovery and Japan’s gaming liberalisation (GENS seen as frontrunner). Reiterate BUY and S$1.75 TP.
Source: HwangDBS Research - 10 Feb 2014
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