Singapore Stock Market News
Genting Bhd - Potential Japan gaming liberalisation
StockFanatic
Publish date: Thu, 24 Oct 2013, 11:05 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
According to a foreign news daily, Japanese authority has started to initiate a plan to liberalise casinos, with an outline of proposed legislation allowing gambling resorts to be developed not only in big cities but also in regional areas.
If the casino bill is passed during the next legislative session, which begins in October 2014, Japan could open its first casino resorts as early as 2019. We are positive on the developments and expect buying interests to emerge in Genting Bhd. We maintain our Trading Buy recommendation with an unchanged TP of RM11.24.
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