Singapore Stock Market News
Genting Singapore - Solid Japan IR contender
StockFanatic
Publish date: Mon, 30 Jul 2018, 12:35 PM
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Genting Singapore (GENS), in our view, stands a good chance in winning one of the IRs in Japan. The bill to implement an IR was approved at the upper house plenary on 20-Jul-18, bringing GENS closer to the long awaited IR catalyst. We find many similarities between Singapore and Japan gaming bill which could make both Singapore IR operators, Las Vegas Sands and GENS a front runner. Coupled by the turnaround in Singapore operations, we thus believe the risk reward justifies our Buy rating. Read More
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