Genting Singapore Is an Appealing Defensive Option to Citi -- Market Talk

Dow Jones

2024-10-24

0825 GMT - Singapore's gaming market and Genting Singapore are appealing defensive investment options in volatile markets, Citi analysts write in a note. The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

October 24, 2024 04:25 ET (08:25 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. 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The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 24, 2024 04:25 ET (08:25 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ27511609.SGD","symbol_name":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477577138","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477577138","pubTimestamp":1729758300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0825 GMT - Singapore's gaming market and Genting Singapore are appealing defensive investment options in volatile markets, Citi analysts write in a note. The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. 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The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 24, 2024 04:25 ET (08:25 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}