Genting Singapore Appears to Be on Track For Earnings Growth; Genting Down 2% Today

Dow Jones
02-25

Genting Singapore appears to be on track to deliver meaningful earnings growth, says UOB Kay Hian analyst Jack Goh in a note.

The integrated-resort operator would be opening several non-gaming attractions throughout this year, Goh writes.

The construction works on the Singapore Oceanarium and a super luxury all-suite hotel are progressing well and will be opening in 3Q, he says.

The brokerage also remains upbeat on higher regional tourist arrivals and consumption levels. UOB KH maintains the stock's buy rating and target price of S$1.12.

Genting Singapore down 2% at 12 am, Feb 25th.

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