- Strong rebound in visitor arrivals.
- China’s reopening could provide further boost to earnings for Genting Singapore.
- But optimism may have largely priced in.
Visitor arrivals to Singapore recovered to 33% of pre-COVID levels in 2022
- - Read this at SGinvestors.io -
- While visitation from China remained subdued at 2% in 4Q22 and full-year 2022, we see the earlier-than-expected reopening in China as a positive to Genting Singapore (SGX:G13) which could see a faster-than-expected recovery in 2023.
MBS reported record mass gaming and retail revenue in 4Q22
- - Read this at SGinvestors.io -
Fair value estimate of S$1.06
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Chu Peng OCBC Investment Research | https://www.iocbc.com/ 2023-01-30
Read also OCBC's most recent report:
2024-02-27 Genting Singapore - A Miss In 2H23.
Previous report by OCBC:
2023-11-14 Genting Singapore - Another Strong Quarter.
Price targets by 4 other brokers at Genting Singapore Target Prices.
Listing of research reports at Genting Singapore Analyst Reports.
Relevant links:
Genting Singapore Share Price History,
Genting Singapore Announcements,
Genting Singapore Dividends & Corporate Actions,
Genting Singapore News Articles
