- We lift our FY23-25 earnings estimates for Genting Singapore (SGX:G13) by 18%-20% and DCF-based target price for Genting Singapore by 23%. With 15% upside from the current Genting Singapore's share price, we upgrade Genting Singapore to BUY from HOLD.
- - Read this at SGinvestors.io -
- Also, seat capacity from China to Singapore suggests that Chinese visitorship could recover to pre-COVID levels by year-end.
Singapore mass market above pre-COVID levels
- - Read this at SGinvestors.io -
- In theory, this should not have happened because Chinese visitors only returned to Singapore from 8 Jan 2023.
- We gather that this is due to Singapore’s booming property prices which created a lot of wealth and drove Singaporeans’ propensity to gamble.
It could go even higher like Las Vegas…
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Yin Shao Yang Maybank Research | https://www.maybank-ke.com.sg/ 2023-03-20
Read also Maybank's most recent report:
2024-11-08 Genting Singapore - Was Not A Great Quarter But Still Deep In Value.
Previous report by Maybank:
2024-08-15 Genting Singapore - Sequentially Weaker But Was Expected.
Price targets by 3 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
