Brokers' take

Genting Singapore | Buy

Target price: S$1.15

Nov 24 close: S$0.955

DBS Group Research, Nov 24

BASED on our analysis of Genting's cash flow generation and net cash of about S$3.7 billion, balanced against the redemption of its perpetual securities and potential bid for a Japanese casino, we estimate that Genting Singapore has the ability to increase its dividend (DPS) to six Singapore cents per annum up (translating to a 6.3 per cent yield) from our FY15F DPS three Singapore cents. We believe the positive market response followin…