Brokers' take
Genting Singapore | Buy Target price: S$1.17 Feb 23 close: S$1.03 OCBC Investment Research, Feb 23
WE are encouraged by the reduction in impairment of receivables relating to VIP gaming since the group calibrated its credit policies and commission structure. Furthermore, we highlight management's optimism on delivering sustainable earnings growth and their marketing focus on growing regional premium mass business.
Investors should also note that the group's disposal of its 50 per cent equity interest in an associate, Landing Jeju Development, in January 2017 will likel…
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