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Brokers’ take: Genting Singapore expected to recover in quarters to come

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Michelle Zhu

Michelle Zhu

Published Fri, May 13, 2022 · 01:50 PM
    • DBS has reiterated its “buy” call on the stock with an unchanged price target of S$1. 
    • DBS has reiterated its “buy” call on the stock with an unchanged price target of S$1.  PHOTO: BT FILE

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    ANALYSTS of DBS and Maybank Securities believe Genting Singapore is set to perform gradually better over the next few financial quarters given how countries, including Singapore, Malaysia and Thailand, recently reopened their borders and eased restrictions. 

    In a report on Friday (May 13), DBS analyst Jason Sum noted how the integrated resort operator’s strong performance over the past few quarters demonstrated the resilience of domestic gaming demand.

    He expressed confidence in the group’s ability to achieve core Ebitda (earnings before interest, taxes, depreciation and amortisation) of at least S$75 million to S$100 million in the absence of tourists.

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