Genting Singapore rises 1.2% on heavy trading, after firm qualifies for Yokohama IR RFP

Maybank Kim Eng upgrades call on the stock from "hold" to "buy" and raises its target price to S$1.16 from S$0.86

Michelle Zhu

Published Thu, Jun 3, 2021 · 05:50 AM

Singapore

SHARES of Genting Singapore rose 1.2 per cent on Wednesday amid heavy trading, after the operator of Resorts World Sentosa was revealed to be one of two qualifying parties for the Yokohama integrated resort (IR) request for proposal (RFP).

The counter rose as high as 88 Singapore cents on Wednesday afternoon, before ending the day at 86.5 cents. Some 74 million shares changed hands, making it the fifth most traded stock on the Singapore Exchange by volume.

No married deals took place throughout the day, …