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VIRUS OUTBREAK

Genting's earnings to take hit, but analysts bet on bright side

They cite aid and relief packages at next week's Budget; company's net cash position; and bid for Osaka IR licence

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Genting is taking the opportunity to focus on the refurbishment of its hotel rooms and attractions.

Singapore

WHILE the Covid-19 outbreak will have a negative impact on Q1 earnings for Genting Singapore, with research houses lowering FY2020 forecasts by 10-20 per cent, analysts are recommending investors add positions in the casino operator as valuations are attractive.

In a...