Stock Name: Genting Sing
Company Name: GENTING SINGAPORE PLC
Company Name: GENTING SINGAPORE PLC
| Research House: MacQuarie | Price Call: SELL | Target Price: 1.00 |
Macquarie downgrades Genting Singapore to “underperform” from “outperform” and cuts its price target to $1.00 from $1.65.
“We believe investors are clinging on to Genting Singapore in hope. Hope of it somehow navigating through a mature Singapore gaming market and improve its returns. Hope of it investing all its cash into a lucrative overseas project and create value,” say Macquarie analysts Somesh Kumar Agarwal and Ken Ang in a note.
No comments:
Post a Comment