Genting Singapore held at 'outperform' with lower target price of $1.55 by Credit Suisse

Stock Name: Genting Sing
Company Name: GENTING SINGAPORE PLC

Research House: Credit Suisse

Price Call: BUY

Target Price: 1.55

SINGAPORE (Nov 12): Credit Suisse is maintaining its "outperform" call on Genting Singapore with a lower target price of $1.55.

In its research note on Nov 12, analyst Foong Wei Loke sees progress in Japan's gaming bill and potential upside from new capacity in Genting Singapore's new Jurong hotel as potential share price catalysts.

Foong said there is unlikely to be sufficient time in the current DIET session to pass the gaming bill so Genting Singapore can only expect a favourable decision within 1H15.