Genting Singapore’s target price now ranges from S$.090 to S$0.95.<\/p>\n\n\n\n\n\n\n\n
Singapore.-\u00a0Research firm RHB<\/strong>\u00a0has raised its target price on Genting Singapore, citing improved post-pandemic recovery prospects and potential dividend yield. Its target price now ranges from S$0.90 to S$0.95, which is about 18 per cent higher than where it was trading on Friday.<\/p>\n\n\n\n RHB said: “We still like this company for its recovery from borders reopening and potential upside in dividends.”<\/p>\n\n\n\n It added: “The higher multiple reflects Genting\u2019s better and more certain prospects, as Singapore begins to treat Covid-19 as an endemic, reducing the probability of more future strict lockdowns.”<\/p>\n\n\n\n Vitaly Umansky<\/strong>, an analyst at Bernstein, has recently predicted that Genting Singapore<\/a> will report revenue and profit growth for the remainder of 2022 and into 2023 after Singapore reopened its borders to tourism<\/a> for fully vaccinated visitors on April 1.<\/p>\n\n\n\n Growth will, however, be limited as travel restrictions are expected to continue in China, which makes up about 30 per cent of the company\u2019s business. In 2021, the group\u2019s revenue improved marginally\u00a0<\/strong>to\u00a0S$1.067bn<\/strong>\u00a0from S$1.064bn in 2002. Net profit was up 165 per cent at S$183.3m (US$136.3m).<\/p>\n","protected":false},"excerpt":{"rendered":" Genting Singapore’s target price now ranges from S$.090 to S$0.95.<\/p>\n","protected":false},"author":176,"featured_media":25660,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"RHB has increased its target price for Genting Singapore to S$0.90-S$0.95, citing robust post-pandemic recovery prospects and potential dividend upside following Singapore's border reopening and treating COVID-19 as endemic. While analysts project revenue and profit growth for 2022-2023, the company's performance will be partially constrained by ongoing travel restrictions from China, a significant market segment.","focusai_entities":"Genting Singapore, RHB, Vitaly Umansky, Bernstein","focusai_location":"Singapore, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"China Travel Impact","query":"What is the projected impact of sustained China travel restrictions on Genting Singapore's GGR and NGR forecasts beyond 2023, and how might this influence its regional market share?"},{"label":"Dividend Policy Evolution","query":"How might Genting Singapore's capital allocation strategy, particularly regarding dividend policy and potential reinvestment into gaming verticals or non-gaming amenities, evolve given the improved cash flow from border reopenings?"}],"footnotes":""},"categories":[163,158,16333],"tags":[23687],"class_list":["post-28831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-slider-home","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28831"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28831\/revisions"}],"predecessor-version":[{"id":28838,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28831\/revisions\/28838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25660"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}