HomeNews listOBJECTIVE PRESSGenting Singapore – Maybank Research 2022-05-13: Not A Bad Start To FY22

Genting Singapore – Maybank Research 2022-05-13: Not A Bad Start To FY22

  • May 14, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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GENTING SINGAPORE LIMITED (SGX:G13) | SGinvestors.io
GENTING SINGAPORE LIMITED (SGX:G13)

Genting Singapore – Not A Bad Start To FY22

Maintain HOLD call with lower target price of S$0.83 (-3%)

  • Genting Singapore (SGX:G13)‘s 1Q22 results were below our expectations. That said, we gather that it was due more to non-cash depreciation. More importantly, EBITDA was within our expectations.
  • Going forward, Singapore’s reopened borders ought to translate into better future quarterly earnings. Thus, we maintain our earnings estimates for Genting Singapore. Yet, we are wary that long term earnings will be stifled by Thailand which is mulling integrated resorts.

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Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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