DBS Group Research is maintaining a “hold” rating and a target price of 80 cents on Genting Singapore (GENS) amid renovations for RWS 2.0, a major expansion and transformation project for Resorts World Sentosa (RWS). The group is set to spend about $6.8 billion on the upgrade, which is expected to open progressively through 2030.
Genting Singapore
Price target:
DBS Group Research ‘hold’ 80 cents
Renovation sets the stage for recovery
