In a July 22 note, Khoo and Goh are maintaining “buy” on Genting Singapore, which owns RWS, with a target price of $1.08.
UOB Kay Hian Research analysts Vincent Khoo and Jack Goh are maintaining “overweight” on the gaming sector in Singapore, with Marina Bay Sands (MBS) delivering a lacklustre quarter yet again and Resorts World Sentosa (RWS) expecting a “similarly dull” outlook.
“While we remain confident that Singapore’s casinos are poised for a better recovery in 2H2021, near-term sentiment in the sector will be impacted by the Covid-19 outbreak identified at MBS in July,” write Khoo and Goh.
