On the other hand, it seems that Genting Singapore is showing some improvement as the economy is reopening, as net profit after tax (NPAT) for 1QFY2022 ended March came in 17% higher y-o-y at $40.4 million, while revenue grew by 13% y-o-y to $314.5 million
Maybank Securities is keeping its “hold” call on Genting Singapore with a lowered target price of 83 cents.
In a May 13 report, analyst Yin Shao Yang has trimmed the target price by about 3% as he is wary that long-term earnings will be stifled by Thailand, which is mulling legalising integrated resorts (IR).
