“By extension, we hope Genting Singapore will report similar trends in its upcoming 4Q21 results on 17 Feb 2022,” says Yin, who has a price target of 83 cents on the stock. He does not have a call on Las Vegas Sands, the US-listed parent company of MBS.
Maybank Securities analyst Yin Shao Yang has kept his “hold” call on Genting Singapore, on expectations that rival Marina Bay Sands’ recently reported quarterly numbers is a “good portent” that Genting Singapore’s own earnings, yet to be reported, have troughed.
In his Jan 27 report, Yin notes that MBS has reported improved q-o-q numbers, despite higher numbers of new Covid-19 cases.
