Goh from UOBKH highlights MBS’ all-time high quarter for the 1QFY2024 which he says was well above pre-pandemic levels.
UOB Kay Hian (UOBKH) and Citi Singapore are upbeat on the gaming sector, following record high earnings, as major entertainment events help drive up tourism numbers.
UOBKH’s Jack Goh maintains “overweight” on the gaming sector with a “buy” on Genting Singapore (SGX:G13
) and a target price of $1.25. Meanwhile, Citi’s George Choi has a “buy” call on Las Vegas Sands with a higher target price of US$75 from US$74 previously, mainly reflecting the 5%-10% higher ebitda forecasts on Marina Bay Sands (MBS).
