Genting Singapore shares up 4.2% at $1.25; in top volume list

SINGAPORE (Oct 26): Shares in Genting Singapore closed 4.2% or 5 cents higher at $1.25 on Thursday with 60.8 million units traded.

This makes the counter the fifth top volume stock on the Singapore Exchange after Jiutian Chemical, Swee Hong, Magnus Energy and Rowsley.

Research house CIMB had in the morning released a broker report maintaining the stock at “add” with a target price of $1.35. Analyst Cezzane See expects Genting Singapore to report 3Q17 adjusted EBITDA of $285.1 million in the upcoming 3Q17 results release scheduled for Nov 6.

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