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4 odds that make Genting a risky bet

Michelle Zhu
Michelle Zhu11/28/2016 01:23 PM GMT+08  • 2 min read
4 odds that make Genting a risky bet
SINGAPORE (Nov 28): OCBC Investment Research is reiterating its “sell” call on casino operator Genting Singapore with a fair value of 75 cents, in light of the current economic policy uncertainties faced by Japan.
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SINGAPORE (Nov 28): OCBC Investment Research is reiterating its “sell” call on casino operator Genting Singapore with a fair value of 75 cents, in light of the current economic policy uncertainties faced by Japan.

In a Monday report, lead analyst Deborah Ong notes how Genting’s stock price shot up 10% since OCBC’s last report on Nov 14, which the research house attributes to increased interest in the potential passing of Japan’s casino bill to legalise gaming.

She strongly advises investors to remain cautious while trading the stock considering the following gambles regarding the potential casino bill:

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