CGS-CIMB Research analyst Tay Wee Kuang has kept “add” on Genting Singapore with the same target price of 95 cents as its plans to build an integrated resort (IR) in Yokohama, Japan, fall through.

The current target price is pegged at 9.5 times of FY2022 EV/EBITDA.

See also: Anti-IR candidate to be new Yokohama mayor; Maybank Kim Eng downgrades Genting Singapore

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