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Comeback still a dream for Genting Hong Kong

Michelle Zhu
Michelle Zhu3/20/2017 12:18 PM GMT+08  • 2 min read
Comeback still a dream for Genting Hong Kong
SINGAPORE (March 20): UOB Kay Hian is maintaining its “hold” call on Genting Hong Kong with a target price of 28 US cents (39 cents) despite noting an improvement FY16 cruise operating statistics, on the belief that the stock’s share price will rema
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SINGAPORE (March 20): UOB Kay Hian is maintaining its “hold” call on Genting Hong Kong with a target price of 28 US cents (39 cents) despite noting an improvement FY16 cruise operating statistics, on the belief that the stock’s share price will remain stagnant until it achieves better earnings visibility.

The research house recommends an entry price of 24 US cents.

In a Monday note, lead analyst Vincent Khoo highlights that other losses, such as one-off expenses related to Genting HK’s yards, have widened for the group in 2016 – indicating uncertainty for the group’s earnings.

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