SINGAPORE (May 4): DBS Group Research is downgrading Genting Singapore to "hold". This comes after slashing EBITDA figures for the casino and hotel operator due to the brokerage's expectations of a longer J-shaped recovery, attributable to a larger drop in tourist arrivals, extended social distancing measures, and a sharper contraction in Singapore's economy. That said, Genting Singapore still enjoys an attractive valuation and relatively strong performance compared to its regional peers. 

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