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Genting Singapore a bet on earnings recovery, higher dividends

Benjamin Cher
Benjamin Cher11/24/2016 12:37 PM GMT+08  • 2 min read
Genting Singapore a bet on earnings recovery, higher dividends
SINGAPORE (Nov 24): DBS Group Research is reiterating its “buy” call for Genting Singapore with a higher target price of $1.15, citing earnings recovery and potential doubling of dividends.
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SINGAPORE (Nov 24): DBS Group Research is reiterating its “buy” call for Genting Singapore with a higher target price of $1.15, citing earnings recovery and potential doubling of dividends.

Analyst Mervin Song notes that the company has the ability to increase its FY16 dividend to 6 cents per share, up from FY15’s 3 cents per share.

This is due to its cash generation and net cash position, even with the redemption of its perpetual securities and potential bid for a Japanese casino.

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