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Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts

Michelle Zhu
Michelle Zhu2/22/2019 12:50 PM GMT+08  • 3 min read
Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts
SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28.  
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SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28.

This comes after GENS’s latest set of FY18 financials fell slightly short of, or came in at the lower-end of the first three research houses’ expectations as they did consensus estimates, even as the group’s full-year earnings grew 10% to $755.4 million from $685.6 million a year ago.

In a Friday report, Maybank analyst Yin Shao Yang says he has trimmed core net profit estimates by 8% per annum due to higher depreciation & amortisation (D&A) forecasts, as GENS’s FY18 earnings came in at the lower-end of expectations due to higher-than-expected D&A.

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