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It’s a smooth ride ahead in FY2022 for Genting Singapore

Samantha Chiew
Samantha Chiew5/18/2022 04:00 PM GMT+08  • 2 min read
It’s a smooth ride ahead in FY2022 for Genting Singapore
Photo: The Edge Singapore/ Albert Chua
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Maybank Securities is keeping its “hold” call on Genting Singapore with a lowered target price of 83 cents.

In a May 13 report, analyst Yin Shao Yang has trimmed the target price by about 3% as he is wary that long-term earnings will be stifled by Thailand, which is mulling legalising integrated resorts (IR).

On the other hand, it seems that Genting Singapore is showing some improvement as the economy is reopening, as net profit after tax (NPAT) for 1QFY2022 ended March came in 17% higher y-o-y at $40.4 million, while revenue grew by 13% y-o-y to $314.5 million

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