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Marina Bay Sands' 4Q numbers likely troughed, inspires Maybank to call "hold" on Genting Singapore

The Edge Singapore
The Edge Singapore 1/27/2022 11:5 AM GMT+08  • 2 min read
Marina Bay Sands' 4Q numbers likely troughed, inspires Maybank to call "hold" on Genting Singapore
Genting Singapore is likely to go ahead with its $4.5 billion expansion plan
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Maybank Securities analyst Yin Shao Yang has kept his “hold” call on Genting Singapore, on expectations that rival Marina Bay Sands’ recently reported quarterly numbers is a “good portent” that Genting Singapore’s own earnings, yet to be reported, have troughed.

In his Jan 27 report, Yin notes that MBS has reported improved q-o-q numbers, despite higher numbers of new Covid-19 cases.

“By extension, we hope Genting Singapore will report similar trends in its upcoming 4Q21 results on 17 Feb 2022,” says Yin, who has a price target of 83 cents on the stock. He does not have a call on Las Vegas Sands, the US-listed parent company of MBS.

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