Maybank Kim Eng analyst Yin Shao Yang has downgraded Genting Singapore to “hold” from “buy” with a lower target price of 92 cents from 95 cents previously.

While Genting Singapore’s 2HFY2020 and FY2020 earnings and dividends outperformed his expectations, they were largely due to non-recurring items.

See: Genting Singapore ends FY2020 in the black with earnings of $69.2 mil

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