Maybank Kim Eng analyst Yin Shao Yang has upgraded Genting Singapore to “buy” from “hold” as the group has qualified for its request-for-proposal (RFP) process with regard to Yokohama’s search for a partner for its integrated resort.

See: Genting Singapore has 'good chance' of winning Yokohama integrated resort: Maybank Kim Eng

Yokohama, on May 31, announced that two groups qualified, one of them being the joint venture (JV) by Genting Singapore and Sega Sammy. The other group is headed by Melco Resorts and Entertainment.

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