Home News Broker's Calls

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

Atiqah Mokhtar
Atiqah Mokhtar5/20/2021 04:53 PM GMT+08  • 2 min read
Genting Singapore has 'good chance' of winning Yokohama integrated resort: Maybank Kim Eng
Maybank Kim Eng says the Yokohama IR could potentially generate gross gaming revenue of US$7 bil annually.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Maybank Kim Eng analyst Yin Shao Yang believes that Genting Singapore has a “good chance” of winning the license for the Yokohoma integrated resort (IR), which is current going through the request for proposal (RFP) process.

Yin says the Yokohama IR could potentially generate gross gaming revenue of US$7 billion ($9.3 billion) annually, comprising US$5.8 billion from locals and $1.2 billion from tourists.

“We estimate that the Yokohama IR will generate US$2.7 billion in net profit per annum and is worth US$5.4 billion, which translates into substantial earnings and valuation upside for Genting Singapore,” Yin aadds in a May 19 research note.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now