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Maybank Kim Eng keeps Genting Singapore at 'buy', following strong numbers from MBS

The Edge Singapore
The Edge Singapore1/29/2021 09:27 AM GMT+08  • 2 min read
Maybank Kim Eng keeps Genting Singapore at 'buy', following strong numbers from MBS
According to Las Vegas Sands Corp, MBS’s 4Q operating profit was up 106% q-o-q to US$144 million.
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Maybank Kim Eng’s Yin Shao Yang is keeping his “buy” call and 95 cents target price on Genting Singapore, following 4QFY2020 earnings reported by Las Vegas Sands Corp.

Marina Bay Sands, owned by the US casino operator, was able to double its operating profit between 4Q and 3QFY2020, as mass-market gamblers returned.

“We gather that Genting Singapore’s Resorts World Sentosa will exhibit similar trends when it releases its 4Q20 results on 9 Feb 2021,” writes Yin in his Jan 28 note.

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