Japan expansion

Japan expansion, upgrade of Resorts World Sentosa keep Genting at 'buy' by RHB

SINGAPORE (Jan 16): RHB Reserch is maintaining its “buy” call on Genting Singapore with a target price of $1.23.

In a Wednesday report, RHB says, “We like Genting Singapore for its potential expansion into the Japan market and the upcoming reinvestment into Resorts World Sentosa (RWS), with more news flow expected in FY19.”

In 3Q18, the group reported a 46% increase in earnings to $210.4 million, which was resulted from its strategy to loosen the tap for VIP customers.

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