Genting Singapore share price discount unwarranted given it's on better footing now, says CIMB
06 Apr 2018, 12:36 pm
SINGAPORE (April 6): CIMB says the market has overly discounted Genting Singapore despite its improved margins and balance sheet prowess.
Genting Singapore's share price last traded at 1 s.d. below historical mean in FY15 when gaming revenues fell 21% y-o-y with S$270.7 million in trade receivable impairments and EBITDA margin was 34%.
But the casino operator is on better footing now that Singapore's VIP and mass market gaming environment have improved, says analyst Cezzane See in a Thursday report... (Click here to read the full story)
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