Genting Singapore (G13.SG) off 0.6% at $1.81, succumbing to light profit-taking after yesterday’s multi-year high of $1.82, says Dow Jones.
Modest volume indicates underlying demand still intact, with 10-day moving average, last at $1.75, expected as support. “Although GENS has already performed very well, upside on market size expectations (for Resorts World Sentosa) and further re-rating can drive further upside in our view,” says UBS, which has Buy call with $2.02 target.
