Negative Assessment On Genting Spore Share Price

Posted: August 9, 2013 in Uncategorized

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Media extract
9 Aug 2013 

Commentary by:  Professional Ground experts panel

Target Price – S$1.08 !

The local newspaper’s equity market analyst has placed Genting Singapore share target  price as low as S$1.08

Apparently, there isn’t any positive signal that could indicate a push in the stock counter.

Our assessment is that, due to Genting Singapore’s inherent weaknesses in casino floor management and poor junket network, it is rather difficult to growth its gaming revenue pie in the next few quarters. So, year 2013 for Genting Singapore is basically a flat year. 2nd half (of the year) we can expect even worse performance, coupled with increase in casino credits with greater  risk exposure.

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