$GENTING SINGAPORE LIMITED(G13.SI)$ may benefit from positive visitation trends to Singapore, especially after the further relaxed quarantine rules for tourists, Citi analysts say in a note. After the solid Ebidta recovery from Genting Singapore's rival casino Marina Bay Sands in 1Q, Citi is confident of a similar performance at Genting Singapore's Resorts World Sentosa property. All vaccinated travelers are now allowed to enter Singapore quarantine-free, which could further support the casino operator's earnings, it adds. The bank keeps its buy call and target price of S$1.01 on Genting Singapore's stock.
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