Genting Singapore Is an Appealing Defensive Option to Citi -- Market Talk
Dow Jones10-24
0825 GMT - Singapore's gaming market and Genting Singapore are appealing defensive investment options in volatile markets, Citi analysts write in a note. The integrated-resorts operator is expected to be a major beneficiary of the visa-free arrangement between Singapore and China, Citi says. Genting Singapore could also benefit from the city-state's solid event lineup, including concerts, it adds. Citi maintains Genting Singapore's buy rating and target price of S$1.14. Shares are 0.6% lower at S$0.83. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 24, 2024 04:25 ET (08:25 GMT)
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