GENS SP (Genting Singapore) - Bullish to 1.5

Genting Singapore Plc: Share Price Reflects Probable Foray Into Japan

Genting Berhad: GITP & Las Vegas Projects Offer Upside Potential To This Stable Stock

Genting Enjoys a Strong Position in Singapore's Gaming and Tourist Market.

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

We see stronger-than-ever signs of bottoming out for Genting Singapore in VIP rolling chip volume, mass and slot gaming revenue. We expect to see impact of cost saving measures implemented in the second quarter and bad debt provision reduction to come through in the next few quarters, which will lift the margins. Management also announced its first ever interim dividend to increase return of capital to shareholders.We think now is the right time for long-term investors to accumulate the shares. Our fair value estimate is unchanged at SGD 1.10 per share and the stock is undervalued in our view.Analyst: Chelsey Tam

We see stronger-than-ever signs of bottoming out for Genting Singapore in VIP rolling chip volume, mass and slot gaming revenue. We expect to see impact of cost saving measures implemented in the second quarter and bad debt provision reduction to come through in the next few quarters, which will lift the margins. Management also announced its first ever interim dividend to increase return of capital to shareholders.We think now is the right time for long-term investors to accumulate the shares. Our fair value estimate is unchanged at SGD 1.10 per share and the stock is undervalued in our view.Analyst: Chelsey Tam

Genting Singapore Is Turning Around; Time to Accumulate