bullish
Singapore Market Roundup (04-Feb-2025): CGSI keeps buy rating on Genting S'pore despite tourism outlook.
SUMMARY
- CGSI maintains buy rating on Genting Singapore despite slow tourism recovery, indicating confidence in long-term prospects.
- DBS and RHB lower CDLHT target price due to Singapore hotel oversupply, reflecting concerns about industry saturation.
- Market may be overreacting to Digital Core REIT's Linton Hall data centre, according to DBS, suggesting potential undervaluation.
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