|Day's Range||1.145 - 1.160|
|52 Week Range||0.685 - 1.165|
|PE Ratio (TTM)||32.08|
|Dividend & Yield||0.02 (2.58%)|
|1y Target Est||N/A|
A strong first quarter result from casino operator Genting Singapore (G13.SG) has seen the stock added to the growth portion of DBS Vickers' model portfolio. Genting reported a strong set of results, with a 47% y-o-y rise in adjusted EBITDA to S$283m in first quarter 2017. Consumer discretionary stocks tend to outperform during the early expansion phase of an economic recovery.
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Casino operator Genting Singapore (G13.SG) has scored a 14% target price increase from Maybank Kim Eng on hopes of a revival in mass market revenues and increased VIP revenues. The broker says there is a strong correlation between Macau VIP gross gaming revenue (GGR) and Singapore VIP volumes, so the first quarter rebound in Macau should see Genting Singapore's Resorts World Sentosa (RWS) report an increase in VIP volumes. Genting Singapore will report its first quarter results on May 12, with the broker forecasting earnings before interest, tax, depreciation and amortization of SGD250 million.