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Revisions

Stand pat on gaming sector amid improving hand

Broker's Calls

Stand pat on gaming sector amid improving hand

Jude Chan Published on Tue, Jan 31, 2017 / 1:17 PM GMT+8

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SINGAPORE (Jan 31): UOB Kay Hian has downgraded the gaming sector to “market weight” after its recent share price run-up on the back of positive newsflow.

According to UOB lead analyst Vincent Khoo, Genting Singapore has seen a run-up of 28% on the back of an unexpectedly strong showing in 3Q as well as a surprising interim dividend announcement.

(See Genting Singapore’s 3Q earnings more than quadruple to $107 mil)

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