Genting Singapore cut to sell at AmInvestment Bank

-A +A

KUALA LUMPUR (Aug 6): AmInvestment Bank analyst Gan Huey Ling downgraded the recommendation on Genting Singapore Ltd to sell from hold.

* Price target (PT) lowered to S$1.20 from S$1.28, implies 3.4% increase. Genting Singapore average PT is S$1.52.

* Genting Singapore had 18 buys, 4 holds, 0 sells previously: Bloomberg data

* Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from S$1.20 to S$1.83. 

Performance Metrics

* Investors who followed the analyst's recommendation would have received a negative 8.1 percent return in the past year, compared with the 6 percent return on the shares. 

* Genting Singapore reported earnings and sales that trailed estimates for the quarter on Aug 3.