0730 GMT - Prospects for Singapore's gambling sector remain upbeat for 2025, UOB Kay Hian's Jack Goh says in a research report, as the brokerage maintains an overweight rating on the industry. Positive catalysts include the increased momentum in tourist arrivals, a long pipeline of mega entertainment events and a sustained trend of higher spending per capita in Singapore, the analyst says. Genting Singapore is expected to follow in the footsteps of Marina Bay Sands by benefiting from higher tourist arrivals and consumption spending, thanks to 1Q being a seasonally festive period and school holidays, Goh adds. The brokerage has a buy rating and a target price of S$1.12 on Genting Singapore's shares, which is last 0.7% higher at S$0.74. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 03:30 ET (07:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。