Genting Singapore upgraded to buy at Maybank

Genting Singapore’s shares have been upgraded to buy by analysts at Maybank on expectations of recovery as Covid-19 restrictions are eased and the resort can increase capacity.

Genting will be able to increase its operating capacity to 65 percent from 50 percent. The casino is also now open to all guests and not just members, therefore Q4 earnings should be stronger quarter-on-quarter, the firm said.