Genting Singapore upgraded to “buy” at Maybank on Yokohama hopes

Genting Singapore stock has been upgraded to “buy” by analysts at Maybank on expectations it will win a license in Yokohama, Japan.

The group is one of only two final contenders, along with Macau’s Melco Resorts & Entertainment.

Maybank has up its target price to S$1.16 from $0.86. It says at present none of the potential value from an IR in Yokohama has been priced in.