Maybank maintains sell rating on Genting Singapore

    Maybank Kim Eng says it’s maintaining its sell rating on Genting Singapore with a price target of $1.31 after weakness in rival Marina Bay Sands’ Q4 results. The firm says that assuming Resorts World Sentosa commands a 47% to 48% share of VIP volume, Genting Singapore is likely to report Q4 VIP volumes fell 17 percent to S$16 billion.