Genting Singapore’s S. Korea plans cheer investors

    Published in: Latest IntelligenceGenting Singapore’s S. Korea plans cheer investors Investors gave a warm reaction to Genting Singapore’s (GENS.SP) plans to team up with Hong Kong-listed mainland property group Landing International Development (582.HK) to build a $2.2 billion luxury casino in South Korea, sending the company’s shares up 4.1 percent over the week.Genting Singapore, which has a market value of SG$17.1 billion ($13.5 billion) and operates the Resorts World Sentosa casino, closed Wednesday at S$1.4, while its sister firm Genting Malaysia (GENM.MK) rose 1.2 percent over the week.Genting Singapore is trading in a 52-week range of SG$1.29 to SG$1.64, while Genting Malaysia’s 52-week range is MY$3.35 – MY$4.55. TickerName Px52w H52w LGENM MKGENTING MALAYSIAMYR4.344.553.35GENS SPGENTING SINGAPORSGD1.41.641.29 Analysts also gave a thumbs up to the joint venture project on South Korea’s Jeju Island, with Nomura upgrading Genting Singapore to a “buy” rating, saying the Singapore-listed operator has a good likelihood of successfully executing...

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