Here are some key highlights from the 2Q19 Genting Singapore Results Briefing:
Despite the better than expected results management was very cautious. Stock is more a wait and see from our perspective. Revenue growth has hit maturity apart from the volatile luck factor. If cheap enough, the stock is worth considering. Using dividend yield could be the entry point. The company has strong enough balance sheet to support current dividends and there is under-priced optionality in securing a Japan casino license.
# Phillip Securities Research does not have any research coverage or recommendation on Genting Singapore.