SI RESEARCH: GENTING SINGAPORE – IRRATIONAL SELL-OFF OPENS OPPORTUNITY
by Don Low
Higher taxes coming in 2022 and capex peaking around 2023.
RWS expansion will result in an addition of 164,000 square metre (sqm) – a 50 percent increase – of new gross floor area (GFA) for leisure and entertainment space.
The developments would include expansion of the acclaimed Universal Studios Singapore, the expansion and re-branding of SEA Aquarium to Singapore Oceanarium, the expansion of MICE (Meetings, Incentives, Conferences and Exhibitions) facilities and the addition of up to 1,100 new hotel rooms.
Distribution of the $420 million in dividends.
Current valuation at 14 times PE and 4% yield.
Source: Aspire
http://aspire.sharesinv.com/61306/si-re ... portunity/