Monday, May 16, 2016

Affin Hwang Capital Daily Insight (LV) - 16 May 2016 - GENT / ECONOMY - GDP

Top Calls

Company Update Genting (HOLD, maintain)

- More bad debts in Singapore

GENS
s 1Q16 results were below our expectations. Gaming volumes showed positive sequential improvement but higher bad debts weighed down on earnings. Bad debts provisioning may stay elevated due to tighter credit policy. Maintain HOLD rating on GENT.


Other Calls

Economy GDP & BOP 1Q16

- Real GDP growth slowed to 4.2% yoy in 1Q16



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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