UOB Kay Hian Research analysts have named Genting Singapore as their top sector pick for 2023, citing significant upside from the return of Chinese visitors to its Singapore IR, Resorts World Sentosa, in the months ahead.
Genting Malaysia and fellow Malaysian-based gaming firm RGB International Bhd have also been named as attractive buys, placing them ahead of Macau stocks which have by now already factored in some short-term recovery.
According to a note issued by UOB Kay Hian Research after mainland China, Macau and Hong Kong effectively dropped almost all remaining border restrictions on Sunday, Genting Singapore stands out because of its historical reliance on Chinese visitation.
