Genting Singapore leads in earnings growth and ROE; turns around in 3Q despite Covid-19

Genting Singapore has chalked up steady growth over the period under evaluation, to become not just winner in the growth in PAT (profit after tax) and weighted ROE (return on equity) categories. The operator of Resorts World Sentosa (RWS) has also been named the overall sector winner for cyclical consumer products and cyclical consumer services.

The company, part of the Malaysia-based Genting Group, has been running RWS for just over a decade. In the last few years, its bottomline has been boosted by strong gaming revenue, and the company balance sheet is well buttressed by its cash hoard.

In FY2016, it reported earnings of $384.5 million. The number increased subsequently to $685.6 million for FY2017, $755.4 million for FY2018 and $688.6 million for the most recent FY2019. Over the evaluation period, it saw a CAGR of 18.9%, which is the third highest among the top 10 overall winners across all nine Billion Dollar Club sectors. The highest CAGR for profit after tax was by CapitaLand at 23.7% and Venture Corporation at 23.1%.

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