Genting Singapore

Although Genting Singapore is likely to be hit by the Covid-19 virus, market watchers agree that the counter is set for a solid turnaround in 2HFY2020.

Despite the higher earnings in 4QFY2019, the group’s full-year earnings came in at $688.6 million, representing a 9% decline from FY2018’s earnings of $755.4 million.

The way UOB lead analyst Vincent Khoo sees it, Genting Singapore has to brace itself for steep falls in both its earnings and share price, similar to the SARS and H1N1 outbreaks in 2003 and 2009 respectively.

 

Genting Singapore has won overwhelming approval from shareholders to spend up to US$10 billion to invest in a possible new project in Japan. The integrated resort operator has also reiterated that if it wins the project, funding will

SINGAPORE (Dec 23): RHB Group Research is staying “neutral” on the consumer and gaming sector and expects earnings in the sector to remain resilient in 2020.

SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represent

See: Genting Singapore posts 24% drop in 3Q earnings to $159 mil on lower gaming revenue

SINGAPORE (Nov 7): Genting Singapore (GENS) reported earnings of $158.9 million for 3Q19 ended September, some 24% lower than $210.4 million a year ago. 

SINGAPORE (Sept 16): Genting Singapore, operator of Resorts World Sentosa (RWS), has emerged the winner of the agriculture, hotels and restaurants sector. Companies in these three industries have been combined into a single sector, as there are not enough