Genting Singapore

Investing ideas

Which REIT will benefit from the transformation of Greater Southern Waterfront?

SINGAPORE (Aug 20): Singapore is pushing up its plans to transform the Greater Southern Waterfront (GSW) into the next trendy place to live, work and play.

Investing ideas

Lady Luck smiles on Genting Singapore in 2Q but will it be enough to turn the tables?

SINGAPORE (Aug 6): Genting Singapore (GENS) did not disappoint consensus estimates in the 2Q19 ended June. But it remains to be seen how the integrated resort and casino operator will deal with a challenging mass market business, which saw a considerable

Results

Genting posts 5% drop in 2Q earnings to $168.4 mil despite higher revenue

SINGAPORE (Aug 2): Genting Singapore (GENS) saw its earnings fall 5% to $168.4 million for the 2Q19 ended June, from $177.6 million a year ago, on the back of lower other income and higher expenses.

Markets

No incentive for US to deal with China; Singapore technical recession imminent

SINGAPORE (July 1): US President Donald Trump and Chinese President Xi Jinping’s impending Osaka G20 meeting is one to watch, but market commentators are not expecting any significant breakthrough. At the very least, they would be happy that talks betwe

Broker's Calls

Genting Singapore kept at 'add' by CGS-CIMB on new casino openings in Japan

SINGAPORE (June 24): CGS-CIMB Securities continues to rate Genting Singapore (GENS) at “add” with an unchanged target price of $1.06.

Company in the news

The odds look good for Genting in Japan

(June 10): It is no secret that gaming tycoon Lim Kok Thay believes the odds are good for Genting Singapore to be awarded a casino licence by the Japanese. His optimism stems from the Japanese government’s public pronouncement that it will employ the Si

Corporate moves

Genting Singapore independent director Koh sells all his shares — as is his usual practice

SINGAPORE (May 20): Genting Singapore independent director Koh Seow Chuan has been a board member since 2008. However, judging from his past behaviour, the retired renowned architect prefers not to hold shares in the company. According to a May 13 filing

Broker's Calls

Analysts temper optimism over Genting Singapore amid near-term headwinds

SINGAPORE (May 10): Analysts are lowering their forecasts on Genting Singapore (GENS) amid short-term pressures expected from lower gaming revenues and higher capex for the redevelopment of Resorts World Sentosa (RWS).

Results

Genting Singapore posts 5% drop in 1Q earnings to $205.5 mil on lower gaming revenue

SINGAPORE (May 9): Genting Singapore (GENS) reported 1Q19 earnings fell 5% to $205.5 million from $217.2 million in 1Q18.

In print this week

Raising the stakes

SINGAPORE (Apr 5): Nine years ago this month, Sheldon Adelson, the ageing chairman and CEO of Las Vegas Sands, cut a yellow ribbon at precisely 3.18pm to symbolise the opening of the Marina Bay Sands (MBS) integrated resort (IR). The iconic three towers
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