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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.
August 20, 2019
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
August 06, 2019
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.
August 02, 2019
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
June 28, 2019
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.
June 24, 2019
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
June 07, 2019
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
May 20, 2019
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).
May 10, 2019
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.
May 09, 2019
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
April 05, 2019