- Genting Singapore (SGX:G13)'s 3QFY22 results handily surpassed expectations – 3QFY22 adjusted EBITDA of S$252.8m, a significant improvement on both an annual (+146.6% y-o-y) and quarterly basis (+71.9% q-o-q). 9MFY22 adjusted EBITDA amounted to S$521.5m, accounting for 76.6% of the consensus’ full-year estimate, notably above expectations given that recovery in 4QFY22 will be more pronounced.
- - Read this at SGinvestors.io -
- Genting Singapore's total revenue in 3Q22 surged by 49.1% q-o-q and 106.6% y-o-y to S$519.7m, reaching 87% 3Q19’s level.
- - Read this at SGinvestors.io -
- Meanwhile, leisure revenue hit 59% of 2019’s level during the quarter on the back of a resurgence in tourist arrivals to 45% of the pre-COVID-19 level in 3QFY22.
Genting Singapore – Outlook & Investment Recommendation
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Jason SUM CFA DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-11-11
Read also DBS's most recent report:
2024-02-23 Genting Singapore - Tourism Revival, New Attractions To Drive Growth.
Previous report by DBS:
2023-11-14 Genting Singapore - Rolling The Dice On Growth; Upgrade To BUY.
Price targets by 4 other brokers at Genting Singapore Target Prices.
Listing of research reports at Genting Singapore Analyst Reports.
Relevant links:
Genting Singapore Share Price History,
Genting Singapore Announcements,
Genting Singapore Dividends & Corporate Actions,
Genting Singapore News Articles
