Times are tough. Period. Just when the world was reaching the light at the end of the tunnel, another tunnel has appeared and again the light seems far away. The Covid-19 pandemic is almost history, but the world is smack in the middle of an ongoing war between Russia and Ukraine, as well as tension...

SINGAPORE: Sentosa and Resorts World Sentosa (RWS) are embarking on a large-scale deployment of solar panels to harness energy across the island from this month, as part of its efforts to go carbon neutral by 2030. The panels will be installed at a new batch of 18 sites, including

Maintaining the barbell approach recommended by analysts is proving heavy this year.Singapore investors not only have to contend with new waves of Covid-19 in July, as warned by health minister Ong Ye Kung, but also consider a host of worries abroad.RHB Group Research analyst Shekhar Jaiswal lists t...

As the US Federal Reserve expects a total of seven interest rate hikes in 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong see a “base building month ahead” with June marking a peak in rate hike worries.The brokerage’s rates strategist is also estimating inflation ...

Marina Bay Sands (MBS), the integrated resort cum casino and a bellwether of Singapore’s tourism industry, is turning the table on the Covid-19 pandemic. In its recently released 1QFY2022 ended March results, owner Las Vegas Sands, reported ebitda rose to US$58 million ($81 million) in March from ...

“We gather that the earnings shortfall was due to higher-than-expected depreciation caused by accelerated depreciation of certain assets ahead of Genting Singapore’s $4.5 billion ‘RWS 2.0’ reinvestment programme,” says Yin.Nonetheless, the analyst expects Singapore’s reopened borders to ...

RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.Although the reopening as well as the government’s a...

ANALYSTS of DBS and Maybank Securities believe Genting Singapore is set to perform gradually better over the next few financial quarters given how countries, including Singapore, Malaysia and Thailand, recently reopened their borders and eased restrictions. 

INTEGRATED resort operator Genting Singapore reported a 17 per cent increase in its net profit after taxation to about S$40.4 million for the first quarter ended Mar 31, 2022, from S$34.5 million in the year-ago period.

Genting Singapore has reported a net profit after tax (NPAT) of $40.4 million for the 1QFY2022 ended March, 17% higher than NPAT of $34.5 million for the same period the year before.Total revenue for the quarter improved 13% y-o-y to $314.5 million on the back of broad-based growth across all its se...