Singapore is “one step closer to dawn”, according to DBS Group Research analysts Yeo Kee Yan and Janice Chua, after companies’ earnings in 2Q20 bore the brunt of the global lockdowns with a sharp 14.9% cut in FY20F earnings for stocks covered by the bank. “With global economies reopening, ma...

Lim Keong Hui, son of Genting group boss Lim Kok Thay, has bought over the Zouk Group from Genting Hong Kong for $14 million, or HK$79.3 million. Genting HK, whose main business is in operating cruise ships, will book a gain of HK$6.7 million from the sale. Hong Kong-listed Genting HK bought Zouk fr...

CRUISE ship operator Genting Hong Kong (GENHK) is struggling to repay its creditors, but analysts say the same is unlikely to be the case for Genting Singapore given the latter's financial strength.

Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapor...

One of Southeast Asia’s biggest conglomerates faces its gravest challenge yet as the pandemic roils Genting group’s collection of casinos, cruises and resorts. Cracks were already starting to show even before cruise operator Genting Hong Kong Ltd. said it would suspend payments to creditors. Thi...

Singapore has long been the city of choice for Western expats wanting an easy entree into Asia. Clean, efficient, with low tax rates, it’s often seen as rivalling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just whe...

Although the situation surrounding the Covid-19 pandemic might have improved in several countries, but things are not completely back to normal yet. For one, cross-border travels are still prohibited or very tightly managed, such that leisure travels are still not allowed. And with the lack of touri...

HONG KONG (Aug 20): A cruise ship operator controlled by Malaysian tycoon Tan Sri Lim Kok Thay suspended all payments to creditors, triggering a 36% drop in the company�s shares and denting investor confidence in Lim�s wider business empire. Genting Hong Kong Ltd. said it will use its available fun...

Malaysian tycoon Lim Kok Thay has pledged nearly his entire stake in embattled cruise operator Genting Hong Kong Ltd. as collateral for loans, raising the risk of a margin call after the stock plunged 38% on Thursday. The record selloff came after the company said it suspended all payments...