The Genting group was at the peak of an expansion cycle when the Covid-19 pandemic broke out. The group’s mainstay — Genting — was in the midst of constructing a US$4.3 billion ($5.7 billion) resort and casino in Las Vegas. Its 49.5% associate, Genting Malaysia, was completing a US$800 million...

Genting Singapore is the sole winner in the cyclical consumer services sector. It tops for weighted ROE over the three-year period taken into consideration for this year’s Billion Dollar Club. For FY2018, Genting Singapore’s ROE was 9.92%; for FY2019, it was 8.7% and for FY2020, it was 0.87%, gi...

RHB Group Research remains upbeat on Genting Singapore despite the likelihood of its bid for the Yokohama integrated resort (IR) project being shelved following the election of anti-IR candidate Takeharu Yamanaka as Yokohama mayor. "As things stand, it looks unlikely that Genting Singapore will be a...

The two integrated resorts changed Singapore’s skyline and put Singapore on the global tourism map. Prior to the pandemic, they contributed significantly to the GDP. Like the rest of the hospitality industry, they are gearing up for the recovery. The Edge Singapore takes a look at Singapore’s to...

CGS-CIMB Research analyst Tay Wee Kuang has kept “add” on Genting Singapore with the same target price of 95 cents as its plans to build an integrated resort (IR) in Yokohama, Japan, fall through. The current target price is pegged at 9.5 times of FY2022 EV/EBITDA. Following his win in the Yokoh...

Maybank Kim Eng analyst Yin Shao Yang has downgraded Genting Singapore to “hold” from “buy” following the win of an anti-IR mayor in Yokohama. “This almost certainly means that the Yokohama IR RFP process will be shelved,” writes Yin in his Aug 23 note. He holds firm to his view that Gen...

Analysts have been taking a second look at Genting Singapore following its swing into the black with earnings of $77.2 million in 1HFY21 ended June. The group which owns and operates Resorts World Sentosa (RWS) had been in the red with losses of $116.7 million in 1HFY20 due to the circuit breaker me...

GENTING Singapore posted S$88.2 million in earnings for the six months ended June 2021, reversing a year-ago loss, as operations at Resorts World Sentosa resume, although with fewer visitors than in pre-pandemic days.

GENTING Singapore posted S$88.2 million in net earnings for the six months ended June 2021, reversing a year-ago loss, as operations at Resorts World Sentosa are open again, although with fewer visitors than in pre-pandemic days.

Genting Singapore has reported a revenue of $554.8 million, up 24% y-o-y for 1HFY2021. This time last year, the resort operator was hurting from the lockdown because of the pandemic, before gradual resumption of activities later on. From $116.7 million in the red in 1HFY2020, Genting Singapore has r...