KUALA LUMPUR (Feb 25): Genting Singapore Ltd has responded to queries by the Singapore Exchange (SGX) in relation to its cash pile of S$3.99 billion, namely why its interest income fell and why it borrowed S$266.8 million despite its sizable cash and cash equivalents. In a filing today, the group sa...

Analysts from CGS-CIMB Research, DBS Group Research, OCBC Investment Research (OIR) and RHB Group Research are positive on the aviation, aerospace, tourism sectors, as well as consumer manufacturing and retail sectors, following the unveiling of the Singapore Budget for 2021. Deputy Prime Minister a...

Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, F...

Maybank Kim Eng analyst Yin Shao Yang has downgraded Genting Singapore to “hold” from “buy” with a lower target price of 92 cents from 95 cents previously. While Genting Singapore’s 2HFY2020 and FY2020 earnings and dividends outperformed his expectations, they were largely due to non-recur...

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GENTING Singapore on Tuesday posted a 90 per cent plunge in full-year net profit to S$69.2 million, which the integrated resort operator called the "worst financial performance since the opening of (its) Singapore Integrated Resort in 2010".

Despite suffering from the pandemic, Genting Singapore managed to stay in the black for the year ended Dec 2020. From earnings of $688.6 million recorded in FY2019, the casino operator reported a 90% plunge in earnings to just $69.2 million. Revenue in the same period was down 57% y-o-y to $1.06 bil...

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