Yangzijiang Shipbuilding Price target: DBS Group Research ‘buy’ $1.70 Strong earnings growth DBS Group Research analyst Ho Pei Hwa has kept her “buy” recommendation on Yangzijiang Shipbuilding with a higher target price of $1.70 from $1.40 previouslyThe new target price of $1.70 is based on...

Analysts at UOB Kay Hian, Maybank Securities and DBS Group Research are optimistic on Genting Singapore, following the announcement of its 3QFY2022 results ended September.UOBKH analysts Vincent Khoo and Jack Goh have kept their “buy” call and target price of $1.08. They note Genting Singapore�...

GENTING Singapore reported on Thursday (Nov 10) a more than 100 per cent increase in net profit for its third quarter, on the back of stronger gaming and non-gaming revenue.

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 11):

Genting Singapore, which operates the Resorts World Sentosa integrated resorts, has reported a significant improvement in its results for 3QFY2022 ended Sept 30.For the period, earnings reached $135.8 million, versus $60.7 million in the year-earlier; revenue in the same quarter was $519.7 million, ...

GENTING Singapore reported on Thursday (Nov 10) a more than 100 per cent increase in net profit for its third quarter, on the back of stronger gaming and non-gaming revenue.

UOB Kay Hian Research analysts have added Singapore Telecommunications (Singtel), First Resources and Keppel Corporation to their Alpha Picks, while switching out Nanofilm Technologies for the larger-cap Venture Corporation.According to UOBKH analysts, the Alpha Picks outperformed the Straits Times ...

Maybank Securities analyst Yin Shao Yang has kept his “hold” call on Genting Singapore with an unchanged target price of 86 cents.Yin says that under a “blue sky” scenario where Resorts World Sentosa’s (RWS) FY2024 mass market gross gaming revenue (GGR) recovers to 100% of 2019 — driven ...

The pandemic put the brakes on international travel in early 2020. But now, global travel is on a solid rebound, despite the intermittent resurgence of Covid-19 variants.According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals worldwide during the first five...

Genting Singapore has appointed Lam Yi Young as the deputy CEO of Resorts World Sentosa (RWS).Lam was selected from a list of shortlisted candidates for the role, says the group.He will join RWS on Jan 1, 2023 and will assume his appointment once he passes a suitability assessment by the Gambling Re...

RESORTS World Sentosa (RWS) on Friday (Oct 28) said that Lam Yi Young, currently the chief executive officer of the Singapore Business Federation (SBF), will be its deputy chief executive officer (CEO) in the new year.

Genting Singapore has fully redeemed 20 billion yen ($190 million) worth of bonds.The yen-denominated bond was first issued back in 2017 when the company was gearing up to bid for a casino project in Japan.It came close to securing a project in Yokohama but after there was a change of the local gove...

Analysts are positive on Genting Singapore’s (GENS) prospects after NYSE-listed Las Vegas Sands Corporation revealed that Marina Bay Sands’ (MBS) adjusted ebitda surged by 2,187% y-o-y to US$343 million ($475.6 million) for the 3QFY2022 ended Sept 30.UOB Kay Hian Research analyst Vincent Khoo ha...

UOB Kay Hian has added Thai Beverage (ThaiBev) and ComfortDelGro (CDG) to its alpha picks portfolio for the month of October.“Both are set to benefit from demand recovery from the economic reopening and removal of Covid-19 measures, and the recent share price weaknesses have made their valuation m...

CGS-CIMB Securities group CEO Carol Fong has confirmed a split between the brokerage’s parent companies, with China Galaxy Securities (CGS) assuming full control by January 2023.Speaking to The Edge Singapore on Sept 28, Fong says a call and put option has already been put in place. “By January ...