|Bid||0.9000 x 0|
|Ask||0.9050 x 0|
|Day's range||0.8950 - 0.9100|
|52-week range||0.8550 - 1.1300|
|Beta (3Y monthly)||1.35|
|PE ratio (TTM)||14.84|
|Earnings date||6 Nov 2019 - 11 Nov 2019|
|Forward dividend & yield||0.04 (3.87%)|
|1y target est||1.35|
The recent National Day Rally mentioned rejuvenation plans for the Greater Southern Waterfront region. Here are four companies that could potentially benefit from this long-term initiative.
SINGAPORE (Aug 6): Genting Singapore (GENS) did not disappoint consensus estimates in the 2Q19 ended June. While 2Q earnings fell 5% to $168.4 million, adjusted EBITDA rose 11% to $294.4 million on the back of a higher VIP win rate of 3.7% – some 1.1 percentage points higher than the corresponding quarter a year ago and 0.7 percentage points higher than the average of 3% in the past nine quarters. When the luck runs out, however, will GENS be able to overcome the soft near-term outlook?
Genting Singapore Ltd (SGX: G13), one of two operators of Singapore’s integrated resorts, reports a decent quarterly result along with exciting plans for the future.
SINGAPORE (Aug 2): Genting Singapore (GENS) saw its earnings fall 5% to $168.4 million for the 2Q19 ended June, from $177.6 million a year ago, on the back of lower other income and higher expenses. The increase was due to a 22% rise in gaming revenue to $441.1 million, boosted by a high rolling win percentage in the VIP rolling business segment at Resorts World Sentosa (RWS). In a filing to SGX on Friday, GENS says its underlying mass gaming business experienced significant declines in the quarter, and would have been further impacted if not for considerable increased spending to tap the regional markets.
It seems that odds have not been favouring local-listed integrated resort operator (IR) Genting Singapore lately. Since the start of 2019, Genting Singapore has seen its stock lost almost 10 percent of its value to trade at $0.880 per share – a level not seen since 2018.
SINGAPORE (June 24): CGS-CIMB Securities continues to rate Genting Singapore (GENS) at “add” with an unchanged target price of $1.06.
SINGAPORE (May 10): Analysts are lowering their forecasts on Genting Singapore (GENS) amid short-term pressures expected from lower gaming revenues and higher capex for the redevelopment of Resorts World Sentosa (RWS). This comes after GENS after market close on Thursday announced a 5% drop in earnings for the 1Q19 ended March to $205.5 million, from $217.2 million a year ago. Total 1Q19 revenue was 5% lower at $640.4 million, led by an 8% decline in gaming revenue.
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