S&P cuts rating on Genting and Resorts World Las Vegas
S&P Global Ratings has cut its long-term issuer credit rating on Genting Bhd. to BBB-plus from A-minus, the ratings agency said in a statement Wednesday.
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UPDATE: Genting Singapore reports 3Q19 net profit dropped 24 percent
Genting Singapore reported Thursday its third quarter net profit dropped 24 percent on-year to S$158.87 million on higher depreciation costs.
UOB KH: Genting Singapore to trend higher as Japan bidding progresses
Genting Singapore’s stock should trend up as Japan’s bidding process for gaming concessions heads toward a conclusion next year, UOB KayHian said Friday.
RHB: Genting Singapore could benefit from Hong Kong protests
Genting Singapore could be a beneficiary of the months-long protests in Hong Kong, with Singapore likely to see more mainland tourists, RHB said Friday.
Genting Singapore files to issue as much as 350 billion yen in bonds
Genting Singapore has filed to issue as much as 350 billion yen in yen-denominated bonds in Japan, the integrated casino-resort operator said Monday.
UPDATE: Genting Singapore reports 2Q19 net profit dropped 5 percent
Genting Singapore reported Friday its 2Q19 net profit dropped 5 percent on-year to S$168.41 million amid a “significant decline” in the mass-gaming segment.
CGS-CIMB: Genting Singapore’s shares are ‘cheap as chips’
Genting Singapore’s shares are “cheap as chips,” despite potential positives from the RWS revamp and potential Japan integrated resort bid, CGS-CIMB said Friday.
Nomura: Positive on Genting Singapore on expectations for a looser credit policy
Nomura increased its earnings forecasts for Genting Singapore on expectations for a looser credit policy ahead.
Genting Singapore reports 1Q19 net profit fell 5 percent on lower gaming revenue
Genting Singapore reported Thursday its first-quarter net profit fell 5 percent on-year to S$205.47 million as gaming revenue declined.
Nomura cuts Genting Singapore earnings forecasts amid tax increase, capex plans
Genting Singapore will likely have volatile earnings over the next 10 years due to tax and entry levy increases and its planned capex, Nomura said Friday.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, ThaiBev, Keppel, MLT, Indofood Agri
These are Singapore companies which may be in focus on Thursday, 11 April 2019: Genting Singapore, Thai Beverage, Keppel and Mapletree Logistics Trust.
Moody’s affirms Genting Singapore’s A3 rating
Moody’s affirmed Genting Signapore’s A3 issuer rating, saying the IR operator won’t need more debt to fund its S$4.5B Resorts World Sentosa expansion.