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.
UPDATE: Singapore stocks to watch Thursday: Genting Singapore, SingPost, SATS, Pine Capital
These are Singapore companies which may be in focus on Thursday, 4 April 2019: Genting Singapore, SingPost, SATS and Pine Capital.
Genting Singapore to invest S$4.5 billion to revamp Sentosa integrated resort
Genting Singapore said Wednesday it would invest around S$4.5 billion to revamp and expand its Resorts World at Sentosa integrated casino resort.
UPDATE: Singapore stocks to watch Friday: UOB, OCBC, Wilmar, Genting Singapore, Hi-P
These are Singapore companies which may be in focus on Friday, 22 February 2019: OCBC, UOB, Wilmar, Genting Singapore, Hi-P and Roxy-Pacific.
UPDATE: Genting Singapore 4Q18 net profit rose 12 percent, but missed some analysts’ forecasts
Integrated casino-resort operator Genting Singapore reported on Thursday its 4Q18 net profit increased 12% on-year, but missed some analysts’ forecasts.
UPDATE: Singapore stocks to watch Friday: CRCT, SingPost, ThaiBev, Cromwell European REIT, GuocoLand
These are Singapore stocks which may in focus on Friday, 1 February 2019: CRCT, ThaiBev, Cromwell European REIT, GuocoLand, Starhill Global REIT and Genting Singapore.
Nomura: Genting Singapore’s depressed valuations ‘unjustified’
Genting Singapore shares’ low valuations aren’t justified, Nomura said after hosting management at investor meetings at the Nomura Investment Forum in Tokyo last week. “While…
Nomura: These Asia shares may rally when China’s Xi meets with Trump
Asian markets have been weighed by the “increasingly dire narrative” over the U.S. trade war escalation, but with U.S. President Trump set to meet with…
Singapore stocks to watch Friday: City Developments, Genting Singapore, Sunpower, Dairy Farm
These are Singapore stocks which may be in focus on Friday 9 November 2018: City Developments City Developments reported on Thursday that its net profit…
Genting Singapore reports 3Q18 net profit rose 25 percent on attractions business strength
Genting Singapore reported net profit for the third quarter rose 25 percent on-year to S$210.41 million amid a strong performance in its attractions business. Revenue…
Deutsche Bank: Genting Singapore is ‘cheap,’ but China VIP worries weigh
Shares of Genting Singapore look attractive on a valuation perspective, but concerns over weakness in the Chinese VIP business are set to weigh, Deutsche Bank…
Nomura downgrades Singapore equities to Underweight on earnings outlook
Nomura downgraded Singapore’s equities market to Underweight from Overweight, saying earnings growth is set to be “pedestrian.” “After a very strong 2018, we expect earnings growth…
DBS tips five bombed-out Singapore stocks to bargain hunt
With the U.S. trade war on China threatening to “take a turn for the worse” over the next couple months, stocks trading near “bombed-out” valuations…
Genting Singapore downgraded by Maybank KimEng after ‘unlucky’ earnings quarter
Maybank KimEng downgraded Genting Singapore to Hold from Buy after an “unlucky” earnings quarter missed its forecasts turned it cautious on the company’s outlook. Genting…
Singapore stocks to watch Monday: OCBC, GENS, Venture, UOL, Noble, Raffles Medical
These are the Singapore stocks likely in focus on Monday, 6 August 2018: OCBC OCBC reported on Monday that its second quarter net profit rose…
Genting Singapore 2Q18 net profit up 3 percent as ‘luck factor’ weighs
Genting Singapore reported on Friday that its second-quarter net profit rose 3 percent on-year to S$177.62 million, with the casino operator saying the “luck factor”…
Singapore stocks to watch Wednesday: Frasers Centrepoint Trust, Banyan Tree, Genting, PACC
Frasers Centrepoint Trust Frasers Centrepoint Trust (FCT), which owns malls across Singapore, reported on Tuesday higher distribution per unit (DPU) of 3.053 cents for the…
Singapore stocks to watch Thursday: Genting Singapore, Ezion, Del Monte Pacific
These are the stocks to watch on Thursday 7 June 2018: Genting Singapore Shares of Genting Singapore ended Wednesday down 3.13 percent at S$1.24, amid…
DBS tips five Singapore STI stocks to buy in June
DBS has tipped five Singapore Straits Times Index stocks to accumulate in June on expectations that the broader market will have a quiet month after…
Singapore stocks to watch Monday: CapitaLand, Jinjiang Environment, APAC Realty, CCT
These are the Singapore stocks in focus on Monday 4 June 2018: CapitaLand CapitaLand said Lim Ming Yan, president and group CEO of the company,…
Genting Singapore upgraded to Buy by RHB after earnings beat expectations
RHB upgraded Genting Singapore to Buy from Neutral after first-quarter earnings beat its expectations and as the company pursues VIP growth. “Given its sturdy start…
Singapore Pre-Market Friday: SingPost, Wilmar, Genting Singapore, ST Engineering
Singapore’s shares may get a fillip on Friday after weaker-than-expected U.S. inflation data worked to dial back interest rate hike expectations from the U.S. Federal…
Genting Singapore may rise after reporting ‘a great quarter’
Shares of Genting Singapore may rise on Friday after the casino operator reported strong first-quarter results. Nomura called it “a great quarter,” in a note…
Maybank KimEng: Genting Singapore’s ‘crisis valuations’ are ‘unjustified’
Genting Singapore’s share price tumble is “unjustified as it implies ‘crisis’ valuations,” Maybank KimEng said in a note this week. Genting Singapore’s fourth-quarter earnings before…
Genting Singapore fall ‘unwarranted,’ and valuation now ‘more compelling:’ Analyst
Genting Singapore’s share-price drop this year is “unwarranted,” and the stock appears undervalued, CGS-CIMB said in a note last week. The recent selloff has left…
Genting Singapore upgraded to Buy by UOB KayHian on attractive valuation
UOB KayHian upgraded Genting Singapore to Buy from Hold, saying the recent selloff has left the share with attractive valuations. “Supported by its stable Singapore operations…
Charts tip bullish view on Genting Singapore: Phillip
The current sentiment on Genting Singapore shares is bullish, and the stock’s downtrend may end soon, according to the charts, Phillip Securities said on Thursday….
Singapore strategy: Watch the earnings
Singapore companies’ fourth-quarter results were “not impressive,” and that may raise the spectre of earnings downgrades ahead, CIMB said. ”Underachievers” outnumbered companies beating expectations 15…
Genting Singapore shares tumble; Morgan Stanley downgrades stock, cuts target
Genting Singapore shares tumbled 6.92 percent to end at S$1.21 on Monday. It’s an ignominious finish that came despite a slew of analyst reports that…