Analysts are rather muted on Genting Singapore (GENS) following its disappointing, but not surprising, results announcement on Aug 6.

GENS recorded its worst quarterly performance since opening, as it posted a net loss of $163.3 million in 2Q20, compared to a profit of $168.4 million in 2Q19. GENS being in the business of gaming, entertainment and hospitality saw all its segments suffer from the plunge in visitor arrivals to Singapore due to the Covid-19 pandemic.

Its casino and attractions were also forced to shut its doors temporarily during the circuit breaker.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook