SINGAPORE (Nov 4): The wheels of fortune are turning back in favour of Genting Singapore (GENS).
Analysts are betting on the stock to beat the challenging gaming environment after GENS on Thursday declared a surprise interim dividend per share (DPS) of 1.5 cents on the back of “outstanding” 3Q results.
GENS’s 3Q adjusted EBITDA doubled from the previous quarter to $233.6 million. Compared to the same period last year, adjusted EBITDA grew 12%.
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