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Lady Luck smiles again on Genting Singapore

Jude Chan
Jude Chan11/4/2016 12:16 PM GMT+08  • 2 min read
Lady Luck smiles again on Genting Singapore
SINGAPORE (Nov 4): The wheels of fortune are turning back in favour of Genting Singapore (GENS).
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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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