gaming

Tech

The coming video game super cycle

Sony previewed the PlayStation 5 (PS5) on June 12 and gave the world a glimpse of its flagship product. The reveal event had gamers around the world rubbing their hands in gleeful anticipation at the launch of this next-generation gaming console.
Engines of the future - THE EDGE SINGAPORE

Tech

Engines of the future

Epic Games is the multi-billion dollar company behind Fortnite, the game that has taken over the world.

Broker's Calls

Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts

SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their “buy” calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28.  

Results

Genting Singapore sees 4Q earnings rise 12% to $150 mil on higher visitors, hotel occupancy

SINGAPORE (Feb 21): Genting Singapore (GENS) announced earnings of $150.2 million for the 4Q ended Dec 2018, rising 12% y-o-y from its earnings of $134 million in 4Q17 due to higher revenue.

Broker's Calls

Genting Singapore a likely winner this gaming earnings season, says UOB

SINGAPORE (Jan 28): UOB Kay Hian is maintaining “overweight” on gaming with a “buy” call on Genting Singapore (GENS) at a $1.38 target price, or 10 times 2019 EV/EBITDA, on the notion that the integrated resort (IR) operator’s share price could

Broker's Calls

Time to place bets on Genting Singapore as stock is now looking cheap, says RHB

SINGAPORE (Nov 16): RHB Research is maintaining its “buy” rating on Genting Singapore with a lower target price of $1.23 compared to $1.42 previously after updating DCF assumptions and rolling over the valuation base year to FY19.

Singapore's 139-year-old telecom has plans for millennials

SINGAPORE (July 11): Singapore Telecommunications was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials.

Global Markets

MGM opens new US$3.4 bil resort in Macau

HONG KONG (Feb 13): MGM Resorts International’s debut of its US$3.4 billion ($4.5 billion) property Tuesday is the latest bet on the world’s biggest casino hub, as licensing bids and China’s proposal to allow gambling on a nearby island cast uncerta

Fitch betting on a good year for gaming in 2018

SINGAPORE (Dec 12): Fitch Ratings expects gaming operators and suppliers to see moderate growth globally in 2018 on the back of sound economic outlook across global gaming markets.

Global Markets

MGM Resorts bets on wealthier masses to catch up in Macau

HONG KONG (Aug 15): MGM Resorts International is counting on a growing number of affluent Chinese customers to drive revenue at its new Macau property, as it strives to catch up with an industry rebound in the enclave.
×