Genting Singapore (GENS)

Broker's Calls

UOBKH and Citi are upbeat on the gaming sector following record high earnings from tourism and concerts

UOBKH has a “buy” call on Genting Singapore, while Citi has a “buy” on Las Vegas Sands.

Company in the news

Genting pledges US$1 bil in taxes to win NYC casino license

Genting is pledging to continue paying New York City about 67% of its slot machine revenue in taxes.

Broker's Calls

Analysts from CGS, UOBKH and OCBC all keep 'buy' and 'add' for Genting Singapore, awaiting FY2024 growth

The group’s results missed most of the analysts’ and consensus estimates, but there's optimism about its growth trajectory.
Analysts mixed on Genting Singapore, after 4QFY2023's adjusted ebitda stood below expectations - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on Genting Singapore, after 4QFY2023's adjusted ebitda stood below expectations

Citi and Maybank have lowered their target price to $1.16, while DBS has raised its target price to $1.15.
Placing a bet on 'beyond pandemic' recovery with Genting Singapore - THE EDGE SINGAPORE

Stocks To Watch

Placing a bet on 'beyond pandemic' recovery with Genting Singapore

Investor sentiment is boosted after Genting’s net income surged 59% in 3QFY2023, and with the visa-free arrangement with China.

Company in the news

Genting Singapore's RWS handed $2.25 mil penalty for customer due diligence breaches

RWS had previously been penalised a total of $95,000 by GRA between April 2022 and March 2023 for similar lapses.

Results

Genting Singapore NPAT up 59% y-o-y to $216.3 million for 3QFY2023

The company posted revenue of $689.9 million for the quarter, up 33% y-o-y.
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