Resorts World Sentosa (RWS)

Sustainability

Resorts World Sentosa, NTU’s Earth Observatory of Singapore sign research collaboration MOU underwater

Joint research projects undertaken by the partners will focus on super corals and climate science.
Genting Singapore posts 80% y-o-y increase in net profit of $611.6 mil for FY2023 - THE EDGE SINGAPORE

Results

Genting Singapore posts 80% y-o-y increase in net profit of $611.6 mil for FY2023

Genting Singapore attributes this growth to strong recovery across its businesses.

Behind the Bottle

Bai Jiu Shake Up: Imbibe Bai Jiu cocktails at Michelin-starred table65 and CHIFA!

Get spirited at this RWS pop-up experience during the CNY period

Contracts

Kingsmen Creatives awarded $30 mil contract for S.E.A. Aquarium works

Kingsmen expects the contract to contribute positively to the EPS and NTA per share of group for the FY2024 ending Dec 31, 2024.

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.
Analysts up Genting Singapore's target price following MBS's 1QFY2023 outperformance - THE EDGE SINGAPORE

Broker's Calls

Analysts up Genting Singapore's target price following MBS's 1QFY2023 outperformance

Genting Singapore's FY2022 net profit was up 85%. It is expected to report its 1QFY2023 figures in mid-May.

Broker's Calls

Citi maintains 'buy' rating on Genting Singapore off the back of MBS results beat

Analysts George Choi and Ryan Cheung say they expect Resorts World Sentosa to enjoy a similar recovery for 4QFY2022.
Genting Singapore to rely less on Chinese visitors, Maybank maintains 'hold' - THE EDGE SINGAPORE

Broker's Calls

Genting Singapore to rely less on Chinese visitors, Maybank maintains 'hold'

It best not to assume that many Chinese VIPs will return to gamble in Singapore, says the analyst.

New appointments

Genting Singapore appoints former SBF CEO as deputy CEO of Resorts World Sentosa

In his previous roles, Lam also served as the Deputy Secretary (Industry) at MTI and Deputy Secretary (Policy) at MOE.

Results

Genting Singapore reports 17% y-o-y NPAT of $40.4 mil for 1QFY2022

Looking ahead, the group says it is “cautiously optimistic” about the recovery trajectory as Singapore reopens its borders.
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