| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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Goldfinger
Supreme |
11-May-2024 18:02
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Once they open the 2025 attractions in early 2025 like the Minion Land and New Oceanarium and All Suites hotel - will be even better.
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Goldfinger
Supreme |
11-May-2024 17:59
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These are really quite blowout earnings. It?s going to be good for the rest of 2024.
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Joelton
Supreme |
11-May-2024 15:59
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Genting Singapore nearly doubles Q1 net profit to S$247.4 million on CNY tourism spending
RWS generated more revenue on increased visitorship and tourism as Chinese visa regulations were loosened
RESORTS World Sentosa (RWS) operator Genting Singapore : G13 +1.14% on Friday (May 10) reported a net profit of S$247.4 million for the first quarter ended March, an increase of 91.5 per cent from S$129.2 million in the previous corresponding period.
The group posted a revenue increase of 61.9 per cent to S$784.4 million from S$484.5 million a year ago.
Its gaming segment revenue rose 69.5 per cent to S$576 million, while non-gaming segment revenue climbed 44.2 per cent to S$208.3 million.
&ldquo RWS has seen notable benefits from the increased visitorship and tourism spending during the Chinese New Year festive season, as well as from the relaxation of visa regulations between China and Singapore that took effect in February 2024,&rdquo said the group in a quarterly business update.
Looking ahead, it plans to hold more lifestyle events in 2024 targeting affluent visitors, such as Naruto: The Gallery exhibition, which is currently ongoing, and Harry Potter: Visions of Magic later this year.
It also said that construction works on upcoming projects &ndash Minion Land, Singapore Oceanarium and the Central Lifestyle Connector &ndash remain on track for a phased opening in the first quarter of 2025.
An ongoing tender for the new Waterfront development, including two hotels totalling 700 rooms, will be awarded in the third quarter of 2024, while a new luxury hotel replacing the former Hard Rock Hotel will be launched in early 2025.
On Friday, RWS signed a memorandum of understanding with Sentosa Development Corporation, DBS : D05 +0.34%, and the Singapore Tourism Board (STB) to establish the Sentosa Precinct Partnership, which will &ldquo pave the way for a transformation of RWS&rsquo destination appeal&rdquo .
The partnership is part of wider government efforts to boost tourism, even as tourism receipts in 2023 exceeded forecasts at S$27.2 billion. This includes another memorandum signed between STB, Marina Bay Sands and UOB : U11 0%, to improve the Marina Bay precinct and a S$100 million experience centre by Porsche in Changi.
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Goldfinger
Supreme |
11-May-2024 14:23
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They better give 5,cent dividend in 2024 - grrrhhhh | ||||
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Kilatkilat
Veteran |
11-May-2024 08:32
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Next Monday open above $1😎 ?
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kupo1234
Member |
11-May-2024 07:34
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in the end my prediction dividend still give 1cent. lol | ||||
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Goldfinger
Supreme |
10-May-2024 23:00
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Crazy good profits. A shocker. Reminds me of first Q profits when they just opened doors. Profits were big fat .
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wait4opp
Master |
10-May-2024 18:50
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Q1 results double, hmmmm
https://www.theedgesingapore.com/capital/results/genting-singapore-nearly-doubles-1qfy2024-earnings-thanks-visa-free-travel-between |
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spursfan
Supreme |
10-May-2024 18:12
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https://links.sgx.com/1.0.0/corporate-announcements/R696P33ZTC5SFMTB/802981_Q1%202024%20GENS%20Quarterly%20Business%20Overview.pdf | ||||
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wait4opp
Master |
08-May-2024 12:59
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MBS results is robust, when Genting reporting ？
Dyodd |
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SAVIORFOREVER
Supreme |
08-May-2024 12:46
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Wait for bottom.
Bid Bid Vol(K) Ask Ask Vol(K) 0.875 3,902.8 0.875 557.3 0.870 10,123.6 0.880 2,762.3 0.865 6,092.4 0.885 4,008.1 0.860 5,848.3 0.890 4,440.1 0.855 3,352.4 0.895 4,796.1 0.850 3,512.5 0.900 4,341.5 0.845 2,824.8 0.905 3,202.7 0.840 2,976.5 0.910 3,262.5 0.835 2,665.4 0.915 3,252.2 0.830 2,577.7 0.920 3,044.4 0.825 2,035.1 0.925 2,702 0.820 1,653.2 0.930 2,501.4 0.815 1,318.9 0.935 2,354.6 0.810 539.6 0.940 2,193.8 0.805 769 0.945 1,692.4 0.800 565.5 0.950 1,895.8 Trade with buy low sell high and DYODD |
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seanpent
Supreme |
30-Apr-2024 10:21
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probably another round of chicken run
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SAVIORFOREVER
Supreme |
29-Apr-2024 23:42
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Many ppl spreading the news without verification.
Trade with prudence and DYODD
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SAVIORFOREVER
Supreme |
29-Apr-2024 23:14
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Oops. Quote the wrong post.
Trade with casino fake news and DYODD
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n3wbie
Elite |
29-Apr-2024 23:02
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Not sure if you misread - was merely sharing extracts of a broader JPM report that is positive as it shows flight activity surpassing or normalizing to 2019 levels so not quite sure what you meant about false news in response to my earlier note
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n3wbie
Elite |
29-Apr-2024 22:26
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JPM published a note today analyzing the Asia flight bookings ahead of May Day holiday - Which routes are seeing the most pick-up in flights? We note strong pick-up in flight activity for certain routes (in terms of recovery vs. 2019 same period), led by China-Europe (+10ppts), China-Japan (+7~8ppts), Hong Kong/Macau (+5~8ppts), China-Korea (+4ppts), China-Malaysia (+3ppts), China-Thailand (+2ppts). For the upcoming travel holidays, routes that will see flight activity surpassing or normalizing to 2019 levels include: China-Europe (105%), China-Singapore (105%), China-Malaysia (97%), China-Macau (95%). Should be positive for GENS with the sustained inbound tourism. |
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Goldfinger
Supreme |
28-Apr-2024 22:14
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Now that they have arrested the rumour monger, is it time for GENS to reverse the losses and move ahead and recoup the trading losses? The refutation by PM Anwar is also good news that this second casino is not something that is in the works. Malaysian activist Chegubard arrested over Forest City casino post | The Straits Times |
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Cadence88
Veteran |
26-Apr-2024 15:05
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https://www.nst.com.my/business/corporate/2024/04/1042875/bcorp-denies-reports-founder-vincent-tans-involvement-forest-city
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dontbetray
Master |
25-Apr-2024 19:04
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If johor forest get licenses , sing Genting no business Liao ? Even singaporean go there don?t need to pay entry fee | ||||
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wehuattogether88
Supreme |
25-Apr-2024 16:50
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Maybe the BBs think that it is better to play it safe to take some profits as anything can happen in Malaysia.
There might be a change of mind by politicians if it really generates enough jobs and tourism dollars for the upper stream and lower stream if they were to build a IR in JB. |
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