Genting

With the group facing credit downgrades, its Singapore operation’s steady earnings are key for its US expansion

External headwinds, rising costs and a stronger ringgit drag conglomerate into the red in Q2

[SINGAPORE] Shares of Genting Singapore closed up 6.4 per cent at S$0.665 on Friday (Aug 14), despite the profit decline of 33.5 per cent for the first half of the year that was reported on Thursday.

Earnings have been affected by higher depreciation, lower interest income and asset refresh works

Casinos and office Reits shine, but hype, energy shocks and trade tensions will dictate winners and losers

It’s hard not to compare RWS with its high-flying rival MBS, even though they target different market segments

DBS Group Research suggests a ‘comprehensive rethink’ of the company’s operational strategy

DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price

Ongoing conflict in the Middle East and current geopolitical developments have raised cost pressures