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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Genting Singapore Limited    G13   SGXE21576413

GENTING SINGAPORE LIMITED

(G13)
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Genting Singapore : Third-Quarter Net Fell 66% on Covid-19 Impact

11/15/2020 | 07:07pm EST

By P.R. Venkat

Genting Singapore Ltd.'s third-quarter net profit fell 66% on year as the casino operator continued to face weak demand due to the Covid-19 pandemic.

Net profit was at 54.45 million Singapore dollars (US$40.40 million), Genting said late Saturday. Revenue from its gaming operations were down 41% on year to S$212.92 million.

Compared to the second quarter, Genting's financial performance improved, as authorities in the city-state started easing some of the pandemic curbs.

In the second quarter, Genting posted S$163.3 million loss.

"Looking ahead, the group's growth strategy includes our commitment to develop the S$4.5 billion mega expansion in Singapore," Genting said.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

11-15-20 1906ET

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Financials
Sales 2020 1 085 M 817 M 817 M
Net income 2020 -46,1 M -34,7 M -34,7 M
Net cash 2020 2 971 M 2 236 M 2 236 M
P/E ratio 2020 -291x
Yield 2020 2,29%
Capitalization 10 617 M 7 996 M 7 991 M
EV / Sales 2020 7,05x
EV / Sales 2021 4,42x
Nbr of Employees -
Free-Float 47,0%
Chart GENTING SINGAPORE LIMITED
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Technical analysis trends GENTING SINGAPORE LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 0,87 SGD
Last Close Price 0,88 SGD
Spread / Highest target 25,0%
Spread / Average Target -1,30%
Spread / Lowest Target -26,1%
EPS Revisions
Managers and Directors
NameTitle
Hee Teck Tan President, COO & Non-Independent Director
Kok Thay Lim Executive Chairman
Shi Ruh Lee Chief Financial Officer
Jonathan Asherson Independent Non-Executive Director
Wah Yeow Tan Independent Director
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