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    G13   SGXE21576413

GENTING SINGAPORE LIMITED

(G13)
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Genting Singapore : Swung to 2Q Loss Due to Covid-19 Closures

08/06/2020 | 07:31am EDT

By Ben Otto

Genting Singapore Ltd. swung to a loss as revenue plunged in the second quarter due to the temporary closure of its casinos and attractions during the Covid-19 pandemic.

The casino operator posted a loss after taxes of 163.3 million Singapore dollars ($119.2 million), compared with a profit of S$168.4 million for the same period a year ago, it said in a stock-exchange filing Thursday.

It was the company's worst quarterly performance since the opening of its integrated resorts in Singapore, it said.

Revenue fell 94% on year to S$41.3 million "as a result of the devastating effect" of the coronavirus pandemic, it said.

"For the rest of the year, the group remains pessimistic on the overall financial performance as global travel remains highly restrictive," it said.

 

Write to Ben Otto at ben.otto@wsj.com

 

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Financials
Sales 2021 1 525 M 1 151 M 1 151 M
Net income 2021 276 M 208 M 208 M
Net cash 2021 3 326 M 2 509 M 2 509 M
P/E ratio 2021 35,6x
Yield 2021 2,22%
Capitalization 10 557 M 7 956 M 7 964 M
EV / Sales 2021 4,74x
EV / Sales 2022 3,68x
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
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 0,96 SGD
Last Close Price 0,88 SGD
Spread / Highest target 32,6%
Spread / Average Target 10,1%
Spread / Lowest Target -14,3%
EPS Revisions
Managers and Directors
NameTitle
Hee Teck Tan President, COO & Non-Independent Director
Shi Ruh Lee Chief Financial Officer
Kok Thay Lim Executive Chairman
Jonathan Asherson Independent Non-Executive Director
Wah Yeow Tan Independent Director
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