Genting Singapore Set to Post Improved 2Q Earnings -- Market Talk

Dow Jones2022-07-22

0323 GMT - Genting Singapore's earnings likely improved in 2Q, based on rival Marina Bay Sands' quarterly results, Maybank Research analyst Yin Shao Yang says in a research report. The analyst upgrades the stock to buy from hold and raises the target price to S$0.85 from S$0.83. MBS's 2Q results are significant for Genting Singapore's Resorts World Sentosa as they reflect operations after Singapore reopened its borders on April 1 and removed Covid-19 testing requirements on April 26, the analyst says. The brokerage believes that 2Q ought to be sequentially much better for Genting Singapore's RWS and raises its 2022 earnings estimate by 78%. Shares are 3.9% higher at S$0.805. (ronnie.harui@wsj.com)

$(END)$ Dow Jones Newswires

July 21, 2022 23:23 ET (03:23 GMT)

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lowmy
2022-07-22
lowmy
Hope it will keep its momentum

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The analyst ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"G13.SI","symbol_name":"云顶新加坡","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2253078757","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2253078757","pubTimestamp":1658460180,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0323 GMT - Genting Singapore's earnings likely improved in 2Q, based on rival Marina Bay Sands' quar","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"G13.SI":"云顶新加坡","POST":"Post Holdings"},"translate_title":"云顶新加坡将公布第二季度业绩改善--市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"POST":1,"G13.SI":0.9},"content_text":"0323 GMT - Genting Singapore's earnings likely improved in 2Q, based on rival Marina Bay Sands' quarterly results, Maybank Research analyst Yin Shao Yang says in a research report. 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