Genting Singapore Results Dim Genting Bhd's Earnings Outlook -- Market Talk

Dow Jones2022-08-15

0219 GMT - Genting Singapore's weaker-than-expected 1H earnings don't bode well for parent company Genting Bhd., Kenanga Investment Bank analyst Teh Kian Yeong says in a note. He cuts his 2022-2023 earnings forecasts for the Malaysian company by 7% and 5% respectively. However, Genting Singapore should deliver a better set of results in 2H as international visitor numbers recover thanks to the further reopening of borders, the analyst says, which will eventually also benefit Genting. The bank maintains an outperform rating and MYR5.86 target on Genting, pending its 2Q results due later this month. Genting shares are unchanged at MYR4.75. (yingxian.wong@wsj.com)

$(END)$ Dow Jones Newswires

August 14, 2022 22:21 ET (02:21 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2259060972?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-15 10:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2259060972","market":"us","top_or_hot":-1,"title":"Genting Singapore Results Dim Genting Bhd's Earnings Outlook -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0219 GMT - Genting Singapore's weaker-than-expected 1H earnings don't bode well for parent company Genting Bhd., Kenanga Investment Bank analyst Teh Kian Yeong says in a note. He cuts his 2022-2023 earnings forecasts for the Malaysian company by 7% and 5% respectively. However, Genting Singapore should deliver a better set of results in 2H as international visitor numbers recover thanks to the further reopening of borders, the analyst says, which will eventually also benefit Genting. The bank maintains an outperform rating and MYR5.86 target on Genting, pending its 2Q results due later this month. Genting shares are unchanged at MYR4.75. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  August 14, 2022 22:21 ET (02:21 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genting Singapore Results Dim Genting Bhd's Earnings Outlook -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenting Singapore Results Dim Genting Bhd's Earnings Outlook -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-15 10:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0219 GMT - Genting Singapore's weaker-than-expected 1H earnings don't bode well for parent company Genting Bhd., Kenanga Investment Bank analyst Teh Kian Yeong says in a note. He cuts his 2022-2023 ...</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":"2259060972","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2259060972","pubTimestamp":1660530060,"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":"0219 GMT - Genting Singapore's weaker-than-expected 1H earnings don't bode well for parent company G","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"G13.SI":"云顶新加坡"},"translate_title":"云顶新加坡业绩暗淡云顶BHD盈利前景--市场言论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"G13.SI":0.9},"content_text":"0219 GMT - Genting Singapore's weaker-than-expected 1H earnings don't bode well for parent company Genting Bhd., Kenanga Investment Bank analyst Teh Kian Yeong says in a note. He cuts his 2022-2023 earnings forecasts for the Malaysian company by 7% and 5% respectively. However, Genting Singapore should deliver a better set of results in 2H as international visitor numbers recover thanks to the further reopening of borders, the analyst says, which will eventually also benefit Genting. The bank maintains an outperform rating and MYR5.86 target on Genting, pending its 2Q results due later this month. Genting shares are unchanged at MYR4.75. (yingxian.wong@wsj.com) \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  August 14, 2022 22:21 ET (02:21 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2259060972"}