$GENTING SINGAPORE LIMITED(G13.SI)$
Now that Singapore is allowing full travel in and out of the country, what do you think will happen to Genting business? Despite this fact the share price has remained suppressed due to some secret reasons which cannot be shared knowingly I guess. With the money you get from this counter you can go inside the casino and use their money to win their money by playing the roulette using theMartingale technique for shares. However, the cycle is coming round and round so grab it before it is too late. Let's take a look at the stats for those interested:
Testing INTEGRATED resort operator Genting Singapore reported a 17 per cent increase in its net profit after taxation to about S$40.4 million for the first quarter ended Mar 31, 2022, from S$34.5 million in the year-ago period.
This came as revenue grew 13 per cent on the year to S$314.5 million, from S$277.9 million previously, said the mainboard-listed company, which owns Resorts World Sentosa (RWS), in a quarterly business update on Thursday (May 12) evening.
Genting Singapore said it is "encouraged" by the gradual increase in footfall to RWS. However, it expects the pace of recovery in leisure travel to be moderated by the limited flight schedules, high airfares and ongoing travel restrictions on visitors from certain countries.
Meanwhile, higher utilities expenses and the expiry of Covid-19 related government support measures led to a 3 per cent drop in adjusted earnings before interest, tax, depreciation and amortisation, to S$124.8 million for the first quarter. The group noted that it continues to refresh and build new visitor offerings so it may emerge stronger from the pandemic and capture any upswing in demand. Construction works on both Minion Land and the Singapore Oceanarium are scheduled to start in the second quarter of 2022.
Comments