$SINGAPORE AIRLINES LTD(C6L.SI)$ Genting Singapore is the owner and operator of the integrated resort (IR) at Resorts World Sentosa (RWS).
RWS not only boasts attractions such as a theme park, Universal Studios Singapore (USS), but also has six themed hotels along with a casino and a world-class convention centre.
Genting’s share price has touched a 52-week high of S$0.89 and is up 11.5% year to date.
The group benefitted from a wave of optimism as countries reopened their borders and air travel resumed.
The resulting influx of tourists, along with higher numbers of Singaporeans visiting its attractions, led to a stellar financial performance for the third quarter of 2022 (3Q2022).
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$SINGAPORE AIRLINES LTD(C6L.SI)$ time for recovery