皇冠官网(www.huangguan.us)是皇冠体育官方信用网线上直营平台。皇冠官网开放信用网和现金网代理申请、信用网和现金网会员注册、线上充值线上投注、线上提现、皇冠官方APP下载等业务。

首页社会正文

皇冠官网:Resorts conglomerate expected to recover

admin2022-08-259

皇冠官网www.hg108.vip)是一个开放皇冠正网即时比分、皇冠官方的平台。皇冠官网(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP,提供皇冠官网代理开户、皇冠官网会员开户业务。

Resorts conglomerate expected to recover

PETALING JAYA: Following weaker-than-expected earnings from its Singapore subsidiary, parent-company, Genting Bhd’s earnings estimate for financial years 2022-2023 may come in lower now. In the first half of FY22 (1H22) core net profit of Genting Singapore Ltd fell 3% year-on-year to to S$108.7mil (RM352.6mil).

This, according to Kenanga Research, made up 32% of consensus’ FY22 forecast, owing to “weaker luck factor”.

To account for this, Kenanga Research has cut Genting’s FY22 and FY23 earnings forecasts, by 7% and 5%.

“Despite international borders reopening, international tourism visitorship remained weak in 1H22 but should recover further from here.

“For now, we keep our ‘outperform’ call on Genting unchanged, pending its 2Q22 results later this month-end,” said Kenanga Research in a report. It has a RM5.86 target price for Genting.

The research firm expects a better 2H22 as Genting Singapore is likely to experience growing volume after a slow start in April and May.

“The company is still cautiously optimistic of a recovery trajectory in view of the border reopening as more travellers return to the island state which should augur well for Genting Singapore,” it added.

,

usdt公开api接口www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

,

Meanwhile, it noted that the expansion of Resorts World Sentosa (RWS 2.0), in which Genting Singapore has invested S$400mil (RM1.3bil) in 2022, is progressing well.

“It has done the groundbreaking for Minion Land in May 2022, which is part of the Universal Studios of RWS 2.0, together with the refurbishment works for the theme park and three of its hotels, getting ready for the borders reopening,” said Kenanga Research.

Hong Leong Investment Bank (HLIB) Research said Genting Singapore’s RWS’ gross gaming revenue market share for 1H22 was only 35% versus 65% for competitor Marina Bay Sands.

“Management shared that they plan to hire an additional 1,600 workers by the end of the year, adding circa 32% to the current workforce of about 5,000 workers.

“The recruitment is making good progress over the past several weeks and management believes they are on track in achieving their hiring target,” the research firm noted.

HLIB Research has cut Genting Singapore’s earnings forecasts for FY22 and 23 by 14.2% and 7.2% to factor in the results shortfall for the quarter as well as lower operating capacity assumptions.

However, the research firm believes that the group should see gradual sequential improvements going forward.


转载说明:本文转载自Sunbet。

网友评论