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Genting Singapore Shares Rise as Profit Soars

Por: MarketWatch Business August 11, 2023

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Genting Singapore late Thursday reported first-half net profit of S$276.7 million (US$205.0 million), up from S$84.4 million a year earlier, driven by a recovery in foreign tourist arrivals. Revenue rose 63% to S$1.08 billion and operating profit surged to S$350.8 million from S$110.2 million a year earlier. Hong Leong Investment Bank upgraded Genting Singapore to buy from hold and raised the target price to S$1.24 from S$1.09, citing a... + full article



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