Earnings Alerts

Genting Singapore (GENS) Earnings: 1H Net Income Hits S$356.9M with Strong Gaming Revenue

  • Genting Singapore‘s net income for the first half of 2024 is S$356.9 million.
  • The company’s adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is S$570.8 million.
  • Genting Singapore reported a total revenue of S$1.36 billion for the first half of the year.
  • The integrated resorts’ gaming segment earned S$957.6 million in revenue.
  • Analyst ratings show 15 buys, 3 holds, and 0 sells for Genting Singapore.

A look at Genting Singapore Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience5
Momentum3
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Genting Singapore shows a promising long-term outlook. With high scores in Growth and Resilience, the company seems well-positioned for future expansion and able to navigate challenges effectively. The strong Growth score indicates potential for increased earnings and market share, while the Resilience score suggests the company’s ability to withstand economic downturns. Additionally, the company maintains moderate scores in Value, Dividend, and Momentum, providing a balanced overall outlook.

Genting Singapore Limited, known for developing resort properties and operating casinos globally, including in Australia, the Americas, Malaysia, the Philippines, and the United Kingdom, has a solid foundation for long-term success. With a focus on growth and resilience, the company demonstrates strategic planning and adaptability in various market conditions. Investors may find Genting Singapore an attractive prospect based on its positive Smart Scores and diverse presence in key international markets.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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