Analyst Research Report Snapshot


Flash Note – Genting S’pore (Not rated) / Genting (BUY) - Results inline, challenging operating parameters ahead




Affin Hwang Investment Bank Bhd


20 Feb 2014





Companies referenced:


Available for Immediate Download

GENS commands a 53% market share of rolling chip volumes in Singapore The Group reported a weak 4QFY13 EBITDA of only S$250.3m (-32.2% yoy; - 28% qoq) on unfavourable luck factor. Coupled with higher OPEX (arising from higher staffing and provisions in 4Q), the Group reported a 24.7% contraction in FY13 core net profit of S$501.2m. The earnings are inline with house estimates but 17% below consensus. In 2013, GENS commanded 50% of Singapore’s gross gaming revenue (GGR) market share. The VIP market segment accounted for 57% of the Group’s total gross gaming revenue.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.