Earnings Alerts

Breaking Down Genting Singapore (GENS) Earnings: Final Dividend per Share Misses Estimates

By February 22, 2024 No Comments
  • Genting Singapore‘s final dividend per share is S$0.02, which is lower than the estimated S$0.04.
  • The net income reported by the company is S$611.6 million, falling short of the estimated S$692.6 million.
  • Revenue for Genting Singapore is S$2.42 billion, slightly higher than the estimated S$2.41 billion.
  • The basic earnings per share (EPS) for the company stands at S$0.0507.
  • Adjusted Ebitda for the company is reported at S$1.03 billion, which is less than the estimated S$1.06 billion.
  • The gaming revenue from Singapore integrated resorts is S$1.65 billion, exceeding the estimate of S$1.59 billion.
  • Net asset value per share of Genting Singapore is S$0.679.
  • The company has 15 buys, 3 holds, and 0 sells.

Genting Singapore on Smartkarma

Genting Singapore, a company that owns an integrated resort property in Sentosa, has recently caught the attention of independent analysts on Smartkarma, an investment research network. According to Howard J Klein, who published a research report on the company, Genting Singapore is a surprising value buy at $1.0l Sgd. Despite having low debt and strong forward revenue recovery, the company’s stock remains undervalued due to investor skepticism. This is partly due to the success of its parent company, Genting Berhad Malaysia, but also raises questions about Genting Singapore‘s asset allocation strategy.

However, Klein believes that Genting Singapore presents a strong buy opportunity, not only because of its undervalued stock price, but also because of its prospects post-COVID. The company’s integrated resort property in Sentosa is expected to see a boost in revenue as travel and tourism resume. In comparison, Klein raises concerns about Genting Berhad Malaysia’s investments in the US gaming market, which may face intense competition and lower returns. Overall, Klein’s analysis leans towards a bullish sentiment for Genting Singapore‘s future growth and potential.


A look at Genting Singapore Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.6

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

Genting Singapore Limited, a company that develops resort properties and operates casinos, has a promising long-term outlook according to Smartkarma Smart Scores. The company has received a score of 4 for growth, indicating strong potential for expansion and profitability in the future. Additionally, Genting Singapore has scored a 5 for resilience and momentum, highlighting its ability to withstand challenges and maintain positive momentum in its operations.

While the company received a score of 2 for both value and dividend, which suggests its current stock price may not be undervalued and its dividend payments may not be high, the strong scores in other areas indicate a positive outlook for Genting Singapore. With its presence in various countries around the world, including popular tourist destinations such as Australia and the United Kingdom, Genting Singapore is well-positioned for continued growth and success in the long run.


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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