Genting Singapore Ltd

G13: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SGD 4.37	Bzvxjg	Szfc

Genting Singapore Has Strong Q3 Growth As Visits Continue To Recover; Shares Undervalued.

Jennifer Song

Nov 11, 2022

Genting Singapore reported strong-third quarter results, with adjusted EBITDA rising 73% to SGD 249 million from the prior quarter and tracking 89% of 2019 levels. This is in line with our expectations, as pent-up demand for casinos from Asian countries, particularly Malaysia and Indonesia, has been released after the easing of coronavirus restrictions. With tourism traffic and airline capacity continuing to recover, we expect Singapore casinos to extend strong growth momentum in fourth-quarter 2022.

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