GENTING SINGAPORE Announces FY2023 Q2 Earnings Results for June 30 2023
August 12, 2023
🌥️Earnings Overview
On August 10 2023, GENTING SINGAPORE ($SGX:G13) reported its earnings for the second quarter of FY2023, which concluded on June 30 of the same year. The company earned SGD 1080.4 million in revenue, representing a remarkable 62.9% growth compared to the same quarter of the prior year. Net income for the quarter was SGD 276.7 million, an increase from SGD 84.4 million from the previous year.
Market Price
GENTING SINGAPORE announced its fiscal year 2023 Q2 earnings results for June 30 2023 on Thursday. The stock opened at SG$0.9 and closed at the same price, representing a flat change. On the day of the announcement, GENTING SINGAPORE’s volume was two million shares, substantially higher than its average daily volume of five hundred thousand shares.
Overall, GENTING SINGAPORE’s second quarter results showed positive growth both in terms of revenue and earnings. This is encouraging news for investors and the stock is expected to continue its positive momentum as the company continues to expand its operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genting Singapore. More…
| Total Revenues | Net Income | Net Margin |
| 2.14k | 532.34 | 24.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genting Singapore. More…
| Operations | Investing | Financing |
| 942.26 | -224.69 | -566.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genting Singapore. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.86k | 823.53 | 0.67 |
Key Ratios Snapshot
Some of the financial key ratios for Genting Singapore are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 43.8% | 32.6% |
| FCF Margin | ROE | ROA |
| 33.4% | 5.4% | 4.9% |
Analysis
At GoodWhale, we conducted an analysis on GENTING SINGAPORE‘s fundamentals. We found that based on our Risk Rating, GENTING SINGAPORE is a low risk investment in terms of both its financial and business aspects. However, this doesn’t mean that you should take no caution–we have identified one risk warning in the company’s income sheet. For more information on this warning, register on GoodWhale.com and view the full report. More…
Peers
Genting Singapore Ltd is one of the major players in the competitive gaming and leisure industry, facing off against a number of key competitors including Bloomberry Resorts Corp, Genting Malaysia Bhd, and Full House Resorts Inc. With a diversified portfolio of entertainment and gaming offerings, Genting Singapore has been challenging these rivals to gain market share and maximize profits.
– Bloomberry Resorts Corp ($PSE:BLOOM)
Bloomberry Resorts Corp is a Philippines-based real estate and hospitality company. It owns and operates integrated resorts and hotels, primarily in the Philippines, including its flagship Solaire Resort & Casino in Manila. As of 2023, Bloomberry Resorts Corp has a market cap of 126.11B and a Return on Equity of 25.22%. This indicates that Bloomberry Resorts has a strong financial foundation and has been able to generate strong returns on shareholders’ investments. Its portfolio of integrated resorts and hotels has earned it recognition among the hospitality industry in the Philippines.
– Genting Malaysia Bhd ($KLSE:4715)
Genting Malaysia Bhd is one of the leading leisure, hospitality, and entertainment companies in Southeast Asia. The company operates various integrated resorts, casinos, and other entertainment venues in the region. As of 2023, Genting Malaysia Bhd has a market capitalization of 14.91 billion, making it one of the largest companies in Malaysia. Additionally, the company has a Return on Equity (ROE) of 1.51%, which indicates that the company has been able to generate a return on its investments.
– Full House Resorts Inc ($NASDAQ:FLL)
Full House Resorts Inc is a hospitality and gaming company based in Las Vegas, Nevada. The company develops, manages, and owns casinos, hotels, and other related entertainment venues across the United States, and is currently listed on the NASDAQ Global Select Market. As of 2023, its market cap stands at 180.15M. Its Return on Equity (ROE) is -4.54%, indicating that the company has failed to generate a satisfactory return on its equity investments. The company, however, is looking to build up its gaming portfolio by expanding into new markets and increasing its presence in existing markets.
Summary
Investors should take note of Genting Singapore‘s strong second quarter results for FY2023. The strong performance was attributed to higher revenue in all segments, except for the leisure and hospitality segment. The company also reported healthy margins for both revenue and net income. Going forward, investors should keep an eye on the company’s future prospects, as it continues to work on improving its operations and generating value for shareholders.
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