Genting Singapore 🇸🇬 Excellent Q1 performance, parent company GENTING breathes a sigh of relief 😮‍💨

HarryTeo wrote a column · May 10, 2024 21:43

Genting Singapore 🇸🇬 Excellent Q1 performance, parent company GENTING breathes a sigh of relief 😮‍💨

2023Q4 Genting Singapore 🇸🇬's earnings were not ideal due to unfavorable earnings. After that, the stock price fell by more than 20%, and the parent company also declined after the announcement of the Singapore results. Today's sales and net profit, which have reached new highs in recent years, are mainly due to the fact that Singapore and China were visa-free in February to drive profits.

Listed companies in Singapore only announce their results once every six months, but some companies voluntarily announce quarterly results. However, it will be very brief, usually only a few pages. The following is an explanation of Genting Singapore's Q1 performance.

$Genting Sing (G13.SG)$

$GENTING (3182.MY)$

According to the results announced in February, GenTing's profit was poor due to negative performance. Singapore has performed well this quarter, and GENM is not expected to be bad either. We can't predict stock prices, but net profit QOQ and YOY growth shouldn't be difficult; we'll know by the end of the month!

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