SGX:G13

Market Chatter: Genting Unveils $20 Billion Smart City Project in Johor-Singapore Economic Zone

Genting (KLSE:GENM, SGX:G13) has launched a SG$20 billion smart city project, which features an AI research facility in Johor, Malaysia, near the Johor-Singapore Special Economic Zone, Nikkei reported Thursday.The development named Johor Tech Smart City, spans across 9.3 square kilometers, and has attracted participation from Huawei Technologies and Chinese humanoid robot developer, Agibot Innovation Technology, the report said.Near the special economic zone, the site provides the Malaysia- and Singapore-listed company with tax incentives, with the developer planning long-stay residential spaces, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Genting Singapore Buys Back SG$1.3 Million Worth of Shares

Genting Singapore (SGX:G13) bought back about 2.3 million shares in the open market on Tuesday for SG$1.3 million, according to a same-day filing with the Singapore Exchange.Shares of the company were down nearly 1% in Wednesday trading.To date, the leisure, hospitality and integrated resorts development specialist has bought back nearly 9 million shares under its existing mandate.

DBS Downgrades Genting Singapore to Hold from Buy; Price Target is SG$0.67

DBS Downgrades Genting Singapore to Hold from Buy, Adjusts Price Target to SG$0.67 from SG$0.85

Nomura Downgrades Genting Singapore to Reduce From Buy, Adjusts Price Target to SG$0.63 From SG$0.95

Genting Singapore (SGX:G13) has an average rating of hold and mean price target of SG$0.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Genting Singapore's Net Profit Declines 55% in Q1

Genting Singapore's (SGX:G13) net profit after tax fell 55% in the first quarter of the year to SG$65.2 million from SG$145.0 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Revenue also dropped 3% year over year to SG$607.6 million from SG$626.2 million, largely due to diminished returns from the gaming segment.

Genting Singapore Issues Share Awards as Incentives

Genting Singapore (SGX:G13) granted 750,000 share awards at SG$0.7 per share under its performance share scheme, according to a Wednesday filing with the Singapore Exchange.The awards will vest one year from date of grant, subject to satisfaction of service condition.