1QFY2020 earnings

“The pandemic has been absolutely devastating to the tourism industry across the world,” says GENS. “Our flagship property, Resorts World Sentosa (RWS) too, has been severely affected and will continue to face significant challenges,” it adds.

Looking ahead, CGS-CIMB analyst Ivy Ng says that the group remains “cautiously optimistic” that its 2Q operations will not be significantly impacted by the pandemic, provided China’s economy recovers as expected.