tourism industry

Broker's Calls

All work and no play makes Genting Singapore a dull stock

All work and no play makes Genting SG a dull stock

Results

Genting Singapore's 1Q earnings tumble 55% to $149 mil as Covid-19 impact turns 'devastating'

“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.

Tourism

Industry outlook positive, but competition is increasing

SINGAPORE (Dec 20): Good news for Singapore’s tourism sector — visitor numbers rose in 2019. According to statistics released by the Singapore Tourism Board (STB) on Oct 30, there were 9.3 million visitors in the first half of the year. This represent

Hong Kong protests

Hong Kong slows further with business outlook worst since 2008

(Nov 5): Hong Kong’s business outlook continued to drop in October, indicating that there will be no immediate pickup from the recession in the city which is facing a global trade slowdown and domestic political unrest and violence.

Singapore casinos are so 2015 as tourists go shopping instead

(Dec 12): Singapore's casinos are so 2015. After luring tourists for half a decade, they're now losing out to the mall.
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