{"id":777016773,"date":"2024-06-27T09:28:19","date_gmt":"2024-06-27T12:28:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016773"},"modified":"2026-04-22T08:42:00","modified_gmt":"2026-04-22T11:42:00","slug":"genting-singapore-to-post-ebitda-of-us180-9m-for-q2-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-to-post-ebitda-of-us180-9m-for-q2-analysts-say","title":{"rendered":"Genting Singapore to post EBITDA of US$180.9m for Q2, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Morgan Stanley predicts a sequential decline of about 35 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Singapore.-\u00a0<strong>Morgan Stanley Asia\u00a0<\/strong>has predicted<strong>\u00a0<\/strong>that\u00a0Genting Singapore, the operator of <strong>Resorts World Sentosa (RWS)<\/strong>,<strong> <\/strong>will post earnings before interest, taxation, depreciation, and amortisation (EBITDA) of SG$245m (US$180.9m) for the first quarter. The figure would represent a sequential decrease of 35 per cent and a decrease of 80 per cent when compared to the second quarter of 2019, before the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts\u00a0<strong>Praveen Choudhary<\/strong>\u00a0and\u00a0<strong>Gareth Leung<\/strong>\u00a0said the decrease is mainly due to seasonal factors, lower visitor numbers compared to the previous quarter, and <a href=\"https:\/\/focusgn.com\/asia-pacific\/hard-rock-hotel-singapore-to-close\" target=\"_blank\" rel=\"noreferrer noopener\">a 23 per cent reduction in operational room capacity<\/a> quarter-on-quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the first quarter of the year, the company posted revenue of SG$784.4m (US$580m), up 62 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/genting-singapore-posts-revenue-of-us363m-for-q1\" target=\"_blank\" rel=\"noreferrer noopener\">in year-on-year terms<\/a> and up 21 per cent when compared to the previous quarter. Adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) were SG$369.5m (US$273m), up 93 per cent year-on-year and 62 per cent sequentially. Net profit was SG$247.4m (US$183m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/analysts-have-positive-outlook-for-genting-singapore-in-2024\" rel=\"noreferrer noopener\">Analysts have positive outlook for Genting Singapore in 2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley predicts a sequential decline of about 35 per cent.<\/p>\n","protected":false},"author":176,"featured_media":21474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Morgan Stanley Asia forecasts Genting Singapore's Q1 EBITDA at SG$245m, a 35% sequential decline attributed to seasonal factors, reduced visitor numbers, and decreased room capacity. Despite this, the operator reported significant year-on-year revenue and EBITDA growth, reaching SG$784.4m and SG$369.5m respectively, with net profit at SG$247.4m.","focusai_entities":"Morgan Stanley Asia, Genting Singapore, Resorts World Sentosa, Praveen Choudhary, Gareth Leung","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q1 EBITDA Drivers","query":"What specific operational adjustments or market shifts could Genting Singapore implement to mitigate the impact of seasonal declines and capacity reductions on future EBITDA performance?"},{"label":"Long-Term Outlook","query":"How do Morgan Stanley's long-term projections for Genting Singapore's GGR and NGR account for ongoing tourism recovery, potential regulatory changes, and competitive landscape shifts in the APAC region?"}],"footnotes":""},"categories":[157,16333],"tags":[23687],"class_list":["post-777016773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-genting-singapore"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777016773"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016773\/revisions"}],"predecessor-version":[{"id":777016802,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016773\/revisions\/777016802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21474"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}