Genting Singapore (Genting SP) is a member company of the Genting Group which is an Asian multinational firm. The holding company is the Genting Berhad while the Genting Singapore PLC is just a country wise member company. This group is specialized in developing and operating casinos and many resorts across the world. It was founded in 1965 and hence they have more than 26 years of experience in this area. Voted as the best managed multinational of Asia, the Genting Group has spread its business across USA, Australia, Philippines, Malaysia, and UK. The Genting Highlands resorts include a lot of high profile casinos, theme parks, retail shopping centers and so on.
The Genting Singapore Shares are listed in the country’s stock market. What started as a business including hospitality services has expanded their business in many other areas like plantations, power generation, oil and gas, information technology and many more other areas. One of their biggest achievements was the cruise liner Star Cruise which is the world’s third largest cruise liner and thus has a listing in the stock exchange of both Singapore and Hong Kong. It has also been renamed as Genting Hong Kong a few years back. With its head office in Malaysia, the Genting group has a huge turnover.
Genting Singapore PLC is an investment holding company and thus the reputation of Genting Singapore stocks is very good in the markets. The parent or holding company has a share of 53.9% in Genting Singapore PLC. Under Genting Singapore, the group has built one of the best theme parks and resorts known as the Resorts World Sentosa. This includes hotels, shopping, convention centre, gaming and leisure facilities etc. The creation of this resort has definitely helped he tourism in Asia. The Universal Studios Singapore is also a project by the Genting Singapore group.
Out of all the 640 main board listings and 134 catalist listings of the Singapore exchange, the Genting Singapore Share Price is doing very well. The Singapore stock exchange is quite stringent about placing companies on its main board. Only if the company is doing remarkably well then it is placed on its listing and Genting Singapore Stocks have found this place for years. The qualifier is that the average daily market capitalization for a period of last 120 continuous market days must be greater than $40 million. If the company does not perform well for 2 consequent years then it is de-listed. Until then it is kept on watch.
Genting Singapore shares have been listed on the stock exchange of Singapore since 2005. As per the survey in May 2011, the market capitalization of Genting Singapore is US$ 19.7 billion. In 2010, the market has announced that investing in Genting Singapore Stocks was a good option but the picture is not rosy anymore. The company did see a downfall in May 2011. Investors are also avoiding their bets on it but it will surely maximize profits for those who are holding their shares for a longer duration.