Genting Singapore also known as Genting Singapore PLC is an investment holding company. The main areas of business of this company are leisure and hospitality. The company takes complete responsibility of planning, operations, development, marketing etc related to the integrated resorts and casinos that are under them. The Genting Singapore is also responsible for the investments, sales provisions, marketing the services and provision of information technology services to their businesses. In the last two years, the company has incorporated a number of different firms to rise in the Singapore stock market.
The different firms that were incorporated by Genting Singapore are Resorts World Properties III Pte Ltd, Tamerton Pte Ltd, Prestelle Pte Ltd and Orionbest Pte Ltd. Besides these, they have also acquired 20% interest in Resorts World Inc. Pte. Ltd and Blue Shell International Ltd. Thus, with such promising future, Genting Singapore Stocks are listed on the Singapore Stock Exchange. According to the latest reports of Nov 2011, Genting Singapore in its third quarter has adjusted earnings of almost S$375.5 million which has increased by 7% compared to its last year’s performance. Thus, the Genting Singapore share prices may see a good rise in the near future.
However, Genting Singapore shares, which also include the performance of Resorts Worlds Sentosa and the Casino, might have lost their top position to their rival. The Nov 2011 reports also claimed that Genting Singapore Stocks may see a remarkable change in their position. It could be either a rise or downfall. Though the stocks fell by 1.2%, the adjustable earnings of the third quarter saw a rise as compared to last year. Most investors realize that casinos are an industry driven by supply. Hence the rise and fall of stock prices is a regular trend. However, if held for long term these stocks will definitely yield good returns.
In fact the economic growth of Singapore in 2010 was supported to a large extent by the gambling related tourism. If new games and modern facilities like convention space, online gaming, exhibition centres, shopping malls etc are added to the integrated resorts, the Genting Singapore stock price will definitely see a growth in their rates. The volatility of the market is bound to affect every business and sector. Hence the gaming, leisure and hospitality also suffer. Also, the Resorts World Sentosa along with its rival Marina Bay Sands has helped the economy of Singapore to expand by 14.5%.
There are market experts who are not hoping that there will be remarkable changes in the Genting Singapore Stocks as the casino industry as a whole is not doing very well. It is best for investors to be realistic and not expect heavy returns. Those skeptical can also book their losses but if kept for a longer duration, there could be chances of improvement. It is also to be noted that even when Genting Singapore was ruling the casino scene, the Genting Singapore stocks were not at its peak. They did show promising returns and offered good profits for a while.