Old update from other sources.
The news regarding Genting Singapore Share Price is doing rounds in the market already. A consolidated report from the various resources suggests that the third quarter of Genting Singapore can be bad as the second quarter performance was also not significant. If at all Resorts World Sentosa has done moderate business as compared to its rival Marina Bay Sands, then there are chances of improvement. Analysts are hoping the scene gets better as they are holding a lot of Genting Singapore Shares. Various scenarios are considered at the current stage to depict the performance of the third quarter.
There are chances that Genting Singapore stocks may perform well and be able to hold their ground. Is such is the case; the performance will improve by at least 20% as compared to the second quarter. However if Marina Bay Sands has outperformed the Resorts World Sentosa, then the third quarter performance of Genting SP will be a disaster but apparently it may be better than the second quarter. For every casino to do well, the VIP side must churn out better returns. If that has happened with Genting Singapore, it could prove to be a savior. If the VIP segment does not give high numbers consistently, introducing new non-gaming facilities may not be very useful.
All this has put the whole company in a dilemma which is also affecting the Genting Singapore Share Prices. In 2010, the casino industry did help Singapore in its economic growth. However since it is a supply oriented industry, there are regular ups and downs. However, it is the casino segment that also led to increase in tourism of Singapore. The theme parks and integrated resorts are a good crowd pleaser and can do good business during peak months. However, the debts of expanding such facilities are high and thus put the companies in losses.
Genting Singapore stocks have been stable since the beginning. However, even when it dominated the Southeast Asian Markets, their market size was not very great. Undoubtedly, Genting SP Stocks have been listed on the major listing of the Singapore Stock Exchange since 2005 but investors have not seen remarkable rise in the stock levels. Speculation keeps doing its rounds around the stocks of the company and thus causes dissatisfaction. The company also announced that it was ready to pay its first dividends but that would be only post 2011. The company has to first repay the debts from the bank and only then can dividend be issued.
But analysts still suggest that buying Singapore Genting stocks is advisable even if they have not paid dividends yet. This is because the scenario could improve once the expansion plans are in place and Genting SP acquires two more hotels. Since the hospitality industry in Singapore is already facing occupancy of almost 80%, the new hotels will help in matching the demand and supply cycle. More methods for VIP members should also be introduced. The government is also planning to review the tax regime of Genting Singapore upwards.