Hot stock: Genting drops below S$1.00
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CASINO operator Genting Singapore has hit a fresh 52-week low in Wednesday's trading, falling below the psychologically significant S$1 mark to hit S$0.99.
Over 30 million shares were traded by around 1pm, making it the top stock by value traded on the Singapore Exchange. It was trading between S$0.99 and S$0.995.
The company has been buying back its shares. It was hit by a 50 per cent fall in quarterly profit to S$97.4 million in November last year amid a slump in Chinese visitors to Singapore.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
