Hot stock: Genting Singapore shares down 6.9% in morning trade
Add BT as a preferred source
SHARES of Genting Singapore traded down 6.9 per cent or seven Singapore cents to S$0.945 as at 10.55am on Friday, topping the list of actively traded counters for the morning.
On Thursday, the company reported first-quarter net profit that was 73 per cent lower at S$62.7 million, on the back of lower revenue.
Including S$29 million apportioned to holders of perpetual securities, net profit was 64 per cent lower at S$91.7 million.
"The Asian gaming industry is adjusting to a new norm. The premium gaming market continued to be weak," Genting Singapore had said in a statement.
Share with us your feedback on BT's products and services
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Family businesses fail when members overstep their roles
