Hot stock: Genting Singapore rises 6.2% amid heavy trading on strong earnings
The group benefits from the relaxation of visa regulations between China and Singapore.
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SHARES of Genting Singapore rose as much as 6.2 per cent in early trading as the top traded counter on the Singapore Exchange after the Resorts World Sentosa (RWS) operator on Friday (May 10) posted a Q1 net profit that nearly doubled its year-ago performance.
As at 9.12 am on Monday, its counter was up up S$0.055 to S$0.94 with 32 million shares changing hands. It pulled back to S$0.93 as at 9.25 am, remaining as the most heavily traded counter on the local bourse.
After market closed on Friday, Genting Singapore reported S$247.4 million net profit for the first quarter ended March, up 91.5 per cent from the year-ago period, on the back of 61.9 per cent rise in revenue.
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