After a lackluster 4Q23, Genting Singapore’s 1Q24 results beat Maybank IB’s and consensus expectations albeit on higher-than-expected VIP win rate benefitting from the en masse return of Chinese visitors. Adjusted for normal VIP win rate, the house expects 2Q24 to be seasonally slower but 3Q24 and 4Q24 to be seasonally stronger. Maybank IB trims its […]
After a lackluster 4Q23, Genting Singapore’s 1Q24 results beat Maybank IB’s and consensus expectations albeit on higher-than-expected VIP win rate benefitting from the en masse return of Chinese visitors. Adjusted for normal VIP win rate, the house expects 2Q24 to be seasonally slower but 3Q24 and 4Q24 to be seasonally stronger. Maybank IB trims its […]