Shares & Derivatives
Genting Singapore AGM 22 Apr 2014
By Clueless Punter  •  April 23, 2014


I am not going to do any analysis here but some of the main points that I noted are as follows;

1. Gaming Revenue $2.19B (down from $2.37B in 2012), Non-Gaming Revenue $0.66B (up from $0.59B in 2012), Net profit $0.71B (up from $0.68B in 2012). Dividend of $0.01/share.
Directors' remuneration + >25%

2. Building a 550-room hotel, the first in the Jurong Lake District, expected to open in mid-2015. Genting is aiming for the ''premium-mass'' or so they described at the meeting. Anyway it is basically a move to get in early in Jurong.

3. Joint venture (50/50 with a Chinese property developer) in an integrated resort on Jeju Island, South Korea, slated to be open progressively from end-2017. It will comprise of luxury hotels, a large retail mall, a theme park and other leisure and entertainment facilities. It is foreigner-only and ......
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By Clueless Punter
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