Rounding up top investing articles from around the web, including articles shared on Twitter.
Marina Bay Sands sees profit surge 51.5% to $811.4 million in Q1 on tourism boom (Straits Times)
Marina Bay Sands (MBS) reported a record performance in the first quarter of 2024, with profit surging 51.5 per cent year on year.
Its adjusted property earnings before interest, taxes, depreciation and amortisation stood at US$597 million (S$811.4 million) for the three months to end-March, up from US$394 million a year ago.
This came as revenue rose 36.8 per cent to US$1.16 billion from US$848 million in the first quarter of 2023.
MBS helped drive up the earnings of its parent company, casino giant Las Vegas Sands (LVS), that were announced on April 17.
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co (Straits Times)
Property analysts from OrangeTee and ERA Realty attributed the rise in demand for condo rentals to the narrowing price gap between condos and HDBs....