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Will Genting Singapore Be Affected By The New Integrated Resorts’ Expansion?

Will Genting Singapore Be Affected By The New Integrated Resorts’ Expansion?

In a joint statement on Wednesday evening (April 3), the operators of the two integrated resorts (IR) will pump in $9 billion to build world-class attractions, which will include a fourth tower to the iconic Marina Bay Sands (MBS) development, three new hotels, a 15,000-seat entertainment arena and extensions to Universal Studios Singapore (USS).

Image result for mbs singapore casino

Image result for rws casino

The Ministry of Trade and Industry said that the $9 billion investment is almost two-thirds of the IRs’ initial investment of about $15 billion in 2006.

According to the Straits Times, MBS and Resorts World Sentosa (RWS) will be allowed to expand their casino operations, with their exclusive rights to run a casino here extended until the end of 2030.

However, their gambling revenue will be further taxed by the Government. This means that casino levies on Singapore residents will be increased. The daily levy will go up from $100 to $150 from Thursday (April 4), while the annual levy is being increased from $2,000 to $3,000.

Genting Singapore, which has its key business vested in RWS, has inadvertently been drawn into the limelight.

Genting Singapore has announced the plans to invest $4.5 billion to renew and refresh Resorts World Sentosa (RWS).

In view of this investment, the government has agreed to extend the exclusivity period for the two casinos at RWS and Marina Bay Sands (MBS) to end-2030. MBS, on the other hand, also committed to a $4.5 billion investment to expand its property.

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How To Invest during a Weak Market: Moat Investing

How To Invest during a Weak Market: Moat Investing

Why are some stocks performing better in long run than others? Do you have stocks in your portfolio that are strongly outperforming the rest or even beat the STI?

maxresdefaultPhoto: just Usain Bolt outperforming other competitors with little effort.

We do too, and after some research, we’ve discovered 2 important points:

  • In the short term, market in moves because of emotions
  • In the long term, prices moves because of how much money the company makes

Companies with high returns can retain some for growth while paying dividends. Those that do this for a long time achieving amazing results in the long run through compounding.

But taking a step back in order to move a step further, we have to go back to the very crucial part of analysing the business, particularly the competitive advantages of the company’s business model.

Why?

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New Service Launch For Investors: Moat Scorecard!

New Service Launch For Investors: Moat Scorecard!

Introducing the Moat Scorecard – Buy a wonderful company at a fair price.

Competitive Advantages of over 600+ SGX-listed companies derived systematically through a scorecard system and see how they rank.

We’re excited to have a new launch, a system created by veteran financial bloggers @TUBInvesting & @Simpleinvestorsg here → https://goo.gl/UfjSmB 

Moats refers to a business’ ability to maintain its competitive advantages over its competitors in order to protect its long-term profits and market share. It is generally a qualitative term and it is hard to assign a number/ratio to determine a company’s moat.

The Moat Scorecard is a report that measure a business’ moat in terms of strength, durability and trend. In addition, it compares the score with companies in the same industry, and provides an analysis of the company’s fundamentals. These includes balance sheet strength, share dilution and financial strength. There is also a handy guide for price analysis using various methodology, with an share price indicated where value would likely be present. As per Warren Buffett had said, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” 

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