Genting Singapore jumps to five-month high on surprise earnings rebound

Fiona Lam

Published Mon, Nov 16, 2020 · 09:50 PM

Singapore

SHARES of integrated resort operator Genting Singapore, its Malaysian counterpart and their parent company all surged on Monday, boosted by a quarter-on-quarter turnaround in the Singapore firm's bottom line.

Genting Singapore climbed as much as 9.1 per cent to hit 82 Singapore cents at around 11.52am. It eased slightly to close at 80.5 cents, up six cents or 8.1 per cent from the previous close. Nearly 107 million shares changed hands, making it the second-most traded by value and fourth by volume on the Singapore bourse for the day.

The last time the mainboard-listed counter's price reached such levels was in early June this year.

Meanwhile, Genting Malaysia Berhad, which operates Resorts World Genting, rose 4.1 per cent or RM0.10 to end at …