Two Singapore tourism companies share a common thread

Published on : Tuesday, April 11, 2017

Two Singapore tourismGenting Singapore PLC (SGX: G13) and Straco Corporation Ltd (SGX: S85)may differ in terms of their size – they have market capitalizations of S$12.9 billion and S$666 million, respectively – but the two companies do share a strong familiar thread. Both are largely dependent on tourism spending in Singapore.

 
Genting Singapore counts Resorts World Sentosa as its main business asset. The integrated resort is a tourism landmark in Singapore and some of its attractions include a casino, the Universal Studios Singapore theme park, and an oceanarium. Straco depends largely on two aquariums in China and the Singapore Flyer, which is one of the world’s largest observation wheels. In 2016, the Singapore Flyer accounted for 32.2% of Straco’s overall revenue.

 
Both companies have strong balance sheets and healthy pay-out ratios. Genting Singapore has the faster historical growth in dividends while Straco has the higher dividend yield. Putting all of these together suggests that both companies are equally decent dividend stocks.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 06 THSA 2018
  • 07 miltcongress 2018
  • 08 ShanghaiWTF 18
  • 09 APHIC 18
  • 10 Digital Travel Summit EU 2018
  • 10 ITE 2018
  • 11 questexevents 18
  • 12 aviationdevelop 2018
  • 12 Traveldaily 18
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com