(Stock Discussion) SGX: Genting Singapore Ltd (SGX: G13)?

Is this stock the best option for a long-term investment with a focus on dividend income, given that the trailing dividend yield is only 3.45% per year?

Genting Singapore just posted its 2020 first-half results yesterday. I thought it would be interesting to watch this company given the travel curbs brought about by the COVID-19 pandemic. Here are some highlights from the latest earnings:

• Revenue plunged 65% year-on-year to S$448.2 million.

• Genting was in gross loss of S$33.2 million, reversing its gross profit of S$543.2 million a year ago.

• Overall, net loss stood at S$116.7 million, while in the previous year, Genting posted a net profit of S$373.9 million.

• There was no interim dividend declared (last year, a dividend of 1.5 Singapore cents per share was given).

With the continued travel curbs and the pandemic still raging in many parts of the globe, it looks like it will take some time before we return to a pre-COVID-19 world.
Genting said that the "medium term outlook for the entire travel environment remains significantly challenged" and that "air travel in Asia is only expected to reach 50% of pre Covid-19 levels by June 2021".

Investors who are looking to invest in this company have to be mindful of this medium-term risk. ​​​