Genting Sing    Last:0.615   -

genting sing

I disagreed with you that the economies are not doing well. In fact, it was doing quite well at the moment where you see alot of companies reported very good profit, stock index hitting new high even our COE also in record high.

tongphlp      ( Date: 29-May-2026 20:48) Posted: yes, that was the idea. look at mediacorp and mediaworks. newspapers, tv. what happened in the end? mergers, acquistions. times changed, economies are not doing well with war, inflation, interest rate hikes.... what' s certain may be uncertain n3wbie      ( Date: 29-May-2026 19:23) Posted: Dont think govt will end up allowing a monopoly to manag

 

yes, that was the idea. look at mediacorp and mediaworks. newspapers, tv. what happened in the end? mergers, acquistions.
times changed, economies are not doing well with war, inflation, interest rate hikes....
what' s certain may be uncertain

n3wbie      ( Date: 29-May-2026 19:23) Posted: Dont think govt will end up allowing a monopoly to manage tongphlp      ( Date: 29-May-2026 11:40) Posted: who else but sands...with deep pocket

 

Dont think govt will end up allowing a monopoly to manage

tongphlp      ( Date: 29-May-2026 11:40) Posted: who else but sands...with deep pockets n3wbie      ( Date: 15-May-2026 11:15) Posted: Who else would put in the kind of capex and commitment to support Singapore tourism

 

who else but sands...with deep pockets

n3wbie      ( Date: 15-May-2026 11:15) Posted: Who else would put in the kind of capex and commitment to support Singapore tourism? alexvar      ( Date: 13-May-2026 14:12) Posted: pathetic company, getting totally decimated by Las Vegas Sands Corp MBS in Singapore. a real risk that Singapore govt will not renew its gaming license anymore. dydd

 

Not beyond compare: Genting Singapore&rsquo s weak hand is getting harder to hide

It&rsquo s hard not to compare RWS with its high-flying rival MBS, even though they target different market segments

[SINGAPORE] Every gambler should know when to hold &lsquo em, when to fold &lsquo em, when to walk away, and when to run, according to Kenny Rogers&rsquo classic song.

This sagely advice could not be more appropriate for Genting Singapore shareholders right now.

The integrated resort (IR) and casino operator &ndash one of only two in a tightly controlled space in Singapore &ndash is bleeding chips. And the market is quickly losing its patience.

While the benchmark Straits Times Index (STI) has romped to a 29.9 per cent increase in value over the past year, Genting Singapore : G13 +0.85% is firmly in the cellar.

The counter is the worst-performing STI constituent stock, with its share price falling 15.7 per cent over the same period.

It currently trades at a 13 per cent discount to its book value. But investors looking to buy into a blue-chip stock on the cheap should probably look the other way.

Since its latest first-quarter business update on May 12, analysts from at least four research houses &ndash JP Morgan, DBS, UBS and Hong Leong Investment &ndash have downgraded their recommendations on the counter as the long-awaited recovery story fails to take shape.

To make matters worse, the regulatory picture brings little comfort.

The Gambling Regulatory Authority (GRA) recently disclosed that it issued a letter of censure to the Resorts World Sentosa (RWS) operating entity, citing a &ldquo failure to implement a specified internal control&rdquo approved under the Casino Control Regulations.

This makes RWS the only gaming operator to face the regulator&rsquo s disciplinary action for the financial year ended Mar 31, 2026 &ndash a distinction the company could certainly do without.

Imperfect comparison

At its recent annual general meeting, Genting Singapore executive chairman and acting CEO Lim Kok Thay &ndash one of Malaysia&rsquo s richest men &ndash urged shareholders to stop comparing RWS with its rival across the bay, Marina Bay Sands (MBS).

He made a fair point. Singapore had intended for the two IRs to serve very different purposes from the start.

RWS is a family-oriented island destination with a larger emphasis on non-gaming offerings such as theme parks and attractions, which draw in tourism spending. MBS is a business-focused powerhouse, focusing on the meetings, incentives, conventions and exhibitions space, sitting comfortably in the central business district.

Comparing a sprawling island resort to a downtown convention hub is imperfect it makes sense to judge Genting Singapore on its own historical merits.

Yet, when you look at the company&rsquo s full-year results for 2025, you quickly understand why management wants to manage expectations.

Overall revenue for FY2025 dipped 3 per cent to S$2.45 billion, which management blamed on a lower win rate on the casino floor.

But the real pain was felt at the bottom line, as net profit plunged 33 per cent to S$390.3 million. The group&rsquo s adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) fell 15 per cent to S$815.8 million.

The severe drop in profits stemmed from the massive expenses required to keep an ageing IR relevant. The group bears the heavy burden of ramp-up costs for new launches, expenses from temporary closures, and ongoing infrastructure upgrades for the massive S$6.8 billion RWS 2.0 revamp.

Perhaps, 2025 was just an unlucky transition year. However, the latest first-quarter results for 2026 suggest that the bleeding has continued.

Q1 net profit plunged 55 per cent to S$65.2 million, while adjusted Ebitda fell 24 per cent to S$179 million. The management pointed to the ongoing Middle East conflict and elevated airfares, arguing that these macro factors softened tourist receipts.

But that explanation rings hollow when you consider the broader landscape.

Las Vegas Sands executives recently declared that MBS delivered &ldquo simply the greatest quarter in the history of casino hotels&rdquo at the end of 2025. It is now seen by industry analysts as one of the most profitable casino properties in the world.

Indeed, the iconic downtown property draws from largely the same pool of tourists and faces the same global headwinds as RWS, yet it continues to post massive growth.

Expensive effort

Genting Singapore often points to its non-gaming business as a bright spot.

Keeping visitors entertained is crucial, and refreshing attractions such as Minion Land at Universal Studios Singapore and the new Singapore Oceanarium did lift non-gaming revenue.

However, running lifestyle attractions is an expensive effort. The cost of marketing, staffing and maintaining these massive assets eats into profit margins, and cannot easily plug the financial hole left by missing casino high-rollers.

Looking ahead, transformation-related expenses will likely remain painfully high.

This leaves shareholders in a very uncomfortable spot.

RWS is stranded on an island the company must spend heavily just to drive foot traffic across the bridge. Once visitors arrive, the costs of keeping them fed and entertained are high, while the highly profitable gaming floor remains worryingly quiet.

Investors are left waiting for the RWS 2.0 revamp to be fully completed by 2030.

They must fund an expensive transition and endure prolonged construction noise, hoping it will eventually translate into a real earnings recovery.

In downtown Singapore, MBS too will be looking to fund its own multibillion-dollar expansion, including a fourth tower and an entertainment arena. But as it rakes in record profits, investors are more likely to be drawn to its merits.

Genting Singapore is right to point out the structural differences between the two IRs. We should probably stop expecting RWS to match the world&rsquo s most profitable casino dollar for dollar.

But even judged entirely on its own historical merits, the house in Sentosa is playing a very weak hand. And investors should consider whether it&rsquo s time to fold and walk away &ndash at least for now.

 

Who else would put in the kind of capex and commitment to support Singapore tourism?

alexvar      ( Date: 13-May-2026 14:12) Posted: pathetic company, getting totally decimated by Las Vegas Sands Corp MBS in Singapore. a real risk that Singapore govt will not renew its gaming license anymore. dydd

 

Genting Singapore: Analysts lower targets, downgrade ratings as Q1 profit misses expectations

DBS Group Research suggests a &lsquo comprehensive rethink&rsquo of the company&rsquo s operational strategy

[SINGAPORE] DBS Group Research downgraded Genting Singapore : G13 0% to &ldquo hold&rdquo on Wednesday (May 13) and decreased its target price on the stock to S$0.67, in the wake of the company&rsquo s &ldquo disappointing&rdquo first-quarter results.

Despite introducing new attractions at Resorts World Sentosa (RWS) &ndash which it owns and operates &ndash the group on Tuesday posted a Q1 performance that was notably below market expectations.

Nomura analysts said the earnings &ldquo (disappointed) again due to low VIP market share and higher costs&rdquo .

They described Genting Singapore&rsquo s earnings before interest, taxes, depreciation and amortisation for the period as &ldquo a significant miss, accounting for 18 per cent and 19 per cent of our previous and Bloomberg consensus estimates&rdquo , respectively, for the 2026 financial year.

They lowered their rating on the stock to &ldquo reduce&rdquo from &ldquo buy&rdquo , and cut the target price to S$0.63 from S$0.95.

Genting Singapore&rsquo s results suggest the need for a &ldquo comprehensive rethink of its operational strategy and asset enhancement initiatives... to restore the company to its historical profitability levels&rdquo , DBS said.

The research house also highlighted the &ldquo significant competitive pressure&rdquo from rival Marina Bay Sands (MBS), which posted record profits for Q1.

Meanwhile, CGS International (CGSI) Securities Singapore maintained &ldquo hold&rdquo on the stock, citing underwhelming gaming volumes and the pressure of elevated operating costs. It lowered its target price to S$0.67 from S$0.69.

Gaming loss, competitive pressure

Nomura attributed the results miss to the &ldquo unexpected&rdquo 24 per cent quarter-on-quarter decline in VIP rolling chip volume to S$5.6 billion. It said this was contrary to seasonal trends, where Q1 is typically the peak quarter for gaming.

The brokerage also noted that while MBS&rsquo VIP rolling chip volume jumped 34 per cent on the quarter, RWS' VIP gaming market share declined to a record low of 20 per cent.

CGSI believes MBS&rsquo city centre location provides a superior captive environment for international tourists. &ldquo We believe it could be a &lsquo winner-takes-most&rsquo situation for Singapore integrated resorts, in favour of MBS.&rdquo

Similarly, DBS analysts said that RWS&rsquo &ldquo positioning on Sentosa island, which is relatively less accessible, presents a locational disadvantage&hellip As such, significant activation efforts are required to drive higher visitation&rdquo .

They also noted that Genting Singapore &ldquo has been tightening credit extension, which may have contributed to lower VIP visitations&rdquo .

Still, with overall industry growth remaining robust in Q1, the analysts think the &ldquo activations and renovations at RWS have yet to resonate sufficiently with its customer base to offset its locational disadvantage&rdquo .

Staying under pressure

Genting Singapore&rsquo s operating leverage is also expected to remain under pressure throughout the rest of FY2026.

&ldquo We expect the remainder of the year to remain challenging, particularly amid headwinds from softer tourist inflows due to rapidly rising airfares,&rdquo DBS analysts said.

&ldquo With VIP volumes likely to remain weak and operating costs elevated, we expect a meaningful loss of operating leverage.&rdquo

CGSI also foresees the company&rsquo s operating expenses staying elevated as a result of new lifestyle and dining concepts introduced in April.

It expects profitability to be &ldquo dented persistently&rdquo , with an &ldquo arduous journey&rdquo to improvement ahead.

But despite downgrading its earnings outlook for Genting Singapore, CGSI said the company&rsquo s balance sheet anchors support for the stock.

The group maintained a net cash position exceeding S$3.2 billion, allowing management to reiterate its commitment to an absolute dividend of S$0.04 a share.

This translates to a forward dividend yield of around 5.8 per cent, which both DBS and CGSI believe will act as a floor for the share price amid operational challenges.

Shares of Genting Singapore closed Wednesday at S$0.62, S$0.07 or 10.1 per cent lower.

 

Genting Singapore Q1 net profit drops 55% to S$65.2 million on lower gaming revenue

Ongoing conflict in the Middle East and current geopolitical developments have raised cost pressures

[SINGAPORE] Genting Singapore : G13 -10.87%, which operates Resorts World Sentosa (RWS), on Tuesday (May 12) posted a net profit of S$65.2 million for its first quarter ended Mar 31, down 55 per cent from S$145 million in the year-ago period.

Group revenue fell 3 per cent on the year to S$607.6 million from S$626.2 million, driven by lower gaming revenue which dropped 8 per cent to S$403.4 million from S$437.5 million.

The group said that &ldquo steady operational progress&rdquo was made in the quarter, noting that gaming revenue showed &ldquo improving momentum towards the end of the period&rdquo .

Meanwhile, non-gaming revenue rose 8 per cent on the year to S$204.1 million from S$188.5 million, supported by higher visitation to key attractions including Universal Studios Singapore and the Singapore Oceanarium at RWS.

Adjusted earnings before interest, taxes, depreciation and amortisation fell 24 per cent to S$179 million from S$235.8 million in the previous corresponding period.

Genting Singapore said that the ongoing conflict in the Middle East and current geopolitical developments have increased cost pressures across supply chains. This has led to higher energy, freight and logistics expenses, while elevated airfares also weighed on travel demand and dampened consumer sentiments.

The group noted that it will address these challenges while seeking to capture opportunities through targeted programming and market-focused initiatives.

It will also focus on asset optimisation to enhance guest experience and broaden revenue streams. This includes delivering seasonal events and promotions to improve resort vibrancy and guest engagement, alongside refreshed lifestyle and dining concepts.

Recent openings in April include premium day spa Bodhi Spa at luxury hotel The Laurus, alongside Quan Hotpot restaurant and the addition of new tenants such as People People Brewing Co. The group has also launched attraction season passes to drive repeat visitation.

The integrated resort operator&rsquo s Q1 profit is in contrast with that of Marina Bay Sands, which on Apr 22 reported a new high for the first quarter. Its earnings climbed 30.2 per cent to US$788 million &ndash or S$1 billion &ndash for the three months ended Mar 31.

In its previous earnings in February, Genting Singapore&rsquo s net profit for the second half of its financial year declined 30 per cent year on year to S$155.6 million, from S$222 million, although revenue rose 5 per cent to S$1.24 billion, from S$1.17 billion previously, as newly refreshed offerings lifted resort activity.

The group said then that ongoing capital expenditure for its RWS 2.0 transformation had affected its cash flow and balance sheet. It added that the refreshment of existing assets and construction progress led to significant cash outflows.

The counter ended 1.5 per cent or S$0.01 higher at S$0.69 before the news.

 

Singapore gov' s policy is always to maintain at least 2 Casino so renewal of gaming license is not a concern at all. Need more info. on what is that high costs that drag down the earning so much?

 

pathetic company, getting totally decimated by Las Vegas Sands Corp MBS in Singapore.

a real risk that Singapore govt will not renew its gaming license anymore.

dydd

 

05:45 AM EDT, 05/12/2026 (MT Newswires) -- Genting Singapore's (SGX:G13) net profit after tax fell 55% in the first quarter of the year to SG$65.2 million from SG$145.0 million a year earlier, according to a Tuesday filing with the Singapore Exchange.

Revenue also dropped 3% year over year to SG$607.6 million from SG$626.2 million, largely due to diminished returns from the gaming segment.

 

Genting Singapore' s 1QFY2026 earnings down 55% to $65.2 mil

Genting Singapore' s revenue for its 1QFY2026 ended March was down just 3% y-o-y to $607.6 million, but earnings in the same quarter plunged by 55% to $65.2 million, on higher costs.

While its gaming revenue was down 8% in the quarter to $403.4 million, Genting Singapore says that there has been " improving momentum" towards the end of the period. On the other hand, non-gaming revenue was up 8% to $204 million, driven by higher visitor numbers to its attractions.

" The ongoing conflict in the Middle East and current geopolitical developments have increased cost pressures across supply chains, including higher energy, freight and logistics expenses, while elevated airfares are weighing on travel demand and dampening consumer sentiments," says Genting Singapore.

The company says it remains focused on " asset optimisation" that includes a refreshed line up lifestyle and dining offerings so as to drive repeat visitors, and will continue to invest.

Genting Singapore shares closed at 69 cents on May 12, up 1.47%.

 

Seeing lots of western refugees hanging around looking like they fled from Dubai. Welcome to spend lots of money for as long as they want!

 

DBS, Genting Singapore and CapitaLand lead retail buys on SGX in March

The total value of stock buys that month lifts Q1 FY2026&rsquo s total retail net buying in local stocks to S$675 million

RETAIL investors bought a net S$638 million in Singapore stocks in March.

Counters in the financial services, real estate investment trusts (Reits) and consumer cyclicals sectors drove net buys, said the Singapore Exchange (SGX) in a note on Wednesday (Mar 25).

Local bank DBS, casino operator Genting Singapore and real estate firm CapitaLand Ascendas Reit were among the top stock purchases by retail investors in the 17 trading sessions up to Mar 24.

Stocks from the industrials and technology sectors such as Yangzijiang Shipbuilding and CSE Global, respectively, were also among the top 15 stocks favoured by retail investors.

The total value of local stock buys in March raised Q1 FY2026&rsquo s total retail net buying in local stocks to S$675 million.

The surge in retail demand follows a strong 2025, when retail investors accumulated S$2.6 billion of net buys in local stocks, said SGX.  

In Q1 FY2026, DBS had net retail inflows of around S$1.87 billion. Hospitality operator Genting Singapore recorded net retail inflows of S$119.4 million and CapitaLand Ascendas Reit, S$177.4 million.

Over the same period, institutional investors were net sellers of S$46 million in stocks, with market makers and active traders &ldquo bridging the gap&rdquo between net retail buying and net institutional selling, said SGX. 

However, the top 15 stocks averaged a 7.9 per cent decline in total returns in March, compared to the 15 most net retail selling stocks averaging 3.2 per cent in total returns.

The difference highlights a &ldquo value-seeking bias&rdquo among Singapore retail investors, whose net buying is focused on &ldquo daily laggards over leaders&rdquo , said SGX.

The local bourse added that the contrast becomes &ldquo more pronounced&rdquo when ranking stocks by net retail flow relative to market capitalisation. 

Among the 150 most traded stocks in the year to date, the 30 counters that recorded the highest net retail buying relative to market capitalisation averaged a 8.9 per cent decline in total returns. The 30 highest net retail selling stocks averaged 4.7 per cent in returns.

Separately, among Singapore-listed Reits, CapitaLand Ascendas Reit attracted the most retail buying in March, but recorded a 7.1 per cent decline in total returns.

On Tuesday, the Reit was on a trading halt after updating its manager portfolio rejuvenation strategy through acquisitions. It also announced a placement that is expected to add 5.5 per cent to CapitaLand&rsquo s share base.

Following the halt, Capitaland announced it had raised S$903.5 million in gross proceeds of that sum, around S$600 million came from an oversubscribed private placement, and the remaining S$303.5 million from a preferential offering.

The placement attracted &ldquo strong participation&rdquo from new and existing unitholders, long-only funds, real estate specialists and private wealth and multi-strategy investors.

The proceeds will partly finance completed and pipeline acquisitions in Singapore, the US, Spain and Japan, with the assets ranging from logistics and business parks to data centres.

Part of the proceeds could go towards potential Singapore industrial and logistics acquisitions, transaction costs and general corporate purposes.

 

Genting Singapore shares drop 8.2% on half-year net profit dip

This comes after the group posted a 30% decline in its net profit for H2 to S$155.6 million

[SINGAPORE] Shares of Genting Singapore : G13 -7.59% dropped S$0.065 or 8.2 per cent to S$0.725 on Wednesday (Feb 25) shortly after market open.

This came after the group on Tuesday (Feb 24)  posted a 30 per cent decline  in its net profit for the second half of its financial year to S$155.6 million, from S$222 million in the same year-ago period.

Revenue stood at S$1.24 billion for the period, up 5 per cent from S$1.17 billion in H2 FY2024.

Gaming revenue for H2 FY2025 was up 2 per cent at S$764.1 million from S$745.6 million previously and non-gaming revenue jumped 10 per cent in H2 FY2025 to S$473.1 million, from S$428.3 million in the corresponding year-ago period.

The group said that in FY2025, its cash flow and balance sheet were affected by ongoing capital expenditure for its RWS 2.0 transformation.

Genting also said that operating costs were also elevated due to a combination of one-off and recurring factors.

Recurring expenses relating to the company&rsquo s modernisation programme, including infrastructure refresh and system enhancements, were incurred as well.

 

Current price point is a good buy
continue accumulate 
Dydd 

 

Got some 725 from ML......hold for dividend....

 

Genting Singapore H2 profit falls 30% to S$155.7 million

Revenue is at S$1.24 billion for the period, up 5% from S$1.17 billion previously

[SINGAPORE] Genting Singapore : G13 0% on Tuesday (Feb 24) posted a 30 per cent decline in its net profit for the second half of its financial year to S$155.7 million, from S$222 million in the same year-ago period.

Revenue, however, stood at S$1.24 billion for the period, up 5 per cent from S$1.17 billion in H2 FY2024.

Gaming revenue for H2 FY2025 was up 2 per cent at S$764.1 million from S$745.6 million previously.

Non-gaming revenue jumped 10 per cent in H2 FY2025 to S$473.1 million, from S$428.3 million in the corresponding year-ago period.

This increase came on the back of newly refreshed attractions and hospitality offerings which enhanced guest engagement and lifted overall resort activity, said the group.

A company statement indicated that the board is proposing a final dividend of S$0.02 per share, tax-exempt, subject to approval at the upcoming annual general meeting.

With the interim dividend of S$0.02 per share, total dividends for FY2025 amount to S$0.04 per share, which is the same as FY2024.

Earnings per share for FY2025 also fell to S$0.0323, from S$0.0479 in the previous fiscal year.

For the six months ended Dec 31, 2025, Genting Singapore&rsquo s earnings before interest, tax, depreciation and amortisation fell by 1 per cent to S$373 million, from S$376.6 million in the same period a year prior.

The group said that during FY2025, its cash flow and balance sheet were affected by ongoing capital expenditure for its RWS 2.0 transformation.

&ldquo The refresh of existing assets and construction progress under its expansion plans resulted in significant cash outflows, with corresponding increase in property, plant and equipment as costs relating to assets under development were capitalised,&rdquo noted the Tuesday bourse filing.

Operating costs were also elevated due to a combination of one-off and recurring factors, Genting Singapore said. &ldquo One-off expenses included ramp-up costs associated with new attractions and operating costs incurred during the temporary closure of SEA Aquarium to facilitate the opening of Singapore Oceanarium, and higher provision for doubtful debt recognised in the fourth quarter.&rdquo

Recurring expenses relating to the company&rsquo s modernisation programme, including infrastructure refresh and system enhancements, were incurred as well, the company added.

Shares of Genting Singapore ended Tuesday flat at S$0.79.

 

gd results....katek got lots to cover.... 

Joelton      ( Date: 07-Nov-2025 08:20) Posted: Genting Singapore Q3 net profit rises 19% to S$94.6 million amid higher VIP volume, win rate [SINGAPORE]   Genting Singapore   : G13 0% posted a 19 per cent year-on-year increase in net profit to S$94.6 million for the third quarter ended Sep 30, with improved VIP rolling volume and win rate contributing a significant rise to its revenue.   Revenue stood at S$649.8 million, up 16 per cent from the S$561.9 million posted for the year-ago period, said the group in a quarterly business overview filed on the Singapore Exchange on Thursday (Nov 6).   Gaming revenue rose 22 per cent to 402.3 million in Q3, from S$330 million previously Genting Singapore attributed this to improved VIP rolling volume and win rate.   Non-gaming revenue, meanwhile, improved 7 per cent year on year to S$247.3 million from S$231.8 million.

 

80