Genting Singapore (SGX: G13) Stock News and Forecasts on 24 Dec 2025: Heavy Trading, RWS 2.0 Catalysts, and Analyst Targets

Genting Singapore Limited’s shares ended flat at S$0.725 on Wednesday, Dec 24, 2025, but the day was far from quiet. The stock was the most actively traded STI counter by volume, with about 20.8 million shares changing hands—roughly S$15.1 million in value—heading into the festive trading break. ^[1]

That combination—sideways price action, unusually heavy turnover—tends to show up when investors are repositioning around a narrative that’s bigger than a single session. For Genting Singapore, that narrative is still dominated by two forces pulling in opposite directions:

A multi-year reinvestment cycle at Resorts World Sentosa (RWS) that is rebuilding the “product” (rooms, attractions, retail) into RWS 2.0, and
The near-term margin and financing questions that come with large capex, tight labour conditions, and relentless competition for premium gaming customers.

Below is a detailed, publication-ready look at the latest market action (Dec 24), the most current operating updates and results, and the freshest forecast/valuation takes circulating right now.

Genting Singapore share price on 24 Dec 2025: flat close, busy tape

A clean read of the day’s tape:

Close: S$0.725 (unchanged) ^[2]
Day’s range: S$0.725 to S$0.735 ^[3]
Volume: about 20.77M shares (Investing.com) and 20.8M shares (local market reporting) ^[4]

Why that matters: heavy volume on a flat close often signals two-sided conviction—buyers stepping in while sellers use strength (or liquidity) to exit. It’s not automatically bullish or bearish, but it’s a classic sign the stock is being actively “worked” by institutions, fast money, or both.

Zooming out slightly, Investing.com also lists a 52-week range of S$0.660 to S$0.800—a reminder that even after a year of operational progress, the market is still pricing Genting Singapore inside a relatively tight band. ^[5]

The core story: Resorts World Sentosa (RWS) is being rebuilt in public

Genting Singapore is, in practice, a listed bet on Resorts World Sentosa—the integrated resort that combines casino gaming with hotels, attractions, retail, and events. The company’s own disclosures make it clear the strategy is to expand and refresh the non-gaming engine while maintaining gaming strength.

In its 3Q 2025 Quarterly Business Overview (filed on SGX), Genting Singapore described how:

The Singapore Oceanarium and WEAVE lifestyle precinct “infused new vibrancy” and lifted footfall and non-gaming revenue. ^[6]
The resort debuted The Laurus in October, positioned as Singapore’s first The Luxury Collection all-suite hotel with Marriott International. ^[7]
Major RWS 2.0 waterfront works—including an 88-metre light sculpture by Heatherwick Studio and Super Nintendo World at Universal Studios Singapore—were described as progressing. ^[8]

If you’re trying to understand the stock, this is the heart of it: RWS is being repositioned toward higher-yield visitors, premium rooms, and more monetisable non-gaming experiences—while trying not to lose gaming share in the meantime.

Latest financial snapshot: Q3 2025 showed a clear rebound

The most recent official quarter described in detail is 3Q 2025 (three months ended Sept 30, 2025), and the numbers were notably stronger.

From Genting Singapore’s SGX quarterly business overview:

Revenue:S$649.8 million (up 16% y/y, up 10% q/q) ^[9]
Gaming revenue:S$402.3 million (up 22% y/y) ^[10]
Non-gaming revenue:S$247.3 million (up 7% y/y, up 33% q/q) ^[11]
Adjusted EBITDA:S$222.7 million (up 36% y/y, up 19% q/q) ^[12]
Net profit after tax:S$94.6 million (up 19% y/y, up 5% q/q) ^[13]

The company attributed the uplift to improved VIP rolling volume and win rate, plus continued non-gaming growth. ^[14]

Local financial press reporting on that same filing highlighted that gaming revenue rose and non-gaming revenue improved year-on-year, reinforcing the “two-engine” recovery: gaming strength plus a reviving resort ecosystem. ^[15]

What analysts are saying now: targets cluster above the market, but conviction is mixed

Street consensus: “Buy” overall, but not a slam dunk

Investing.com’s consensus snapshot (based on a poll of the past three months) shows:

Overall consensus:Buy
Breakdown:9 Buy, 6 Hold, 1 Sell
Average 12-month price target:S$0.878 (about +21% upside from the prevailing price on that page)
Target range:S$0.70 low to S$1.07 high ^[16]

This is the market’s current “center of gravity”: analysts, on average, see upside—but a big chunk of them still sit in Hold territory, reflecting execution and cycle risk.

Broker flavour: “Hold” is common, with RWS 2.0 as the medium-term lever

A DBS Research excerpt (as republished by SGinvestors) kept a HOLD call with a S$0.80 target price, while pointing to a reality investors keep circling back to: RWS is upgrading, but Marina Bay Sands (MBS) remains a fierce competitor—especially for VIP customers. ^[17]

DBS also flagged labour cost pressure as a key margin headwind, trimming EBITDA forecasts and suggesting upside may be capped until renovated assets fully ramp. ^[18]

UOB Kay Hian’s 3Q read-through (also via SGinvestors) emphasised improving footfall and stronger gaming statistics, with non-gaming resilience helped by the Oceanarium and WEAVE completion—again reinforcing that the investment cycle is starting to show up in operating performance. ^[19]

OCBC Investment Research, looking earlier in the year, framed the story more cautiously: renovation disruptions and higher operating costs pressured results, with the expectation that a more meaningful uplift could come from FY26 once new facilities reach full ramp-up. ^[20]

Valuation debate: why the P/E keeps coming up

One of the more widely circulated valuation takes into late December came from Simply Wall St (Dec 23), which pointed out:

Genting Singapore traded around a 19.2x P/E, higher than many Singapore-listed peers (with “almost half” under 14x cited in that piece). ^[21]
The article noted earnings weakness over the past year, but also referenced analyst expectations for future growth (it cited an estimate of roughly 16% per year over the next three years in that analysis). ^[22]

Whether you agree with the framing or not, the market tension is real: investors are being asked to pay today for a recovery curve that still has to be delivered.

Financing and macro risk: capex is the opportunity—and the stress test

Morgan Stanley lens: cautious until market-share gains are clearer

A sector note reported by Inside Asian Gaming (Dec 12) said Morgan Stanley remained cautious on Genting Singapore, arguing the stock’s next “re-rate” may require clearer evidence of market share gains. The note also highlighted the view that Genting Singapore intended to fund a large remaining capex program primarily via debt financing. ^[23]

That matters for equity investors because debt-funded expansion can be value-creative—if incremental returns arrive on schedule and at scale—but can also compress flexibility if the cycle turns.

Credit narrative: S&P turns more negative on Genting group leverage trajectory

On the broader group credit angle, S&P Global Ratings revised the outlook on Genting group companies to negative, warning that incremental earnings may not keep pace with spending and that cash flow could remain pressured as large projects progress. ^[24]

Even though Genting Singapore is its own listed entity, markets don’t love it when any part of the broader ecosystem looks set to carry heavier leverage during a capex-heavy phase—especially in a sector where demand can be cyclical and regulation-sensitive.

Dividends: still part of the Genting Singapore equity story

For many investors, Genting Singapore has historically sat in that “income plus recovery optionality” basket.

SGX corporate actions data shows two S$0.02 dividends in 2025 (including an ex-date in late August and another in early May). ^[25]

Dividend sustainability is ultimately tied to operating cash flow and capex intensity—so as RWS 2.0 spending continues, dividend expectations tend to be framed with more caution (and more scrutiny) than in a steady-state year.

What to watch next as 2025 ends and 2026 approaches

Going into the next leg of the story, the market is likely to keep scoring Genting Singapore on a few specific “tell me, don’t tell me” indicators:

Non-gaming monetisation: WEAVE, Oceanarium, premium rooms, events—do they translate into persistently higher non-gaming revenue per visitor? (The Q3 step-up is encouraging, but investors will want it to stick.) ^[26]
VIP and premium mass competitiveness: multiple broker notes highlight competition (especially versus MBS). Market share is the scoreboard that matters. ^[27]
Margin trajectory: labour and operating costs have been a repeated theme. If revenue rises but margins don’t, the equity story gets harder. ^[28]
Capex funding and sequencing: if financing leans more toward debt (as reported in the Morgan Stanley take), equity investors will focus on timing, cost of capital, and whether project ramps match the leverage curve. ^[29]
Execution milestones for RWS 2.0: the company itself has pointed to major waterfront works and marquee projects under the RWS 2.0 umbrella. Markets typically reward on-time delivery—and punish drift. ^[30]

Bottom line on Genting Singapore stock on 24 Dec 2025

On Dec 24, 2025, Genting Singapore didn’t move in price—but it did something that often matters more in the short term: it attracted the day’s liquidity, standing out as the STI’s most heavily traded counter by volume. ^[31]

Under the hood, the fundamental narrative is becoming clearer:

Q3 numbers were stronger, with both gaming and non-gaming contributing. ^[32]
RWS 2.0 assets are coming online, and management is explicitly tying them to higher footfall and non-gaming momentum. ^[33]
Analyst targets generally sit above the current price, but the buy case remains conditional: market share, margins, and capex discipline need to keep improving. ^[34]

As always: this is market commentary, not investment advice. The stock sits at the intersection of tourism demand, premium gaming dynamics, and a very real transformation execution plan—so it’s a name that can look boring on the chart for weeks, then suddenly get interesting when the next datapoint lands.