Genting Singapore (G13.SI) Share Price, Latest News and 2026 Stock Forecast After Moody’s Downgrade

SINGAPORE – 10 December 2025 – Genting Singapore Limited, the operator of Resorts World Sentosa and one of the Straits Times Index’s most watched consumer names, is back in the spotlight after a fresh credit rating downgrade at group level – even as earnings recover, tourism rebounds and analysts project double‑digit upside for the stock.

Genting Singapore share price today: trading around S$0.73

Genting Singapore’s share price is trading in the low‑70 Singapore cents range on 10 December 2025. SGinvestors quotes the counter at S$0.735 as of 14:28 SGT, while Beansprout shows S$0.725 earlier in the session, implying modest intraday volatility but a clear consolidation zone around S$0.73. ^[1]

Key snapshot (10 December 2025):

Share price: ~S$0.73
52‑week range: S$0.66 – S$0.80 ^[2]
Market capitalisation: about S$8.8 billion ^[3]
Beta (5‑year monthly): around 0.45, implying lower volatility than the broader market ^[4]

Short‑term sentiment has been mildly negative. A global markets briefing on 10 December noted that Genting Singapore fell about 0.68% in the prior session, contributing to a “soft start” for the Singapore market. ^[5]

Yet, institutional money has been active on both sides. Recent SGX fund flow updates show Genting Singapore among the largest net institutional inflow names over the five sessions to 8 December, even though an earlier report in late November had flagged it as a significant institutional outflow stock. ^[6] That tug‑of‑war mirrors the market’s mixed reaction to the latest credit news.

What Genting Singapore actually does

Genting Singapore is an investment holding company whose crown jewel is Resorts World Sentosa (RWS) – one of only two integrated resorts in Singapore, alongside Marina Bay Sands. The complex includes a casino, Universal Studios Singapore theme park, S.E.A. Aquarium, Adventure Cove Waterpark, six themed hotels with roughly 1,375 rooms, MICE (meetings, incentives, conferences and exhibitions) space, and a growing portfolio of premium dining and retail. ^[7]

That duopoly casino position, combined with Singapore’s status as a high‑spending tourism hub, underpins the bullish long‑term thesis many analysts hold on Genting Singapore.

Earnings: from post‑pandemic recovery to Q3 2025 acceleration

FY2024: solid revenue, slightly softer bottom line

According to company financials compiled by LSEG and Reuters, Genting Singapore generated about S$2.53 billion in revenue in 2024, up roughly 4.6% year‑on‑year from S$2.42 billion in 2023. Net income came in at about S$578.9 million, a 5.3% decline versus 2023’s S$611.6 million. ^[8]

So by 2024, the business was essentially back to – and slightly above – pre‑pandemic revenue levels, but margin pressure and normalising VIP volumes meant profits didn’t rise in lockstep.

2025 started bumpy…

Results through the first half of 2025 were mixed. Media coverage from The Edge Singapore highlighted that:

1Q FY2025 earnings fell by over 40% year‑on‑year, and
1H FY2025 earnings were down in the mid‑30% range versus the prior year,

as Resorts World Sentosa’s ongoing “RWS 2.0” transformation brought construction‑related disruption, higher costs and some temporary capacity constraints. ^[9]

In other words, the company was spending heavily to upgrade the resort while not yet enjoying the full benefits of those upgrades.

…but Q3 2025 shows clear re‑acceleration

The tone improved significantly in the latest set of numbers. For 3Q FY2025 (quarter ended 30 September):

Revenue rose to S$649.8 million, up 16% year‑on‑year.
Net profit climbed to S$94.6 million, up 19% year‑on‑year, and about 5% higher quarter‑on‑quarter.
Adjusted EBITDA jumped 36% year‑on‑year to S$222.7 million. ^[10]

Management and media commentary attribute that surge mainly to higher VIP rolling volume and a stronger win rate at the casino, alongside continuing recovery in mass‑market tourism. ^[11]

At the same time, the company was recognised in the “Billion Dollar Club 2025” awards for growth in profit after tax in the consumer cyclical sector, underscoring how rapidly earnings have rebounded from the pandemic trough. ^[12]

Consensus forecasts collated by ValueInvesting.io project:

2025 revenue of around S$2.54 billion, essentially flat year‑on‑year, and
2026 revenue of about S$2.73 billion, implying mid‑single‑digit growth as more of the new RWS attractions come online. ^[13]

Analysts also expect EPS growth to resume in 2026, with low‑double‑digit percentage increases off 2025 levels. ^[14]

RWS 2.0 and a “monumental” expansion at Resorts World Sentosa

A central pillar of the Genting Singapore story is the multi‑year expansion and revamp of Resorts World Sentosa.

Media and rating‑agency reports now put the total expansion cost at around S$6.8 billion, rolled out in phases and focused on:

New and upgraded attractions at Universal Studios Singapore (including the upcoming Minion Land),
The transformation of the existing S.E.A. Aquarium into the larger Singapore Oceanarium,
Upgraded and more upscale retail and dining space at The Forum, and
Expanded MICE and hotel capacity aimed at higher‑spending visitors. ^[15]

Moody’s notes that capital expenditure tied to these projects is expected to peak at roughly S$1 billion per year between 2027 and 2028, a significant commitment even for a cash‑generative operator. ^[16]

A recent special feature in The Edge described Genting Singapore as embarking on a “monumental expansion phase”, with the company winning an award for growth in profit after tax within its sector. ^[17]

The thesis is straightforward:

In the near term, RWS 2.0 adds noise to margins and increases capex.
In the medium term, upgraded hardware plus Singapore’s tourism policy should support higher‑quality visitors and better yields per guest.

Big headline risk: Moody’s downgrades Genting Singapore to Baa1

The rating action

On 8 December 2025, Moody’s Ratings downgraded Genting Singapore’s credit rating from A3 to Baa1, with a stable outlook. Parent Genting Berhad and Genting Overseas Holdings were also cut one notch to Baa3. ^[18]

The move stems from Genting Berhad’s plan to:

Acquire the remaining 50.6% of Genting Malaysia that it does not already own in a debt‑funded transaction of about 6.74 billion ringgit (US$1.6 billion), at RM2.35 per share, and
Commit billions of dollars of additional capital to a potential US$5.5 billion downstate New York City casino project, for which its US unit has been recommended for one of three licenses. ^[19]

Moody’s expects Genting group’s adjusted debt/EBITDA to rise to around 4.9x in 2025 and 4.8x in 2026, before easing to about 4.3x in 2027 as the New York casino ramps up and other assets contribute. ^[20]

There is also a “debt maturity wall” in 2027, when US$1.5 billion of GOHL Capital notes and roughly MYR1.9 billion of other Genting borrowings fall due. ^[21]

What it means specifically for Genting Singapore

For Genting Singapore itself, Moody’s is clear that:

The downgrade largely follows the action at the parent level, reflecting group‑wide leverage rather than a sudden deterioration at RWS. ^[22]
The company is in the midst of expanding RWS in phases at a total cost of about S$6.8 billion, with heavy capex years still ahead. ^[23]
The stable outlook assumes continued earnings improvement in Singapore and Las Vegas operations, and that the New York project will be earnings‑accretive by the second half of 2026. ^[24]

Crucially, Baa1 remains an investment‑grade rating, but with less headroom than before. A lower rating can imply a higher cost of debt and slightly narrower flexibility if macro conditions worsen.

In short: the downgrade is not a catastrophe for Genting Singapore, but it does tighten the leash on capital allocation and raises the stakes on execution at both RWS and New York.

Dividends: steady 4 cents per share and a mid‑single‑digit yield

Genting Singapore has rebuilt its dividend stream substantially since the pandemic. Dividend trackers and SGX data show that the company paid: ^[25]

S$0.04 per share in 2023 (S$0.02 in May, S$0.015–0.02 in August depending on classification),
S$0.04 per share in 2024, split into S$0.02 interim and S$0.02 final, and
S$0.04 per share in 2025 so far, again via two S$0.02 distributions (ex‑dates 2 May and 27 August 2025).

Dividend aggregation sites and Yahoo Finance peg Genting Singapore’s forward dividend yield at roughly 5–5.5% at current prices, while Dividends.sg calculates a 2025 yield of about 5.48% on a total S$0.04 payout. ^[26]

Beansprout notes that consensus expects at least S$0.04 per share again in 2025/26, indicating a stable base dividend policy. ^[27]

There is one twist: an October 2025 broker note from DBS (reported by The Edge Singapore) suggested that Genting’s parent may tap Genting Singapore for higher dividends to help fund its acquisition and international expansion, given Genting Singapore’s strong net cash position and free cash flow. ^[28]

That scenario could be either:

Positive for income investors (higher payout), or
A risk for long‑term compounding if distributions rise at the expense of reinvestment or balance‑sheet strength.

Valuation: mid‑teens P/E, ~6–7x EV/EBITDA, plus yield

Different data providers show slightly different valuation snapshots, but they paint a broadly consistent picture:

P/E ratio (trailing): mostly in the mid‑teens to high‑teens. Beansprout estimates a current P/E of around 15.2x, below its long‑term average of ~20.7x, while other platforms such as Wisesheets and StockAnalysis show TTM P/E closer to 18–20x. ^[29]
Forward P/E: approximately 16x, based on consensus earnings expectations. ^[30]
EV/EBITDA: about 6.8x, implying a moderate valuation for a quasi‑monopoly casino asset with structural tourism exposure. ^[31]
Price‑to‑book: roughly 1.0–1.1x, suggesting the stock is trading close to its accounting book value. ^[32]

Taken together, Genting Singapore today screens as:

Not “deep value” cheap, but
Cheaper than its own historical P/E averages, and
Reasonably valued against global resort and casino peers, especially once the 5–5.5% dividend yield is factored in. ^[33]

ValueInvesting.io also calculates a “fair value” of about S$0.94 using a Peter Lynch–style heuristic, implying nearly 28% upside from a S$0.74 share price. ^[34]

Analyst ratings and Genting Singapore stock forecast for 2026

Across multiple platforms, analysts remain broadly constructive:

ValueInvesting.io:
- Average 12‑month price target:S$0.91
- Implied upside: ~21% from c.S$0.74
- Consensus rating:BUY, based on 20 analysts (1 sell, 7 hold, 7 buy, 5 strong buy). ^[35]
Beansprout / SGX consensus:
- Average target price:S$0.952
- Implied upside: about 31% from a S$0.725 spot price as of 10 December 2025. ^[36]
Investing.com:
- Average 12‑month target: roughly S$0.88
- High/low range:S$1.07 to S$0.70
- Analyst split:9 Buy, 6 Hold, 1 Sell, overall Buy consensus based on 16 analysts. ^[37]
TradingView:
- Average target:S$0.88
- Range:S$0.70 – S$1.07. ^[38]
TipRanks:
- Average target:S$0.82
- Upside: about 10% from around S$0.74
- Based on three recent analyst reports. ^[39]
Yahoo Finance:
- 1‑year target estimate:S$0.88, with a similar dispersion of bullish and neutral views. ^[40]

Blend all of that together, and the consensus 12‑month target band clusters around S$0.82–0.95, implying roughly 10–30% potential upside from current levels – before dividends.

Of course, these are sell‑side forecasts, not guarantees. They assume relatively smooth execution on RWS 2.0, steady tourism tailwinds, and no major regulatory shock from key source markets such as China.

Macro and regulatory backdrop: tourism tailwinds vs policy overhang

On the positive side:

Singapore tourism metrics are benefiting from re‑routed Chinese travel flows, with DBS Research earlier this quarter flagging that cancellations of China‑to‑Japan trips could divert more visitors to Southeast Asian hubs including Singapore. ^[41]
The city‑state continues to position itself as a premium, safe destination with sizeable MICE demand – aligning well with Genting Singapore’s push for more affluent visitors. ^[42]

On the risk side:

Beijing has repeatedly signalled discomfort with overseas gambling. A Reuters report in 2024, for example, highlighted a Chinese embassy advisory telling citizens in Singapore to avoid betting even abroad, reminding them that gambling can violate Chinese law. ^[43]
Singapore itself keeps tight control over casino operations through entry levies for locals, strong anti‑money‑laundering rules and strict licensing. Any policy shift that raises levies, tightens junket rules or limits casino floor expansion could blunt the upside from RWS 2.0. ^[44]

Investors therefore need to think of Genting Singapore not just as a tourism recovery play, but as a stock that lives at the intersection of cross‑border policy, social concerns around gambling and national economic strategy.

Key risks to watch in 2026

Execution and capex discipline at RWS 2.0
- The S$6.8 billion programme, with roughly S$1 billion per year in planned capex during 2027–28, leaves little room for cost overruns or prolonged disruption. ^[45]
Group‑level leverage and potential cash upstreaming
- The Genting Malaysia buyout, New York project and LNG investments all sit at the Genting Berhad level, but could indirectly affect Genting Singapore through higher dividend demands or intra‑group funding arrangements. ^[46]
Regulatory tightening in China or Singapore
- Any move that further restricts mainland Chinese gambling overseas, or significantly alters Singapore’s casino regulations, could hit VIP and mass‑market volumes disproportionately. ^[47]
Macro shocks and FX
- Genting Singapore’s revenue base is diversified geographically by guest origin, but still exposed to economic cycles in key Asian markets and currency movements versus the Singapore dollar.
Credit‑rating path
- While Baa1 is still investment grade, any further downgrade at group level could raise funding costs or constrain the pace of expansion, especially if global credit markets become less forgiving. ^[48]

The bottom line: a yield‑and‑growth story with group‑level complexity

As of 10 December 2025, Genting Singapore looks like a classic “quality cyclical”:

A near‑duopoly integrated resort asset leveraged to long‑term tourism growth,
A mid‑teens to high‑teens earnings multiple,
A 5–5.5% dividend yield supported by strong cash generation, and
A visible multi‑year pipeline of attractions and capacity upgrades at Resorts World Sentosa. ^[49]

Set against that are non‑trivial risks: rising group‑level leverage after the Genting Malaysia deal, a large capex burden for RWS 2.0 and the New York project, and regulatory uncertainty around gaming in key feeder markets. ^[50]

Most analysts currently think the balance of probabilities favours upside over the next 12–18 months, with consensus price targets implying double‑digit total return potential when dividends are included. But the recent Moody’s downgrade is a reminder that this is not a “set‑and‑forget” defensive stock: monitoring capex, group leverage and policy signals will be essential for anyone following Genting Singapore into 2026.