Genting Singapore (SGX:G13) on 8 December 2025: Share Price, Q3 2025 Results, RWS 2.0 Expansion and 2026 Forecasts

Genting Singapore Limited, the operator of Resorts World Sentosa (RWS) and a heavyweight on the Straits Times Index, is in an interesting spot on 8 December 2025: fundamentals and tourism recovery are improving, yet the share price is still treading water near the lower end of analyst target ranges. ^[1]

This article rounds up the latest news, forecasts and analyses on Genting Singapore stock as of 8 December 2025, with a focus on what matters for investors tracking SGX:G13.

Genting Singapore share price today (8 December 2025)

As at around 09:20 SGT on 8 December 2025, Genting Singapore shares were trading at S$0.735, flat on the day according to SGX data compiled by Beansprout. ^[2]

Recent trading and valuation snapshot:

Last close: S$0.735 (also the close on Friday, 5 December 2025). ^[3]
1‑year range: roughly S$0.660–0.800. ^[4]
Market capitalisation: about S$8.9 billion in early December 2025. ^[5]

Technical analysis service StockInvest describes the stock as moving in a wide horizontal trend, with a 90% probability of trading between S$0.719 and S$0.800 over the next three months, classifying it as a hold/accumulate candidate rather than a clear buy or sell. ^[6]

Historical data from Investing.com shows that since late November the price has hovered mostly between S$0.74 and S$0.765, reinforcing the picture of a sideways, range‑bound stock. ^[7]

Q3 2025: revenue and profit rebound, led by VIP and non‑gaming growth

For the quarter ended 30 September 2025, Genting Singapore reported a solid rebound:

Revenue: S$649.8 million, up about 16% year‑on‑year and around 10% quarter‑on‑quarter. ^[8]
Gaming revenue: S$402.3 million, about 22% higher year‑on‑year, mainly on improved VIP rolling volume and win rates. ^[9]
Non‑gaming revenue: S$247.3 million, +7% year‑on‑year and roughly +33% quarter‑on‑quarter, boosted by higher hotel occupancy and new attractions. ^[10]
Adjusted EBITDA: about S$222.7 million, up roughly 36% year‑on‑year and 19% quarter‑on‑quarter. ^[11]
Net profit: around S$94.6 million, an increase of roughly 19% year‑on‑year and mid‑single‑digit growth versus Q2. ^[12]

Maybank Research called Q3 results “in line” with its expectations and highlighted that nine‑month 2025 core net profit of about S$361.8 million already represents around 72% of its full‑year estimate – implying Genting Singapore is broadly on track with its 2025 earnings plan. ^[13]

Nomura, however, noted that while results showed clear improvement, they still came in below its forecasts, leading the house to cut its FY25 earnings estimate by about 8%, mainly due to more cautious assumptions on gaming revenue. ^[14]

In other words: Q3 2025 confirmed the recovery, but not strongly enough to impress every analyst.

RWS 2.0: Oceanarium, WEAVE and The Laurus underpin non‑gaming strategy

A big part of the Genting Singapore story now is less about pure casino turnover and more about the RWS 2.0 multi‑year expansion.

New attractions already contributing

Inside Asian Gaming and GGRAsia both highlight that the improvement in non‑gaming revenue is closely tied to the roll‑out of new and revamped assets at Resorts World Sentosa: ^[15]

Singapore Oceanarium – a major transformation of the former S.E.A. Aquarium, officially launched to the public in late July 2025. It is positioned as a flagship marine education and conservation hub and has driven higher visitor traffic. ^[16]
WEAVE – a new design‑forward retail and lifestyle precinct that opened in mid‑2025, adding fresh F&B and shopping options and lifting non‑gaming spend per visitor. ^[17]
Illumination’s Minion Land – a new themed zone at Universal Studios Singapore launched in February 2025, giving the park a high‑profile IP refresh that appeals to families and tourists. ^[18]

According to Nomura’s note, non‑gaming revenue rose faster than gaming in Q3 partly because of higher hotel occupancy from events and higher visitation to the Oceanarium, with management expecting further traction as the year closes. ^[19]

The Laurus: luxury rooms as a 4Q catalyst

The latest piece of the RWS 2.0 puzzle is The Laurus, an all‑suite luxury hotel developed with Marriott’s Luxury Collection brand:

Soft‑launched in October 2025 with around 180–183 all‑suite rooms. ^[20]
Not yet fully ramped – some rooms and common areas remain under development, so its full earnings contribution will only be visible from Q4 2025 onward. ^[21]

Maybank expects the reopening of this hotel and the appointment of a new COO (more on this in a moment) to support better gaming performance in Q4 2025, helping offset any seasonal softness in non‑gaming revenue. ^[22]

Longer term, RWS 2.0 also includes large‑scale design features and new attractions such as an 88‑metre waterfront light sculpture and a highly anticipated Super Nintendo World at Universal Studios Singapore, targeted to complete by the end of the decade. ^[23]

Leadership refresh at RWS and Genting Singapore

Genting Singapore is also in the middle of a management reshuffle designed to match the new phase of expansion.

In October 2025, the group appointed Chen Si (also reported as Si Chen) as Chief Operating Officer of Resorts World Sentosa, effective 1 December 2025. The COO position had been vacant for three years. ^[24]

Key points from the Business Times coverage and recent company announcements: ^[25]

Chen has close to two decades of regional gaming and hospitality experience, including roles at Inspire Entertainment Resort in South Korea, Macau Legend Development, Sands China and Marina Bay Sands.
The move follows a series of leadership changes in 2025:
- Long‑time RWS chairman and Genting Singapore CEO Tan Hee Teck retired in May.
- Genting Group executive chairman Lim Kok Thay became acting CEO of Genting Singapore from June.
- Lee Shi Ruh took over as CEO of RWS and later became President and COO of Genting Singapore.
- Ang Suat Ching was appointed CFO of both Genting Singapore and RWS.

The company frames these changes as part of “leadership renewal” to drive the RWS 2.0 transformation more aggressively. ^[26]

Who really controls Genting Singapore?

Ownership structure matters for any stock, especially in a capital‑intensive business like gaming and resorts.

A recent breakdown from Simply Wall St (3 December 2025) highlights the following: ^[27]

Public companies (mainly Genting Berhad) hold about 53% of Genting Singapore’s shares.
Individual investors own roughly 37%.
Insiders own less than 1% of the company, though their holdings still amount to around S$30 million in value.

Genting Berhad’s majority stake means the parent company effectively controls strategic decisions at Genting Singapore – including capital allocation, dividend policy and long‑term development plans. Minority shareholders are essentially riding alongside the broader Genting group strategy.

This is especially relevant given Genting Berhad’s recent corporate manoeuvres, such as the attempted (and ultimately unsuccessful) move to take Genting Malaysia private, which underlines the group’s appetite for major transactions and its willingness to reshape its listed entities when it sees value. ^[28]

Analyst price targets and growth forecasts to 2026

Consensus targets: upside on paper

On 8 December 2025, Beansprout’s compilation of broker research shows a consensus target price of S$0.953 for Genting Singapore: ^[29]

Current price: S$0.735
Implied upside: about 29.7%, based on that consensus target.

Individual broker targets in 2025 have mostly been clustered between S$0.90 and S$1.05, with ratings such as ADD or BUY from houses including CGSI, DBS, Maybank, OCBC Investment and UOB Kay Hian. ^[30]

TradingView’s aggregation of 11 analysts suggests a 12‑month price target of S$0.89, with a range from S$0.70 to S$1.07, and notes that 13 analysts over the last three months have collectively assigned the stock an overall “buy” rating. ^[31]

TipRanks, meanwhile, shows the most recent analyst rating as “Hold” with a S$1.00 price target, and flags a “Sell” technical sentiment signal despite the fundamentally stronger Q3. ^[32]

So sentiment is constructive but not unanimous: many analysts see double‑digit upside, but there is also caution around near‑term technicals and execution risk.

Fundamental growth forecasts

On the fundamental side, Simply Wall St’s forward‑looking model (updated 5 December 2025) expects Genting Singapore to deliver: ^[33]

Earnings growth: ~11.6% per year.
Revenue growth: ~6.3% per year.
EPS growth: ~10.9% per year.
Return on equity: ~8.3% in three years.

Following the recent share price pullback, the same platform recently suggested the stock was about 21% undervalued versus its estimate of fair value. ^[34]

Of course, these are model‑based forecasts rather than guarantees – but they broadly align with the sell‑side narrative that Genting Singapore is a moderate‑growth, cash‑generative tourism and gaming play, rather than a hyper‑growth story.

Dividends: mid‑single‑digit trailing yield

Income investors will care less about Super Nintendo World and more about cash in hand.

Dividend records compiled by StockInvest show that in 2025 Genting Singapore has so far paid: ^[35]

S$0.02 per share on 27 May 2025 (ex‑date 2 May 2025).
S$0.02 per share on 17 September 2025 (ex‑date 27 August 2025).

That totals S$0.04 per share for 2025 to date. Using today’s price of S$0.735, that implies a trailing dividend yield of roughly 5–5.5%, assuming the 2025 pattern is representative. (That yield figure is a simple arithmetic estimate, not company guidance.) ^[36]

For a large‑cap Singapore leisure stock, this sits comfortably in the “income stock with growth optionality” bucket – provided earnings recovery continues and capex demands don’t force a payout cut.

Technical picture: sideways channel with nearby support

StockInvest’s technical analysis on 5 December 2025 paints a mixed short‑term picture: ^[37]

Share price closed at S$0.735, unchanged on the day, after trading between S$0.735 and S$0.745.
The stock has fallen in 4 of the last 10 sessions, but remains in a broad horizontal trading channel.
There is accumulated volume support around S$0.730, and resistance near S$0.750.
Short‑ and long‑term moving averages still generate sell signals, though a pivot‑bottom buy signal from late November suggests potential for a short‑term bounce within the range.

For the trading day of 8 December 2025, the same model projected an open around S$0.738 and an intraday range of roughly S$0.728–0.742, implying around 2% daily volatility. ^[38]

In plainer language: the chart is not broken, but it is also not screaming “breakout” yet.

Macro backdrop: Singapore’s GDP and tourism tailwinds

The macro lens is helpful, because Genting Singapore’s fortunes ultimately ride on visitor flows and spending power.

Singapore’s economy has been recovering more strongly than previously expected:

Q3 2025 GDP grew 4.2% year‑on‑year, beating both the earlier 2.9% advance estimate and the 4.0% market consensus.
The Ministry of Trade and Industry upgraded its 2025 GDP forecast to around 4.0%, from a prior 1.5–2.5% range. ^[39]

Robust GDP and exports, alongside AI‑driven demand and resilient tourism, create a supportive environment for integrated resort operators like Genting Singapore. The flip side is that Singapore remains exposed to trade tensions and potential slowdowns in global capital expenditure, which could dent high‑end visitor demand. ^[40]

Key risks investors are watching

Even with improving numbers, analysts remain conscious of several risks that could derail the bullish case:

Execution risk on RWS 2.0
Large, multi‑year projects can run into delays, cost overruns or operational disruptions. Earlier in 2025, closures of certain attractions to facilitate construction contributed to weaker gaming and room revenue – Q2 2025 was described as a “trough” by Maybank. ^[41]
Competitive pressure from Marina Bay Sands (MBS)
MBS recently posted record Q3 results, underscoring its strength in premium mass and VIP segments. That puts pressure on Genting Singapore’s market share; Nomura currently pegs RWS’s Singapore gross gaming revenue share at around 28%. ^[42]
Regulatory and tax considerations
Changes to gaming tax rates, tourism policies or responsible gambling frameworks could affect margins over time. This is a general industry risk, but one that matters especially for a duopoly market like Singapore.
Parent‑company priorities
With Genting Berhad holding a controlling stake, any shift in group strategy – such as major investments in other jurisdictions or fresh corporate transactions – could influence Genting Singapore’s capital allocation and risk profile. ^[43]
Global macro shocks
A downturn in regional travel, unexpected geopolitical tensions, or shocks to high‑net‑worth behaviour could hit both VIP and mass tourism segments.

Bottom line: where Genting Singapore stands on 8 December 2025

Putting it all together:

Operationally, Genting Singapore has clearly moved past its 2025 mid‑year wobble. Q3 numbers show healthy year‑on‑year growth in revenue, EBITDA and net profit, with non‑gaming segments finally doing the heavy lifting thanks to the Oceanarium, WEAVE and other attractions. ^[44]
Strategically, RWS 2.0 is turning from PowerPoint into reality, with The Laurus and other projects providing fresh levers for both gaming and non‑gaming growth into 2026. ^[45]
Governance‑wise, leadership renewal and a tightly held share register (53% owned by Genting Berhad) mean the stock is effectively a vehicle for investors who are comfortable with the broader Genting ecosystem. ^[46]
On valuation, consensus and independent models largely agree that the shares trade at a discount to estimated fair value, with targets implying around 20–30% upside from today’s price, plus a mid‑single‑digit dividend yield. ^[47]
Technically, the chart is not yet reflecting that optimism: price action is stuck in a sideways band with mixed signals, and short‑term trading models still lean cautious. ^[48]

For investors and traders scanning Genting Singapore on Google News or Discover today, the story is less “lottery ticket” and more slow‑burn recovery: a large, cash‑generative integrated resort that is rebuilding its non‑gaming appeal, supported by a recovering Singapore economy, but still wrestling with competition, execution risk and somewhat skeptical technicals.