Singapore, Feb 1, 2026, 15:42 (SGT) — Market closed
- On Friday, shares ended 0.7% higher, closing at S$0.735
- Starting Sunday, the group’s casino-resort unit will see a major leadership shake-up
- Investors enter Monday focused on signals from high-roller demand and fresh broker updates
Genting Singapore Limited starts the week with a leadership shuffle, appointing acting CEO Lim Kok Thay as chairman and director of Resorts World Sentosa, effective Feb. 1. Its shares on the Singapore Exchange (G13) ended Friday 0.7% higher at S$0.735. (The Business Times)
The shift brings the group’s chief executive nearer to the resort’s boardroom amid a sensitive period for Singapore’s casino duopoly. Investors head into earnings season weighing if recent upgrades signal more consistent VIP, or high-roller, activity.
DBS Group Research stuck with a “hold” rating and a S$0.80 price target, noting that rival Marina Bay Sands is still drawing in the “whales”—the high rollers. Analyst Chee Zheng Feng pointed out that “if RWS simply maintains its VIP market share,” it could translate to around S$30 million in EBITDA—earnings before interest, taxes, depreciation and amortisation. (The Edge Singapore)
CGS International stuck with an “add” rating and a S$0.785 target price but cautioned that comparing results to a strong quarter nearby could prove harsh. Analyst Tay Wee Kuang highlighted Singapore Tourism Board data showing visitor arrivals grew by less than 5% late last year, suggesting MBS’s revenue gains might seem “outsized” given that context. He also noted that new draws like the Singapore Oceanarium and The Laurus all-suite hotel may take time before they boost profits. (The Edge Singapore)
An industry report noted that Lim’s new chair role includes overseeing major projects, governance, and risk controls, among other responsibilities. Day-to-day operations remain with Lee Shi Ruh, the resort’s CEO. (IAG)
Macau’s casino gross gaming revenue for January jumped 24% year-on-year to MOP22.63 billion, government figures revealed, ahead of the Chinese New Year travel rush. The holiday lands on Feb. 17 this year, with the surrounding week typically seen as an early indicator for regional gaming demand. (AGB)
Genting Singapore operates RWS, one of Singapore’s two casino “integrated resorts” — a sprawling complex featuring hotels, restaurants, and attractions. Profit swings sharply on small changes in VIP business, while the stock reacts to both competitive cues and overall travel trends.
But this can unravel in two ways. If the upgraded offering still can’t lure high-rollers, the market-share story tanks quickly. On the other hand, if spending stays steady but costs climb, margins could shrink even with packed rooms.
Trading kicks back on Monday (Feb. 2), with investors sizing up the weekend’s Macau figures alongside the revamped board setup and fresh broker notes. Volume and any subsequent filings could prove just as crucial as the price moves.
Genting Singapore will release its full-year results for the period ending Dec. 31, 2025, on Feb. 24 after the market closes, according to a recent filing. (Sgx)
