Added to YB: 2024-10-24
Pitch date: 2024-09-30
G13.SI [bullish]
Genting Singapore Limited
-22.29%
current return
Author Info
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Company Info
Genting Singapore Limited, an investment holding company, engages in the construction, development, and operation of integrated resort and casinos in Singapore.
Market Cap
SGD 7.5B
Pitch Price
SGD 0.78
Price Target
N/A
Dividend
6.40%
EV/EBITDA
5.82
P/E
24.23
EV/Sales
1.88
Sector
Hotels, Restaurants and Leisure
Category
value
Show full summary:
Third Avenue International Real Estate Value Fund Portfolio Holding: Genting Singapore Limited
G13.SI: Genting Singapore owns Resort World Sentosa, 1 of 2 casinos in Singapore. Strong balance sheet (35% cash/mkt cap), expansion plans, tourism recovery potential. Trades at 6x EBITDA vs peer Las Vegas Sands at 13x. Mispriced vs NAV & development cost. Duopoly likely beyond 2030.
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