Added to YB: 2026-10-09
Pitch date: 2026-10-05
G13.SI [bullish]
Genting Singapore Limited
-0.81%
current return
Author Info
No bio for this author
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 0.61
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
turnaround
2 Attractive Ideas Again - Genting Singapore Limited
G13.SI (overview): Genting Singapore trades at 17x NTM earnings as investors extrapolate declining revenue, but recovering receivables aging and 1% growth in contract liabilities suggest gaming revenue has likely bottomed. A sale could also be reconsidered after parent Genting’s leverage and credit downgrade, following MGM’s 2022 approach. The offset is ~SGD 4bn of committed capex, likely negative free cash flow through 2030, execution disruption and potential market-share losses.
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