Genting Singapore - DBS Research 2022-11-11: Convincing Earnings Beat; Earnings Momentum To Sustain

• Genting Singapore (SGX:G13)'s 3QFY22 results handily surpassed expectations – 3QFY22 adjusted EBITDA of S$252.8m, a significant improvement on both an annual (+146.6% y-o-y) and quarterly basis (+71.9% q-o-q). 9MFY22 adjusted EBITDA amounted to S$521.5m, accounting for 76.6% of the consensus’ full-year estimate, notably above expectations given that recovery in 4QFY22 will be more pronounced.
• - Read this at SGinvestors.io -
• Genting Singapore's total revenue in 3Q22 surged by 49.1% q-o-q and 106.6% y-o-y to S$519.7m, reaching 87% 3Q19’s level.
  • - Read this at SGinvestors.io -
  • Meanwhile, leisure revenue hit 59% of 2019’s level during the quarter on the back of a resurgence in tourist arrivals to 45% of the pre-COVID-19 level in 3QFY22.

Genting Singapore – Outlook & Investment Recommendation

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-11-07 Genting Singapore - Grand Prix Packs The Rooms, MBS Keeps The Whales.

Previous report by DBS:
2025-08-08 Genting Singapore - High Stakes Pay Off But Payroll Bites Back.

Price targets by other brokers at Genting Singapore Target Prices.

Listing of research reports at Genting Singapore Analyst Reports.

Relevant links:
Genting Singapore Share Price History,
Genting Singapore Announcements,
Genting Singapore Dividend Payout Dates & Corporate Actions,
Genting Singapore News