Genting Singapore - DBS Research 2025-07-09: Moderate 2H25 Uplift Amid Mounting Headwinds

DBS Downgrades Genting Singapore to HOLD; Cites MSCI Index & Macro Concerns

Published:
Genting Singapore (SGX:G13) | SGinvestors.io
  • High US tariffs within Asian regions to moderate 2H25 uplift. Beyond near-term earnings pressures, we see potential selling pressure from possible exclusion from the MSCI Singapore Index.
  • Downgrade Genting Singapore to HOLD with lower target price of S$0.80 on lower valuation peg.

Renovation progress on track.

  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -
  • However, growth could be muted vs our initial expectations.
  • We were previously upbeat on a strong 2H25, backed by the refreshed attractions. However, with rising macro and political headwinds in the region, especially in Indonesia and Thailand, we have turned less sanguine on the 2H25 outlook.
  • Cut FY25F/26F earnings forecasts.

    • 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/.



    Zheng Feng CHEE DBS Group Research | Jason SUM CFA DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-07-09



    Read also DBS's most recent report:
    2026-02-25 Genting Singapore - Reset Into A Year Of Market Share Recovery.

    Previous report by DBS:
    2026-02-19 Genting Singapore - Upgrade To BUY On Cash Reserve Value-unlock Opportunities.

    Price targets by 3 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






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