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Genting Singapore Limited (SG:G13)
SGX:G13

Genting Singapore (G13) AI Stock Analysis

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Genting Singapore

(SGX:G13)

Rating:73Outperform
Price Target:
S$1.00
▲(40.85%Upside)
Genting Singapore's strong financial performance and attractive valuation are the primary drivers of its stock score. The robust equity position and high dividend yield enhance its appeal, although the technical analysis suggests cautious sentiment in the market.
Positive Factors
Business Diversification
Genting Singapore operates Resorts World Sentosa, one of Southeast Asia's largest integrated resorts, benefiting from stronger business diversification and a broader geographical reach.
New Attractions
New attractions like a revamped all-suite hotel and the Singapore Oceanarium are expected to enable Genting Singapore to accommodate larger footfall.
Valuation and Dividend
Genting Singapore offers bargain valuations and a lush dividend yield, suggesting potential capital upside.
Negative Factors
Earnings and Renovation Delays
Key risks include delays in current renovation plans, further softness in tourist arrivals, and persistent challenges in the hospitality industry.
Earnings Performance
Genting Singapore's 1Q25 results were below expectations, with earnings significantly declining year-over-year.
Tourism and Consumer Sentiment
Tourism spending and foreign visitations are slowing down, impacting Genting Singapore's operations negatively.

Genting Singapore (G13) vs. iShares MSCI Singapore ETF (EWS)

Genting Singapore Business Overview & Revenue Model

Company DescriptionGenting Singapore (G13) is a leading integrated resort developer and operator based in Singapore. The company is primarily known for its flagship project, Resorts World Sentosa, which is one of the largest and most successful integrated resorts in Asia. The resort features a wide range of attractions, including a casino, Universal Studios Singapore theme park, luxury hotels, a convention center, and various dining and retail outlets. Genting Singapore operates within the hospitality, gaming, and entertainment sectors, providing world-class leisure experiences to visitors from around the globe.
How the Company Makes MoneyGenting Singapore generates revenue through multiple key streams. The primary source of income is its casino operations, which attract both local and international visitors seeking gaming entertainment. In addition to gaming, the company earns significant revenue from its hospitality services, with luxury hotels catering to tourists and business travelers. The theme park, Universal Studios Singapore, along with various other attractions within Resorts World Sentosa, also contribute to the company's earnings through ticket sales and related spending on food, beverages, and merchandise. Genting Singapore further benefits from hosting events and conventions at its MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, attracting corporate clients from around the world. Strategic partnerships and collaborations with global entertainment and hospitality brands enhance its service offerings and drive additional revenue.

Genting Singapore Financial Statement Overview

Summary
Genting Singapore displayed strong revenue growth and maintained solid profitability margins. The balance sheet is robust with a high equity ratio and minimal debt, highlighting financial stability. Despite a decline in cash flow metrics, the company continues to generate positive cash flow, supporting future investments.
Income Statement
75
Positive
Genting Singapore demonstrated strong revenue growth, with a significant increase from 2022 to 2023 (40.2%) and moderate growth from 2023 to 2024 (4.7%). The gross profit margin in 2024 was healthy at 33.0%, but slightly lower than 2023's 36.5%. Net profit margins were stable around 23% in both 2023 and 2024. EBIT and EBITDA margins remained robust, supporting profitability despite a slight decrease in EBIT margin from 32.0% in 2023 to 28.7% in 2024.
Balance Sheet
80
Positive
The company maintained a strong equity position with an equity ratio of 89.9% in 2024, indicating low leverage. The debt-to-equity ratio was extremely low at 0.04, showcasing minimal debt usage. Return on Equity (ROE) was commendable at 7.0% in 2024, although it dropped slightly from 7.5% in 2023, reflecting steady profitability.
Cash Flow
70
Positive
Operating cash flow remained strong, but decreased by 10.3% from 2023 to 2024. Free cash flow showed a significant decline of 31.4% over the same period. However, the Free Cash Flow to Net Income ratio remained positive, indicating good cash generation relative to net earnings.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.69B2.53B2.42B1.73B1.07B1.06B
Gross Profit
963.73M836.10M882.76M601.85M326.86M231.86M
EBIT
874.10M727.22M773.96M456.36M227.82M115.78M
EBITDA
1.12B1.09B1.14B790.95M499.40M418.19M
Net Income Common Stockholders
691.82M578.87M611.58M340.10M183.34M69.24M
Balance SheetCash, Cash Equivalents and Short-Term Investments
3.34B3.59B3.67B3.47B3.34B3.99B
Total Assets
8.79B9.23B9.15B8.80B8.79B8.79B
Total Debt
247.66M3.43M2.92M5.54M247.66M266.77M
Net Debt
-3.08B-3.58B-3.60B-3.46B-3.08B-3.73B
Total Liabilities
896.79M932.99M954.62M801.45M896.79M951.99M
Stockholders Equity
7.90B8.30B8.19B8.00B7.90B7.84B
Cash FlowFree Cash Flow
672.49M430.03M627.13M619.65M-567.05M153.78M
Operating Cash Flow
1.01B859.69M958.52M806.68M377.72M246.51M
Investing Cash Flow
-366.99M-401.09M-389.42M-186.77M-921.00M114.28M
Financing Cash Flow
-425.27M-485.16M-425.76M-447.22M-127.77M-309.55M

Genting Singapore Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.71
Price Trends
50DMA
0.71
Positive
100DMA
0.71
Negative
200DMA
0.75
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
53.19
Neutral
STOCH
94.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:G13, the sentiment is Neutral. The current price of 0.71 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.71, and below the 200-day MA of 0.75, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.19 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:G13.

Genting Singapore Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
SGB58
81
Outperform
$329.35M7.845.91%4.07%16.08%32.51%
SGG13
73
Outperform
$8.51B14.697.03%5.44%4.65%-5.33%
63
Neutral
$6.96B11.512.80%3.85%2.70%-24.43%
SGH18
50
Neutral
S$510.20M59.50-1.08%2.16%-5.87%-217.39%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:G13
Genting Singapore
0.71
-0.13
-14.97%
SG:H18
Hotel Grand Central Ltd.
0.69
-0.05
-6.76%
SG:B58
Banyan Tree Holdings
0.38
-0.02
-5.71%

Genting Singapore Corporate Events

Genting Singapore’s 40th AGM Highlights Shareholder Engagement and Transparency
May 14, 2025

Genting Singapore held its Fortieth Annual General Meeting at Resorts World Sentosa, where the Executive Chairman, Tan Sri Lim Kok Thay, presided over the meeting. The meeting involved the presentation of resolutions and the facilitation of an e-polling process for shareholders to vote. Shareholders were given the opportunity to submit questions in advance, and the company’s responses were made available prior to the meeting. The meeting underscored the company’s commitment to transparency and shareholder engagement, which may positively impact its stakeholder relations and reinforce its industry positioning.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Genting Singapore Sees Revenue Growth Amid Mixed Sector Performance
May 14, 2025

Genting Singapore reported a revenue of $626.2 million and an Adjusted EBITDA of $235.8 million for the first quarter of 2025, showing a slight increase from the previous quarter. The gaming sector saw a boost from the Chinese New Year celebrations, while the non-gaming segment faced challenges due to a strong Singapore dollar and ongoing renovations at Resorts World Sentosa as part of the RWS 2.0 transformation project.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Leadership Transition at Genting Singapore: CEO Tan Hee Teck to Retire
May 14, 2025

Genting Singapore Limited announced the retirement of Tan Hee Teck as Chief Executive Officer of both the company and its subsidiary, Resorts World Sentosa, effective May 2025. Tan Sri Lim Kok Thay will serve as acting CEO of the company, while Lee Shi Ruh will take over as CEO of Resorts World Sentosa. Mr. Tan, who has been with the company for over 20 years, played a pivotal role in establishing Resorts World Sentosa as a global tourism icon and will assist in a smooth leadership transition until his full retirement in November 2025.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Genting Singapore Announces Board Committee Reshuffle
Apr 14, 2025

Genting Singapore Limited has announced changes to its Board Committees effective from April 14, 2025. Ms. Chan Swee Liang Carolina has retired, leading to a reshuffle where Mr. Tan Wah Yeow is appointed as the Lead Independent Director and Chairman of the Nominating Committee, while Ms. Wong Chien Chien joins as a member of multiple committees. These changes are expected to impact the company’s governance structure, potentially influencing its strategic direction and stakeholder confidence.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.