Broker: DBS Group Research
Date of Report: 23 April 2026
Excerpt from DBS Group Research report.
Report Summary
- Stock: Genting Singapore Ltd (GENS SP)
- Action: BUY
- Target Price: SGD 0.85
- Key Insights:
- Genting Singapore (RWS) is expected to regain market share in 1Q26, benefiting from seasonal Chinese New Year uplift, targeted activations, and increased Chinese tourist inflows.
- Analyst expects a 4% q/q gain in VIP market share and a 34% y/y rise in VIP gaming volumes, well ahead of the FY26 estimate of 15% growth.
- RWS is supported by a ramp-up at its new luxury hotel and enhanced nightlife offerings, positioning it to defend its market share throughout the year.
- DBS maintains its BUY rating and sets a 12-month target price of SGD 0.85, reflecting confidence in GENS’s recovery and growth prospects.
above is an excerpt from a report by DBS Group Research. Clients of DBS Group Research can be the first to access the full report from the DBS Group Research website : https://www.dbs.com/research
