Nomura Upgrades Genting Singapore to Neutral From Reduce, Adjusts Price Target to SG$0.65 From SG$0.63
Genting Singapore (SGX:G13) has an average rating of hold and mean price target of SG$0.69, according to analysts polled by FactSet.
10 stories mentioning SGX:G13Updated 39d ago
Every FINWIRES story that references SGX:G13, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Genting Singapore (SGX:G13) has an average rating of hold and mean price target of SG$0.69, according to analysts polled by FactSet.
Singapore shares opened lower on Friday, even as most Asian peers saw a positive opening on hopes that the US Federal Reserve will hold back from raising interest rates next month.The Straits Times Index opened 0.32%, or 18.15 points lower, at 5,701.90.As global factors such as the Middle East conflict and the interest rates may still take some time, investors are likely to eye local earnings for cues during the on-going season. For example, Genting Singapore (SGX:G13) shares were up over 6% in early trade after it reported a 34% decline in its profit attributable to shareholders during the first half of the year.Also, Pan United (SGX:P52) shares were up 4% in early trade after posting a 49% rise in profit attributable to equity holders in the first half of 2026.
Genting Singapore's (SGX:G13) net profit attributable to shareholders fell 34% during the first half of the year to SG$156.1 million from SG$234.7 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share came in at SG$0.0129 compared with SG$0.0194 in the year-ago period.Revenue edged down 1% year over year to SG$1.20 billion from SG$1.21 billion.The operator of resorts declared an interim dividend of SG$0.02 per share for the period, payable by Sept. 22.
Genting (KLSE:GENM, SGX:G13) has launched a SG$20 billion smart city project, which features an AI research facility in Johor, Malaysia, near the Johor-Singapore Special Economic Zone, Nikkei reported Thursday.The development named Johor Tech Smart City, spans across 9.3 square kilometers, and has attracted participation from Huawei Technologies and Chinese humanoid robot developer, Agibot Innovation Technology, the report said.Near the special economic zone, the site provides the Malaysia- and Singapore-listed company with tax incentives, with the developer planning long-stay residential spaces, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Genting Singapore (SGX:G13) bought back about 2.3 million shares in the open market on Tuesday for SG$1.3 million, according to a same-day filing with the Singapore Exchange.Shares of the company were down nearly 1% in Wednesday trading.To date, the leisure, hospitality and integrated resorts development specialist has bought back nearly 9 million shares under its existing mandate.
Genting Singapore (SGX:G13) has an average rating of hold and mean price target of SG$0.78, according to analysts polled by FactSet.
Genting Singapore's (SGX:G13) net profit after tax fell 55% in the first quarter of the year to SG$65.2 million from SG$145.0 million a year earlier, according to a Tuesday filing with the Singapore Exchange.Revenue also dropped 3% year over year to SG$607.6 million from SG$626.2 million, largely due to diminished returns from the gaming segment.
Genting Singapore (SGX:G13) granted 750,000 share awards at SG$0.7 per share under its performance share scheme, according to a Wednesday filing with the Singapore Exchange.The awards will vest one year from date of grant, subject to satisfaction of service condition.