--- title: "After DBS analysts upgraded their rating, Genting Singapore's stock price rose by over 3% | Lianhe Zaobao" description: "DBS Research has upgraded the rating of Genting Singapore to \"Buy,\" with a target price of SGD 0.90, believing that capital return plans such as share buybacks or special dividends are expected to enh" type: "news" locale: "en" url: "https://longbridge.com/en/news/276314423.md" published_at: "2026-02-19T08:27:18.000Z" --- # After DBS analysts upgraded their rating, Genting Singapore's stock price rose by over 3% | Lianhe Zaobao > DBS Research has upgraded the rating of Genting Singapore to "Buy," with a target price of SGD 0.90, believing that capital return plans such as share buybacks or special dividends are expected to enhance valuation and unlock shareholder value. Genting Singapore's stock price rose 3.25% to SGD 0.795. Analysts pointed out that the company has net cash per share exceeding SGD 0.27, and with major shareholders facing liquidity constraints, implementing a fair participation offer may become an effective short-term value release method. Despite having large capital expenditure projects, the company still has the capacity to pay over SGD 1 billion in cash DBS Research has upgraded Genting Singapore's rating to "Buy," with a target price of SGD 0.90, believing that capital return plans such as share buybacks or special dividends are expected to enhance valuation and unlock shareholder value. Genting Singapore's stock price rose on Thursday (February 19), increasing by 3.25% to SGD 0.795 by the afternoon. DBS Research analyst Pool Zhengfeng wrote in a report on Thursday that Genting Singapore's substantial cash reserves provide an opportunity to unlock shareholder value. "Considering the company's net cash per share exceeds SGD 0.27, and the major shareholder Genting Berhad is facing liquidity issues, implementing a fair participation offer at SGD 0.90 could be an effective short-term value release method." A fair participation offer means the company provides all shareholders with an equal opportunity to participate in a transaction or buyback under the same conditions. Pool Zhengfeng pointed out that the company has ample net cash, and despite the upcoming waterfront development project requiring significant capital expenditure, scenario analysis shows that the company can still afford to pay over SGD 1 billion while maintaining moderate debt levels. #### Further Reading DBS Research is optimistic about the return of the VIP market after the renovation of Resorts World Sentosa Genting Singapore's net profit in the third quarter increased by 19% to SGD 94.6 million He believes that due to the improvement in the gambling industry environment and the recent renovation of the company's assets coming into operation, Genting Singapore is expected to maintain or even expand its market share in the first quarter of 2026. He raised the adjusted EBITDA forecast for the fiscal year 2026 by 1% He added that the company will also benefit from the doubling of the number of flights to China during the Lunar New Year, and it is expected that the gaming volume at Resorts World Sentosa may significantly increase during the peak travel period. However, the growth in gaming business may be partially offset by a softening in hotel room rates, with The Laurus' basic suite prices being lowered from over 1,000 yuan per night in October 2025 to a minimum of 630 yuan. The report believes that as the company releases value from its substantial cash reserves and improves capital returns, there is room for the stock to be revalued. The downside risk has a certain buffer at the level of 0.75 yuan, as the corresponding dividend yield is about 5.3%, which is attractive ### Related Stocks - [D05.SG - DBS](https://longbridge.com/en/quote/D05.SG.md) - [01952.HK - EVEREST MED](https://longbridge.com/en/quote/01952.HK.md) - [45961.HK - 云顶香港](https://longbridge.com/en/quote/45961.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | DBS partners with Granite Asia, closes $110 million AI IPO fund for wealth clients | DBS Group has partnered with Granite Asia to launch a $110 million AI-focused IPO fund for its wealth clients. This thre | [Link](https://longbridge.com/en/news/276557975.md) | | DBS to impose 12-hour cooling period for adding new payees, raising daily transfer limits | DBS Bank will implement a 12-hour cooling period starting March 7 for digital banking users when adding new payees, incr | [Link](https://longbridge.com/en/news/276526067.md) | | DBS' Wealth Unit Registers All-Time High in AUM, Inflows | DBS' wealth management business achieved record highs in 2025, with assets under management rising 19% to S$488 billion | [Link](https://longbridge.com/en/news/275266191.md) | | Parkway Life Reit secures 8.8 billion yen social loan from DBS, issues S$70 million green bond | Parkway Life Real Estate Investment Trust (Reit) has secured an 8.8 billion yen (S$72 million) social loan from DBS and | [Link](https://longbridge.com/en/news/276444388.md) | | DBS pilots Visa Intelligent Commerce for agent-initiated payments | DBS has launched a pilot for Visa Intelligent Commerce, becoming the first issuer in Asia Pacific to test AI agents for | [Link](https://longbridge.com/en/news/276190378.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.