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10 Jul 2025
DBS downgrades Genting Singapore to ‘hold’, trims target price on tariffs dampening outlook
Summary: DBS downgraded Genting Singapore to “hold” due to macroeconomic uncertainties, tariffs, and a potential ousting from the MSCI Singapore Index. Lowered earnings forecasts are attributed to softer gaming revenue from regional tourists affected by economic pressures. The threat of MSCI exclusion, coupled with a decline in share price, further dampens the outlook for Genting Singapore.