New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 400% Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Annonce • Apr 15
Genting Singapore Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2025, Payable on 26 May 2026 Genting Singapore Limited announced that the Register of Members and the Register of Share Transfers of Genting Singapore Limited will be closed on 4 May 2026 until 5 May 2026 for the purpose of determining shareholders' entitlements to the proposed final one-tier tax exempt dividend of 2 Singapore cents per ordinary share in the Company ("Share") for the financial year ended 31 December 2025 ("Final Dividend"). Duly completed registrable transfers with the relevant share certificates received on 4 May 2026 will be registered to determine shareholders' entitlements to the Final Dividend. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with Shares on 4 May 2026 will be entitled to the Final Dividend. Payment of the Final Dividend, if approved by the shareholders at the forthcoming Annual General Meeting of the Company to be held on 15 April 2026, will be made on 26 May 2026. Annonce • Mar 24
Genting Singapore Limited, Annual General Meeting, Apr 15, 2026 Genting Singapore Limited, Annual General Meeting, Apr 15, 2026, at 10:00 Singapore Standard Time. Location: equarius hotel ballroom, equarius hotel, 16 sentosa gateway, resorts world sentosa, singapore 098269, Singapore Annonce • Jan 20
Genting Singapore Limited to Report Fiscal Year 2025 Results on Feb 24, 2026 Genting Singapore Limited announced that they will report fiscal year 2025 results After-Market on Feb 24, 2026 Annonce • Jul 02
Genting Singapore Limited to Report First Half, 2025 Results on Aug 07, 2025 Genting Singapore Limited announced that they will report first half, 2025 results on Aug 07, 2025 Annonce • Mar 24
Genting Singapore Limited, Annual General Meeting, Apr 14, 2025 Genting Singapore Limited, Annual General Meeting, Apr 14, 2025, at 10:00 Singapore Standard Time. Location: resorts world ballroom west, resorts world convention centre, basement 2, 8 sentosa gateway, resorts world sentosa, singapore 098269, Singapore Annonce • Jan 18
Genting Singapore Limited to Report Fiscal Year 2024 Results on Feb 20, 2025 Genting Singapore Limited announced that they will report fiscal year 2024 results at 5:00 PM, Singapore Standard Time on Feb 20, 2025 Board Change • Nov 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Chien Chien Wong was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: S$0.03 (vs S$0.023 in 1H 2023) First half 2024 results: EPS: S$0.03 (up from S$0.023 in 1H 2023). Revenue: S$1.36b (up 26% from 1H 2023). Net income: S$356.9m (up 29% from 1H 2023). Profit margin: 26% (in line with 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 16
First half dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 28th August 2024 Payment date: 18th September 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 14
Genting Singapore Limited Proposes One-Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2024, Payable on September 18, 2024 Genting Singapore Limited proposed one-tier tax exempt interim dividend of 2 Singapore cents per ordinary share in the Company for the financial year ending 31 December 2024. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at 5.00 p.m. on 29 August 2024 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on 18 September 2024. Buy Or Sell Opportunity • Aug 02
Now 21% overvalued Over the last 90 days, the stock has fallen 4.2% to €0.57. The fair value is estimated to be €0.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Annonce • Jul 10
Genting Singapore Limited to Report First Half, 2024 Results on Aug 14, 2024 Genting Singapore Limited announced that they will report first half, 2024 results on Aug 14, 2024 Annonce • Apr 30
Genting Singapore Limited Appoints Wong Chien Chien as Independent Non-Executive Director Genting Singapore Limited announced the appointment of Wong Chien Chien as Independent Non-Executive Director. Working Experience is Awbury Asia Pte Ltd. (Jan 2024 - Present) Senior Advisor Credit Suisse (1992 - 2023): 1. Managing Director, Singapore Chief Executive Officer (Jan 2022 - Feb. 2023) 2. Managing Director, Chief Operating Officer, Asia Pacific Division (2016 - June 2022) 3. Managing Director, Business Chief Operating Officer, Asia Pacific Division & Singapore Branch Manager (2015 - 2016) 4. Managing Director, Chief Operating Officer, Investment Bank Asia Pacific (Fixed Income, Equities, Investment Banking & Capital Markets) & Singapore Branch Manager (2012 - 2015). Other DirectorShips Past:- Full time occupation Credit Suisse (1992 - 2023): 1. January 2022 - Feb. 2023: Managing Director, Singapore Chief Executive Officer 2. 2016 - June 2022: Managing Director, Chief Operating Officer, Asia Pacific Directorships and Appointments (Credit Suisse) 1. May 2022 - March 2023: Authorized Representative, Credit Suisse AG, Singapore Branch 2. March 2022 - February 2023: Board Member, Credit Suisse Securities (Singapore) Pte Ltd. 3. January 2022 - February 2023: Board Member, Credit Suisse (Singapore) Limited 4. October 2018 - June 2022, Board Member, Credit Suisse Securities (Japan) Limited Non-Profit Organization 1. December 2015 - January 2020: Board Member, Autism Partnership Limited, HK. Director Experience Details:- Ms. Wong has attended relevant courses organised by the Singapore Institute of Directors. Professional Qualifications are 1. Member of Certified Public Accountants of Singapore 2. Fellow of Certified Public Accountants of Australia 3. Bachelor of Accountancy (Honours), National University of Singapore. Annonce • Apr 19
Genting Singapore Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2023 Genting Singapore Limited at the Annual General Meeting held on 18 April 2024, approved a final one-tier tax exempt dividend of $0.02 per ordinary share for the financial year ended 31 December 2023. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: S$0.051 (vs S$0.028 in FY 2022) Full year 2023 results: EPS: S$0.051 (up from S$0.028 in FY 2022). Revenue: S$2.42b (up 40% from FY 2022). Net income: S$611.6m (up 80% from FY 2022). Profit margin: 25% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Feb 22
Genting Singapore Limited Appoints Andrew Macdonald as Director Genting Singapore Limited appointed Andrew MacDonald as Director. Mr. Andrew MacDonald is the Chief Casino Officer of Resorts World at Sentosa Pte. Ltd. (RWS) since 1 September 2022. The Nominating Committee and the Board have assessed and are satisfied that Mr. Andrew MacDonald has the qualifications and experience to be appointed as the Director of RWS, the indirect wholly-owned subsidiary of the Company. Role And Responsibilities: The appointment is executive in nature. Mr. Andrew MacDonald is currently the Chief Casino Officer and is responsible for overseeing the overall casino business at RWS. Working Experience: Chief Casino Officer, RWS (since 1 September 2022), and Chief Casino Officer /Senior Vice President, Marina Bay Sands (January 2010-July 2021). Other DirectorShips Past: Chief Casino Officer /Senior Vice President, Marina Bay Sands. Date of appointment is February 22, 2024. Annonce • Jan 17
Genting Singapore Limited to Report Fiscal Year 2023 Results on Feb 22, 2024 Genting Singapore Limited announced that they will report fiscal year 2023 results After-Market on Feb 22, 2024 Upcoming Dividend • Aug 21
Upcoming dividend of S$0.015 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 22 September 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). Annonce • Aug 11
Genting Singapore Limited Proposes One-Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 22 September 2023 Genting Singapore Limited announced that the proposed one-tier tax exempt interim dividend of 1.5 Singapore cents per ordinary share in the Company for the financial year ending 31 December 2023 ("Interim Dividend"). Payment of the Interim Dividend will be made on 22 September 2023. Reported Earnings • Aug 11
First half 2023 earnings released: EPS: S$0.023 (vs S$0.007 in 1H 2022) First half 2023 results: EPS: S$0.023 (up from S$0.007 in 1H 2022). Revenue: S$1.08b (up 63% from 1H 2022). Net income: S$276.7m (up 228% from 1H 2022). Profit margin: 26% (up from 13% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (106% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Annonce • Jul 06
Genting Singapore Limited to Report First Half, 2023 Results on Aug 10, 2023 Genting Singapore Limited announced that they will report first half, 2023 results on Aug 10, 2023 Board Change • Jun 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Winston Hauw was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 26
Upcoming dividend of S$0.02 per share at 3.5% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 24 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 21
Full year 2022 earnings released: EPS: S$0.028 (vs S$0.015 in FY 2021) Full year 2022 results: EPS: S$0.028 (up from S$0.015 in FY 2021). Revenue: S$1.73b (up 62% from FY 2021). Net income: S$340.1m (up 86% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Feb 02
Genting Singapore Limited Announces Executive Changes The Board of Directors of Genting Singapore Limited announced the appointment of Ms Liew Lan Hing as Company Secretary, in place of Mr. Ong Jinq Her, with effect from 1 February 2023. Annonce • Jan 17
Genting Singapore Limited to Report Fiscal Year 2022 Results on Feb 20, 2023 Genting Singapore Limited announced that they will report fiscal year 2022 results After-Market on Feb 20, 2023 Upcoming Dividend • Aug 19
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 26 August 2022. Payment date: 20 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.7%). Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$88.2m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 59%, compared to a 701% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Aug 13
Genting Singapore Limited Proposes One-Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2022, Payable on 20 September 2022 Genting Singapore Limited announced that Register of Members and the Register of Share Transfers of the Company will be closed at 5.00 p.m. on 29 August 2022 until 5.00 p.m. on 30 August 2022 for the purpose of determining shareholders' entitlements to the proposed one-tier tax exempt interim dividend of 1 Singapore cent per ordinary share in the Company ("Share") for the financial year ending 31 December 2022 ("Interim Dividend"). Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at 5.00 p.m. on 29 August 2022 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on 20 September 2022. Annonce • Jul 06
Genting Singapore Limited to Report First Half, 2022 Results on Aug 12, 2022 Genting Singapore Limited announced that they will report first half, 2022 results on Aug 12, 2022 Annonce • May 03
Genting Singapore Limited Appoints Tan Hee Teck as CEO Genting Singapore Limited has appointed its president and chief operating officer Tan Hee Teck as the company's chief executive officer with effective May 1, 2022. Tan will concurrently cease to be president and COO, positions he has held since 2010, upon the new appointment. As CEO, Tan will be responsible for executing the board's approved strategies, managing and developing Genting's businesses, and providing leadership to its management team, the company said in a bourse filing. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (1.8%). Annonce • Apr 22
Genting Singapore Limited Approves Final One-Tier Tax Exempt Dividend Genting Singapore Limited announced that at its Annual General Meeting held on April 21, 2022, approved a final one-tier tax exempt dividend of $0.01 per ordinary share. Annonce • Apr 21
Genting Singapore Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on 25 May 2022 Genting Singapore Limited announced that the Register of Members and the Register of Share Transfers of the company will be closed on 9 May 2022 until on 10 May 2022 for the purpose of determining shareholders' entitlements to the proposed final one-tier tax exempt dividend of 1 Singapore cent per ordinary share in the Company for the financial year ended 31 December 2021. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as on 9 May 2022 will be entitled to the Final Dividend. Payment of the Final Dividend, if approved by the shareholders at the upcoming Annual General Meeting of the Company to be held on 21 April 2022, will be made on 25 May 2022. Annonce • Apr 15
Genting Singapore Limited Proposes Final One-Tier Tax Exempt Dividend Genting Singapore Limited proposed to approve the final one-tier tax exempt dividend of $0.01 per ordinary share in annual general meeting to be held on 21 April 2022. Annonce • Mar 31
Genting Singapore Limited, Annual General Meeting, Apr 21, 2022 Genting Singapore Limited, Annual General Meeting, Apr 21, 2022, at 10:00 Singapore Standard Time. Location: at Resorts World Ballroom West, Resorts World Convention Centre Basement 2, 8 Sentosa Gateway, Resorts World Sentosa Singapore Singapore Agenda: To receive and adopt the directors' statement and audited financial statements for the financial year ended 31 December 2021 and the auditor's report thereon; to declare a final one-tier tax exempt dividend of $0.01 per ordinary share; to consider the re-election of directors of the company; to approve directors' fees of up to $2,031,000 for the financial year ending 31 December 2022; to re-appoint PricewaterhouseCoopers LLP as auditor of the company; to proposed renewal of the general mandate for interested person transactions; and to proposed renewal of the share buy-back mandate. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: S$0.015 (up from S$0.006 in FY 2020). Revenue: S$1.07b (flat on FY 2020). Net income: S$183.3m (up 165% from FY 2020). Profit margin: 17% (up from 6.5% in FY 2020). Revenue missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 57%, compared to a 112% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annonce • Feb 18
Genting Singapore Limited Proposes Final Dividend in Respect of the Financial Year Ended 31 December 2021 Genting Singapore Limited announced Directors proposed the payment of a final dividend of 1 cent per ordinary share Tax-exempt (one-tier), in respect of the financial year ended 31 December 2021, subject to the approval of shareholders at the next Annual General Meeting of the Company. For the financial year ended 31 December 2020, a tax-exempt (one-tier) final dividend of 1 cent per ordinary share was paid to shareholders on 20 May 2021. Upcoming Dividend • Apr 21
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 20 May 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.5%). Reported Earnings • Mar 11
Full year 2020 earnings released: EPS S$0.006 (vs S$0.057 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$1.06b (down 57% from FY 2019). Net income: S$69.2m (down 90% from FY 2019). Profit margin: 6.5% (down from 28% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue misses expectations Revenue missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 60% while theHospitality industry in Germany is not expected to grow. Is New 90 Day High Low • Mar 06
New 90-day high: €0.55 The company is up 7.0% from its price of €0.52 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.72 per share. Reported Earnings • Feb 11
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$1.06b (down 57% from FY 2019). Net income: S$69.2m (down 90% from FY 2019). Profit margin: 6.5% (down from 28% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 11
Revenue misses expectations Revenue missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 63%, compared to a 27% growth forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Jan 22
New 90-day high: €0.54 The company is up 35% from its price of €0.40 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.23 per share. Annonce • Jan 06
Genting Singapore Limited to Report Fiscal Year 2020 Results on Feb 09, 2021 Genting Singapore Limited announced that they will report fiscal year 2020 results After-Market on Feb 09, 2021 Is New 90 Day High Low • Dec 16
New 90-day high: €0.54 The company is up 30% from its price of €0.41 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.19 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €0.45 The company is up 9.0% from its price of €0.42 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.19 per share. Is New 90 Day High Low • Oct 26
New 90-day low: €0.39 The company is down 12% from its price of €0.45 on 28 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.44 per share. Annonce • Aug 07
Genting Singapore Limited Not to Declare an Interim Dividend for the Half Year Ended 30 June 2020 The Board of Genting Singapore Limited has decided not to declare an interim dividend for the half year ended 30 June 2020 compared to 1.5 cents per ordinary share a year ago. Annonce • Jul 01
Genting Singapore Limited to Report First Half, 2020 Results on Aug 06, 2020 Genting Singapore Limited announced that they will report first half, 2020 results on Aug 06, 2020 
