Genting Singapore's cost pressures could ease in 2026, with earnings supported by new attractions, luxury rooms and retail stores, say DBS Group Research analysts in a note.
The opening of its new all-suite hotel in Singapore has been delayed to 3Q, while its S.E.A. Aquarium will close for 2.5 months in 1H, ahead of the Singapore Oceanarium relaunch in July, they write.
New retail stores will begin operating in the coming months, they say. Higher initial costs to prepare for these openings could soften 1H earnings before interest, taxes, depreciation, and amortization margins, they say.
"However, we expect a sequential recovery as income from the new openings starts to flow in," they add. DBS maintains the stock's buy rating and target price of S$0.95. Shares are at S$0.76.
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