On May 12, the resort operator reported that revenue for the first quarter of the year was down 3% y-o-y to $608 million, led by lower gaming revenue, while non-gaming revenue, which typically accounted for a smaller proportion of the total, was up.
Genting Singapore shares dropped by around 8% to as low as 63 cents within minutes of the opening bell after reporting lower 1QFY2026 results.
Chee Zheng Feng of DBS Group Research has downgraded his call for Genting Singapore to "hold" from "buy" following what he calls "disappointing" 1QFY2026 results. His target price has been cut from 85 cents to 67 cents.
