Genting Singapore (SGX: G13) has not traded this low in 10 years.
That is an odd place for a company to be.
It carries no debt. It sits on billions in cash. And it still pays a dividend.
So what is dragging the shares down? And if you are buying for the income, can you trust the payout to hold?
Let us take it apart.
Genting Singapore owns and runs Resorts World Sentosa (RWS). That is Universal Studios Singapore, the Singapore Oceanarium, six hotels, and one of the two casinos licensed in Singapore.
The money comes in through two doors: gaming and non-gaming.
The bigger door has narrowed.
For the full year ended 31 December 2025 (FY2025), revenue slipped 3.1% year on year (YoY) to S$2.5 billion. Gaming revenue did the damage, falling 5.8% to S$1.6 billion on a lower win rate. Non-gaming held up better, rising 1.9% to S$832.3 million as the refreshed attractions pulled guests back in the second half....
