Genting Singapore faces macroeconomic headwinds and intensifying competition, UOB Kay Hian's Jack Goh says in a research report.
The brokerage assesses consumer sentiment and average spending at its Resort World Sentosa casino could be hurt by economic uncertainty from U.S. tariff policies that may impact business volume from regional countries such as China and Indonesia.
The brokerage also assesses its rival casino's structurally more strategic city-center location and recent completion of renovation of roughly 1,850 hotel rooms may continue to pose stiff competition.
The brokerage lowers its 2025-2026 earnings forecasts for Genting Singapore by 12%-17%.
It lowers the stock's target price to S$0.90 from S$1.12 with an unchanged buy rating.
Shares are 0.7% lower at S$0.71.