After DBS analysts upgraded their rating, Genting Singapore's stock price rose by over 3% | Lianhe Zaobao

DBS Research has upgraded the rating of Genting Singapore to "Buy," with a target price of SGD 0.90, believing that capital return plans such as share buybacks or special dividends are expected to enhance valuation and unlock shareholder value. Genting Singapore's stock price rose 3.25% to SGD 0.795. Analysts pointed out that the company has net cash per share exceeding SGD 0.27, and with major shareholders facing liquidity constraints, implementing a fair participation offer may become an effective short-term value release method. Despite having large capital expenditure projects, the company still has the capacity to pay over SGD 1 billion in cash