ShareJunction - Member Posts

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Logically this counter should head north.

jing77 ( Date: 05-Aug-2009 10:31) Posted:

opening at the end of the year.. this counter boleh??

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opening at the end of the year.. this counter boleh??

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Littleboy, u mentioned that seller more aggressive... which means the seller r more agressive to sell down in this case? y would they wanna do that if they can sell higher which reap more profit? unless they intend to buy back at a lower price? tats wat i can think of. am i rite?

thks

Littleboy ( Date: 04-Aug-2009 23:49) Posted:

my trading friend said it broke support line so the price may go down further. So if u are doing contra, maybe cut loss, if not just hold lor. I think sellers are more aggressive than the buyers for this counter. Just my point of view. disclaimer.

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Agree that if you are not able to pick up, cut loos. But try not to speculate in this counter. Buy and keep. Imagine yourself as the banker of a gambling den, the house advantage is always there. A gambling den owner is always the ultimate winner. So hold and add up whenever the it dips.

Littleboy ( Date: 04-Aug-2009 23:49) Posted:

my trading friend said it broke support line so the price may go down further. So if u are doing contra, maybe cut loss, if not just hold lor. I think sellers are more aggressive than the buyers for this counter. Just my point of view. disclaimer.

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my trading friend said it broke support line so the price may go down further. So if u are doing contra, maybe cut loss, if not just hold lor. I think sellers are more aggressive than the buyers for this counter. Just my point of view. disclaimer.

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Got good news, how come the price still drop?

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Tuesday, August 04, 2009, 09.29 PM

GENTING Bhd, Asia’s biggest publicly-traded casino operator, may open its S$6.6 billion (about RM16 billion) resort in Singapore before the end of 2009 and earn more than earlier estimated for the first year of operations, CIMB Investment Bank Bhd said.

The “quick pace” of construction could lead to a pre-2010 opening instead of early next year, CIMB said in a report today after a recent visit to the site in Singapore.

Genting may announce the resort’s opening date next month, it said.

The casino resort in Singapore is expected to generate S$690 million in earnings before interest, tax, depreciation and amortization in the first year of operations, more than twice CIMB’s previous estimate, CIMB said.

CIMB today raised its target price on Genting to RM9.40 from RM7.90. Shares of the company, based in Kuala Lumpur, gained 1.9 per cent to RM6.42 at 12:05pm, set to become the third-best performer on the Malaysian benchmark stock index today.

Genting’s Singapore project is one of two casino resorts the government has allowed to be built in the city-state as part of its goal to lure 17 million visitors and triple annual tourism revenue to S$30 billion by 2015. Genting Singapore Plc, partly owned by Malaysia’s Genting, said on June 25 the resort in Singapore is on track to open in early 2010.

Las Vegas Sands Corp, controlled by billionaire Sheldon Adelson, said on July 8 it will open its Singapore casino resort on schedule in January or February next year.

Justin Leong, Genting’s head of strategic investments and corporate affairs, didn’t reply to an e-mail or answer his mobile phone. - Bloomberg

$ 1.20

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n actually I did that last week.

dealer0168 ( Date: 04-Aug-2009 18:37) Posted:

cathying, if u worry sell some first loh. I did that. But will increase my no. Of lots if Genting down below 0.80. Haha, beside I got other counter to go after.

cathylmg ( Date: 04-Aug-2009 17:08) Posted:

It looks to me like profit taking still not done yet. As there are still large lots dumping near the end of the day. May continue tomorrow. Proceed with cautions.

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cathying, if u worry sell some first loh. I did that. But will increase my no. Of lots if Genting down below 0.80. Haha, beside I got other counter to go after.

cathylmg ( Date: 04-Aug-2009 17:08) Posted:

It looks to me like profit taking still not done yet. As there are still large lots dumping near the end of the day. May continue tomorrow. Proceed with cautions.

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wa... certainily does not look good for an upcoming casino leh... judging by the way the price just keep going down... wats the meaning of profit taking?

Thanks

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It looks to me like profit taking still not done yet. As there are still large lots dumping near the end of the day. May continue tomorrow. Proceed with cautions.

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Today is a correction for all stocks. Just hope US don't drop too much tonight. Cheers.

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I will load more if it goes further. Smiley

cathylmg ( Date: 04-Aug-2009 16:48) Posted:

This burger should be moving up but in the end it moves down instead.

dealer0168 ( Date: 04-Aug-2009 13:18) Posted:

Genting’s Resorts World at Sentosa may open earlier, CIMB says

Written by Bloomberg

Tuesday, 04 August 2009 12:35

Genting Bhd., Asia’s biggest publicly traded casino operator, may open its $6.6 billion Resorts World at Sentosa before the end of 2009 and earn more than earlier estimated for the first year of operations, CIMB Investment Bank Bhd. said.

The “quick pace” of construction could lead to a pre-2010 opening instead of early next year, CIMB said in a report today after a recent visit to the site in Singapore. Genting may announce the resort’s opening date next month, it said.

Resorts World at Sentosa is expected to generate $690 million in earnings before interest, tax, depreciation and amortisation in the first year of operations, more than twice CIMB’s previous estimate, CIMB said.

CIMB today raised its target price on Genting to 9.40 ringgit ($3.9) from 7.90 ringgit. Shares of the company, based in Kuala Lumpur, gained 1.9% to 6.42 ringgit at 12:05 p.m. local time, set to become the third best performer on the Malaysian benchmark stock index today.

Genting’s Singapore project is one of two casino resorts the government has allowed to be built in the city-state as part of its goal to lure 17 million visitors and triple annual tourism revenue to $30 billion by 2015. Genting Singapore Plc, partly owned by Malaysia’s Genting, said on June 25 the resort in Singapore is on track to open in early 2010.

Las Vegas Sands Corp., controlled by billionaire Sheldon Adelson, said on July 8 it will open its Singapore casino resort on schedule in January or February next year.

Justin Leong, Genting’s head of strategic investments and corporate affairs, didn’t reply to an e-mail or answer his mobile phone.

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This burger should be moving up but in the end it moves down instead.

dealer0168 ( Date: 04-Aug-2009 13:18) Posted:

Genting’s Resorts World at Sentosa may open earlier, CIMB says

Written by Bloomberg

Tuesday, 04 August 2009 12:35

Genting Bhd., Asia’s biggest publicly traded casino operator, may open its $6.6 billion Resorts World at Sentosa before the end of 2009 and earn more than earlier estimated for the first year of operations, CIMB Investment Bank Bhd. said.

The “quick pace” of construction could lead to a pre-2010 opening instead of early next year, CIMB said in a report today after a recent visit to the site in Singapore. Genting may announce the resort’s opening date next month, it said.

Resorts World at Sentosa is expected to generate $690 million in earnings before interest, tax, depreciation and amortisation in the first year of operations, more than twice CIMB’s previous estimate, CIMB said.

CIMB today raised its target price on Genting to 9.40 ringgit ($3.9) from 7.90 ringgit. Shares of the company, based in Kuala Lumpur, gained 1.9% to 6.42 ringgit at 12:05 p.m. local time, set to become the third best performer on the Malaysian benchmark stock index today.

Genting’s Singapore project is one of two casino resorts the government has allowed to be built in the city-state as part of its goal to lure 17 million visitors and triple annual tourism revenue to $30 billion by 2015. Genting Singapore Plc, partly owned by Malaysia’s Genting, said on June 25 the resort in Singapore is on track to open in early 2010.

Las Vegas Sands Corp., controlled by billionaire Sheldon Adelson, said on July 8 it will open its Singapore casino resort on schedule in January or February next year.

Justin Leong, Genting’s head of strategic investments and corporate affairs, didn’t reply to an e-mail or answer his mobile phone.

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Genting’s Resorts World at Sentosa may open earlier, CIMB says

Written by Bloomberg

Tuesday, 04 August 2009 12:35

Genting Bhd., Asia’s biggest publicly traded casino operator, may open its $6.6 billion Resorts World at Sentosa before the end of 2009 and earn more than earlier estimated for the first year of operations, CIMB Investment Bank Bhd. said.

The “quick pace” of construction could lead to a pre-2010 opening instead of early next year, CIMB said in a report today after a recent visit to the site in Singapore. Genting may announce the resort’s opening date next month, it said.

Resorts World at Sentosa is expected to generate $690 million in earnings before interest, tax, depreciation and amortisation in the first year of operations, more than twice CIMB’s previous estimate, CIMB said.

CIMB today raised its target price on Genting to 9.40 ringgit ($3.9) from 7.90 ringgit. Shares of the company, based in Kuala Lumpur, gained 1.9% to 6.42 ringgit at 12:05 p.m. local time, set to become the third best performer on the Malaysian benchmark stock index today.

Genting’s Singapore project is one of two casino resorts the government has allowed to be built in the city-state as part of its goal to lure 17 million visitors and triple annual tourism revenue to $30 billion by 2015. Genting Singapore Plc, partly owned by Malaysia’s Genting, said on June 25 the resort in Singapore is on track to open in early 2010.

Las Vegas Sands Corp., controlled by billionaire Sheldon Adelson, said on July 8 it will open its Singapore casino resort on schedule in January or February next year.

Justin Leong, Genting’s head of strategic investments and corporate affairs, didn’t reply to an e-mail or answer his mobile phone.

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Volume but share price not moving.

erictkw ( Date: 03-Aug-2009 12:05) Posted:

DJ MARKET TALK: CIMB Upgrades Genting Singapore To Trading Buy

03 August 2009 10:52

0251 GMT [Dow Jones] STOCK CALL: CIMB upgrades Genting Singapore (G13.SG) to Trading Buy from Underperform on bullish view of company's integrated resort on Singapore's Sentosa island, which looks set to open before rival Marina Bay Sands casino; "we expect strong newsflow from Resorts World Sentosa in the coming months as it gears up for its maiden opening." Tips potential share price catalysts as award of casino license sometime in 4Q09, speedy pace of construction could lead to pre-2010 opening. Upgrades operating profit estimates for Sentosa resort to reflect more optimistic outlook, now expects company to be in black in FY10 and raises FY11 earnings estimate by 42%. Raises sum-of-the-parts target price to S$1.05 from S$0.51 driven by revised earnings forecasts, recent re-rating of global gaming stocks. Shares off 1.2% at S$0.835; STI down 0.7%. (KIG)

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A lot of buy ups but a lot of dumpings. Could be profit takings. IMHO.

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This burger want make the price down?? Smiley

Fishcake ( Date: 03-Aug-2009 15:52) Posted:

wa... 6,662 lots transacted at 0.83 at 15:46hr...what is going on?

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wa... 6,662 lots transacted at 0.83 at 15:46hr...what is going on?

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DJ MARKET TALK: CIMB Upgrades Genting Singapore To Trading Buy

03 August 2009 10:52

0251 GMT [Dow Jones] STOCK CALL: CIMB upgrades Genting Singapore (G13.SG) to Trading Buy from Underperform on bullish view of company's integrated resort on Singapore's Sentosa island, which looks set to open before rival Marina Bay Sands casino; "we expect strong newsflow from Resorts World Sentosa in the coming months as it gears up for its maiden opening." Tips potential share price catalysts as award of casino license sometime in 4Q09, speedy pace of construction could lead to pre-2010 opening. Upgrades operating profit estimates for Sentosa resort to reflect more optimistic outlook, now expects company to be in black in FY10 and raises FY11 earnings estimate by 42%. Raises sum-of-the-parts target price to S$1.05 from S$0.51 driven by revised earnings forecasts, recent re-rating of global gaming stocks. Shares off 1.2% at S$0.835; STI down 0.7%. (KIG)