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pharoah88 ( Date: 26-Aug-2010 17:31) Posted:

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HAVE YOU GOT YOUR
CRUISE TICKET
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Genting HK: a turnaround story
Business Times Genting HK, once known as Star Cruises,
is a three-pronged US$1.9 billion market-cap
gaming entity comprising
Star Cruises in Asia,
Norwegian Cruise Line
Resorts World Manila ...
US$1.9 billion x S$1.34 = S$2.546 billion
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Genting HK own NCL...
NCL's net loss in 2010 included a non-recurring charge of $33.1 million related to foreign exchange contracts associated with the financing of Norwegian Epic.
Excluding this non-recurring charge [paper lOss ?], net income for the period was $18.2 million.
So genting hk profit should be more if exclude the $33.1 mil
US11.3 Million + US33.1 Million = US44.4 Million
pharoah88 ( Date: 30-Aug-2010 13:12) Posted:
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BUSINESS REVIEW
The below commentary is prepared based on the comparison of the results for the first half year of 2010 and 2009 of the Group.
Key points for 1H 2010 in comparison with 1H 2009:
- EBITDA for the period improved 84.3% to US$50.5 million, compared with US$27.4 million for the same period 2009
- Capacity increased by 4.7% and passenger ticket revenue increased by 23.5% in 2010 despite occupancy percentage decreased by 4% from 86% to 82% in 2010
- Net revenue increased by 7.5% to US$159.6 million, compared with US$148.5 million for 2009
- Ship operating expenses decreased by 3.6% in 2010, achieved through savings from various cost control and ship deployment initiatives
- Selling, general and administrative expenses excluding depreciation and amortisation decreased by 23.7% in 2010
- Operating profit before impairment was US$16.6 million for 2010, versus an operating loss before impairment of US$9.6 million in 2009
- Profit for the period was US$11.3 million, compared with loss for the period of US$35.3 million for 2009. Reported first half profit for the first time since 2006
- The turnaround from loss is due to the following reasons:
o Star Asia’s performance for 1H 2010 is reflective of measures taken to improve operational efficiency via active cost rationalisation and cost management, as well as effective deployment and marketing strategies implemented across the fleet
o NCLC has undergone a turnaround with stronger ticket pricing and booking trends alongside the recent launch of its newest ship, m.v. Norwegian Epic
o Resorts World Manila, the Group’s first venture in a land-based attraction in the Philippines which had its soft opening in August 2009 recorded a net income for the period
o
Earnings / (Loss) per share
|
Earnings / (Loss) per share is computed as follows: Six months ended 30 June |
|
2010
US$’000 |
2009
US$’000 |
|
unaudited |
unaudited
(restated) |
|
BASIC |
|
Earnings / (Loss) attributable to equity holders of the Company |
11,978 |
(34,497) |
|
Weighted average outstanding ordinary shares,
in thousands |
7,426,246 |
7,426,246 |
|
Basic earnings / (loss) per share in US cents |
0.16 |
(0.46) |
My Inn investments in the PRC recorded operating income in 1H 2010 compared to operating loss in 1H 2009 |
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UEM Land's Symphony Hills rakes in RM52m Aug 31, 2010 NSTP emedia
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| UEM Land Bhd's development project, Symphony Hills in Cyberjaya, raked in RM52 million within the first three weeks of its launch, MIDF Reseach said. "We believe it will continue to be a hit, given it easy accessibility via the Maju Expressway (MEX) and eventual migration to Kuala Lumpur city fringe (sub-urban) livi... |
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UEM Land's Symphony Hills rakes in RM52m
Aug 31, 2010 NSTP emedia
UEM Land Bhd's development project, Symphony Hills in Cyberjaya, raked in RM52 million within the first three weeks of its launch, MIDF Reseach said. "We believe it will continue to be a hit, given it easy accessibility via the Maju Expressway (MEX) and eventual migration to Kuala Lumpur city fringe (sub-urban) livi...
UEM Land's Symphony Hills rakes in RM52m
News
UEM Land Bhd's development project, Symphony Hills in Cyberjaya, raked in RM52 million within the first three weeks of its launch, MIDF Reseach said.
"We believe it will continue to be a hit, given it easy accessibility via the Maju Expressway (MEX) and eventual migration to Kuala Lumpur city fringe (sub-urban) living," MIDF Research said in its research note today.
The research house has maintained its neutral call and forecast for the company shares and revised upwards its target price to RM1.63 from RM1.25, citing the execution risk, improved strategic land sales and capability to attract Foreign Direct Investments (FDIs) as factors.
UEM Land is the real estate investment and property development arm of UEM Group Bhd.
The company posted a pre-tax profit of RM41.268 million for its second quarter ended June 30, 2010, up 361.2 per cent from RM8.948 million in the same period last year while revenue increased to RM88.003 million from RM68.686 million previously.
Source : Bernama
Date Published : 30 August 2010
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Thursday: 2 SEPTEMBER 2010 CLOSING
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Thursday: 2 SEPTEMBER 2010 CLOSING
| THBEV |
Y92 |
i |
-- |
SGD |
0.285 |
|
+0.005 |
+1.8 |
4,612,000 |
700,000 |
0.285 |
0.290 |
9,749,000 |
0.290 |
0.280 |
0.290 |
0.285 |
M |
-- |
SGX |
Y92 |
TBEV.SI |
UEM LAND HLDGS
|
5148 |
i |
-- |
MYR |
1.840 |
|
+0.130 |
+7.6 |
37,106,600 |
18,100 |
1.840 |
1.850 |
423,900 |
1.740 |
1.710 |
1.910 |
1.740 |
-- |
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Thursday: 2 September 2010 CLOSING
| MAYBANK BHD |
1155 |
i |
-- |
MYR |
8.500 |
|
+0.010 |
+0.1 |
11,210,100 |
35,700 |
8.460 |
8.500 |
1,217,600 |
8.520 |
8.490 |
8.600 |
8.470 |
-- |
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| e Genting HK US$ |
S21 |
i |
-- |
USD |
0.300 |
|
+0.010 |
+3.5 |
31,090,000 |
2,424,000 |
0.295 |
0.300 |
4,037,000 |
0.295 |
0.290 |
0.300 |
0.290 |
M |
-- |
SGX |
S21 |
GENH.SI |
| GENTING BHD |
3182 |
i |
CD |
MYR |
9.480 |
|
+0.090 |
+1.0 |
9,631,800 |
2,000 |
9.440 |
9.480 |
500 |
9.470 |
9.390 |
9.590 |
9.380 |
-- |
-- |
KLS |
3182 |
GENT.KL |
| GENTING MYS BHD |
4715 |
i |
CD |
MYR |
3.040 |
|
+0.040 |
+1.3 |
5,724,000 |
2,000 |
3.020 |
3.040 |
52,100 |
3.020 |
3.000 |
3.040 |
3.010 |
-- |
-- |
KLS |
4715 |
GENM.KL |
| Genting SP |
G13 |
i |
-- |
SGD |
1.760 |
|
-0.040 |
-2.2 |
255,754,000 |
4,899,000 |
1.760 |
1.770 |
2,721,000 |
1.820 |
1.800 |
1.830 |
1.740 |
M |
-- |
SGX |
G13 |
GENS.SI |
| GentingSMBLeCW120402 |
J2UW |
i |
-- |
SGD |
0.210 |
|
+0.005 |
+2.4 |
270,000 |
20,000 |
0.190 |
0.220 |
210,000 |
0.215 |
0.205 |
0.220 |
0.210 |
M |
-- |
SGX |
J2UW |
GNML_td.SI |
| GentingSMBLeCW130103 |
L2PW |
i |
-- |
SGD |
0.160 |
|
0.000 |
0.0 |
545,000 |
30,000 |
0.150 |
0.210 |
100,000 |
0.165 |
0.160 |
0.165 |
0.155 |
-- |
-- |
SGX |
L2PW |
GNML_tm.SI |
| GentingSMBLeCW130603 |
L0QW |
i |
-- |
SGD |
0.205 |
|
0.000 |
0.0 |
390,000 |
10,000 |
0.200 |
0.215 |
50,000 |
0.210 |
0.205 |
0.215 |
0.195 |
M |
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| e Genting HK US$ |
S21 |
i |
-- |
USD |
0.300 |
|
+0.010 |
+3.5 |
31,090,000 |
2,424,000 |
0.295 |
0.300 |
4,037,000 |
0.295 |
0.290 |
0.300 |
0.290 |
M |
-- |
SGX |
S21 |
GENH.SI |
| GENTING BHD |
3182 |
i |
CD |
MYR |
9.480 |
|
+0.090 |
+1.0 |
9,631,800 |
2,000 |
9.440 |
9.480 |
500 |
9.470 |
9.390 |
9.590 |
9.380 |
-- |
-- |
KLS |
3182 |
GENT.KL |
| GENTING MYS BHD |
4715 |
i |
CD |
MYR |
3.040 |
|
+0.040 |
+1.3 |
5,724,000 |
2,000 |
3.020 |
3.040 |
52,100 |
3.020 |
3.000 |
3.040 |
3.010 |
-- |
-- |
KLS |
4715 |
GENM.KL |
| Genting SP |
G13 |
i |
-- |
SGD |
1.760 |
|
-0.040 |
-2.2 |
255,754,000 |
4,899,000 |
1.760 |
1.770 |
2,721,000 |
1.820 |
1.800 |
1.830 |
1.740 |
M |
-- |
SGX |
G13 |
GENS.SI |
| GentingSMBLeCW120402 |
J2UW |
i |
-- |
SGD |
0.210 |
|
+0.005 |
+2.4 |
270,000 |
20,000 |
0.190 |
0.220 |
210,000 |
0.215 |
0.205 |
0.220 |
0.210 |
M |
-- |
SGX |
J2UW |
GNML_td.SI |
| GentingSMBLeCW130103 |
L2PW |
i |
-- |
SGD |
0.160 |
|
0.000 |
0.0 |
545,000 |
30,000 |
0.150 |
0.210 |
100,000 |
0.165 |
0.160 |
0.165 |
0.155 |
-- |
-- |
SGX |
L2PW |
GNML_tm.SI |
| GentingSMBLeCW130603 |
L0QW |
i |
-- |
SGD |
0.205 |
|
0.000 |
0.0 |
390,000 |
10,000 |
0.200 |
0.215 |
50,000 |
0.210 |
0.205 |
0.215 |
0.195 |
M |
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| e Genting HK US$ |
S21 |
i |
-- |
USD |
0.300 |
|
+0.010 |
+3.5 |
31,090,000 |
2,424,000 |
0.295 |
0.300 |
4,037,000 |
0.295 |
0.290 |
0.300 |
0.290 |
M |
-- |
SGX |
S21 |
GENH.SI |
| GENTING BHD |
3182 |
i |
CD |
MYR |
9.480 |
|
+0.090 |
+1.0 |
9,631,800 |
2,000 |
9.440 |
9.480 |
500 |
9.470 |
9.390 |
9.590 |
9.380 |
-- |
-- |
KLS |
3182 |
GENT.KL |
| GENTING MYS BHD |
4715 |
i |
CD |
MYR |
3.040 |
|
+0.040 |
+1.3 |
5,724,000 |
2,000 |
3.020 |
3.040 |
52,100 |
3.020 |
3.000 |
3.040 |
3.010 |
-- |
-- |
KLS |
4715 |
GENM.KL |
| Genting SP |
G13 |
i |
-- |
SGD |
1.760 |
|
-0.040 |
-2.2 |
255,754,000 |
4,899,000 |
1.760 |
1.770 |
2,721,000 |
1.820 |
1.800 |
1.830 |
1.740 |
M |
-- |
SGX |
G13 |
GENS.SI |
| GentingSMBLeCW120402 |
J2UW |
i |
-- |
SGD |
0.210 |
|
+0.005 |
+2.4 |
270,000 |
20,000 |
0.190 |
0.220 |
210,000 |
0.215 |
0.205 |
0.220 |
0.210 |
M |
-- |
SGX |
J2UW |
GNML_td.SI |
| GentingSMBLeCW130103 |
L2PW |
i |
-- |
SGD |
0.160 |
|
0.000 |
0.0 |
545,000 |
30,000 |
0.150 |
0.210 |
100,000 |
0.165 |
0.160 |
0.165 |
0.155 |
-- |
-- |
SGX |
L2PW |
GNML_tm.SI |
| GentingSMBLeCW130603 |
L0QW |
i |
-- |
SGD |
0.205 |
|
0.000 |
0.0 |
390,000 |
10,000 |
0.200 |
0.215 |
50,000 |
0.210 |
0.205 |
0.215 |
0.195 |
M |
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| e Genting HK US$ |
S21 |
i |
-- |
USD |
0.300 |
|
+0.010 |
+3.5 |
31,090,000 |
2,424,000 |
0.295 |
0.300 |
4,037,000 |
0.295 |
0.290 |
0.300 |
0.290 |
M |
-- |
SGX |
S21 |
GENH.SI |
| GENTING BHD |
3182 |
i |
CD |
MYR |
9.480 |
|
+0.090 |
+1.0 |
9,631,800 |
2,000 |
9.440 |
9.480 |
500 |
9.470 |
9.390 |
9.590 |
9.380 |
-- |
-- |
KLS |
3182 |
GENT.KL |
| GENTING MYS BHD |
4715 |
i |
CD |
MYR |
3.040 |
|
+0.040 |
+1.3 |
5,724,000 |
2,000 |
3.020 |
3.040 |
52,100 |
3.020 |
3.000 |
3.040 |
3.010 |
-- |
-- |
KLS |
4715 |
GENM.KL |
| Genting SP |
G13 |
i |
-- |
SGD |
1.760 |
|
-0.040 |
-2.2 |
255,754,000 |
4,899,000 |
1.760 |
1.770 |
2,721,000 |
1.820 |
1.800 |
1.830 |
1.740 |
M |
-- |
SGX |
G13 |
GENS.SI |
| GentingSMBLeCW120402 |
J2UW |
i |
-- |
SGD |
0.210 |
|
+0.005 |
+2.4 |
270,000 |
20,000 |
0.190 |
0.220 |
210,000 |
0.215 |
0.205 |
0.220 |
0.210 |
M |
-- |
SGX |
J2UW |
GNML_td.SI |
| GentingSMBLeCW130103 |
L2PW |
i |
-- |
SGD |
0.160 |
|
0.000 |
0.0 |
545,000 |
30,000 |
0.150 |
0.210 |
100,000 |
0.165 |
0.160 |
0.165 |
0.155 |
-- |
-- |
SGX |
L2PW |
GNML_tm.SI |
| GentingSMBLeCW130603 |
L0QW |
i |
-- |
SGD |
0.205 |
|
0.000 |
0.0 |
390,000 |
10,000 |
0.200 |
0.215 |
50,000 |
0.210 |
0.205 |
0.215 |
0.195 |
M |
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