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Genting Sing
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GenSp starts to move up again
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Sarahli
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28-Jan-2010 12:33
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I don't think so. Caveat being more on the overall market sentiment than the conversion price. .95 is a major barrier as GS wants its cash call to be successful. For it to be successful, it not only has to not fall below this price, it will also have to give a margin for investors to convert. Hence, I think it cannot fall below 1.00 at least for it to look attractive to convert for bond holders. Believe the market will absorb this shock because of investors' long term confidence in its profitability. The last cash call ie, its recent rights issue at 0.80 (?), the price did not fall below 1.00 (pls correct me if I am wrong because I know it might actually be more than 1.00). Use your own judgment as to how low the price can go and make your own buy or sell. Pls don't listen so much to these FA because when Citi issue its valuation for GS, the price went all the way up from 1.05 to 1.17 or thereabouts within 2 weeks! Do you know how these big banks make their huge profits lately? Yes, through trading shares and moving the markets up and down. Use your common sense here. The cash call is a good excuse for a sell down, but the nearing issue of the licence is a great reason for a move up! Who do you think is busy buying now in these down prices?
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tanh2l
Veteran |
28-Jan-2010 11:49
Yells: "Outcome is the proof to all brilliant processes." |
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once i recover from last nite bulllets on hk, next rd i will try tw:)
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loyfam88
Senior |
28-Jan-2010 11:36
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Will there be force selling next week given the tsunami we had this week. | ||||
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woeiquan
Member |
28-Jan-2010 11:30
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Hi all Expert, Is that meant that Genting Sp going to down till 95cent on 9Feb? | ||||
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valentine27
Member |
28-Jan-2010 11:26
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Next week, we will know the truth. If Genting got its license, it is pretty obvious its stock for have a huge upward movement. In current market, its all about market sentiment, Z-Obee, a few cents stock becoz of just twin listing, now at a price of $0.38. that is how many times of its book value? Conclusion, market now ignores the fundamental ut based mostly on its sentiment. |
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AnthonyTan
Elite |
28-Jan-2010 11:10
Yells: "patience" |
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On Wednesday "forced selling" by local traders on margin calls hit the market and drove the benchmark ST Index down a further 34 points to close at 2,706.26. In all, the STI has fallen 187 points since last Wednesday and 227 points from its Jan 11 high of 2933. Dealers say one of the biggest casualties of the margin calls is Genting SP PLC. Its share price is down almost 20% since the start of the year. According to report by DBS Group Research, there could be a potential share overhang from the mandatory conversion of remaining $321 million. Convertible Bonds 2 at 95 cents on Feb 9. |
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matrixneo
Member |
28-Jan-2010 10:49
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dun forget pay check...haha... if u have read the recent blog by Mr Brown...an interesting note when he mentioned about how open is overseas casino as opposed to here. The entrances of overseas casinos are within view and unlike local casinos, you got to pay levy, pass through 'custom' checks...walk here walk there...go down then can see the casino...really hilarious... guess they are doing every bit to ensure responsible gambling so as not to bring in too many social and crime problems...but is it an overkill?
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pharoah88
Supreme |
28-Jan-2010 10:42
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CIMB team visited RWS yesterday and reported the possibility of OPENING for the Chinese New Year******** | ||||
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yummygd
Supreme |
28-Jan-2010 10:26
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govern also la allow people to start here dun here restrict there restrict.i know some things need to check but very ugly lei no wonder we are always being made fun of...WE MUST TAKE FUN SERIOUSLY....wah lau how to have fun.
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street81
Senior |
28-Jan-2010 10:21
Yells: "Learning to love the streets" |
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hk mei mei better hehehehe
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AnthonyTan
Elite |
28-Jan-2010 10:18
Yells: "patience" |
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CONVERT 2012 BONDS (S$450M) INTO SHARES @ CONVERSION PRICE OF S$ 0.95 ON 9th FEB. After that, can sell the shares to make $$$$$$$$$ LOL
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tthsteve
Member |
28-Jan-2010 10:13
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but when can get the licence. the authorities need to cross check, counter check, reference check, balance check, personality check, everytime, everyplace everywhere check and check and check.... RWS got 10,000 employees, maybe toilet cleaners also need to be checked.
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AnthonyTan
Elite |
28-Jan-2010 10:01
Yells: "patience" |
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Uncles & Aunties, pl.get the facts right. Don't listen to MFT ( rumour mongers ) Cheers and good luck |
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AnthonyTan
Elite |
28-Jan-2010 09:55
Yells: "patience" |
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Very realistic posting, evaluate this before you put your $$$$$$$$$$$$ into this counter. Can any forumers convince me with a buy call?
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susan66
Master |
28-Jan-2010 09:55
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STOCK CALL: Nomura initiates Genting Singapore (G13.SG) at Reduce as says shares look vulnerable to downside risk following recent strong run; sets S$0.77 target price. "After a 200% rise over the past year, we see significant downside risk for Genting, as expectations are becoming unrealistic." Adds, "given the high expectations and the hype built up over the past few months, Genting Singapore will have to constantly beat expectations to justify the lofty valuations." Says Singapore unlikely to become gaming hub like Macau as expects Singapore government to take cautious approach to casino liberalisation, high rollers likely tightly regulated, curbing size of the gaming market. While believes consensus expectations for what Singaporeans will spend on local gaming market also look too high. "We are not arguing that the two integrated resort projects (one of which is Genting's Resorts World Sentosa) will fail; instead, we believe that the street's expectations are overly optimistic." Shares closed down 5.5% at S$1.04 yesterday. What do you think of this? Should buy or not? Confused |
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yummygd
Supreme |
28-Jan-2010 09:48
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actually once they get licence they can open anytime.as long as they open way before Sands I think it will spike..now its all about winning on the opening of casino.
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teeth53
Supreme |
28-Jan-2010 08:26
Yells: "don't learn through life, learn to grow with life " |
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Ask for more investors to pump more money into Ah Lim pocket, the 5th time lohh in case money not enuff
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Bon3260
Supreme |
28-Jan-2010 08:13
Yells: "Ooo Ooo Aaa Aaa!" |
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Poor thing eh u! So young got tis type of pain... Not like me oredi gg 2 reach 64 soon. : (
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Bon3260
Supreme |
28-Jan-2010 08:08
Yells: "Ooo Ooo Aaa Aaa!" |
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Serious?
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risktaker
Supreme |
28-Jan-2010 08:03
Yells: "Sometimes you think you know, but in fact you dont" |
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pai seh i mean left side lol "Heart Area"
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