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Genting Sing
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BullishTempo
Supreme |
23-Feb-2011 08:55
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Actually no idea, GenSp always never fails to surprise me. But I doubt there will be a 20-cent drop like Q3, this is a company that generated 643 millions in profits for 2010. Its the UK operations that screwed up the numbers.
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rabbitfoot
Veteran |
23-Feb-2011 08:52
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Dont tension. Wont drop much one. Already see some married shares near 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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rotijai
Supreme |
23-Feb-2011 08:50
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crystal1818
Veteran |
23-Feb-2011 08:46
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Hmm, BT what's your take on Gen SP when the market open? Thanks.
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sinetic8
Senior |
23-Feb-2011 08:45
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market depth anyone? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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genting^2
Veteran |
23-Feb-2011 08:40
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Time to short it to 1.86 and buy back. What do you guys think? |
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hpong5
Master |
23-Feb-2011 07:24
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‘Battlestar Galactica’ to boost Genting Singapore’s profit: Update Tags: Citigroup Inc | Genting Berhad | Genting Singapore | Las Vegas Sands | Resorts World Sentosa Written by Bloomberg Tuesday, 22 February 2011 23:05 Article Index ‘Battlestar Galactica’ to boost Genting Singapore’s profit: Update Transformers ride Tourism revenue All Pages Page 1 of 3 Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail Paul Wilkie was out of breath as he got off the Battlestar Galactica roller coaster at Universal Studios Singapore. “It was unbelievable, I’m still dizzy.” Wilkie, 28, who works at a radio station in Australia, also plans to drop by the casinos run by Genting Singapore Plc and Las Vegas Sands Corp., where he and his friends will bet on poker, blackjack and “really anything and everything.” Genting Singapore, which runs the theme park, reported recurring profit of $657 million in the first year of its Resorts World Sentosa, and is relying on visitors like Wilkie to boost revenue. Earnings at the world’s third- biggest casino company by market value may surge this year, according analysts surveyed by Bloomberg. Singapore’s two casinos are benefiting from the attractions at Resorts World Sentosa’s theme park, said Aaron Fischer, a Hong Kong-based analyst at CLSA Ltd. “The casinos are a major draw card, but Universal Studios is also providing Resorts World and Las Vegas Sands’ Marina Bay with new customers, which provide a more predictable revenue base and generate higher margins.” COMPONENT FAILURE Tickets to the park were sold out on online yesterday as Universal Studios staged an official reopening of the attraction based on the Battlestar Galactica television series after shutting it down for almost a year to fix a “ride component failure.” Genting Singapore has surged almost fivefold in the past two years in Singapore trading, making it Asia’s second-biggest casino company by market value. Full-year profit for the casino operator announced today missed the US$615 million ($787 million) average forecast of 21 analysts surveyed by Bloomberg as financing costs increased and high-stakes gamblers got lucky. Net income will reach $1.12 billion this year, according to the analysts’ average estimate. “We are not changing our positive view, which is based on the huge free cash flow generated by the property,” Fischer said after the earnings announcement. Last year’s profit from continuing operations of $657 million, compares with a year-ago loss of $282 million. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization of $386 million matched his estimate, Fischer said. TRANSFORMERS RIDE The $4.7 billion Resorts World also plans to open a marine museum, a water park and two hotels starting from the middle of the year. Another ride based on the Transformers movies may open by the end of the year, according to the company. Singapore’s casinos have provided “a new leg of growth for the Singapore economy,” said Song Seng-Wun, an economist at CIMB Research Pte. in Singapore. “If the macro environment continues to stay favorable, there’s no reason that the resorts won’t be able to attract a steady stream of visitors.” The city state’s economy grew by a record 14.5% last year, helped by the $420 million in net revenue contributed by Genting Singapore and Las Vegas Sands Corp. Genting Singapore’s “more holistic approach” will help growth in the coming year, said Carey Wong, senior investment analyst at OCBC Investment Research Pte. “Somebody with the excuse to bring their families for an outing to Universal Studios is also more prepared to spend money at the casino.” CASH FLOW Today’s earnings report “threw our numbers a little bit,” Wong said. Still, “cash flow wise, they’re pretty good," he said, citing Genting Singapore’s $298.7 million net cash inflow from operating activities in the fourth quarter. For the full year, cash flow was S$1.41 billion. The reopening of the Battlestar Galactica ride ‘‘will allow for a 20 to 25% increase in ticket sales,” said Fischer, who forecast earnings before interest, taxes, depreciation and amortization of $2 billion this year for Genting Singapore. Some of the visitors to the theme park will visit the casinos, said Huei Suen Ng, who covers gambling companies with Fischer at CLSA. They recommend buying Genting Singapore’s stock. Vincent Khoo, an analyst at UOB Kay Hian Holdings, predicts a more modest profit of S$886 million, because of the “fairly developed market” the company operates in. “I can’t see how the industry can grow leaps and bounds,” and the non- casino businesses may contribute less than 10 percent to the company’s growth, he said. TOURISM REVENUE Genting Bhd., owner of a controlling stake in the Resorts World operator, on Feb. 7 fell 3.9% to 10.90 ringgit in Kuala Lumpur trading after Citigroup Inc. cut its revenue forecast for the Singapore casino unit. Still, Singapore aims to attract 17 million visitors and triple annual tourism revenue to $30 billion by 2015. Tourism revenue in the Southeast Asian economy with the highest gross domestic product per capita rose 49% to $18.8 billion last year. Las Vegas Sands announced on Feb. 17 it plans to ask Singapore for more land because it’s running out of space at its US$6 billion Marina Bay Sands, which houses a sky park and a 160 meter-long swimming pool atop three 55-floor hotel towers, along with its casino, convention facilities, shops and restaurants. The casino resorts’ “amenities will result in attracting higher volumes of mass-market tourism traffic,” said Jonathan Galaviz, who analyzes tourism and the gambling industry as managing director of Galaviz & Co. “Multibillion dollar integrated resorts need thousands of people providing foot traffic everyday. Having only a few hundred millionaires roaming around won’t cut it in the long-run.” Out of Singapore’s 11.6 million visitors last year, 4.8 million, or 41%, were from Southeast Asia, according to government figures. Chinese tourists came in second at 1.2 million, or 10%. Hentje Pongoh, a coal trader from Indonesia, spent a whole day at Universal Studios Singapore, drawn by rides such as the Battlestar Galactica roller coaster. While he ran out of time to gamble, the 39-year-old said he will return “maybe next month” to visit Resorts World Sentosa’s casino. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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krisluke
Supreme |
22-Feb-2011 23:56
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Bro, find somethings else to do which are meaningful. day and night thinking of stock market can harm your health and growth. for day trader, no buy one la. reason very simple, sell and sell makes more money. like casinos, accepts many small bets would earn more than VIP room (one big bet) betting. selling goes quicker than buying, less likey to go wrong. Historic chart olso got shown wah. 
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bsiong
Supreme |
22-Feb-2011 23:48
Yells: "The Greatest Wealth is Health" |
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Genting Singapore Plc, the world’s third-biggest casino company by market value, posted a fourth-quarter loss as high rollers got lucky and financing costs increased. Net loss widened to $150.3 million the three months ended December compared with a loss of $101.7 million a year earlier, the company said today in a statement to Singapore’s stock exchange. Revenue climbed to $788.5 million, compared with $13.4 million in the same period last year. Profit for the full year was $37.8 million compared with a loss of $277.6 million a year earlier, missing the $615 million average estimate of 21 analysts surveyed by Bloomberg. It attributed its fourth-quarter loss to narrower margins for its VIP business as high-stakes gamblers won more than in the previous three-month period. Full year revenue was also reduced by the cost of paying down interest on it s$207.9 million loan to finance its integrated resort in Singapore. Genting Singapore, the country’s first casino operator, plans to open a marine museum, a water park and two hotels at its US$4.7 billion ($6 billion) Resorts World Sentosa property starting from the middle of this year. It staged a reopening yesterday of the Battlestar Galactica roller coaster at its Universal Studios Singapore theme park, after shutting it down for almost a year to fix a “ride component failure.” Another ride based on the Transformers movies may open by the end of the year, according to the company. Genting Singapore has surged almost fivefold in the past two years in Singapore trading, making it Asia’s second-biggest casino company by market value. Profit for the casino operator may reach $1.12 billion this year, according to the average estimate of 21 analysts surveyed by Bloomberg. Daily theme park attendance will more than double this year, the company said. Universal Studios Singapore had more than 2 million visitors in 2010. The casinos continue to see “strong visitorship,” the company said.
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iPunter
Supreme |
22-Feb-2011 23:45
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Old tricks won't work anymore in this new environment...
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krisluke
Supreme |
22-Feb-2011 23:45
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stock market don't make much one la. think about time, energy and effort would take you a few golden years to understand the word " market(s)" . Analysts and technical technicians also make comparsion at this moment situation. Take 5-10 years down the road, who knows this company still around or maybe not. Classic aunties / uncles fav stocks might become " white elephant" liao. One good example is singland... daily low vol, price movement quite subjective...
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KiLrOy
Master |
22-Feb-2011 23:39
Yells: "I buy only what I can see." |
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cycles (both economics & technicals) and are getting smaller/shorter now so cant get any 'greedier'. Most of my indicators, i have already switched from 40 days to 12-20 days period. Those 300 days MA is starting to make no sense with the world's disorderly chaos. True it does filter out the noises, but these days those noises has a longer term repercussion which also trigger new disorderly event. Its like a mutated virus~
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krisluke
Supreme |
22-Feb-2011 23:37
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quite true. any how handam olso can.. SGX must come out with somethings special. For examples, 24 hours ST future index (main board) and VIX future (votality asia index) for comsumers. It's cool ... ^^
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samson
Veteran |
22-Feb-2011 23:35
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market reaction slightly over Today, the market showing a sharp decline in the trend of heavy volume. Surface morning news today, Middle East turmoil led to greater volatility in global markets, oil prices rose to a new high record for 2 years the domestic front, China Banking Regulatory Commission said it is monitoring on the use of four new tools for commercial banks to implement the new prudential framework for the drafting of guidance documents, and will soon be out of ā 5 brag Sui Huan Gong disadvantages ㄏ Tenth Picnic prostitute? - " Heavy Metal Pollution Integrated Control," second Five-Year " plan" recently by the State Council officially approved. Today, both morning Stock Index opened slightly higher, stock index hit a 2944 high of this rally point, then the market showing a downward trend Zhu Bo, is heavy volume sell into the late, closing the fall of 2900 when the stock index points. Decline in the market today is obviously subject to factors outside the disk burst stimulation, the market response to slightly over-estimated relatively limited room for downward adjustment in the stock market index is expected to gradually stabilize bottom. Recently, Libya and other Middle Eastern countries as tensions, oil prices, gold prices soared, investors worried about future global economic recovery, leading to widespread European and Asian countries the market fell sharply, and then make the A-share market has been clobbered. But from a historical point of view, the precipitating factors that are often more short-term impact on the market will form a larger moment of impact, when the situation eased back to the original index in turn is driven by economic growth trends among the running . So, for today's adjustments, do not panic too much. To look at, or relatively stable domestic environment, the recent regulation of the domestic property market conditions in major cities have been put forward, greatly strengthening the real estate control results, before and after the policy is expected to face two sessions will be mainly the implementation of existing regulatory policies, the introduction of more stringent regulation policy is unlikely. After today's plunge in the short term, no real estate heavyweights have dropped down, and if they can effectively stabilized and stabilized market focus, followed by other small and medium market segment is expected a strong rebound, in this case, the index will be difficult to appear more substantial adjustments. |
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iPunter
Supreme |
22-Feb-2011 23:30
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The Dow opening is already 'pengsan'...
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krisluke
Supreme |
22-Feb-2011 23:29
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ya hor. play share is suppose at 1.5 years ago (world market crash). Buy on technical (3-5 years low).
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leoleo
Senior |
22-Feb-2011 23:25
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non stop trading postpone until when?I'm waiting for this time to come.I think no need to digest analysis rpt as not accurate,any how handam , most are nonsense as they are only guessssss.
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iPunter
Supreme |
22-Feb-2011 23:25
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Seriously, why not? But actually there exists already warnings in disclosure statements by broking firms to the effect that losses can occur in stock market activities.....
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krisluke
Supreme |
22-Feb-2011 23:20
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most prob lau sai tmr for genting. But revenue (bringing business into corp) is good. let's say BBs optimistic then can see some base line support. when days gone by, $ is more important, becos net profit less can mean your dollar invest might not be safely guarded... mix report. likely down then up, i think...
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tiancai007
Master |
22-Feb-2011 23:17
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I think MCYS should start a advertistment telling Singaporeans not to play with shares, like the one they have with gambling (Remember the father telling the daughter 'one last chance' and the little girl with the piggy bank). LOL
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