No one really knows actual size of Singapore’s casino gaming market, judging from 49 target price upgrades by analysts for Genting Singapore (G13.SG) as of last Thursday over past year, says Nomura, according to Dow Jones.
Nomura notes total of 76 changes have been made to target prices, including 27 downgrades over same period: “The guessing game continues with consensus price targets going as high as to imply it is worth more than the three Singapore banks and larger than the combined market caps of all the Macau-listed names.”
Nomura says frequency of upgrades shows there are lots of novelty factors at play, could take a year for euphoria to die down; “by extrapolating the street’s frequency and quantum of upgrades, the implied price target for Genting Singapore could possibly hit $10 soon.”
But sticks to its Reduce call, $1.01 target, based on average of 12x EV/EBITDA fetched by Macau operators. Shares off 1.0% at $1.97.
Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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elton81
Master |
14-Sep-2010 17:10
Yells: "$$ very hard to earn :(" |
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go up than go up lor.. many counters to play.. missed a boat.. wait for the next 1 :) what if 2molo genting sp falls to 1.8? |
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epliew
Supreme |
14-Sep-2010 17:06
Yells: "no worries be happy !" |
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tomorrow goes up then how are u going to enter ?
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happylee
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14-Sep-2010 17:05
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Between $1.91 to $1.88 should be good buy...$1.88 may not hit unless there is direct bad news.... |
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epliew
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14-Sep-2010 17:04
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did u get any genting sp share ? what price ?
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epliew
Supreme |
14-Sep-2010 17:00
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tomorrow come in earlier .....
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happylee
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14-Sep-2010 16:57
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I will Q to buy at $1.89.... | ||||||||
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epliew
Supreme |
14-Sep-2010 16:55
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but if you can get it at 1.91 please take it....
wait for it to hit 1.88 make it would not hit it.
i got some this morning at 1.95. just queue and no time to monitor. so i average it at 1.92.
it seems like 1.91 is the lowest it can go.......
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elton81
Master |
14-Sep-2010 16:51
Yells: "$$ very hard to earn :(" |
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mayb can get at 1.91 or 1.9 at preclose? .. i aiming preclose 1.9.. but most prob wont enter until 2molo or thursday
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Isolator
Supreme |
14-Sep-2010 16:51
Yells: "STI is hard landing to below 2000..." |
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Call it a day again... no greedy, enough for me... lol.. |
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epliew
Supreme |
14-Sep-2010 16:42
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got it at 1.92 ! yes...... good to hold genting again.
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bishan22
Elite |
14-Sep-2010 16:39
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OK take your word 1.88. Hoo ahhhhhhhhhh.
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epliew
Supreme |
14-Sep-2010 16:34
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1.90 is good but 1.88 is resistance level....
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bishan22
Elite |
14-Sep-2010 16:31
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1.90 is safer to get slightly more juice. Waiting..............
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epliew
Supreme |
14-Sep-2010 16:28
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are u going in 1.92 now.....
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bishan22
Elite |
14-Sep-2010 16:15
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Neber be greedy. Those took profit oredi, is waiting to go in. Hee Hee | ||||||||
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epliew
Supreme |
14-Sep-2010 16:12
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76 times changes...... kill the bird..... truth is most people cannot make money in casino but make more with the shares market....
buy buy buy......
1.93 coming down soon.
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epliew
Supreme |
14-Sep-2010 16:08
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wow, people queuing at 1.93/1.92
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BullishTempo
Supreme |
14-Sep-2010 16:03
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This is quick pick cherry time. 1.94 or 1.95 are good buys. 1.93 even better | ||||||||
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niuyear
Supreme |
14-Sep-2010 15:48
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Quotes from the post : ................Nomura notes total of 76 changes have been made to target prices, including 27 downgrades over same period: “The guessing game continues with consensus price targets going as high as to imply it is worth more than the three Singapore banks and larger than the combined market caps of all the Macau-listed names.................
P/s - It has been guessing ? Still dares to shout so loudly? When the analyst does its analysis of each company, does he just base on the company 'written financial report' only and has he also taken into accounts of its nature of business, its prospect , its attraction, people's culture, the sentiment of the stock. or simply by GUESSing? ................. Gentnig is a NEWLY SET UP Casino / INtegrated resort in Singapore, and it is the first of the kind in Singapore and if an analyst just simply do so by juding the 'book' to write the report, no wonder they have to change their price target 76 TIMES!!! I dont know if its true that, people lost 1 billion in one day, (few of them) and each could turn out to be $250 millions!! The loss of that business man of 26 million looks like chicken feet.
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elton81
Master |
14-Sep-2010 15:39
Yells: "$$ very hard to earn :(" |
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not expert.. just my habit to see see 1st.. |
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