Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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rolandchiau
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13-Aug-2010 09:23
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Still early to sell.... | |||||||
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nickyng
Supreme |
13-Aug-2010 09:06
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shorted 10x at 1.44 ! wish me luck!! :P |
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AK_Francis
Supreme |
13-Aug-2010 09:02
Yells: "Happy go lucky, cheers." |
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Today BT. Ha ha, the reason why Mr Lim dun choose his own land to build IR.
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pharoah88
Supreme |
13-Aug-2010 08:56
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S H O R T | |||||||
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pharoah88
Supreme |
13-Aug-2010 08:34
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As a Money Printing System [MPS] ? Genting Singapore Overtakes ? COSCO's Original Record ? WILMAR's Peak Record ? Achives GUINESS World Record ? |
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pharoah88
Supreme |
13-Aug-2010 08:30
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Will Genting Singapore be ? Singapore's Soverign Money Printing System [MPM] ? At the Printing Rate of S$Billions per annum ? |
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Isolator
Supreme |
12-Aug-2010 23:14
Yells: "STI is hard landing to below 2000..." |
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Should look for sell.... lol... | |||||||
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leoleo
Senior |
12-Aug-2010 22:19
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One of the best sti stock. Must buy and keep long ..$8 in 10yrs no problem. | |||||||
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nickyng
Supreme |
12-Aug-2010 21:46
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sell on news bro !! :P with DJ and European mkts start sliding bit by bit from now.....only wise to take profit and RUN ! :P
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AK_Francis
Supreme |
12-Aug-2010 21:43
Yells: "Happy go lucky, cheers." |
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Ha ha, comrade, so tomorrow, buy high sell higher ah? Ok now Q liao. |
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jchong71
Member |
12-Aug-2010 21:34
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Power results for Q2!!! Genting Singapore Plc reported second-quarter profit of $396.5 million compared with a loss a year earlier as its new casino resort in Singapore “made an impact” in its first full quarter of operations.
Revenue surged to $979.3 million in the three months to June 30 compared with $120.1 million a year ago, according to a filing to the Singapore stock exchange today. Earnings before interest, tax, depreciation and amortization, or Ebitda, were US$513.9 million ($700.1 million), with margins of 52%, the statement said. Singapore overturned a 40-year ban on casinos in 2005 to spur economic growth. Genting’s US$4.7 billion Resorts World Sentosa opened on Feb. 14 and features Southeast Asia’s only Universal Studios theme park. Billionaire Sheldon Adelson’s Las Vegas Sands Corp. opened its rival US$5.5 billion Marina Bay Sands casino resort in the financial district in April.
The group’s Ebitda figure was “way above our $244m and consensus forecasts, which we think was $220m,” Aaron Fischer, a casinos analyst at CLSA Ltd. in Hong Kong, wrote in an e-mail. “With such strong set of results, our fair value for the stock will likely be revised to at least $1.50.”
Genting Singapore, controlled by Malaysia’s Genting Bhd., is the second-best performer on the Straits Times Index over the past 12 months, surging about 50% compared with the benchmark’s 14% gain.
The shares ended at $1.28 today before the results announcement, compared to their record close of $1.30 in December. Fischer’s target price for the stock is $1.30, according to Bloomberg data.
‘SHOWED RESILENCE’
“The gaming operator’s new flagship integrated resort Resorts World Sentosa made an impact, raising the group’s Ebitda,” Genting Singapore said in a media release. “With the opening of Marina Bay Sands, our business showed resilience,” the results filing said.
Monthly tourist arrivals in Singapore exceeded the 1 million mark for the first time in July, aided by the opening of two casino resorts, according to data from the tourism board. Two-thirds of the visitors to Genting Singapore’s casino in the city-state came from overseas, President Tan Hee Teck said in the media release.
Parent Genting Bhd., which holds 52% of Genting Singapore, said in July that it would buy the Singapore affiliate’s U.K. casino businesses for 340 million pounds ($722.3 million). Genting Singapore owns and operates 46 casinos in the United Kingdom, according to the media release.
Genting Singapore will hold an extraordinary shareholders’ meeting on Aug. 18 to approve the sale, the media release said. The company “plans to focus on its large-scale, integrated resort operations in Singapore and similar-natured opportunities in the region,” it said.
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leoleo
Senior |
12-Aug-2010 20:56
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tmr will pick some more b4 going higher. | |||||||
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cathylmg
Elite |
12-Aug-2010 20:42
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R u going? Remember to update us here hor? Thanks in advance.
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jm2212
Senior |
12-Aug-2010 20:01
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i rec'd this also..... surprise to have such seminar, and is just before the EGM which is on the 18th Aug | |||||||
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pharoah88
Supreme |
12-Aug-2010 17:36
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CIMB Securities is conducting Genting Singapore Investors' Meetings on Genting Singapore's Outlook ? |
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freeme
Elite |
12-Aug-2010 17:34
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their earning looks impressive.. no wonder sg gov wan casino in sg | |||||||
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pharoah88
Supreme |
12-Aug-2010 17:34
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GENTING DARK BELLY DANCING Since LAST WEEK ? |
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pharoah88
Supreme |
12-Aug-2010 15:48
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One AMMO DUMP is OUT
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AnthonyTan
Elite |
12-Aug-2010 15:43
Yells: "patience" |
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Very smart investors, buy low sell high = profit $$$$$$
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pharoah88
Supreme |
12-Aug-2010 15:27
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CASH is nEEded tO dEplOy CFDs ? ? ? ? |
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