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GenSp starts to move up again

teeth53
Supreme

23-Feb-2010 22:44

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Yells: "don't learn through life, learn to grow with life "

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Just putting up an alternative view. Today (Tues 23-02-2010) closed 0.955ct

Genting SP

0.965

0.955

-0.015

-1.5

Vol:107,656,000

1,711,000

0.955

0.960

3,090,000

0.965

0.935

18 Feb: Thursday 0.95 cts has not been punch. great wall has remain poke with many hole
Gent SP remain a spend force (Boss, Ah Lim meeting tonite with his kakis - next battle plan isit for Friday ??., may need another err...50 million $$$ ??.)
In deed tide has turn, great wall remain great, well defended by stout well mended force, leaving both d (two) main forces to fight another day (Tomorrow Friday morning)

19 Feb: Friday. Well it did it best, the best is not enuff to fall back on. Gent Sp fall back to behind d great wall, down 0.90ct before it re-enforce it force to hit back to 0.94ct.
22 Feb: Monday will be another battle for Gent SP coming in, top in volume...hmm interesting.

Repost again.

RE-posted: 07-Jan-2010 20:35:

Date: 29-Dec-2009 23:38 Re-Posted: (Un-finish business of collecting another billion dollar) Patience will be rewarded. (U have to decide to take profit as a matter of when)

05-Dec-2009 09:00

Genting SP / GenSp starts to move up again

Many buy on hope Gent SP will be as good as getting, guaruntee a gaming licence. For some, it current trading on such hope that it can quickly rise or push it trading beyond $1.6-$2.

In near term such news has been facted in, while many branded analyst had been promoting Gent SP target price from $1.28 onward, they R awaiting to unload when TP is reachable and time may come B4 Gent SP announce, like for EG, getting a gamling licence or B4 it official opening.

0.95ct conversion is likely done and gone with if not jailat for those BBs.

FullConversionofSGD450mBonds.pdf

FULL CONVERSION OF THE S$450,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE BONDS DUE 2012 (THE "BONDS")

NEWBAB ( Date: 23-Feb-2010 21:57) Posted:

Hi Risktaker,

Remember u last time kept shouting TP: $1.50 - $2.00 in big and bold words, what happen now? below $1.00, what u have to say? I was greedy that I keep waiting for $1.50 to throw all my 24 lots to make about $10K, but now lose all these profits and have to suffer losses, I'm not blaming you at all but just to tell you that don't keep mentioning TP is how much, as it will mislead others. Anyway, it is just my greed, I should have sell all my holdings at $1.30 when it reached the highest at 1.32. No choice now, but to hold again.

Wish you good luck in your predictions.

risktaker ( Date: 22-Feb-2010 22:32) Posted:

Say HUAT ah if you genting to Cheong tomorrow :

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alexchia01
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23-Feb-2010 22:07

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Yells: "Catch The Stars And Ride With Them"

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Market sentiment is very good this week.

Many companies are announcing their financial results this week and many blue chips are going to report good profits.

This will simulate the market and most likely carry Genting along.

So Good Luck Everyone.

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NEWBAB
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23-Feb-2010 21:57

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Hi Risktaker,

Wish you good luck in your predictions.

risktaker ( Date: 22-Feb-2010 22:32) Posted:

Say HUAT ah if you genting to Cheong tomorrow :P

risktaker ( Date: 20-Feb-2010 12:03) Posted:

No Chart or No One can tell you it will go up or down.

However from what I observe - Its a Buy Call from me :)

There are few BBs playing this baby - It is set to rebound now ! But till what TP "No one knows" :)

Its up to the banker BB "Cao Cao"

Bond Holders already sold off most of their holdings from 1.20 :)

Been telling u guys many days ago Expect the unexpected --- :)

Its a Buy call from me :P

BOSAYOR :)

Please Throw away your FA & TA for this baby :P HUAT AH -- Choose your Best price you think to enter. "This baby is not for newbies"

8888 -- Singapore HUAT AH

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smartrader
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23-Feb-2010 20:39

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GENTING: What analysts now say ....

Tuesday, 23 February 2010

Excerpts from analysts' reports ....Deutsche Bank lowers GENTING’S target price to 90.5 cents

Analyst: Aun-Ling Chia, CFA

Lower target price to S$0.905 (-23%); maintain Hold

Resorts World Sentosa, which cost S$6.6 b to build, opened on Feb 14.

We have lowered TP to S$0.905, valuing RWS on 13x discounted 2011 EV/EBITDA(vs 14x 2012 previously). The shift in valuation methodology reflects the near-term earnings risks given more punitive junket framework and lack of positive surprises from initial gaming data points.

Key risks: lower-than-projected gaming market size; another downturn in the regional economy. Upside risk is prolonged delay of MBS’s opening.

Our initial thoughts and observation

We visited RWS casino (on Friday) after it soft-opened at 12.18pm on 14 February, the first day of the Chinese Year of the Tiger. At the same time, the Universal Studios Singapore (USS) started one week of sneak peek, where the theme park opens from 5pm to 9pm every night from 14 February to 21 February, showcasing restaurants and shopping venues only, as rides and shows are still being fine-tuned and are scheduled for opening mid- to end-March.

Only half the gaming floor is opened; minimum bets are higher than expected

Despite anticipating large turnout during the Chinese New Year holidays, we were slightly disappointed that only half of the gaming areas were opened. Management defended that strategy and believed that a phased opening would work better given that this is a new property and most of their croupiers (especially those on the main gaming floor) are new,with no real-life experience. Management prefers a gradual ramp-up to full capacity over the next 4-6 weeks, the speed of which depends on how fast their croupiers can be trained up. According to management, the casino opens with 270 tables including 50 tables at the premium Crockfords Tower.

Aun-Ling Chia’s notes from Feb 19 visit to Resorts World Sentosa casino:

* Slightly disappointed that only half of the gaming areas were opened.

* At 10am Friday morning, the casino was not as busy. Entering the casino was brisk.

* Roughly 400 tables on the main gaming floor, of which 220 tables were opened.

* 13 types of games with baccarat dominating at c. 42% of table capacity, followed by roulette (25%), blackjack (18%) and pontoon (11%).

* Minimum bets for baccarat/blackjack/pontoon are S$50-100 while roulette ranges from S$2 to S$4 and S$10. Other games have minimum bets that start at S$10.

* Malaysians made up a fairly significant portion of the casino visitations.

At 10am Friday morning, the casino was not as busy. Entering the casino was brisk, a stark contrast from the 40 minutes to 2 hours wait that some had to endure during the first two days of opening. In the casino, tables are 60-70% full, with most empty tables located in the smoking area. Casino patronage, however, built up quickly after 12pm with most tables operating at close to full capacity. Slots appear to be highly popular with >90% of them occupied.

Though we did not stay for the full day, we would expect the crowd to grow further as casinos normally reach peak capacity in the evening. Management did not share any casino patronage data during the first few days of opening, but commented that newspaper report of 60,000 for the first three days (i.e., an average of 20,000 per day) was not far off. Deutsche Bank previously forecasted 11.1m RWS visitation in 2010, of which 55% or 6.1m will enter the casino. This implies slightly less than 19,000 average casino visitation per day.

Based on our observations, there are roughly 400 tables on the main gaming floor, of which 220 tables (or 55% of capacity) are opened. In terms of games, there are 13 types with baccarat dominating at c. 42% of table capacity, followed by roulette (25%), blackjack (18%) and pontoon (11%). Minimum bets for baccarat/blackjack/pontoon are S$50-100 while roulette ranges from S$2 to S$4 and S$10. Other games have minimum bets that start at S$10.

There are also three multiple-terminal electronic baccarat tables with 32, 40 and 100 terminals each. On the second floor is Maxims Club (Resorts World silver and gold card holders) and Crockfords Club (VIP or Resorts World platinum cardholders). Maxims Club started operations on Friday (19 February, 8pm) while Crockfords has been operational from day one. We understand from our visit that Crockfords has roughly 60 tables, of which 16 tables are in the common area and the rest are spread out in 14 private rooms. All the rooms are booked up over the next few weeks. In total, we understand that there are roughly 600 tables in the casino. This is higher than the 540 tables Deutsche Bank assumed in our projection.

Malaysians are highly visible in the casino

We gather that Malaysians made up a fairly significant portion of the casino visitations. This observation was confirmed later by management: many existing Genting loyalty card members visited the casino over the last few days.

JP Morgan maintains 'overweight' rating on GENTING and $1.20 target price

Analysts: Nicole Goh, Billy Ng CFA, Christopher Gee CFA
Result slightly below expectations; we maintain OW: Genting Singapore reported an FY09 core net loss of S$167MM vs. our estimate of S$149MM. We are not changing our rating.

• Weaker UK operations in 4Q09: UK operations contributed S$23MM in FY09 and S$33MM in 9m09. The weaker 4Q09 numbers are due to a poorer luck factor and weaker attendance.

• RWS casino operations within expectations, so far: Visitor arrivals to the casino were 20,000-25,000 per day in the first five days of operation, which could equate to 7.3MM visitors per annum (by simply extrapolating 20,000 visitors per day); this is above our estimate of 5MM visitors to the casino in FY10. This is in spite of the milder marketing efforts given the initial uncertainty of the opening date. Note that the company is maintaining its visitor arrival forecast of 13MM visitors within the first year of opening.

• Share price has been weak lately and may remain weak in the short term: This, we believe, is due to (1) recent mandatory conversion of S$322MM of CBs into 338MM new shares, and (2)some initial issues such as the long lines outside the casino and less experienced dealers.

• Price target, valuation, key risks: We remain OW on the stock with a fundamental PT of S$1.20 as we believe in the long-term prospects of the two Singapore IRs, while we believe that there is upside potential to our FY10E numbers (judging by the very preliminary numbers above). We reiterate the benefit Genting should reap from having100% market share in the casino segment for at least the next three to five months before the opening of the Sands casino.

Source: JP Morgan.

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matrixneo
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23-Feb-2010 18:22

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yup...esp the moment u sold off and it bounced back ...and when u try to catch..it drops again and u cut loss again...yes..this kind of feeling sux...but its never a wrong decision to use cut loss method....go to optionsxpress and use the virtual money to virtual trade...with that virtual system, u can test yr theories and see whether cut loss method earns more than holding method.

Hulumas ( Date: 23-Feb-2010 17:55) Posted:

Wrong decision, I suppose!

matrixneo ( Date: 23-Feb-2010 17:45) Posted:

I salute you for your decision...its hard to make..but its wise...go in when there's clearer signs...its a good start to play with yr head not heart...so pls dun heart pain too long ;

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Hulumas
Supreme

23-Feb-2010 17:55

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Wrong decision, I suppose!

matrixneo ( Date: 23-Feb-2010 17:45) Posted:

I salute you for your decision...its hard to make..but its wise...go in when there's clearer signs...its a good start to play with yr head not heart...so pls dun heart pain too long ;)

commando ( Date: 23-Feb-2010 16:53) Posted:

bought at 1.03, sold at 0.955 to cut loss. So heart pain!.........

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OO123123
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23-Feb-2010 17:55

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ya, cut loss is a hard decision..many times, price fall below my cut loss point & yet i still din manage to cut.

it takes disipline to be a sucessful trader, whc i am still far behind.....hahaha...

commando, dun pain too long.....

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matrixneo
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23-Feb-2010 17:45

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I salute you for your decision...its hard to make..but its wise...go in when there's clearer signs...its a good start to play with yr head not heart...so pls dun heart pain too long ;)

commando ( Date: 23-Feb-2010 16:53) Posted:

bought at 1.03, sold at 0.955 to cut loss. So heart pain!.........

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pharoah88
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23-Feb-2010 17:09

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Recently, in the weekend newspapers, an article wrote:

"HAPPY in an UNhappy State".

The writer was so SMART.

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AnthonyTan
Elite

23-Feb-2010 17:04

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Yells: "patience"

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The mkt is alway there.Try to fight another day.

Win some & loss some, very common.

Cheers and good luck.

commando ( Date: 23-Feb-2010 16:53) Posted:

bought at 1.03, sold at 0.955 to cut loss. So heart pain!.........

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freshmind
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23-Feb-2010 17:03

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Once you step into the stock market, shares either go up or down, loss or making profit. We hope to gain profit but we also need to accept the reality if is needed. I don't bother about how much it go up and down, as long as the company no bankrupt and shares bought from extra fund. Time will tell you when is time to take profit, don't spend too much time to worry and make us mentally ill and sick.

GOOD LUCK!

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commando
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23-Feb-2010 16:53

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bought at 1.03, sold at 0.955 to cut loss. So heart pain!.........

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AnthonyTan
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23-Feb-2010 16:35

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Yells: "patience"

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Go long and short is better than going to the casino.

No need to pay $100

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pharoah88
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23-Feb-2010 16:34

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The market lOOks soft now.

gOOd iDEA to shOrt

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AnthonyTan
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23-Feb-2010 16:27

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Appear ok to short at $0.955 under CFD?

nickyng ( Date: 23-Feb-2010 11:30) Posted:

i thk dun pin too much hope on this counter lah....it is highly non-fundamental and "manipulated" stock! in line with it's GAMBLING business hor! :D

AnthonyTan ( Date: 23-Feb-2010 11:25) Posted:

Waiting for the BB's to create some excitment

in this counter. Uncles & Aunties are playing now.

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0330313
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23-Feb-2010 14:54

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Genting ideal price is 60cents It wont break the 1dollar mark i think

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niuyear
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23-Feb-2010 14:36

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Is Genting the only main focus in sentosa?

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matrixneo
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23-Feb-2010 14:31

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everyone has their own cut loss strategy...u have to know which suits you best...one is like you said, based on support and resistance point...the others may use stochastic, for myself will be based on past ups and downs...for this counter, comfortably 15% to show instability, some may use the simplest...your own risk tolerance..how many % of yr investment you willing to lose. 5% may be consider big in one counter while small in others....for e.g. for $1 stock, 5% mean 0.05....and you wont get 5% drop in a 5ct 10ct stocks where each drop or rise is already 50% or even 100%....imo...setting between 15% to 20% is a safe bet...

also, dun forget about the brokerage to buy and sell...for myself, I would consider that part of the %. If u buy this stock 1 lot at $1, the buy/sell brokerage already 6% of your principle.

OO123123 ( Date: 23-Feb-2010 13:30) Posted:

may i knw, how do you al define cut-loss point?

by % drop, or upon breaking support level?

pls advise...thanks

star-trader ( Date: 23-Feb-2010 11:40) Posted:

Happy to know that you guys are learning now ! :)

Cutting loss is part of the trading stock market strategy.. Just bear in mind this thing... if you have 10 trades, you cut loss on 2 trades by following the rules of trading, you will win the other 8 trades which overall you are making money...

Stocks are always up and down.. You will always have a chance to ride on the winning trade.. Happy investing and trading!

star-trader

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niuyear
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23-Feb-2010 13:59

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Sweet young thing and 'green cap' -

Man likes sweet young things so, dont blame the wife let him wear green cap. Karma . LOL

pharoah88 ( Date: 23-Feb-2010 12:40) Posted:

Genting SP is like a Sweet Young Thing [SYT] whom every man wants to IN.

But every man who wants to IN a SYT is at the SAME time FEARING that he canNOT TAHANG LONG LONG LONG.

And will KINA the GREEN GREEN GREEN CAP to become like a TURTLE or TORTISE.

For those who have the SYT FEAR need to substitute it with Sour Old Thing [SOT].

That is LIVE.

A recent article wrote, "HAPPY in an UNhappy State"

HAPPY to admire the SYT and yet UNhappy to own it due to SYT FEAR.

With SOT, it is "UNhappy in a HAPPY State" instead.

That is LIVE, AGAIN.

It is also IMpossible to be "HAPPY in a HAPPY State"

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nickyng
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23-Feb-2010 13:58

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well...the NAV of this burger is abt 33cts ! juz short to 2x that lah !! :P

moneycow ( Date: 23-Feb-2010 13:35) Posted:

Looking at Genting's past results. They really make big looses year after year since few years back.

There really isn't any benefit being their share holders. No devidents given for years.

Perhaps they are hoping that the Sentosa casino will help them tro be back to the black.

Yearly looses ranged from 300-400 millions.

If Sentosa casino and resort could generate for them 400 - 500 million or more annually.

They will be in profits first time after years in the red.

That is IF. And from the way, the ppl is packing the casino halls...........it may well be.

Things are picking up, high rolers are coming.....................

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