Latest Forum Topics / Genting Sing Last:0.765 -- | Post Reply |
GenSp starts to move up again
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erictkw
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19-Nov-2009 11:43
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It is getting nearer....... Ticket prices for Universal Studios theme park start from S$32SINGAPORE: Visitors are one step closer to visiting Southeast Asia’s first and only Universal Studios theme park opening at Sentosa’s Resorts World, now that ticket prices have been revealed. Sale of tickets should not be too far on the horizon, with Resorts World Sentosa announcing on Wednesday its one—day, two—day and express pass ticket prices that range from S$32 to S$118 to access all attractions. "We have pegged ticket prices for Universal Studios Singapore at an incredible value compared to major theme parks worldwide," said Shirly Chen, Vice President (Sales Development), Resorts World Sentosa. The Universal Studios’ one—day pass on a weekday will cost S$66 for an adult and S$48 for a child, with seniors enjoying a special rate of S$32. The pass will cost S$72, S$52 and S$36 respectively for visits on weekends and public holidays. And if you want to avoid the long queues, you can buy an express pass costing between S$30 and S$68 — on top of an admission pass. The price is also attractive for tickets to visit the theme park over two consecutive days, with the highest tag being S$118 for an adult two—day pass. "As Singapore’s IR, a place for every Singaporean, it is also our aim to reach out to everyone, not forgetting grandmas and grandpas," said Chen. Resorts World Sentosa will open early next year, with four hotels, a casino and a host of shopping, dining and entertainment offerings, along with the Universal Studios Singapore theme park. Ticket sales and room reservations will be launched at a later date, in conjunction with exclusive packages for a charity auction. Universal Studios Singapore will feature 24 attractions, including the world’s biggest single collection of DreamWorks Animation attractions such as the world’s first Far Far Away Castle from the world of Shrek, Madagascar theme park ride and the world’s tallest dueling roller coaster. |
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teeth53
Supreme |
16-Nov-2009 20:14
Yells: "don't learn through life, learn to grow with life " |
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I seconded your opinion...Ya. , while yours is well simulated, still waiting for #1.15 to arrive This is a simulated stock. it make no different buy or selling now. U can now wait for opportunities to sell your mother and or right share, concentrate on when px movement surge above $1.15ct (different of 0.10ct) and so on....Happy trading..Ya. Just sharing my thot.
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BB-trader
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16-Nov-2009 15:15
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this counter is well manipulated, BB still like you to sell more lots to them, | ||||||||||||||||||||
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risktaker
Supreme |
16-Nov-2009 14:56
Yells: "Sometimes you think you know, but in fact you dont" |
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Zhuge liang told me time has almost come to mark the start of a Super Rally for Genting :) I donno what he meant but keep a close watch guys :) |
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teeth53
Supreme |
15-Nov-2009 09:15
Yells: "don't learn through life, learn to grow with life " |
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On Nov 6, 2009 (Friday) it ended at $1.08ct - unchanged. This week. Nov Friday the 13th (13-11-09) it ended plus $1.13ct, it up +0.05 cents
CMIB TP of $1.25 is of less difficult in achiving, (would CMIB target is a little too conservative ?.) while i've been pondering on how BBs is trying to hit $1.6 - $2 ?. for some is 5 - 8, even $20 is possible based on inflation. Noted this: We also trim FY10-11 estimates by 2-3% after scaling back UK business volumes. Following our earnings adjustments, our sum-of-the-parts target price dips to S$1.25 from S$1.27. GS remains a TRADING BUY with potential share-price catalysts from: 1) further newsflow and marketing efforts ahead of RWS’s Jan 10 opening; 2) the award of its casino licence; and 3) potentially longer-than-expected monopoly period if Marina Bay Sands opens later. |
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master_changkw
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14-Nov-2009 07:35
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Thanks for the report! Is look optimistic. | ||||||||||||||||||||
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erictkw
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13-Nov-2009 16:41
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From CIMB - 13 Nov 09 Genting Singapore Plc Target: S$1.25 Looking forward to Jan 10 • All eyes on RWS opening; reiterate TRADING BUY. GS’s 9M09 results beat expectations, with core net loss making up only 19% of our full-year loss estimate and 29% of consensus. RWS’s lower-than-expected pre-operating costs, which overwhelmed the UK’s weak showing, were the key variance. We cut our FY09 core net loss estimate by 17% to reflect the 30% slash in pre-operating costs. We also trim FY10-11 estimates by 2-3% after scaling back UK business volumes. Following our earnings adjustments, our sum-of-the-parts target price dips to S$1.25 from S$1.27. GS remains a TRADING BUY with potential share-price catalysts from: 1) further newsflow and marketing efforts ahead of RWS’s Jan 10 opening; 2) the award of its casino licence; and 3) a potentially longer-than-expected monopoly period if Marina Bay Sands opens later. • Lucky boost for UK operations. Although 3Q09 coincided with the summer months, business volume dipped qoq. But a higher win percentage (3Q09 17.6% vs. 2Q09 14.4%) lifted the topline by 17% qoq. Notwithstanding this, 9M09 revenue was still down 21% yoy, reflecting 1H09’s volume, luck and forex drags. 9M09 EBIT losses shrank further, thanks to this quarter’s better showing, last year’s aggressive cost-cutting measures and the non-recurrence of FY08’s redundancy and casino closure costs. • RWS in the spotlight. RWS is on track for a soft debut in Jan 10. As at end-Sep 09, S$5.0bn of project costs had been committed. In 3Q09, GS recognised another S$27m of pre-operating costs for RWS, bringing the 9M09 amount to S$55m. As with earlier quarters, the bulk of the costs were staff-related. Financing-wise, GS drew down another S$1.4bn from its secured credit facility in the quarter, bringing its total drawdown to some S$3.1bn. • Key takeaways from conference call: 1) although we expect pre-operating costs to spike in 4Q09, the lower-than-expected 9M09 amount was a positive surprise; 2) we are neutral on the planned progressive opening of RWS and the timelines for the take-off of RWS’s marketing programme, award of casino licence and unveiling of junket regulations; and 3) While we are slightly concerned that its workforce will only reach 3,600 by month-end, management has assured us that its recruitment programme is on track. Conference call highlights In a post-3Q09 results conference call last evening, GS provided more details on its operational numbers and the latest developments at its Sentosa IR project. The emphasis on RWS was evident. A key positive surprise was lower-than-expected YTD pre-operating costs, which caused us to trim our S$300m full-year estimate to S$200m. We are neutral on the planned progressive opening of RWS come Jan 10 and the timelines for key events such as the commencement of RWS’s marketing programme, award of casino licence and unveiling of junket regulations. While we are slightly concerned that its workforce is only 20+% of its soft opening target of 8,000, management has assured us that its recruitment programme is on track, with the staff force expected to reach 3,600 by month-end. Sentosa IR Opening in Jan 10. Management added that the Jan 10 debut will be progressive. While this appears slightly negative on the surface, we take comfort that management remains committed to delivering a true integrated resort experience to its visitors. As such, we believe that RWS’s key components i.e. hotel, casino, Universal Studios Singapore (USS) and retail outlets, will be accessible from Day 1, though we would not be surprised if some, apart from the USS, would only be partially opened. Less than S$6bn capex when RWS debuts. As at end-Sep 09, RWS had committed more than S$5bn in project costs. This figure is not expected to breach S$6bn when the resort opens in Jan 10, as part of the capex for the West Zone has been pushed into Year 2. We see this as merely cash-flow management. Management is still committed to a 2011 debut for Phase 2. Recruitment drive in full swing. To date, RWS’s headcount is 1,700. This figure is expected to increase to 3,600 by month-end. Although 3,600 is still less than half of the soft opening target of 8,000 employees, management said its recruitment programme is on track. We remain slightly concerned as we believe that the task to hire another 4,000+ people in the final month could be challenging. As highlighted in our previous note, this is a risk that could turn out to be a key hurdle for an early debut. Unveiling marketing programme in the coming weeks. With its opening expected to take place in less than three months, RWS will be launching its marketing programme in the coming weeks. Its marketing efforts so far have been rather lowkey, targeting the media to stir excitement ahead of its opening. RWS expects to start taking bookings for its hotels in the next few weeks, among other initiatives. Casino licence application at tail end. GS is in the interview stage of its casino licence application, having earlier submitted the necessary forms. Management was mum on the exact timing for the award of the licence. With GS working closely with the Casino Regulatory Authority throughout the IR development process, we see minimal risks of a fall-through and continue to believe that the award of its casino licence would be a mere formality. Junket guidelines to be unveiled soon. Management disclosed that the government is close to rolling out licensing guidelines for casino junket operators. While RWS would prefer to have a smaller proportion of junket-led VIP businesses, this segment is still expected to overshadow the direct VIP business. The preference for direct VIPs is not surprising, given that savings in junket commissions are expected to more than make up for rebates normally dished out to direct VIP gaming players. UK operations 3Q09’s better performance was luck-driven. 3Q09 revenue fell 19% yoy, dragged down by lower volumes and a weak sterling pound. But this was partially offset by a higher net win percentage of 17.6% vs. 3Q08’s 15.4%. The better luck, together with this quarter’s 39% yoy decrease in cost of sales, widened gross profit margins to 19% from 14% a year ago. Other updates Shedding light on S$1.5bn cash call. Although several questions were raised on GS’s recent S$1.5bn cash call, management did not provide further insights. Instead, it reiterated that some 60% of the net proceeds would be used for funding future acquisitions while 40% would be used for working capital purposes, including the repayment of bank borrowings. It also reaffirmed that GS’s potential acquisitions will be in the gaming space. Interestingly, it did not rule out tie-ups with sister companies to search for potential targets jointly. Within the group, Genting Malaysia, with its RM5.1bn cash, is on the look-out for potential M&As. Star Cruises is also eyeing new casino ventures, following its decision to evolve into a premier land- and sea-based leisure, hospitality and gaming corporation. |
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iPunter
Supreme |
13-Nov-2009 14:52
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I am revising my sell point to 1.17 for next week... Target 1.04...stoploss (dump, sell @1.21) Hope to quickly make about $1000 with 10 lots... |
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abc2xyz
Senior |
13-Nov-2009 14:44
Yells: "A stock sucker always enriches the market makers" |
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No lah, 1.19 hard to reach before X-mas. But what is the low you looking at? I think 1.05 lowest for the short term, and might not even go there anymore. Hehe. No longer vested, not a single lot. But watching.
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iPunter
Supreme |
13-Nov-2009 14:40
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Very 'sian'... This whole week I've been waiting to short @1.19... Still no chance... Why no "Cheong Aaaarrrhhhh!!!" ?... hehehe... |
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erictkw
Veteran |
13-Nov-2009 14:18
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DJ MARKET TALK: OCBC Upgrades Genting Singapore To Buy From Hold 13 November 2009 11:44 0342 GMT [Dow Jones] STOCK CALL: OCBC Investment Research upgrades Genting Singapore (G13.SG) to Buy from Hold, raises target price to S$1.31 from S$1.01; "while we are leaving our FY09 estimate largely unchanged, we have narrowed our FY10 loss estimate significantly by 44.1% as there is less of an overhang from its UK operations and longer contribution period from Resorts World At Sentosa." Notes gaming group plans to soft-launch casino-resort in January. Adds 3Q09 results show tough restructuring measures taken by Genting working as UK operations have turned around; "while it is still too early to say if the UK economy is out of the woods, it may be safe to say that its UK operations would be less of a drag on the group." 3Q09 revenue +17.1% on-quarter at S$140.7 million due to improvement in UK casino business, although bottomline at S$93.3 million loss due to fair value loss on derivative financial instruments, higher expenses incurred for Resorts World. Stock off 0.9% at S$1.11. (FKH) | ||||||||||||||||||||
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tradersgx
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13-Nov-2009 00:39
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victorf
Master |
11-Nov-2009 12:57
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just a first hypothesis on the price of Genting (not verify yet) based on similar trading traits few years ago (2004-2006) for Bio Treat (when it is a hot stock with many analysts coverage and potential)....Hypothesis: Genting will peak in April 2010 and crash in August 2010...as said, it needs more monitoring...good luck :) | ||||||||||||||||||||
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victorf
Master |
11-Nov-2009 12:47
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this counter is interesting....the ways it is being "played" reminds me of Bio Treat (only the technical trading not fundamental) many years ago...i am out of at $1.12 after right issues....though i am still monitoring this counter...not vested now...good luck :) Remember: 1. Be Disclipline 2. Never Lose Money |
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iPunter
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11-Nov-2009 08:26
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But, as we can see. the wimpy spurt yesterday ended as quickly as it started... Thus breaking out may not be so easy.. I'll short more again (average up) @ 1.19 ... Then cut loss (reverse position) @1.23...
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teeth53
Supreme |
10-Nov-2009 23:11
Yells: "don't learn through life, learn to grow with life " |
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Today on profit taking by BBs...esp 1st half morning in million of share. This is a simulated stock. it make no different buy or selling now. U can now wait for opportunities to sell your mother and or right share, concentrate on when px movement surge above $1.15ct (different of 0.10ct) and so on....Happy trading..Ya. Just sharing my thot.
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tusima
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10-Nov-2009 19:15
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must be patient. Will wait
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iPunter
Supreme |
10-Nov-2009 09:40
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Technically speaking, buying on the breakout is the best action... :) | ||||||||||||||||||||
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risktaker
Supreme |
10-Nov-2009 09:34
Yells: "Sometimes you think you know, but in fact you dont" |
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Genting has to Cross $1.24 once it cross that Genting will fly |
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matrixneo
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10-Nov-2009 09:15
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1.15....wohooooo | ||||||||||||||||||||
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