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Genting Sing
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GenSp starts to move up again
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ericsim
Senior |
22-Feb-2011 22:25
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for good for baad, you decide...me vested...a sword with two edge News from Channel newsasia, believe you can trust... SINGAPORE: Casino operator Genting Singapore 's fourth quarter net loss widened 48 per cent to S$150.3 million because of an impairment charge it took on its discontinued UK casino operations.
However, the operator of Resorts World Sentosa managed to end the full-year with a net profit of S$37.8 million.
That compares with a loss of S$277.6 million in 2009.
Total revenue in the quarter jumped almost 60-fold to S$788.5 million, compared with S$13.4 million dollars for the same three-month period a year earlier.
Its full-year revenue stood at S$2.75 billion, a 56-fold increase from S$49.5 million in 2009, due to the commencement of Resorts World Sentosa, which is home to a casino, four hotels as well as the Universal Studios theme park.
Earlier, Marina Bay Sands, the other casino operator, reported US$560.4 million (around S$717 million) of revenue in the quarter ended December.
Resorts World opened in February last year, while Marina Bay Sands started operations in April.
Going forward, Genting said 2011 continues to be an exciting year as the resort ramps up to full completion in 2012.
-CNA/wk
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iPunter
Supreme |
22-Feb-2011 22:12
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This is a special stock which will not drop drastically at one go (ie. gap) ... Heavily traded stocks like this one are most likely to go lower in slow jumpy steps. 
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sinetic8
Senior |
22-Feb-2011 22:04
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I still waiting for the BBs to catch the shortists. That's more interesting watch than anything.
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freshmind
Senior |
22-Feb-2011 22:01
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All the noises from those short this counter only shows one fact - they are worry and very worry if the shares go up tomorrow. The trading figures told us that any single cent drops of Genting sp price below $2 will attract thousands of buyers so do you believe it will drop to 1.70 when it opens tomorrow? Be smart and don't be fooled by those panic traders! | ||||
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lowchia
Veteran |
22-Feb-2011 21:59
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On Tuesday, Genting SP broke the support at $2 and closed at $1.98 with regular volume of 0.103 billion shares traded. Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. RSI & MACD are flat as MACD lines converge together. Immediate Resistance of Genting SP: $2 Immediate Support of Genting: $1.95 Currently prices are well below 20/50/100/200 days MA. Since Jan 2011, prices has been trending in................READ MORE |
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tiancai007
Master |
22-Feb-2011 21:37
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I agreed. At least 20cent. Lelong Lelong...
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Citigold
Senior |
22-Feb-2011 21:37
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MBS could greatly indirectly supplement RWS non casino revenue.Though both r competitors in Casino business,but they are friends in Non Casino business.
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Bintang
Elite |
22-Feb-2011 21:35
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If Genting SP is to gap down when it opens tomorrow , it would to reach $1.70 according to gap theory . | ||||
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sinetic8
Senior |
22-Feb-2011 21:34
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ha ha.. yeah so if u dont wan to make loss, please sell! 
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vonntan
Senior |
22-Feb-2011 21:31
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I cant' believe casinos also will lose money but it's true. http://sgsharemarket.com/home/2011/02/genting-singapore-reported-a-loss-of-s150-3-million-in-earning-for-the-4th-quarter/ |
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sinetic8
Senior |
22-Feb-2011 21:28
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provided RWS bought over MBS' sg operations. he he!!
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Citigold
Senior |
22-Feb-2011 21:26
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i hope it will reach $30
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stockwinner
Member |
22-Feb-2011 21:23
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agree... $3 this year no a problem...$5 in 5 years time...
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limkt009
Veteran |
22-Feb-2011 21:19
Yells: "Watch your front, grab $$$$$ at your own time" |
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Collection time tmr....understand the reports |
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Citigold
Senior |
22-Feb-2011 21:16
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Yea,I shall buy on fri
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Isolator
Supreme |
22-Feb-2011 21:07
Yells: "STI is hard landing to below 2000..." |
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Buy on dip if any. It will rebound.. | ||||
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bryansng
Senior |
22-Feb-2011 20:57
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Can i confirm that short = contra? | ||||
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Citigold
Senior |
22-Feb-2011 20:45
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Of coz earn money
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iPunter
Supreme |
22-Feb-2011 20:44
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You must scratch your head when saying that...
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yummygd
Supreme |
22-Feb-2011 20:41
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first q also like that lose money due to uk casino. now q 4 still lose money but farney thing people keep pushin this stock up and keep saying genting sing is good so can buy but RESULTS not just on GS lei. i really dun understand. so all in all the whole year earn money or lose?
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