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this is a long term investment growth stock n this is a family owned business..unless they release share to big institute if not price will remain range at usd0.3-usd0.45..
Huge selling today but with stronger USD and Genting SP stock price, this counter will come back for sure.
BB wont find Usd a hassle.. they have every resource to handle the forex issue.. First stop 50c
This stock is a waiting game. Punters are less inclined to buy in even if it is a good deal because of the foreign currency hassle so must depend solely on BB's. woohoo where are you BB's?
Can be $1 if other subsidiaries get listed.
Norwegian lines listed. More upside should come from this!
Genting HK US.. good to investment in this counter?? any advise?
correction on 2nd line:
*DJ Genting Hong Kong Target Raised To US$0.55 From US$0.48 By CIMB
*DJ Genting Hong Kong Target Price Raised to US$0.60 Vs US$0.40 By Macquarie Dow Jones Newswires
*DJ Genting Hong Kong Target Raised To US$0.48 From US$0.42 By CIMB
The 3 company will split, as already said 2 yrs back from President or CEO himself in a siminar.
Copy from Genting SP thread:
STOCKS NEWS SINGAPORE-Genting Hong Kong at 17-month high
By 0204 GMT, Genting Hong Kong shares were up 2.5 percent at $0.415 with 14 million shares traded, compared to its full day average volume of 17 million shares over the last five sessions.
Reuters
Shares of Genting Hong Kong Ltd rose as
much as 6.2 percent to a 17-month high after its part-owned unit
Norwegian Cruise Line Holdings Ltd (NCL) made a strong
market debut on the Nasdaq.
Genting Hong Kong has jumped 20 percent since the start of
the year.
On Friday, shares of NCL, a global cruise line operator,
surged 30.5 percent above its initial public offering price of
$19 on its first day of trading.
CIMB Research said this values the company at $5 billion
versus its estimate of $2.4 billion and the company's initial
valuation of $1 billion when Genting Hong Kong bought it in
2000.
" Guidance from the IPO shows that our numbers and valuations
of NCL were too conservative," said CIMB, adding that its two
new ships will command a 30 percent premium in ticket pricing,
making them key growth drivers for NCL and Genting Hong Kong.
CIMB raises its earnings per share forecasts for Genting
Hong Kong by 3-40 percent, and said the next big catalyst for
its shares would be the listing of Travellers, which develops
and operates its Manila integrated resort.
Copy from Genting SP thread:
STOCKS NEWS SINGAPORE-Genting Hong Kong at 17-month high
By 0204 GMT, Genting Hong Kong shares were up 2.5 percent at $0.415 with 14 million shares traded, compared to its full day average volume of 17 million shares over the last five sessions.
Reuters
Shares of Genting Hong Kong Ltd rose as
much as 6.2 percent to a 17-month high after its part-owned unit
Norwegian Cruise Line Holdings Ltd (NCL) made a strong
market debut on the Nasdaq.
Genting Hong Kong has jumped 20 percent since the start of
the year.
On Friday, shares of NCL, a global cruise line operator,
surged 30.5 percent above its initial public offering price of
$19 on its first day of trading.
CIMB Research said this values the company at $5 billion
versus its estimate of $2.4 billion and the company's initial
valuation of $1 billion when Genting Hong Kong bought it in
2000.
" Guidance from the IPO shows that our numbers and valuations
of NCL were too conservative," said CIMB, adding that its two
new ships will command a 30 percent premium in ticket pricing,
making them key growth drivers for NCL and Genting Hong Kong.
CIMB raises its earnings per share forecasts for Genting
Hong Kong by 3-40 percent, and said the next big catalyst for
its shares would be the listing of Travellers, which develops
and operates its Manila integrated resort.
The 3 company will split, as already said 2 yrs back from President or CEO himself in a siminar.
Copy from Genting SP thread:
STOCKS NEWS SINGAPORE-Genting Hong Kong at 17-month high
By 0204 GMT, Genting Hong Kong shares were up 2.5 percent at $0.415 with 14 million shares traded, compared to its full day average volume of 17 million shares over the last five sessions.
Reuters
Shares of Genting Hong Kong Ltd rose as
much as 6.2 percent to a 17-month high after its part-owned unit
Norwegian Cruise Line Holdings Ltd (NCL) made a strong
market debut on the Nasdaq.
Genting Hong Kong has jumped 20 percent since the start of
the year.
On Friday, shares of NCL, a global cruise line operator,
surged 30.5 percent above its initial public offering price of
$19 on its first day of trading.
CIMB Research said this values the company at $5 billion
versus its estimate of $2.4 billion and the company's initial
valuation of $1 billion when Genting Hong Kong bought it in
2000.
" Guidance from the IPO shows that our numbers and valuations
of NCL were too conservative," said CIMB, adding that its two
new ships will command a 30 percent premium in ticket pricing,
making them key growth drivers for NCL and Genting Hong Kong.
CIMB raises its earnings per share forecasts for Genting
Hong Kong by 3-40 percent, and said the next big catalyst for
its shares would be the listing of Travellers, which develops
and operates its Manila integrated resort.
jialat... still stuck at 0.435.
see how 2moro....
chiong, chiong chiong!!!! hope can reach 50 cents....
JJSeng ( Date: 21-Jan-2013 15:14) Posted:
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SHOW-TIME
dingbat ( Date: 21-Jan-2013 10:43) Posted:
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Thanks for posting this. TP is suggested @ 0.48. Any idea what the market TP will be?
Hope Big Action today...
Eddyson ( Date: 19-Jan-2013 13:10) Posted:
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This one, Monday BIG ACTION!
Norwegian Rises After Pricing $447 Million IPO
By Lee Spears - Jan 19, 2013 5:32 AM GMT+0800
Norwegian Cruise Line Holdings Ltd. (NCLH) jumped 30 percent after the company raised $447 million in an initial public offering, pricing the shares above their expected range.
The stock closed at $24.79 in New York following its market debut. Miami-based Norwegian sold 23.5 million shares, a 12 percent stake, for $19 each, according to a statement yesterday, after initially planning to offer them for $16 to $18 apiece.
Norwegian is taking advantage of a pickup in demand for cruises and plans to use proceeds from the IPO to repay debt. Buyers in the offering valued Norwegian as expensively as its largest competitor, Carnival Corp., which controls five times Norwegian’s share of the cruise business, according to Morningstar Inc.
The industry has persevered through tough times and “grown at a significantly higher pace with new capacity coming on,” Chief Executive Officer Kevin Sheehan said.
“Every time you bring out one of these beautiful new ships, it gets new people to take notice,” he said today in a telephone interview.
Norwegian planned to use the IPO to reduce total debt to $2.6 billion, according to regulatory filings.
At the IPO price, Norwegian had an enterprise value of $6.4 billion, or about 12 times earnings before interest, taxes, depreciation and amortization in the 12 months through September, according to data compiled by Bloomberg. That’s in line with Carnival Corp. (CCL), which also traded at 12 times as of yesterday.
Apollo, TPG
Carnival, also based in Miami, has a market share of about 50 percent, while Norwegian’s share is between 7 percent and 10 percent, according to Jaime Katz, a Chicago-based analyst at Morningstar.
New York-based Apollo Global Management LLC (APO) and Fort Worth, Texas-based TPG Capital together paid $1 billion for half of Norwegian’s equity in January 2008, data compiled by Bloomberg show.
Apollo will own about 33 percent of Norwegian after the IPO, and TPG will own about 11 percent, filings show. Genting Hong Kong Ltd., which owned the cruise line before the private- equity firms’ investment, will hold 44 percent.
The shares are listed on the Nasdaq Stock Market under the symbol NCLH. UBS AG and Barclays Plc led the offering.
To contact the reporter on this story: Lee Spears in New York at lspears3@bloomberg.net
To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net
This counter will be bullish for next couple of days.
SiSiSiSi.
slslslsl ( Date: 04-Jan-2013 13:03) Posted:
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Any comments on this counter?