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Genting Sing    Last:0.74    -0.015

A very nice song for you.

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Leinadgnow
    12-Nov-2010 15:41  
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hello epilew :D i didnt say buy! i say wait for monday to see if up or down cause right now it is in the middle of the bollingerband and below MA20.. possible to buy if it starts to move towards the MA20 and break it, going towards the bollingerband.. :D i didn't say BUY NOW HOR hahaha
 
 
epliew
    12-Nov-2010 15:34  
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wow buy !

Leinadgnow      ( Date: 12-Nov-2010 15:22) Posted:

ho sei liao.. price drop below MA 20 days... right on the middle of bollinger band... reversal in sight within this 2 weeks... if monday open above mid bollingerband and close on monday up towards MA20 but below it still... you should buy as it will touch MA 20.... now free fall below MA 20 already.

 
 
Leinadgnow
    12-Nov-2010 15:22  
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ho sei liao.. price drop below MA 20 days... right on the middle of bollinger band... reversal in sight within this 2 weeks... if monday open above mid bollingerband and close on monday up towards MA20 but below it still... you should buy as it will touch MA 20.... now free fall below MA 20 already.
 

 
SnowCloud
    12-Nov-2010 15:10  
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LOL !! Cheap sale cheap sale..like night market. Wakakakakaka !!

Pharoah..why are you so quiet ?!!



CheongCK      ( Date: 12-Nov-2010 14:58) Posted:

Genting Singapore: 3Q10 results mostly within expectations Genting Singapore (GS) reported its 3Q10 results last evening. Revenue, which excludes the discontinued UK operations, hit S$744.0m versus S$12.1m in 3Q09. Net profit (including discontinued operations) came in at S$187.8m; core net profit at S$182.1m. For 9M10, revenue hit S$1964.8m, meeting 77.0% of our FY10 estimate, while net profit came in at S$565.6m, or 72.0% of our full-year forecast (both adjusted for discontinued operations). Going forward, GS expects the fourth quarter to perform better than the third, citing its appropriate offering for the family and vacation crowd. Management concurs that junkets could get their licenses in early 2011 and boost the gaming market further. But for now, we are maintaining our FY10 and FY11 estimates. As we are raising our long-term FCF rate from 2% to 2.5%, this also bumps up our DCF-fair value from S$2.38 to S$2.53. Maintain BUY.

Cheap Sale Cheap Sale

All rating agency rated up but market went on Cheap Sale

Today Only Today Only

BUY CALL $2.53 ---- $2.90



Leinadgnow      ( Date: 12-Nov-2010 14:43) Posted:



Hi guys.. i've been spamming both sides... genting sp and bullish tempo threads.. but i feel i should share with out some knowledge.. so i will copy paste both sides.

 

 

i just want to keep them inform so they wouldnt continue to average down .. NEVER AVERAGE DOWN .. if you are losing money in the stock market.. and you average down in a falling market... then isn't it like throwing good money into a bad streak? It's GAMBLING!!! Let's say you buy at10 lots 2.2 .. then now drop to 2.1 u lost about 0.1 or about more then 5% already ... then you average another 10 lots at 2.1 .. so now ur buy price is 2.15 at 20000 lots.. you 2.15-2.10 = 0.05 x 20000 = 1k ..... 0.1x10000= 1k still.. ur risk exposure is much higher when u average down .. think about it this way.. If it rises to 2.12 , Your average price is at 2.15 ... 0.03x 20000= 600 .... Or ... Average price 2.2 - 2.12 (0.08x10000 = 800) you might not make back 200 dollars if it goes up.... HOWEVER.... think about it this way... wat if the price goes down somemore in a bear market as well as a downward trend? Let's say it closes at 2.08 the next support .... 2.15-2.08 = 0.07 x 20000 = 1.4k .... or 2.2-2.08 = 1.2x 10000= 1.2k .. YOU SAVE 200!!! in a downward trend.. and in a downward bear market with no bottom or support in sight as well as uncertainty, AVERAGING DOWN IS THROWING GOOD MONEY INTO A GAMBLING POT..

 

Oh and. .you forgot.. if you average down .. u have to pay coffee money or commission to your broker house.. meaning that's another 25 on your first losing trade.. 25 on ur second losing trade.. and if you get stop out and Fked .. another 25... (minimum) if u buy 10 lots that would be about 70 each way after taxes.. and after commission thats another $210 .. why would you wanna do that? So averaging down is dangerous in a downward market.. unless you are shorting of course :D 

 

For a trader who plays on contra or margin.. never average down because it's not worth it for u .. for a long term investor.. averaging down knowing that the tp and actual price is way higer is a good move because he can pay off his shares as well as hold it at te average price to god knows forever when .. but we dun have that luxury .. we play on contra.. on margin.. averaging down is just (my opinion) plain stupid....

You have to know if you are a trader or an investor.. or just gambling.. if you are a trader.. think like one.. act like one.. and behave like one.. if you are an investor.. then act the way investors should.. warren buffett and George soros .. though both famous investors or Market gurus .. have different ways of playing.. you have to get that distinctive line absolutely clear..!! decide on what you want to be.. what you are .. and what is your risk appetite/ capability.. and act on it.. don't be stupid and gamble.. like that might as well got genting itself .. put ur money on blackjack table and hope dealer bust. 


 






RSI and Stochastics indicates a huge sell down trend. Good luck to those who bought genting at the high . Hang in tight.. if you contra-ed and ur T day is by today/ monday .. i suggest you get out now and put a stop loss price at about 2.12..  2.12 and 2.13 are the closest support.. so once breached.. gg.unless BB comes in to place a new support.


 

 Goods new though .. Parabolic SAR indicates that it is still on the uptrend.. halfway point between falling prices and parabolic sar is about 2.259. For those who decide to enter the market, 2.10 may be a good price and the tp for you should be 2.25 or 2.26 in the near future. Please chart it yourself and read the news and keep urself updated.. i'm not trying to give you tips whatsoever.. i just merely state  facts and finding the path of least resistance. Buy or sell it is ultimately still your conviction. Please do your planning carefully and don't chase ... plan for the future and/or the next rebound. The risk/rewards ratio for you to earn that few spread as compared to a major meltdown is not worth it.....


 

 Disclaimer* i am neither a certified consultant nor a financial advisor. My views are based on my own knowledge and experience accumulated after countless of hours of trading and reading. Decision to buy or sell should be solely base on your own purchasing power and risk appetitte as well as your convictions. Please use the facts wisely and trade soundly :D cheerios


 
 
Leinadgnow
    12-Nov-2010 15:05  
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Can buy if you got holding power.. and if you feel that you wanna take the plunge and that genting will rise in your contra date settlement T+3 or T+5 days.. CheongCk.. my posts is to tell people who are already losing alot of money not to average down if they cannot afford to pay or lose the money within that T+3 or T+5 days.. cause you dunno what might happen in this 3 or 5 days.. No CLEAR signal up .. u say base on Analyst reports BUY BUY ..... what if goes down even more? you have to wait for CONFIRMATION .. see it going on the uptrend first then buy what.. it's like u telling me to buy.. when i see it getting redder and redder. .. makes no sense right... u lose like maybe 0.02 or 0.03 for the confirmation... and wait for market signal and ride it.. and be appreicative on ur gains.. rahter then u buy buy buy buy on a red and redder market.. and hope you get it right.. and hope the market turns... Hope .. greed .. fear and ignorance .... You are basing alot on hope and luck ...

 

Good luck to you then.
 
 
CheongCK
    12-Nov-2010 14:58  
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Genting Singapore: 3Q10 results mostly within expectations Genting Singapore (GS) reported its 3Q10 results last evening. Revenue, which excludes the discontinued UK operations, hit S$744.0m versus S$12.1m in 3Q09. Net profit (including discontinued operations) came in at S$187.8m; core net profit at S$182.1m. For 9M10, revenue hit S$1964.8m, meeting 77.0% of our FY10 estimate, while net profit came in at S$565.6m, or 72.0% of our full-year forecast (both adjusted for discontinued operations). Going forward, GS expects the fourth quarter to perform better than the third, citing its appropriate offering for the family and vacation crowd. Management concurs that junkets could get their licenses in early 2011 and boost the gaming market further. But for now, we are maintaining our FY10 and FY11 estimates. As we are raising our long-term FCF rate from 2% to 2.5%, this also bumps up our DCF-fair value from S$2.38 to S$2.53. Maintain BUY.

Cheap Sale Cheap Sale

All rating agency rated up but market went on Cheap Sale

Today Only Today Only

BUY CALL $2.53 ---- $2.90



Leinadgnow      ( Date: 12-Nov-2010 14:43) Posted:



Hi guys.. i've been spamming both sides... genting sp and bullish tempo threads.. but i feel i should share with out some knowledge.. so i will copy paste both sides.

 

 

i just want to keep them inform so they wouldnt continue to average down .. NEVER AVERAGE DOWN .. if you are losing money in the stock market.. and you average down in a falling market... then isn't it like throwing good money into a bad streak? It's GAMBLING!!! Let's say you buy at10 lots 2.2 .. then now drop to 2.1 u lost about 0.1 or about more then 5% already ... then you average another 10 lots at 2.1 .. so now ur buy price is 2.15 at 20000 lots.. you 2.15-2.10 = 0.05 x 20000 = 1k ..... 0.1x10000= 1k still.. ur risk exposure is much higher when u average down .. think about it this way.. If it rises to 2.12 , Your average price is at 2.15 ... 0.03x 20000= 600 .... Or ... Average price 2.2 - 2.12 (0.08x10000 = 800) you might not make back 200 dollars if it goes up.... HOWEVER.... think about it this way... wat if the price goes down somemore in a bear market as well as a downward trend? Let's say it closes at 2.08 the next support .... 2.15-2.08 = 0.07 x 20000 = 1.4k .... or 2.2-2.08 = 1.2x 10000= 1.2k .. YOU SAVE 200!!! in a downward trend.. and in a downward bear market with no bottom or support in sight as well as uncertainty, AVERAGING DOWN IS THROWING GOOD MONEY INTO A GAMBLING POT..

 

Oh and. .you forgot.. if you average down .. u have to pay coffee money or commission to your broker house.. meaning that's another 25 on your first losing trade.. 25 on ur second losing trade.. and if you get stop out and Fked .. another 25... (minimum) if u buy 10 lots that would be about 70 each way after taxes.. and after commission thats another $210 .. why would you wanna do that? So averaging down is dangerous in a downward market.. unless you are shorting of course :D 

 

For a trader who plays on contra or margin.. never average down because it's not worth it for u .. for a long term investor.. averaging down knowing that the tp and actual price is way higer is a good move because he can pay off his shares as well as hold it at te average price to god knows forever when .. but we dun have that luxury .. we play on contra.. on margin.. averaging down is just (my opinion) plain stupid....

You have to know if you are a trader or an investor.. or just gambling.. if you are a trader.. think like one.. act like one.. and behave like one.. if you are an investor.. then act the way investors should.. warren buffett and George soros .. though both famous investors or Market gurus .. have different ways of playing.. you have to get that distinctive line absolutely clear..!! decide on what you want to be.. what you are .. and what is your risk appetite/ capability.. and act on it.. don't be stupid and gamble.. like that might as well got genting itself .. put ur money on blackjack table and hope dealer bust. 


 






RSI and Stochastics indicates a huge sell down trend. Good luck to those who bought genting at the high . Hang in tight.. if you contra-ed and ur T day is by today/ monday .. i suggest you get out now and put a stop loss price at about 2.12..  2.12 and 2.13 are the closest support.. so once breached.. gg.unless BB comes in to place a new support.


 

 Goods new though .. Parabolic SAR indicates that it is still on the uptrend.. halfway point between falling prices and parabolic sar is about 2.259. For those who decide to enter the market, 2.10 may be a good price and the tp for you should be 2.25 or 2.26 in the near future. Please chart it yourself and read the news and keep urself updated.. i'm not trying to give you tips whatsoever.. i just merely state  facts and finding the path of least resistance. Buy or sell it is ultimately still your conviction. Please do your planning carefully and don't chase ... plan for the future and/or the next rebound. The risk/rewards ratio for you to earn that few spread as compared to a major meltdown is not worth it.....


 

 Disclaimer* i am neither a certified consultant nor a financial advisor. My views are based on my own knowledge and experience accumulated after countless of hours of trading and reading. Decision to buy or sell should be solely base on your own purchasing power and risk appetitte as well as your convictions. Please use the facts wisely and trade soundly :D cheerios

 

 
Leinadgnow
    12-Nov-2010 14:43  
Contact    Quote!


Hi guys.. i've been spamming both sides... genting sp and bullish tempo threads.. but i feel i should share with out some knowledge.. so i will copy paste both sides.

 

 

i just want to keep them inform so they wouldnt continue to average down .. NEVER AVERAGE DOWN .. if you are losing money in the stock market.. and you average down in a falling market... then isn't it like throwing good money into a bad streak? It's GAMBLING!!! Let's say you buy at10 lots 2.2 .. then now drop to 2.1 u lost about 0.1 or about more then 5% already ... then you average another 10 lots at 2.1 .. so now ur buy price is 2.15 at 20000 lots.. you 2.15-2.10 = 0.05 x 20000 = 1k ..... 0.1x10000= 1k still.. ur risk exposure is much higher when u average down .. think about it this way.. If it rises to 2.12 , Your average price is at 2.15 ... 0.03x 20000= 600 .... Or ... Average price 2.2 - 2.12 (0.08x10000 = 800) you might not make back 200 dollars if it goes up.... HOWEVER.... think about it this way... wat if the price goes down somemore in a bear market as well as a downward trend? Let's say it closes at 2.08 the next support .... 2.15-2.08 = 0.07 x 20000 = 1.4k .... or 2.2-2.08 = 1.2x 10000= 1.2k .. YOU SAVE 200!!! in a downward trend.. and in a downward bear market with no bottom or support in sight as well as uncertainty, AVERAGING DOWN IS THROWING GOOD MONEY INTO A GAMBLING POT..

 

Oh and. .you forgot.. if you average down .. u have to pay coffee money or commission to your broker house.. meaning that's another 25 on your first losing trade.. 25 on ur second losing trade.. and if you get stop out and Fked .. another 25... (minimum) if u buy 10 lots that would be about 70 each way after taxes.. and after commission thats another $210 .. why would you wanna do that? So averaging down is dangerous in a downward market.. unless you are shorting of course :D 

 

For a trader who plays on contra or margin.. never average down because it's not worth it for u .. for a long term investor.. averaging down knowing that the tp and actual price is way higer is a good move because he can pay off his shares as well as hold it at te average price to god knows forever when .. but we dun have that luxury .. we play on contra.. on margin.. averaging down is just (my opinion) plain stupid....

You have to know if you are a trader or an investor.. or just gambling.. if you are a trader.. think like one.. act like one.. and behave like one.. if you are an investor.. then act the way investors should.. warren buffett and George soros .. though both famous investors or Market gurus .. have different ways of playing.. you have to get that distinctive line absolutely clear..!! decide on what you want to be.. what you are .. and what is your risk appetite/ capability.. and act on it.. don't be stupid and gamble.. like that might as well got genting itself .. put ur money on blackjack table and hope dealer bust. 


 






RSI and Stochastics indicates a huge sell down trend. Good luck to those who bought genting at the high . Hang in tight.. if you contra-ed and ur T day is by today/ monday .. i suggest you get out now and put a stop loss price at about 2.12..  2.12 and 2.13 are the closest support.. so once breached.. gg.unless BB comes in to place a new support.


 

 Goods new though .. Parabolic SAR indicates that it is still on the uptrend.. halfway point between falling prices and parabolic sar is about 2.259. For those who decide to enter the market, 2.10 may be a good price and the tp for you should be 2.25 or 2.26 in the near future. Please chart it yourself and read the news and keep urself updated.. i'm not trying to give you tips whatsoever.. i just merely state  facts and finding the path of least resistance. Buy or sell it is ultimately still your conviction. Please do your planning carefully and don't chase ... plan for the future and/or the next rebound. The risk/rewards ratio for you to earn that few spread as compared to a major meltdown is not worth it.....


 

 Disclaimer* i am neither a certified consultant nor a financial advisor. My views are based on my own knowledge and experience accumulated after countless of hours of trading and reading. Decision to buy or sell should be solely base on your own purchasing power and risk appetitte as well as your convictions. Please use the facts wisely and trade soundly :D cheerios
 
 
SnowCloud
    12-Nov-2010 14:34  
Contact    Quote!
WOW..all bleeding like theres no tomorrow ~

pharoah88      ( Date: 12-Nov-2010 14:29) Posted:



nOw  is  market  correction  and  Friday  Fever

Stock Previous Last $Chng %Chng Day Hi Day Lo
STRAITS TIME IDX 3293.39 3252.71 -40.680 -1.2 3285.87 3251.37
MSCI SG FREE IDX 368.40 0.00 0.000 0.0 0.00 0.00
HANG SENG INDEX 24700.30 24450.77 -249.530 -1.0 24608.66 24312.52
MSCI HK IDX 11840.53 0.00 0.000 0.0 0.00 0.00
FTSE BURSA KLCI 1513.70 1503.38 -10.320 -0.7 1512.53 1503.29
PSEi 4144.41 4076.68 -67.730 -1.6 4149.82 4049.08
IDX COMPOSITE 3744.618 3715.063 -29.555 -0.8 3744.535 3704.515
THAILAND SET 1029.86 1012.64 -17.220 -1.7 1026.40 1012.64
ALL ORDINARIES 4810.349 4778.800 -31.549 -0.7 4815.700 4767.900
DJ INDU AVERAGE 11357.04 11283.10 -73.940 -0.6 11326.77 11231.22
KOSPI 1914.73 1913.12 -1.610 -0.1 1958.22 1899.49
NASDAQ COMPOSITE 2555.52 0.00 0.000 0.0 0.00 0.00
NASDAQ 100 2173.11 0.00 0.000 0.0 0.00 0.00
NIKKEI 225 INDEX 9861.46 9724.81 -136.650 -1.4 9851.42 9724.81
S&P 500 INDEX 1218.71 1213.54 -5.170 -0.4 1218.71 1205.18
XETRA DAX PF 6723.41 0.00 0.000 0.0 0.00 0.00
SSE COMPOSITE 3147.74400 3023.99010 -123.754 -3.9 3150.14640 3010.44940
FTSE 100 INDEX 5816.94 5815.23 -1.710 0.0 5846.45 5792.56
SZSE COMP IDX 1381.487 1312.608 -68.879 -5.0 1379.639 1309.787

 
 
Greenbean
    12-Nov-2010 14:33  
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I also think so le.  This spicy baobei always give nice surprises.

Black candle also good chance to collect some at low price, isnt it? Can make back in Q4.  Collect, relax, go for holiday.



pharoah88      ( Date: 12-Nov-2010 12:02) Posted:

Monday:  15 11 2010 

GAP  UP

dOn't  be  sUrprIsed



BullishTempo      ( Date: 12-Nov-2010 11:24) Posted:

Genting Singapore raised to Buy by Daiwa, lifts target

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY DOW JONES & CO, INC   
FRIDAY, 12 NOVEMBER 2010 11:11
smaller text tool iconmedium text tool iconlarger text tool icon

Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15. 



 
 
pharoah88
    12-Nov-2010 14:29  
Contact    Quote!


nOw  is  market  correction  and  Friday  Fever

Stock Previous Last $Chng %Chng Day Hi Day Lo
STRAITS TIME IDX 3293.39 3252.71 -40.680 -1.2 3285.87 3251.37
MSCI SG FREE IDX 368.40 0.00 0.000 0.0 0.00 0.00
HANG SENG INDEX 24700.30 24450.77 -249.530 -1.0 24608.66 24312.52
MSCI HK IDX 11840.53 0.00 0.000 0.0 0.00 0.00
FTSE BURSA KLCI 1513.70 1503.38 -10.320 -0.7 1512.53 1503.29
PSEi 4144.41 4076.68 -67.730 -1.6 4149.82 4049.08
IDX COMPOSITE 3744.618 3715.063 -29.555 -0.8 3744.535 3704.515
THAILAND SET 1029.86 1012.64 -17.220 -1.7 1026.40 1012.64
ALL ORDINARIES 4810.349 4778.800 -31.549 -0.7 4815.700 4767.900
DJ INDU AVERAGE 11357.04 11283.10 -73.940 -0.6 11326.77 11231.22
KOSPI 1914.73 1913.12 -1.610 -0.1 1958.22 1899.49
NASDAQ COMPOSITE 2555.52 0.00 0.000 0.0 0.00 0.00
NASDAQ 100 2173.11 0.00 0.000 0.0 0.00 0.00
NIKKEI 225 INDEX 9861.46 9724.81 -136.650 -1.4 9851.42 9724.81
S&P 500 INDEX 1218.71 1213.54 -5.170 -0.4 1218.71 1205.18
XETRA DAX PF 6723.41 0.00 0.000 0.0 0.00 0.00
SSE COMPOSITE 3147.74400 3023.99010 -123.754 -3.9 3150.14640 3010.44940
FTSE 100 INDEX 5816.94 5815.23 -1.710 0.0 5846.45 5792.56
SZSE COMP IDX 1381.487 1312.608 -68.879 -5.0 1379.639 1309.787
 

 
Leinadgnow
    12-Nov-2010 13:52  
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My stance is the same as Jesse Livermore's stance on BB's Valuation.. for those who knows what i'm talking about... (: 
 
 
Leinadgnow
    12-Nov-2010 13:49  
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Yup .. no body knows the trend.. i can only tell you what i learn from the path of least resistance and from reading charts... what might happen notice the word MIGHT haha
 
 
iPunter
    12-Nov-2010 13:43  
Contact    Quote!


Probably if it does not cover today's gap,

    it is likely to do so on Monday...

        Remember SGX's gap was covered rather swiftly recently?


             But nobody knows the trend...   Smiley
 
 
Leinadgnow
    12-Nov-2010 13:41  
Contact    Quote!


SI and Stochastics indicates a huge sell down trend. Good luck to those who bought genting at the high . Hang in tight.. if you contra-ed and ur T day is by today/ monday .. i suggest you get out now and put a stop loss price at about 2.12.. 2.12 and 2.13 are the closest support.. so once breached.. gg.unless BB comes in to place a new support.

 

Goods new though .. Parabolic SAR indicates that it is still on the uptrend.. halfway point between falling prices and parabolic sar is about 2.259. For those who decide to enter the market, 2.10 may be a good price and the tp for you should be 2.25 or 2.26 in the near future. Please chart it yourself and read the news and keep urself updated.. i'm not trying to give you tips whatsoever.. i just merely state facts and finding the path of least resistance. Buy or sell it is ultimately still your conviction. Please do your planning carefully and don't chase ... plan for the future and/or the next rebound. The risk/rewards ratio for you to earn that few spread as compared to a major meltdown is not worth it.....

 

 

Disclaimer* i am neither a certified consultant nor a financial advisor. My views are based on my own knowledge and experience accumulated after countless of hours of trading and reading. Decision to buy or sell should be solely base on your own purchasing power and risk appetitte as well as your convictions. Please use the facts wisely and trade soundly :D cheerios
 
 
Leinadgnow
    12-Nov-2010 13:09  
Contact    Quote!


Hey guys ... i think you could check this guy's technical analysis for mor details on genting.. pretty zun so far.// 


 

http://diaryofasingaporetrader.blogspot.com/2010/11/technical-analysis-for-genting-sp.html
 

 
SnowCloud
    12-Nov-2010 12:18  
Contact    Quote!
BBs aint collecting for some time already . . .
 
 
pharoah88
    12-Nov-2010 12:02  
Contact    Quote!

Monday:  15 11 2010 

GAP  UP

dOn't  be  sUrprIsed



BullishTempo      ( Date: 12-Nov-2010 11:24) Posted:

Genting Singapore raised to Buy by Daiwa, lifts target

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY DOW JONES & CO, INC   
FRIDAY, 12 NOVEMBER 2010 11:11
smaller text tool iconmedium text tool iconlarger text tool icon

Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15. 


 
 
epliew
    12-Nov-2010 11:26  
Contact    Quote!


another example of BB collection....

 

11:19:11 2.150 1,905 S
 
 
epliew
    12-Nov-2010 11:25  
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price rating is above the current price.... this week collect, next week it should cheong!

hesperus      ( Date: 12-Nov-2010 10:35) Posted:

Genting Singapore

12 November 2010

Maintain

BUY

Current Price: S$2.28

Fair Value: S$2.53

Expects 4Q10 to be better.

3Q10 results mostly within expectations.

Singapore (GS) reported its 3Q10 results last evening.

Revenue, which excludes the discontinued UK operations, hit

S$744m versus S$12.1m in 3Q09; it was spot on our S$745m

forecast, driven by Resorts World Sentosa (RWS) which

contributed S$731.8m. 3Q10 EBITDA came in at S$345.6m

(within 3% of our estimate) and was a sharp turnaround from

negative S$21.6m in 3Q09; GS was also able to hold its margin

at a commendable 46.5% (though lower than 51.2% in 1H10),

despite a full quarter of competition from Marina Bay Sands.

Net profit (including discontinued operations) came in at

S$187.8m; core net profit at S$182.1m. For 9M10, revenue

hit S$1964.8m, meeting 77.0% of our FY10 estimate, while

net profit came in at S$565.6m, or 72.0% of our full-year

forecast (both adjusted for discontinued operations).

For the upcoming school holiday

Junkets possible from early 2011.

concurs with market watchers that the Casino Regulatory

Authority (CRA) could issue licenses to junket operators in

early 2011, especially to those already operating in wellregulated

markets such as Australia. As before, we estimate

that the Singapore gaming market should stabilize around S$7b

in 2011, with RWS maintaining a slightly more dominant share

of under 55%. Depending on how many licenses are

subsequently issued, we do see room to revise up our gaming

market estimates.Meanwhile, management

New S$2.53 fair value.

and FY11 estimates. As we are raising our long-term FCF

rate from 2% to 2.5%, this also bumps up our DCF-fair value

from S$2.38 to S$2.53. Maintain

(From OCBC Securities)
For now, we are maintaining our FY10BUY.

season, management believes that RWS has the correct

offering to do well, given that it is pitched towards the family

and vacation crowd. As such, it expects the fourth quarter to

perform better than the third, which was also affected by the

"Ghost Month", making it "inauspicious" for some to visit the

casino. Nevertheless, management was also pleased with its

3Q10 showing, noting that its hotel occupancy was 71% with

an average room rate of S$250, as it continued to receive

some 3m visitors to the integrated resort (IR). It adds that

Universal Studios Singapore (USS) has also turned cash

positive, and will gradually increase the current daily capacity

from 8k visitors to 18k by next year. GS acknowledged that

the visitors so far were "low-hanging" fruits plucked from areas

around the region; but with its enlarged marketing program,

management is confident that it can attract visitors from further

afield.

Previous Rating: BUY


 
 
BullishTempo
    12-Nov-2010 11:24  
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Genting Singapore raised to Buy by Daiwa, lifts target

Tags: Genting Singapore | Genting Singapore Plc

WRITTEN BY DOW JONES & CO, INC   
FRIDAY, 12 NOVEMBER 2010 11:11
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Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15. 

 
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