Genting Sing    Last:0.73    -0.01

Gen Int

If AK not mistaken, its IPO was .25cts in late 05.

AK will support the buy in when it is near IPO.

iPunter      ( Date: 01-Nov-2008 19:44) Posted: My final bid price is 0.26. That's when I will queue to buy heavily... but if I don't get it, so be it...

 

My final bid price is 0.26.

That's when I will queue to buy heavily... but if I don't get it, so be it... 

 

Don't think next reporting will be good, will buy in at 30 cts with half of what I have, if 28cts, show hand lah.

 

Las n Gent claimed that both will inaugurate accor to plan, no delay. Today paper.

 

There are some practitioners who said previously that the HongJui (geomancy) is not too good...

As the building design resembles verticle tablets...

 It is left to be seen how right (or wrong) they were...

 

Simply what to do? Buy in dip??? What price, IPO???

Eddyson      ( Date: 30-Oct-2008 21:25) Posted: Thursday October 30, 3:06 PM Singapore casinos face delays: report Singapore's two integrated casino resorts face delays and are unlikely to open fully as scheduled, the Straits Times said Thursday quoting unnamed sources. Marina Bay Sands, which is being built by Las Vegas Sands, may not open fully as scheduled at the end of next year due to construction woes and rising costs, it said. ADVERTISEMENT An old sea wall built by British colonial rulers set back the laying down of foundation works on the construction site which sits on reclaimed land, the report said. A labour shortage and rising cost of building materials have contributed to delay the 4.5 billion US dollar development by "several months," it added. The newspaper said Resorts World at Sentosa, the second casino resort, was in talks with the government to defer the opening of some facilities in the 4.1 billion dollar project. However, four hotels, the Universal Studios theme park and the casino would open as scheduled in the first quarter of 2010, the paper added. The delay in the opening of some of the facilities is due to the need to find storage space for the equipment for the 14 attractions in the Universal Studios theme park, it said. One venue would be used as a storage site, delaying construction works, the paper said. Resorts World at Sentosa is being built by Malaysia's Genting International.

 

Thursday October 30, 3:06 PM Singapore casinos face delays: report Singapore's two integrated casino resorts face delays and are unlikely to open fully as scheduled, the Straits Times said Thursday quoting unnamed sources. Marina Bay Sands, which is being built by Las Vegas Sands, may not open fully as scheduled at the end of next year due to construction woes and rising costs, it said. ADVERTISEMENT An old sea wall built by British colonial rulers set back the laying down of foundation works on the construction site which sits on reclaimed land, the report said. A labour shortage and rising cost of building materials have contributed to delay the 4.5 billion US dollar development by "several months," it added. The newspaper said Resorts World at Sentosa, the second casino resort, was in talks with the government to defer the opening of some facilities in the 4.1 billion dollar project. However, four hotels, the Universal Studios theme park and the casino would open as scheduled in the first quarter of 2010, the paper added. The delay in the opening of some of the facilities is due to the need to find storage space for the equipment for the 14 attractions in the Universal Studios theme park, it said. One venue would be used as a storage site, delaying construction works, the paper said. Resorts World at Sentosa is being built by Malaysia's Genting International.

 

 

 

This must be the most educational post I've seen on this forum in a long time.

People often quote Warren Buffet's name to back their own wisdom....
Yes, many who have been buying 'cheap' stocks in the past few months are crying their hearts out.

This big bear market is due partially to those who have bought very cheap on the way down, but later dump sadly after big losses because they really couldn't afford to average down any more...

Eddyson      ( Date: 19-Oct-2008 15:15) Posted: When you got money in your pocket, you will feel happy when the market is down as you can buy your stock cheaply. After you had bought it cheaply, it became even cheaper the next day so you look at your pocket & its empty so you start to cry as you loose your money. Warren Buffet will never cry as he is rich as he is everyday hopping for the market to go lower, to buy it even cheaper so that his 1million will become 10 million in 5 yrs time. He got the holding power to last a lifetime but ordinary people like as will stave if the stock don’t move or even go lower. The string attached is that people like us need to be very cautious as we cannot afford to behave like Warren Buffet.

 

SINGAPORE (AFP) - - The chips are down for Asia's gaming sector, with high rollers and other visitors expected to stay home as the world financial crisis takes its toll.

But analysts say the squeeze is likely to be short-term, and Asia's gaming sector should weather the financial turmoil� better than Las Vegas."I don't think this will end the Asian gaming boom," said Bill Eadington, economics professor and director of the University of Nevada Institute for the Study of Gambling and Commercial Gaming.However, he said the crisis "certainly is going to have a noticeable impact for a year or two."Early signs of an industry-wide slowdown have already emerged in Macau, the Las Vegas of the East. Government figures showed average hotel occupancy rates sank 7.1 percent to 76.7 percent in August from a year ago.Gaming revenues in the southern Chinese city are reported in local media to have dropped 3.4 percent to around 860 million dollars year-on-year in September, the first such decline since January 2006.Part of the drop can be attributed to recent moves by Beijing to impose restrictions on mainland Chinese visitors to Macau, analysts told AFP.But the region, including Macau, can also expect to feel the pinch from a financial crisis which has already slowed the US economy, analysts said."The recent shocks to the global economic system have definitely impacted the psyche of the Asian leisure tourist," said Jonathan Galaviz, a partner with Nevada-based travel and leisure consultancy Globalysis."There is some evidence that spending by tourists in Macau is softening," he said, but "in the long run, Asia continues to be a bright spot for long-term tourism sector growth and Macau's casino sector should be able to capitalise upon this growth over the next decade."While Macau government figures show visitors from China down 10.7 percent year-on-year in August, those from Southeast Asia soared 119.2 percent over the same period.Sometimes during economic adversity people actually gamble more, said David Green, Macau-based gaming practice director with Pricewaterhouse Coopers.Analysts said Asia's growing reputation as a gaming hotspot can only increase with several projects under development.Official figures from Macau earlier this year said there were 28 casinos in the territory. Analysts have said another 15 are to open in the next four years.Elsewhere, central Singapore has become a giant construction zone where two multi-billion-dollar "integrated resorts" featuring entertainment and convention facilities, as well as gaming, are being built."The current economic crisis is only going to soften the market, but the interest in visiting Macau is only going to get stronger in the future," said Andy Nazarechuk, dean of the Singaporean campus of the University of Nevada, Las Vegas.The Singapore projects are going to be "the two most spectacular" in the region, he added.Malaysia's Genting International, which is behind Singapore's Resorts World at Sentosa integrated resort, is sticking with its target of 15 million visitors in the first year of operation when it opens in early 2010."We remain confident and optimistic about the prospects of Resorts World at Sentosa," said Krist Boo, vice president for communications.She added the company completed financing for the project in April. The 4.2 billion dollar development is to include Southeast Asia's first Universal Studios theme park.Las Vegas Sands, which is building the other Singapore integrated resort, declined to comment when contacted by AFP.Sands operates two Macau casinos including the giant Venetian, which opened last year with a gaming area the size of three football fields.The Wall Street Journal reported early this month that Sheldon Adelson, chief executive of Las Vegas Sands, had agreed to lend his company 475 million dollars of his own cash, in a sign of confidence that his company would weather the global credit crunch.The report quoted him as saying the company is pursuing with Asian banks the financing of nearly two billion dollars needed for its latest Macau project.Analysts said the global credit squeeze may make raising funds more difficult for any project, not just gaming."Anyone who is lending the money will want to analyse how fast the money is coming back," said Matthew Gorman, head of corporate practice with Stephenson Harwood, an international law firm.Canadian-based Asian Coast Development Ltd (ACDL), involved in a Vietnam beachfront project it says will include the communist country's first Las Vegas-style casinos, remains positive."We feel one of our biggest strengths in this regard is the fact that we are planning a multi-phased development," said chief executive David Subotic."Staggered construction schedules will provide us with the flexibility and agility to deal with any economic challenges proactively."

 

When you got money in your pocket, you will feel happy when the market is down as you can buy your stock cheaply. After you had bought it cheaply, it became even cheaper the next day so you look at your pocket & its empty so you start to cry as you loose your money.

Warren Buffet will never cry as he is rich as he is everyday hopping for the market to go lower, to buy it even cheaper so that his 1million will become 10 million in 5 yrs time. He got the holding power to last a lifetime but ordinary people like as will stave if the stock don’t move or even go lower. The string attached is that people like us need to be very cautious as we cannot afford to behave like Warren Buffet.

 

That happened during a roaring bull market... when the frogs  became hotter and hotter...


But now, do you think there's going to be any sustained 'cheong arrhh!" anytime soon?... 

 

It closed at 0.39ct. The day it announced winning contract to built Sentosa IR..it wrnt on to hit >$1.20ct

teeth53

Posted: 19-Sep-2008 12:59

Deep pocket to last five years..can see it if she get into d act, rekon 200%-300% in profit from 0.40ct onward...very safe option and within her control..sure make $$$, unlike Angmo insitutional bank which is not in their control, must now depend much on BoA prices to go beyond US40/- liao. teeth53      ( Date: 19-Sep-2008 09:42) Posted: Just for info sharing: Gen't got license for building world resort, no license to operate yet. how if it sell some share to either GIC and or Temasek, sure as good as guarantee to get it entertaiment & gambling license. JPMorgan way....Gen't 40ct...on offer, almost back to square one.

teeth53      ( Date: 10-Oct-2008 20:39) Posted: Go...JP Morgan way..BBs. Gen't went below 0.40ct liao, leaving a gap down..Construction..Well just for sharing, Gov has also postpone it construction for youth Olympic site at NUS..U think lohh.   Gen Int 0.400 0.385 -0.030ct -7.2% 43,262,000 2,897,000 0.385 0.390 243,000 0.405 0.385

 

Taipan Daily : Don't be fooled by the market's rally - this is a dangerous time 

Dear forumers, this is an account of how the Global financial crisis came about & there is more to come, believe it or not, whether it is fake or true, just listen to this 1 hr video interview. It might be late but it’s better than never.

In this interview, senior analyst Adam Lass, who predicted the market's demise as early as July says that 117 banks in USA is in trouble & 13% of them is going under. USD$700B enough?

Here is how it read:                     

By Sandy Franks
Executive Publisher
Taipan Daily: Yesterday the Dow posted the largest single day gain since 1933. Does this mean the credit crisis is over? Please don’t be fooled into thinking the turn-around is here... not yet anyway.I just talked to our senior analyst Adam Lass, who predicted the market's demise as early as July. He says, "In the past 30 days alone, the Treasury Department increased the supply of dollars by 16%. These massive cash infusions are going to ramp up both inflation and the recession. Now is the time for investors to be cautious."
Adam is right. Before you rush out and buy stocks, I urge you to listen to our Emergency Web Summit on today’s banking crisis. Adam explains in complete detail the underlying problems causing the crisis along, and how you can protect yourself. Not only that, he will also show you a safe way to make a 146% gain in 12 weeks.

 

http://www1.youreletters.com/t/1571200/43342249/1593746/6512

 

The latest floor is .385...  and it looks set to fall through this too..  

Should be a good buy for long holding at .295...  

 

During a ressession, hiring employees & shows performers will be cheap & abundant, buying of funitures, electronic device & etc will have to be at a big discount & the services from employees will have to be tip top as they will hv to be afraid of getting the booth.The only thing is that will there be patron visiting the Casino? & when will this crisis end.Well, where is the money from banks & stock markets going to channel to? This counter is for you to gamble, & remember, the banker in a casino always win unless nobody visit it, so it's a big stake.For the long term, sure to win at this price but need to calculate the different between putting in fix deposit or other investment instrument.For the short term, does not looks good as the next profit report during this crisis looks doom.Anyway, my hair is now very wet in it & it will takes time to dry unless Dow Jones provide a good hair dryer.

 

Today's Sunday times quoted Sand's Sheldon Adelson had to pour US$475M of his family's money into his casino empire as his net worth declined by US$4B.At the same time, Genting's vice-president for communications Ms Krist Boo said that the IR in Sentosa is on track to open early 2010 & Genting is fortunate to hv already awarded most of the major contract.
My own judgement is that this crisis actually benifited Genting as alot of construction was either terminated or postpone like our sport hub causing construction to be cheaper.But watch out for Genting's next profit announcemnet, don't think it's good.

 

That was exactly what I mean when I said before:-

"...when everyone is scared and shivering on the mere mention of the word stocks..."...

 

U R lucky. U can't enter position to buy/sell on ur keyboard, while other has their chances, think others got burn thinking it is very cheap (know players lossing several million of dollar this round..enter buy/sell at wrong time), cheap can becoming cheaper, trying to feel the bottom, the pit seem very dark and just cannot touch the bottom yet 

AK_Francis      ( Date: 11-Oct-2008 01:25) Posted: Just back fr my kampong. In my small kampong, couldn't get in touch with u all , as SJ was blocked, likewise for any other online trading bourses, BT etc. But could see CDP/SGX. What an agony for seeing free fall show during the vacation. Buying? Good time is when US has well anchored its financial turbulance and global has regained their confidence in ALL the financial sectors.