Genting Sing    Last:0.73    -0.01

Gen Int

Maybe Mark Burnett going to shoot new reality show called The Genting Casino. To find New God of Gambler.

spiderman1234      ( Date: 02-Jun-2008 13:15) Posted: Cannot be this piece of news..............this Mark Burnett thing was already announced long long ago

 

what's so great about this news?

 

Cannot be this piece of news..............this Mark Burnett thing was already announced long long ago

 

i'm a happy man today

June 2 (Bloomberg) -- Genting International Plc, owner of
the biggest U.K. casino operator, rose the most in six months in
Singapore trading after announcing a venture with Mark Burnett
International Inc. that will develop game shows and reality
programs in Asian countries.
    Genting gained 2.5 Singapore cents, or 4.1 percent, to 63.5
cents as of 11:10 a.m., rising the most since Nov. 30. The stock
is headed for its highest close since Feb. 15. Genting shares
have fallen 6.6 percent this year, compared with the 7.7 percent
decline in the benchmark Straits Times Index.
    The 50-50 venture, called Mark Burnett Productions Asia Pte
Ltd., will use the facilities and attractions at Resorts World
at Sentosa, an integrated resort being built by a unit of
Genting, for some of its productions.
    Mark Burnett produces the reality-television shows,
``Survivor'', ``The Apprentice'' and ``Contender.''
    Genting International is a unit of Genting Bhd., Asia's
biggest publicly traded casino operator.

 

Anybody knows if there are any news on this counter?

 

this crazy horse has been running wildly since last friday, today is the superstar again... will it continue for the following days ???

 

really hope that both metals and CO go down, this burger will chiong leow. Best, Burma also sell sands to Spore. Google!!!!!

 

up liao, yahoo !

 

0.60 is its Right Issue price, take this as reference. AK dumped this burger last Nov, with losses,  and bought back some in Mar this yr, lowest at 0.585-0.595. For long term, just like BIG.

BTW, ak reference, few is below 10 lots and some is above 10 lots, sorry for the confussion.

 

More discussion is good for GenInt, it started to sail. Many thanks.

 

No point arguing. DROP! Let it drop somemore then I can buy more. Seriously, I think 99% don't know much about the biz due to 1) lack of research & thus understanding of the biz 2) not in tis line & casino is something new in S'pore. Juz my thoughts

 

Macquarie maintained their Outperform rating. They think a fundamental change in sentiment could be imminent, as concerns over project delays and cost overruns at Sentosa diminish. Their DCF valuation of $1.11 gives an implied EV/EBITDA of 9.5–10x 2010E, assuming a full year of operations. This compares with US operators who trade at 9.5–12x. For the long-term investor, they believe GIL offers outstanding value and growth.

 

I strongly believe S$0.60 is already almost bottom price. So what are you thinking and waiting for? Jump on the big boat now. Buy low now and sell high later. You won't regret it.

 

For whatever reasons, do you think genting int price will drops to S$0.50 or below? If it's drops to S$0.50 or below, others counters will drop even worse. Invest at least 10 lots. It cost you just S$6K. Invest! don't always gamble. Yes! No one can guarantee it will hit S$5 but it possible.

 

genting issued too many shares/bond for investor and public to finance the Singapore Genting IR

IPO is around 36 cents

07 financial is lost -381million SGD due to UK new rules and bad business in UK.The worst is Singapore Genting is keep on issue bond to finance the IR without and income.Bond has to pay interest

so 60cents??? i think is too high

currently Genting total shares issued is 9,631.156 million shares

beside that the rest of the world is palnning to build Casino

Thailand plan 5 casinos

Indonesia 2 casinos

Cambodia oledi has 1

Korea oso own casino

Singapore has 2 casinos

Genting just has 50% of the Singapore Market.

 

 

 

 

Genting stock is in one word...a gamble. There are many more casino resorts sprouting all over Asia such as Korea and Vietnam.  Genting's track record of its UK casinos is bad. I'm not impressed with Genting's brand name. The Sentosa resort may turn out to be a B-grade. 

 

Its difficult to compare LVSand or Wynn Resort with Genting Int, all I know is that Wynn Resort has a market capital 3 times of Genting Int & Wynn Resort is trading at some 90 to 100 USD in the Dow Jones but Genting is only a miserable 61 cts (SGD) in Spore market.Somewhere in time, investor will realise that why are they paying such a high price to own part of Wynn or LV Sand if they can buy at a much lower price to own part of Genting Int.Further more, Genting Int is one of two Legalised Casino in South East Asia & future is bright as the goldmine is not digged yet whereas it is so competative in Las Vegas & Macau where I think the future gains of both LVS & Wynn Resort is already factored in the present price.Other than the diluted EPS, bond issued & 4b syndicate loan from banks that set back Genting Ints price, I could not think of any other reason to sell Genting Int at such a low price.

 

Yes! What you said is true. That's human nature.I have confidence in genting int casino in 3~5 years time  it's price will hit at least S$5.

teeth53      ( Date: 01-Jun-2008 12:49) Posted: RM$5/-.....?. 0.60ct goback to 100% - 200% profit very good liao in mid term cós alot of ppl's get stuck here will be happy to let go. yunglee      ( Date: 01-Jun-2008 12:01) Posted: huh? how is that a good news?

 

i oso vested.. 20 lots 0.60

 

HUAT ARH!

 

Ya...supported...Seconded. S$800mil is = RM$ 2billion, almost....

soloman      ( Date: 01-Jun-2008 12:49) Posted: When they exit a business - common sense is that they need capital Short of capital to do something they need to do is the logical conclusion