Genting HK USD

Genting HK US$

and CIMB report

http://kfc1973-stock.blogspot.com/2011/04/genting-hong-kong-from-sea-to-shore.html

Kim Eng Report

http://kfc1973-stock.blogspot.com/2011/06/genting-hong-kong-time-to-emerge-from.html

A good reasoanble bet would be to

short this one @.40 ... but only a bet... Smiley

Well, OK - I found the answer....here.

Monday, June 13, 2011

Genting Hong Kong Time to emerge from the shadows (KE)

Genting Hong Kong
Price US$0.38
Target US$0.54
Time to emerge from the shadows
Event
Genting Hong Kong’s (GENHK) share price has retreated

§ recently in tandem with that of Genting Singapore (GENS). Though the duo’s share prices have been highly correlated, we believe GENHK offers a different growth profile and should be looked at independently. The fall in share price has made GENHK attractive, offering a good buying opportunity. Reiterate BUY with target price unchanged at US$0.54.

Our View
According to International§ Financial Review Asia, Travellers International, the operator of Resorts World Manila (RWM), could be planning an initial public offering. While GENHK did not comment on this piece of news, we see it as a positive development that could unlock the hidden value of Travellers. A public listing would also provide more clarity on the operating data of its casino business.

Norwegian Cruise§ Line (NCL), on the other hand, could push back its listing until next year, in our opinion, given the current weak market conditions. We do not think this is a negative as it is possible that NCL could receive a higher valuation if supported by improved operating figures coupled with potentially better equity market conditions next year.

NCL’s 1Q11 results, released in May,§ showed a 37.5% YoY increase in adjusted EBITDA to US$81.9m, in line with our expectation. Despite a 6.6% rise in fuel price, the cruise operator registered a 1.3% YoY drop in net cruise cost per capacity day, owing to pricing discipline, cost control and economies of scale. This indicates that the cruise business is indeed improving. However, if oil prices continue to head north, NCL would inevitably feel some margin pressure.

Action & Recommendation
GENHK is invariably associated with GENS but we think it is time it walks out from that shadow. We like GENHK for the potential from its gaming operations in Manila, as well as its recovering cruise business. The current share price implies a FY11F adjusted EV/EBITDA of only 10.1x. Reiterate BUY with target price maintained at US$0.54 based on SOTP.

Any meaning for the these elephant dancing around????

Good or Bad?????

Flyordie ( Date: 25-Jun-2011 20:09) Posted:

Saturday June 25, 2011

Genting HK to raise RM600mil bonds

KUALA LUMPUR: Genting Hong Kong Ltd, formerly known as Star Cruises Ltd, is raising bonds worth about 1.28 billion yuan (RM600.18mil) for general corporate purposes, said a source in its associate company.

The bonds are three-year bonds with a yield of 3.95%. It was reported that Genting Hong Kong had hired CIMB Group Holdings Bhd, HSBC Holdings Plc, Malayan Banking Bhd and UBS AG to help with the sale of three-year, yuan-denominated bonds in Hong Kong.

Genting Malaysia Bhd owns an 18% stake in Genting Hong Kong. Apart from owning Star Cruises, Genting Hong Kong is a co-owner of Resorts World Manila and also has a 50% stake in Norwegian Cruise Lines (NCL).

Star Cruises together with NCL is the third largest cruise operator in the world, with a combined fleet of 18 ships cruising to over 200 destinations, offering about 35,000 lower berths. Resorts World Manila is Genting Hong Kong’s first foray in a land-based attraction. – By Tee Lin Say

did u buy genting hk or genting sp ?

iPunter ( Date: 20-Jun-2011 17:20) Posted:

I don't play the short-term OB/OS game.

First of all, a player must assume a major trend.

Since no one can tell the trend, an assumption

(or bias, if you like) must be made.

Then one simply bets on that assumption,

all the time strictly using one's chart as a working tool... Smiley

BY NEIL JEROME C. MORALES, Reporter

Alliance Global aims to double profits to over P6B

ALLIANCE Global Group, Inc. of property tycoon Andrew L. Tan targets doubling its profits to more than P6 billion this year, an executive said late last week.

Aside from Marriott and Maxims hotels at Newport City, Alliance Global is building a budget hotel and a third luxury hotel. www.rwmanila.com

Growth will primarily be driven by better performance in its property unit and entertainment complex.

“The full-year target is we want to double what we did last year. Last year was P3.2 billion [and] this year is P6.4 billion,” Alliance Global President Kingson U. Sian told reporters after the company’s stockholders’ meeting in Quezon City.

For gaming, Mr. Sian said increased earnings are expected in “all segments like local VIPs and mass market.”

In terms of revenues, 60% will come from local gamers but moving forward, the company wants to tap more Chinese and Korean gamers to increase the contribution of foreigners.

Travellers International Hotel Group., Inc., which owns the eight-hectare Resorts World Manila complex in Pasay, is equally co-owned by Genting Hong Kong, the third-largest cruise line operator in the world and local conglomerate Alliance Global. Last year, Resorts World Manila opened the Genting Club and the Newport Arts Theatre.

For the property sector, Mr. Sian said Megaworld Corp. will drive the growth as it expects profits to breach the P6-billion mark.

The projection shows an 18% growth in net income compared with P5.085 billion last year.

Megaworld, one of the top higher-end condominium developers, has seven ongoing projects within Metro Manila and several residential developments within the Makati Central Business District and San Juan.

Profits of Alliance Global -- whose other units are Emperador, Generoso and The Bar producer Emperador Distillers, Inc. and Golden Arches Development Corp., the master franchise holder of McDonald’s in the Philippines -- surged by 28% to P2.85 billion in the first quarter from last year.

Furthermore, new developments are under way in the 25-hectare Newport City tourism, hotel and gaming development in Pasay City. A new hotel is expected to be built in the entertainment complex.

Mr. Sian said the company expects to seal an operating and branding agreement this year for a new five-star hotel.

Alliance Global now has the 342-room Marriott and six-star luxury hotel Maxims in Newport City. It is also building budget hotel Remington and the 540-room luxury Hamilton Hotel in Newport City.

“For hotels, eventually we will have close to 2,500 rooms,” Mr. Sian said, adding that the company will reach about 1,500 rooms with the opening of the 712-room Remington in October.

A new grand ballroom and an amusement center will add to the amenities at the hotel and casino complex. “We are now building a convention center and ballroom at Newport,” Mr. Sian said.

The company allotted 1.2 hectares for the grand ballroom, which is targeted to be the biggest in the country. Its commercial operations will start in 2014.

“Foot traffic is 15,000 per day by this year. We might even hit 25,000 or 30,000 because of the ballroom and convention center,” Mr. Sian said.

To date, there are still four hectares in Newport City that can be developed by Alliance Global.

Mr. Sian said Alliance Global will also put up a new amusement center on top of the Newport Mall.

“There are enough reasons for the investors to believe [the profit target],” Claire S. Quiray, analyst at Regina Capital Development Corp., said in a phone interview yesterday. “You can see by the influx of clients and customers in Resorts World,” she added.

Shares in Alliance Global, which has a market value of P103.73 billion, rallied by 2.38% or 24 centavos to close at P10.34 apiece on Friday.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66& articleId=698227

Travellers International sees rapid growth this year
By Zinnia B. Dela Peña (The Philippine Star) Updated June 21, 2011 12:00 AM Comments (0)

MANILA, Philippines - Travellers International Hotel Group Inc., a joint venture between tycoon Andrew Tan’s Alliance Global Group Inc. and Genting Hong Kong Ltd., is expected to sustain its rapid growth and strong profitability with net earnings seen to double to P6.4 billion this year.

“We will double the P3.2 billion we made last year,” said Kingson Sian, president of Travellers International, which operates the eight-hectare tourism hub Resorts WorldManila in Pasay.

Sian said Resorts World attracts a daily foot traffic of 15,000 people and sees this figure continuing to rise as consumers are beginning to spend more at casinos on gambling and casino operators are reining in promotions.

He said the emergence of a prosperous middle class with considerable income has benefited the casino/gaming industry in Asia-Pacific.

By next year, foot traffic is forecast to increase to 25,000 a day, 40 percent of which are foreigners mostly from neighboring Asian countries, Sian said.

He said Asia is offering many opportunities for the gambling industry.

With Macau to remain the global leader and robust growth in the rest of the region, casino gaming in Asia-Pacific is expected to expand almost three-fold to $62.9 billion in 2014 from $21.8 billion last year, according to financial consultancy firm PricewaterhouseCoopers.

PricewaterhouseCoopers projected that Singapore, which is known as a safe haven for tourists in Southeast Asia, could overtake Korea and Australia this year to become the second-largest Asia-Pacific casino market behind traditional leader Macau.

Macau is expected to remain the world’s top gaming hub with its more than three dozens casinos, having earned $23.5 billion last year. It, however, faces several problems that could affect its continued growth like a labor shortage and lack of infrastructure, as well as government cap on the number of new gaming tables until 2013.

To ensure continued growth and attract a much wider clientele, Sian said new developments would continue to rise at Resorts World Manila. Among these are a state-of-the-art convention center which will rise on a 1.2-hectare property and another five-star hotel that will house 1,200 rooms.

Sian said the convention center would be the biggest in the country when completed in 2013.

Travellers International is investing at least $1.1 billion in developing two Resort World projects in Manila in the next five years.

I don't play the short-term OB/OS game.

First of all, a player must assume a major trend.

Since no one can tell the trend, an assumption

(or bias, if you like) must be made.

Then one simply bets on that assumption,

all the time strictly using one's chart as a working tool... Smiley

oversold.....which few counters are u recommending ?

iPunter ( Date: 19-Jun-2011 10:41) Posted:

Long term hold and hold can lose more money,

(if play big, some can also commit suicide).

Trading will lose less money (smaller risk)

Trading is a sensible and intelligent compromise... Smiley

spicy88 ( Date: 17-Jun-2011 15:46) Posted:

totally agree.... do not mix trading with long term strategy. You will end up buy high and sell low and lose a lot of money. I am still learning along the way over this year

Despite any bad news, just hold as the market reaching at today over sold price level already!

iPunter ( Date: 19-Jun-2011 10:41) Posted:

Long term hold and hold can lose more money,

(if play big, some can also commit suicide).

Trading will lose less money (smaller risk)

Trading is a sensible and intelligent compromise... Smiley

spicy88 ( Date: 17-Jun-2011 15:46) Posted:

totally agree.... do not mix trading with long term strategy. You will end up buy high and sell low and lose a lot of money. I am still learning along the way over this year

Long term hold and hold can lose more money,

(if play big, some can also commit suicide).

Trading will lose less money (smaller risk)

Trading is a sensible and intelligent compromise... Smiley

spicy88 ( Date: 17-Jun-2011 15:46) Posted:

totally agree.... do not mix trading with long term strategy. You will end up buy high and sell low and lose a lot of money. I am still learning along the way over this year.

iPunter ( Date: 17-Jun-2011 15:40) Posted:

This is result of trading without a system.

Since you have held for so long, I suppose your

original intention was to hold it for 'long term investment'.

If that is the case, then why should you sell only now,

after you have already lost so much money?

As long as you did not average down, you should

be all right. The most dangerous thing is

averaging down... Smiley

Genting HK formed a Bullish Harami candlestick pattern on friday.Stocastics is also on oversold. With good trading volume, Genting HK has a good chance to rebound next week.

http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-18062011/?=GentingHK

It goes without saying YES.

ryanoym ( Date: 17-Jun-2011 15:30) Posted:

when will release report? If i hold for long term around 1 more year? will it better?

totally agree.... do not mix trading with long term strategy. You will end up buy high and sell low and lose a lot of money. I am still learning along the way over this year.

iPunter ( Date: 17-Jun-2011 15:40) Posted:

This is result of trading without a system.

Since you have held for so long, I suppose your

original intention was to hold it for 'long term investment'.

If that is the case, then why should you sell only now,

after you have already lost so much money?

As long as you did not average down, you should

be all right. The most dangerous thing is

averaging down... Smiley

when will release report? If i hold for long term around 1 more year? will it better?

You should cut your losses and get out.

No point holding to a losing counter.

It's better to reserve your cash and Buy other better performing counters when this sell down is over.

ryanoym ( Date: 16-Jun-2011 23:16) Posted:

Help~~~I have keep this stock for about a year, currently i'm paper lost more than 30%....Anyone can give me some suggestion?? I really upset with this stock compare with Genting Singapore. Everyday keep dropping unless release some good news. Who know when will release Report?? Please advise me...thanks Smiley

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Genting HK US$

Monday, June 13, 2011

Genting Hong Kong Time to emerge from the shadows (KE)

Saturday June 25, 2011

Genting HK to raise RM600mil bonds

Alliance Global aims to double profits to over P6B

ALLIANCE Global Group, Inc. of property tycoon Andrew L. Tan targets doubling its profits to more than P6 billion this year, an executive said late last week.