Genting Sing    Last:0.705    -0.005

outlook

Here's the GS report on GIL - SHORT SHORT SHORT..........

 

GIL, gs put new rating NEUTRAL with target price $0.94
- We initiate coverage on Genting International Limited (GIL) with a Neutral rating and SOTP-based 12-month price target of S$0.94.
- While we believe Genting International's Sentosa casino offers the most exciting, compelling earnings growth ideas within the Genting group, we believe there is little upside left following its 150% share price increase since the Sentosa casino win announcement on December 8, 2006. With the casino likely to open only towards end-2009, we believe it is too early to start discounting the long-term potential from the Sentosa casino.
- It is all about Sentosa. With most of its value in Sentosa, execution will be key for GIL as GIL looks to monetize its Sentosa Integrated Resorts. To be completed by end-2009, GIL believes it will develop the project on target, and on budget, and has kick-started the massive construction project earlier this week with ground-breaking.
- Massive funding requirement ? expect cash calls. GIL's financial position is stretched with net gearing of 0.7X as at end-2006. With its new Sentosa Integrated Resort win, we estimate GIL would need to raise a massive S$5.2bn in capital over the next three years to develop the project. It plans to finance 2/3rds of the Sentosa casino with debt, and 1/3 from equity. It has already started the process with a S$425mn convertible bond issue last December and earlier this week, GIL went to the capital market for another S$450mn convertible bond. Even assuming all these convertible bond notes are converted to equity, GIL would need to raise about S$900mn cash equity, and this could be higher, should GIL need funds for new UK casinos.

 

Genting AGM tomorrow at SENTOSA 25.04.07 WED 3pm. Price will remain firm.... May have some good news/announcement

 

anyone got any idea why Goldman target price is  0.94  ????? 

hmm,,,, must buy some at 0.95   and  make quick buck at 1.05 

 

guess will sail back to the start point .... 95 cents .... tmr

 

how to upload report?..can ask ur broker if they have to send u

 

I think better standby to press the buy button at 1630 hrs if it hit 0.94cts... good price to go in for another round of hit and run warfare.

 

Ozone2002, good to short if TP 94c is true, have you short?

 

TP 0.94 sure or not...if make known then price should go down to 0.95 by now...

 

No link lei..got the report from my broker

 

Goldman target price of 0.94? when is the report released? can you show us the link ? thanks.

Nikkei, Sensex are pointing south now... expect STI going down when it resumes at 2 pm...

don't want to short la... can get heart attack one u know..

you see, one more eg. luckily i didn't contra OLAM today, because they got 77 millions peanuts deal with the US yesterday, thought it will rise up high, when market opens, it ups all the way to 3.60, and now 3.44.. nothing is "sure things" man...

 

shorting time..!

just read a report from Goldman...target px $0.94

don't want no short short man...;p

 

12:03:00	1.020	44,000	Sell Down
12:02:59	1.020	50,000	Sell Down
12:02:58	1.020	250,000	Sell Down
12:02:54	1.020	3,052,000	Sell Down
12:02:37	1.020	20,000	Sell Down
12:02:33	1.020	1,000,000	Sell Down

 

shiok

 

Pension, so are you the early bird to buy? or to sell? Haha

 

early bird kenna stuck @ 1.06-07..
late bird get @ 1.03-04..keke..

but genting still a gd catch...make some lunch money n run.. :)

 

but again, anything can happen la. its only 40 minutes after market opens.. cheers to genting! I love genting too!

 

pension, luckily I didn't listen to you, if so, buy price while market open is 1.07, and now so pathetic to 1.03....

 

Early bird catches the worm, late bird catch nothing. Get ready, once the counter open, just buy at whatever price at sell counter. The share will shoot up today and you will regret if you do not buy. 

 

Thanks iPunter!
was hiding in one corner waiting for opportunity to enter the market..

 

Ozone2002...

Good to see you back... :)

 

5 day contra still can..

but buy within limit.. ;p

just sold off my stake @ 1.03..waiting for another run..

charts lookin gd..monday will try again.. good luck punters!..i mean investors..