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Ha ha, sure, then must celebrate liao. Perhaps, can buy one more MPV liao. Cheers.
Raptor22 ( Date: 15-Sep-2010 17:14) Posted:
You mean CHEERS with BEER Huat-ah!!
AK_Francis ( Date: 15-Sep-2010 16:57) Posted:
| Hoe sheh laio, if 2.36 ah. Cheers. |
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You mean CHEERS with BEER
Huat-ah!!
AK_Francis ( Date: 15-Sep-2010 16:57) Posted:
| Hoe sheh laio, if 2.36 ah. Cheers. |
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Hoe sheh laio, if 2.36 ah. Cheers.
| Genting Singapore target raised to $2.36 by DBS Vickers |
Tags: Genting Singapore | Genting Singapore Plc
| WRITTEN BY THE EDGE |
| WEDNESDAY, 15 SEPTEMBER 2010 12:45 |
DBS Vickers lifts Genting Singapore (G13.SG) target price to $2.36 from $2.00, based on 16.5x 2011-2012 EV/EBITDA vs 15x assigned to Wynn Macau (1128.HK), according to Dow Jones.
DBS Vickers says gaming group deserves premium valuation as it has highest profitability among Asian peers, strong earnings growth, backed by Singapore’s duopoly gaming market. Broker keeps Buy call, saying: “The next wave of re-rating will likely come from (valuation) multiple expansions as earnings visibility improves and Asian robust consumption theme continues to be in vogue.”
Shares +2.1% at $1.95.
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not sure if genting is going to break the 1.96 level.
Those VIPs at VIP lounges. treated like queen and king.
Go turf Club see horses make love............hahaha!
pharoah88 ( Date: 15-Sep-2010 13:12) Posted:
| the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay? |
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IRs allowed to change nature of business?
Letter from Dennis Distant
WHEN Singaporeans raised objections to plans to allow casinos to open in Singapore, we were assured they would be integrated resorts with casinos.
We took this to mean that theme parks, restaurants and shops would be the main components of the whole project.
That being the case, why have we been told suddenly that Singaporeans who visited the IR in Sentosa using the free shuttle buses provided by Resorts World Sentosa were going there to gamble, not withstanding the $100-per day levy needed to enter the casino?
Have the IRs been allowed to change the nature of their licenced business to that of a casino as their principle business with the other attractions being merely add-ons?
Meanwhile, the withdrawal of the free shuttle bus service seems to have had little effect on the business of RWS, with the shares of the operator, Genting Singapore, soaring 16 cents to $1.99 and one broker setting a new target price of $3 when the market opened after the withdrawal of free buses to the IR.
| STI gains 0.5% to 3,063.27 at trading break |
Tags: Ascott Residence Trust | Bank of America Corp. | Capitaland | Deutsche Bank AG |Nomura Holdings Inc. | Olam International | Renewable Energy Asia Group | Singapore Airlines |Singapore Exchange | Straits Asia Resources | Tiger Airways Holdings | Yangzijiang Shipbldg Hldgs
| WRITTEN BY BLOOMBERG |
| WEDNESDAY, 15 SEPTEMBER 2010 12:55 |
Singapore’s Straits Times Index gained 0.5% to 3,063.27 as of the 12:30 p.m. trading break. Three stocks rose for each that fell on the 30-member gauge.
Shares on the measure trade at an average 14.9 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market. Ascott Residence Trust (ART SP), the serviced-apartment operator partly owned byCapitaLand (CAPL SP), rose 1.7% to $1.17. The company said it raised $453.2 million from its private placement of 419.66 million new units at a price of $1.08 each. UOB-Kay Hian Holdings maintained its “buy” rating and share price forecast of $1.40. Olam International (OLAM SP), one of the world’s three biggest suppliers of cotton, jumped 3.8% to $3.02. Cotton extended a rally to the highest price in 15 years in New York yesterday amid tightening global supplies. Renewable Energy Asia Group (REAG SP), the maker of win-turbine components, advanced 1.6% to 31.5 cents. The company said it will build a wind farm, with a capacity of up to 1,200 megawatts, in Jiuquan, China. Singapore Exchange (SGX SP), operator of the city’s derivatives and securities exchange, rose 0.6% to$8.25. Deutsche Bank AG raised its share-price forecast to $9.50 from S$8.90 and maintained its “buy” rating, saying the bourse operator’s introduction of American depositary receipts next month will help boost trading volumes. Straits Asia Resources (SAR SP), owner of coal mines in Indonesia, gained 0.4% to $2.31.Nomura Holdings Inc. initiated coverage of the stock with a “buy” rating and a share-price forecast of $2.80. Tiger Airways Holdings (TGR SP), the budget carrier partly-owned by Singapore Airlines(SIA SP), increased 2.1% to $1.99. The company said it filled 86% of seats in August, compared with 81% a year earlier as it transported 18% more passengers. Yangzijiang Shipbuilding Holdings (YZJ SP), a China- based shipbuilder, climbed 4.2% to $1.74. Bank of America Corp.’s Merrill Lynch unit reinstated coverage of the stock with a “buy” rating and share-price forecast of $2.26. |
| Singapore retail sales excluding vehicles rise on jobs, tourism |
| WRITTEN BY BLOOMBERG |
| WEDNESDAY, 15 SEPTEMBER 2010 13:18 |
Singapore’s retail sales, excluding motor vehicles, rose for a ninth month in July as a booming job market and higher tourist arrivals boosted spending.
The index measuring purchases excluding automobiles climbed 6% from a year earlier, after gaining a revised 4.8% in June, the Statistics Department said today. Including vehicles, which are sold subject to government caps, total retail sales fell 1.2%, less than the median forecast for a 2.7% decline in a Bloomberg News survey of seven economists. Singapore is in the running to be the world’s fastest- growing economy in 2010 after expanding a record 17.9% in the first six months of the year. The city state added more than 61,000 jobs from January to June as accelerating growth and tourists lured by the opening of two casino-resorts spurred demand for goods and services. “Excluding car sales, the retail outlook continues to brighten on strong domestic employment and wage growth,” Alvin Liew, a Singapore-based economist at Standard Chartered Plc, said before the report. “Record inflows of tourists into Singapore also helped.” Monthly tourist arrivals in Singapore exceeded the 1 million mark for the first time in July, aided by the opening of casino-resorts run by Genting Singapore Plc and Las Vegas Sands Corp. A government labor report today showed wages before adjusting for inflation grew 5.8% in the three months through June. Adjusted for seasonal factors, overall retail sales rose 3.2% from June, today’s report showed. Singapore controls pollution and congestion on its roads by selling limited permits for each automobile category, and the quotas may distort sales figures because motor vehicles are the biggest component of the retail index, accounting for a third of the gauge. |
| STI +0.5% to 3,063.05 at midday; Lower liners dominate trading |
Tags: China Hongxing | China Hongxing Sports | China Sports International | China Sports Intl| Genting Singapore | Genting Singapore Plc | Informatics | Informatics Education | Yangzijiang| Yangzijiang Shipbldg Hldgs | Yangzijiang Shipbuilding
| WRITTEN BY THE EDGE |
| WEDNESDAY, 15 SEPTEMBER 2010 13:04 |
Activity in Singapore stock market robust as players dabble in small caps, lower liners, says Dow Jones.
Volume above-average at 1.66 billion shares worth $1.0 billion vs whole of yesterday’s 2.19 billion worth S$1.82 billion. FTSE ST Small Cap Index +1.1%, FTSE ST Catalist Index +1.6%. Blue chips also higher but gains smaller, with STI +0.5% at 3,063.05. If year-to-date high of 3,068 gives way, next resistance for STI expected at lower end of 3,085-3,146 breakdown gap formed in June 2008.
“The Singapore market should continue its ‘band trading’ as investors’ sentiment fluctuate between fear of a double dip and relief of a ‘soft landing’ scenario,” says DBS Vickers.
Most active stocks in market include China Hongxing Sports (BR9.SG), +7.5% at $0.215, Informatics (I03.SG), +9.1% at $0.18, Yangzijiang (BS6.SG), +4.2% at $1.74, Genting Singapore (G13.SG), +2.1% at $1.95, China Sports (FQ8.SG), +4.0% at $0.13. |
| Genting Singapore target raised to $2.36 by DBS Vickers |
Tags: Genting Singapore | Genting Singapore Plc
| WRITTEN BY THE EDGE |
| WEDNESDAY, 15 SEPTEMBER 2010 12:45 |
DBS Vickers lifts Genting Singapore (G13.SG) target price to $2.36 from $2.00, based on 16.5x 2011-2012 EV/EBITDA vs 15x assigned to Wynn Macau (1128.HK), according to Dow Jones.
DBS Vickers says gaming group deserves premium valuation as it has highest profitability among Asian peers, strong earnings growth, backed by Singapore’s duopoly gaming market. Broker keeps Buy call, saying: “The next wave of re-rating will likely come from (valuation) multiple expansions as earnings visibility improves and Asian robust consumption theme continues to be in vogue.”
Shares +2.1% at $1.95. |
FREE TURB CLUB BUS SERVICES
ABSOLUTELY PURE INCENTIVES
fOr HORSE RACE BETTING
pharoah88 ( Date: 15-Sep-2010 13:14) Posted:
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VerY VerY VerY lIkelY
ALL 100% FREE Riders Of
PAID TURF CLUB BUSES
are pUnters
pharoah88 ( Date: 15-Sep-2010 13:12) Posted:
| the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay? |
|
|
|
VerY VerY VerY lIkelY
ALL 100% FREE Riders Of
PAID TURF CLUB BUSES
are pUnters
pharoah88 ( Date: 15-Sep-2010 13:12) Posted:
| the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay? |
|
the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay?
Yet, the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay?
The decision by the Casino Regulatory Authority (CRA) to stop the free bus rides provided by the two integrated resorts here, except from certain destinations like the airport and hotels, appears to be a knee-jerk reaction to complaints from the anti-gambling lobby.
The CRA’s action followed a probe by the Ministry of Community Development, Youth and Sports (MCYS) to ascertain that Singaporeans are not being enticed to the casinos.
This in turn resulted from concerns raised by certain MPs, including Mr Liang Eng Hwa (Holland-Bukit Timah GRC) that the free shuttle rides from 19 destinations across the island, mainly to and from the HDB heartlands, amounted to providing incentives to Singaporeans to gamble at the casinos.
The two resorts had been providing the free shuttle rides since June having obtained permission for the service and the routes from the Land Transport Authority.
If the service was in violation of the casino rules, why did it take some three months for the CRA to act? Is this also another case of the left hand not knowing what the right hand was doing, given that the LTA had given the go ahead?
Resorts World Sentosa’s (RWS) vice president for resort operations Noel Hawkes had been quoted as saying that the resort had been working with government agencies to ease congestion at the junction of Telok Blangah Road and the Sentosa Gateway by providing bus services. He is said to have further stated that services to the heartlands was part of its overall transport plans “so that we would bring people here by public transport and avoid people having to take their cars and jam up the junction”.
What’s going to happen now?
What if the jams get worse?
Erect ERP gantries?
It is not as if everyone using the service went to the casinos to gamble. In fact, the vast majority used them to get into Sentosa or the various outlets at the integrated resorts.
According to a survey by RWS more than 60 per cent of the 2,500 people who made use of the free bus rides daily did not end up at the gaming tables or the jackpot machines.
Remember the whole idea of naming them integrated resorts and not just casinos?
So, the majority are being punished for the sins of the minority.
What makes the authorities so sure that the minority will not end up at the casinos in any case? Die-hard gamblers will find their way to the gaming tables by hook or by crook.
Isn’t the $100 levy per person for entry to the casinos supposed to dissuade Singaporeans and permanent residents from making wagers at the gaming tables?
Perhaps, the discriminatory levy is not high enough and should be raised? And not forgetting we also have the casino exclusion measures as additional safeguards to stop problem gambling.
Members of the family or the gambler himself can apply to have him or herself excluded from entering any of the casinos.
Why did Marina Bay Sands, which claimed not to have provided buses to the HDB heartlands, have to stop its paid bus services as well as its free shuttle services to the hotels?
Yet, the Singapore Turf Club is allowed to provide paid bus services from certain destinations.
Why do people go to the Turf Club?
To admire the horses and smell the hay?
There also appears to be some hypocrisy — at the very least a turning of blind eyes — to the gambling in the heartlands, be it on soccer matches here and abroad, Toto, Four-D, and the races at the numerous betting shops of the Totalisator Board.
As a result of the cessation of the free rides, the bus owners stand to lose heavily on their gamble to buy two dozen new buses to service the routes. And a number of bus drivers may be out of job following the CRA move. Can they claim compensation from the CRA considering that initial approval had been given by the LTA?
Why not then let the CRA be the final authority on all matters pertaining to the integrated resorts — as the casinos are within the premises?
People should not be left wondering if approval from other authorities could be at odds with the CRA.
Perhaps it is time that the authorities stop treating Singaporeans like kids and let them decide for themselves what is good for them — within the bounds of the law. If they want to use a free bus ride to go to the casinos, why not?
The writer is editor-at-large at
Today.pharoah88 ( Date: 15-Sep-2010 12:29) Posted:
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Another knee jerk response?
Singaporeans can decide if they want to use the shuttle bus services to the integrated resorts
conrad@mediacorp.com.sg
Conrad Raj
If the service was in violation of the casino rules, why did it take some three months for the CRA to act?
Is this also another case of the left hand not knowing what the right hand was doing, given that the LTA had given the go ahead? |
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Ha ha, dear comrade, take your blessing liao. Happy hr time liao. Cheers.
pcxiao2008 ( Date: 15-Sep-2010 12:30) Posted:
| afternoon trade will go up? seems like a lot of investors buy at the price 1.94, 1.95.. |
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afternoon trade will go up? seems like a lot of investors buy at the price 1.94, 1.95..
Another knee jerk response?
Singaporeans can decide if they want to use the shuttle bus services to the integrated resorts
conrad@mediacorp.com.sg
Conrad Raj
If the service was in violation of the casino rules, why did it take some three months for the CRA to act?
Is this also another case of the left hand not knowing what the right hand was doing, given that the LTA had given the go ahead?
ya....agreed....looking at the whole morning...genting related stocks are quiet today...good news has been digested over the last few days...now big players looking at shipping stocks...i am still monitoring ...don't dare to re enter now... :)
AK_Francis ( Date: 15-Sep-2010 11:59) Posted:
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Ha ha, dear comrade, jangan tension, relak lah. As far as seeing green, ok liao. Lagi best everyday see green. Cheers.
BullishTempo ( Date: 15-Sep-2010 11:43) Posted:
| zzzz... today not much volume and slow moving. Probably another week or two before moving higher above $2.00. Keeping my long position |
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Ha ha, dear comrade, jangan tension, relak lah. As far as seeing green, ok liao. Lagi best everyday see green. Cheers.
BullishTempo ( Date: 15-Sep-2010 11:43) Posted:
zzzz... today not much volume and slow moving. Probably another week or two before moving higher above $2.00. Keeping my long position.
pharoah88 ( Date: 15-Sep-2010 11:05) Posted:
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Thank you very much
Have a prOfItable week ! |
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