Genting Sing    Last:0.76   -

GenSp starts to move up again

 

 

That was close, 1.59 almost broke just now with only 50,000 buy volume. Now back to 1 million. 

 

 

1.59 may break soon 

 

 

STI moving up and now trading at above yesterday's close.

 

 

 

Everything depends on market forces which changes every single minute in the market especially when the BBs start to come in and trade. There is no way for me to tell the future, best trading strategy is to stay on the defensive, and trade defensively. 

 That is the only advice I can give. 

starry1818      ( Date: 27-Aug-2010 09:10) Posted: Thanks for the info. That is to say can only go in the afternoon after the European markets and Dow Jones futures open? What would be the best price to go? P/s advice.   BullishTempo      ( Date: 27-Aug-2010 09:07) Posted:   As expected, STI opened with a gap-down, Genting also opened with a one-cent gap down. Currently seller volume outnumber buyer volume by 2 to 1 from  1.57 to 1.62. Resistance level at 1.62 with 8 million. Volumes at 1.59 and 1.60 remains stable. Prices will jump around 1.59 and 1.60 for quite sometime. Now have to observe and see. European markets will open at 3pm and that will push STI up or down depending. Dow Jones futures at 4pm will also affect.  Ok now just observe.

 

Genting net triples after opening Singapore casino

Tags: Genting Berhad | Genting Singapore Plc | Resorts World Sentosa

WRITTEN BY BLOOMBERG

THURSDAY, 26 AUGUST 2010 20:51

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Genting Bhd., Asia’s third-biggest casino operator by market value, said second-quarter profit more than tripled, bolstered by revenue from its new gambling resort in Singapore. Net income rose to 739.2 million ringgit ($318.6 million), or 20 sen a share, from 214.5 million ringgit, or 5.8 sen, a year earlier, the Kuala Lumpur-based company said in a statement today. Revenue almost doubled to 4.1 billion ringgit.   Genting is benefiting from its overseas expansion after it opened in February the US$4.7 billion ($6.37 billion) Resorts World Sentosa, Singapore’s first casino which features Southeast Asia’s only Universal Studios theme park. Its Genting Malaysia Bhd. unit is also seeking to develop and operate a video lottery facility at the Aqueduct horse racing track outside New York City.   “Resorts World Sentosa’s business showed resilience and its business model displayed impressive strength,” Genting said in the statement. “Resorts World Sentosa will continue to make improvements to its attractions, facilities and infrastructure to meet the expectations of its valued guests.”   Unit Genting Singapore Plc, now Asia’s biggest casino operator by market value, reported second-quarter profit of $396.5 million on Aug. 12, compared with a loss a year earlier. Singapore overturned a 40-year ban on casinos in 2005 to spur economic growth.   While the group’s U.K. operations saw increased business in the quarter, a weaker sterling meant lower casino revenue in ringgit terms, Genting said.   EARNINGS POTENTIAL Genting, which also operates Malaysia’s only casino, rose 0.1% to close at a three-year high of 9.00 ringgit in Kuala Lumpur trading before the results were reported. The stock has climbed 23% this year, outpacing the FTSE Bursa Malaysia KLCI Index’s 11% gain.   Its stock rating was raised to “outperform” from “underperform” to reflect the earnings potential of the company’s Singapore unit, Credit Suisse Group AG analyst Foong Wai Loke wrote in an Aug. 25 report. Credit Suisse increased its share price estimate to 10.65 ringgit from 6 ringgit.   Genting New York LLC’s bid to redevelop Aqueduct Racetrack and operate New York City’s first slot machine-style “racino” was approved by two more state political leaders on Aug. 17, moving the decision to final regulatory review.   Genting is “aggressively” seeking U.S. gaming investments, Justin Leong, head of strategic investments and corporate affairs at parent Genting Bhd., said in a June interview in New York.   The group has expanded into businesses that include power generation and palm oil to cushion swings in casino takings.   Its plantations division recorded improved revenue in the second quarter on higher prices of palm products and increased fresh fruit bunch production, Genting said. Sales in the energy division fell because of lower electricity generation from its Meizhou Wan power plant in China, it said.

 

Thanks for the info.

That is to say can only go in the afternoon after the European markets and Dow Jones futures open?

What would be the best price to go? P/s advice.  

BullishTempo      ( Date: 27-Aug-2010 09:07) Posted:   As expected, STI opened with a gap-down, Genting also opened with a one-cent gap down. Currently seller volume outnumber buyer volume by 2 to 1 from  1.57 to 1.62. Resistance level at 1.62 with 8 million. Volumes at 1.59 and 1.60 remains stable. Prices will jump around 1.59 and 1.60 for quite sometime. Now have to observe and see. European markets will open at 3pm and that will push STI up or down depending. Dow Jones futures at 4pm will also affect.  Ok now just observe.

 

 

As expected, STI opened with a gap-down, Genting also opened with a one-cent gap down. Currently seller volume outnumber buyer volume by 2 to 1 from  1.57 to 1.62.

Resistance level at 1.62 with 8 million. Volumes at 1.59 and 1.60 remains stable. Prices will jump around 1.59 and 1.60 for quite sometime. Now have to observe and see. European markets will open at 3pm and that will push STI up or down depending. Dow Jones futures at 4pm will also affect.

 Ok now just observe. 

 

 

??? Short or Long ?

BullishTempo      ( Date: 27-Aug-2010 08:57) Posted:     Today maybe a good chance to buy Genting at a cheaper price. Good luck guys!

 

Will it drop to 1.55 again?

starry1818      ( Date: 27-Aug-2010 08:59) Posted: Hi morning. Really? Good to hear that. :) How do we know when it's the cheaper price to go in? Thanks. BullishTempo      ( Date: 27-Aug-2010 08:57) Posted:     Today maybe a good chance to buy Genting at a cheaper price. Good luck guys!

 

Hi morning.

Really? Good to hear that. :) How do we know when it's the cheaper price to go in? Thanks.

BullishTempo      ( Date: 27-Aug-2010 08:57) Posted:     Today maybe a good chance to buy Genting at a cheaper price. Good luck guys!

 

 

 

Today maybe a good chance to buy Genting at a cheaper price. Good luck guys! 

 

 

Dow Jones down, Japan down, Australia down. STI closed lower yesterday, with RSI in oversold region, MACD crossing the zero line, indicating loss of momentum. Candlestick looks like it is in a consolidation pattern to the downside.

Overall market sentiment : bearish.  Prepare for a gap down STI at the beginning of today's session. 

 

 

Good morning everybody. Lets prepare for today's trading session.

 Dow loses sight of 10K 


A drop in jobless claims offers little consolation to investors worried about a slowing U.S. recovery. 

 

Hahaha... :)

   You are right...

       FengShui, or for that matter, any established belief system,

            has its own foundational basis for its working.

                 And each individual will subscribe seriously to a particular belief

                       according to the personal occurrences that occur in the individual's life...

 

Dear comrade, AK apology, being disturbed on Fengshui issue. Have heard a lot of issues cleared because of Fengshui.  AK is a frog in a small well, really neive loh.

Nonetheless, at times, being superstitious is not a bad thing, at least, one feels at ease at heart loh. But, drinking burnt, so-called god paper to cure sickness, definitely is a scum.

No Fengshui in US, but its the giant country. Got Fengshui in China, but disasters everywhere. Fengshui du help Orchard floods. But, Fengshui helped Gent SP to get rich everyday, just can't explain, non technically.

iPunter      ( Date: 26-Aug-2010 19:28) Posted: Don't ever say-       "Don't believe in FengShui"...            Only those who have not experienced incidents or phenomena                  in their own lives will say spiritual/mystical stuff are 'not true'.                       The fact is everything is true according to our understanding...

 

Today (Thurs) 26-8-2010. Closed at $1.60c 

Genting SP

1.590

1.600

+0.020c

+1.3%

Vol-110,206,000

3,647,000

1.590

1.600

320,000

1.620

1.580

SERV

SGD

--

G13

G13_R

(Wed) 25-8-2010. it closed higher to $1.58c on lower Volume

Genting SP

1.550

1.580

+0.040c

+2.6%

Vol-72,924,000

2,043,000

1.570

1.580

2,754,000

1.590

1.540

(Tues) 24-8-2010. it closed at $1.54c

Genting SP

1.590

1.540

-0.050c

-3.1%

Vol-107,358,000

338,000

1.540

1.550

2,023,000

1.600

1.520

(Mon) 23-8-2010 Genting SP closed at $1.59c

Genting SP

1.500

1.590

+0.090c

+6.0%

Vol-118,285,000

1,272,000

1.590

1.600

10,206,000

1.590

1.490

teeth thot - One more attempt.to break above (for it price n for vol). Friday is last day for this week

 

Don't ever say-

      "Don't believe in FengShui"...

           Only those who have not experienced incidents or phenomena

                 in their own lives will say spiritual/mystical stuff are 'not true'.

                      The fact is everything is true according to our understanding...

 

Ha ha, at current buoyant global market couples with economy uncertainty, its not the time like mid 2006 to 3Q 2007 loh, where even closing one eye also making lots of $ loh.

Dun belief in Fengshui, my name remains as AK Francis, and Carlsberg is still my brand, he he.

iPunter      ( Date: 26-Aug-2010 18:25) Posted: In the olden days, there was a certain ordinary Italian     by the name of Nicolas Darvas.          His method is to keep on buying                more and more as the stock rises and rises...                     And he became a famous multi-millionaire.                           His secret was "The Box Method"...

 

In the olden days, there was a certain ordinary Italian

    by the name of Nicolas Darvas.

         His method is to keep on buying

               more and more as the stock rises and rises...

                    And he became a famous multi-millionaire.

                          His secret was "The Box Method"...

 

Ha ha, ref to all the encouragement fr the sifus, AK also Q last 5mins at 1.59, but see sky loh. Hope tomorrow would be a better day for shopping liao. But looking at EU, after days of weakness, today shown some strength, guesses may not get good discount tomorrow liao. Nonetheless, tks for all the support, be it cashing out early or buying high lately. Cheers.