Post Reply
12521-12540 of 23260
Thursday: 26 AUGUST 2010 CLOSING
110,206,000
S$1.60 +S$0.020
Day Hi S$1.620
Day Lo S$1.580
SUPPORT DEPTH
S$1.600 61,433,000 [34,495,000 B f S]
S$1.610 16,392,000 [11,100,000 B f S]
TOTAL 110,206,000 [55,289,000 B f S]
After market trading at 5.05pm ended with about 2 million genting shares bought from seller at 1.60. Tomorrow will be an interesting day. Have a good evening guys !!!
A lot of last minute buying at 1.60
If we all know for sure, we can surely retire richer than Warren Buffett 
artng25 ( Date: 26-Aug-2010 16:51) Posted:
Everywhere bull and bear tug of war.... Who will emerge victorious ?
|
|
| Singapore IRs likely added $470m to 1H GDP: DBS |
Tags: Genting Singapore | Genting Singapore Plc
| WRITTEN BY THE EDGE |
| THURSDAY, 26 AUGUST 2010 16:29 |
Singapore’s “integrated resorts” likely to have added about $470 million to Singapore economy in 1H 2010, DBS economist Irvin Seah says, according to Dow Jones.
Seah says Las Vegas Sands’ (LVS) Marina Bay Sands resort and Genting Singapore’s (G13.SG) Resorts World Sentosa will likely add $2 billion in 2010, or 0.7 percentage points of expected +15% GDP growth. He adds “other services” component of 2Q GDP, which includes entertainment rose 12.9% on-year, vs historical +6.1% average, noting “contributions derived from the GDP statistics reflect only the direct impact of the IRs. The overall economic gains to the economy are likely to be significantly larger if the spinoffs to other industries are taken into account.” |
Everywhere bull and bear tug of war.... Who will emerge victorious ?
| Casino cash may inject $2.03b into Singapore annually: DBS |
Tags: DBS Bank | Las Vegas Sands
| WRITTEN BY THOMSON REUTERS |
| THURSDAY, 26 AUGUST 2010 16:22 |
Revenues from two new casino-resorts could contribute as much as $2 billion annually to Singapore’s economy, which is expected by the government to grow by up to 15% this year, DBS Bank said on Thursday.
The two resorts have already contributed $470 million or 0.3 percentage points to gross domestic product (GDP), which grew 17.9% in the first half of 2010 from a year earlier, DBS economist Irvin Seah wrote in a report. "If the GDP contributions by the integrated resorts continue to rise at the same pace going forward, we can expect full-year GDP contributions of about $2 billion from these projects," Seah said in the note. That would translate into adding 0.7 percentage points to GDP for the whole of 2010, he said. Singapore is counting on the two resorts opened earlier this year by Malaysia’s Genting Bhd (GENT.KL) and Las Vegas Sands (LVS.N) to help fuel tourism and economic growth. It hopes to double visitor arrivals to 17 million by 2015. In July alone, at least 1 million people visited Singapore, the highest number the city-state ever saw in a month, after seven consecutive months of record monthly visitor arrivals. “However, the contributions derived from the GDP statistics reflect only the direct impact of the IRs. The overall economic gains to the economy are likely to be significantly larger if the spinoffs to other industries are taken into account,” he said. |
European markets turning down. Dow futures turning down as well.
 | | |
| INDEX | VALUE | CHANGE | OPEN | HIGH | LOW | TIME | | DJIA INDEX | 10,055.00 | 8.00 | 10,050.00 | 10,075.00 | 10,043.00 | 04:32 | | S&P 500 | 1,056.10 | 1.50 | 1,055.50 | 1,058.40 | 1,053.80 | 04:32 | | NASDAQ 100 | 1,792.50 | 2.75 | 1,791.00 | 1,795.75 | 1,789.00 | 04:32 | | S&P/TSX 60 | 676.00 | 4.90 | 668.40 | 676.90 | 665.50 | 08/25 | | MEX BOLSA | 31,366.00 | 64.00 | 31,280.00 | 31,435.00 | 30,880.00 | 08/25 | | BOVESPA | 65,473.00 | -457.00 | 65,820.00 | 65,950.00 | 64,835.00 | 08/25 |
|
|
|
iPunter is so right !
iPunter ( Date: 26-Aug-2010 16:33) Posted:
Playing by the big wedge, it is a bearish pattern... ie. it may not go higher in the coming days... But the pattern is just pattern, Not a foolproof predictive indicator. It is just a rational, objective basis to bet on... If one's bet is wrong, vamoosh at once! 
BullishTempo ( Date: 26-Aug-2010 16:23) Posted:
If genting closes at 1.60, it will be wedge pattern to the downside, if closes at 1.61 it will be a outbreak pattern to the upside. LoL, hard to decide siah !!!! |
|
|
|
Buy volume at 1.58 almost the same as sell volume at 1.60. Tough call today. Everything depends on the last 15 minutes before market closes. Good luck guys
BullishTempo ( Date: 26-Aug-2010 16:28) Posted:
Profit taking taking place liao. 1.59 looks ready to break. Closing could be 1.58... |
|
Hi BT
What is a wedge pattern? Pardon for asking, what will happen if it closes at 1.59? There are so many volumes traded today how come the price doesn't goes up? Thanks.
BullishTempo ( Date: 26-Aug-2010 16:23) Posted:
If genting closes at 1.60, it will be wedge pattern to the downside, if closes at 1.61 it will be a outbreak pattern to the upside. LoL, hard to decide siah !!!! |
|
Playing by the big wedge,
it is a bearish pattern...
ie. it may not go higher in the coming days...
But the pattern is just pattern,
Not a foolproof predictive indicator.
It is just a rational, objective basis to bet on...
If one's bet is wrong, vamoosh at once!
BullishTempo ( Date: 26-Aug-2010 16:23) Posted:
If genting closes at 1.60, it will be wedge pattern to the downside, if closes at 1.61 it will be a outbreak pattern to the upside. LoL, hard to decide siah !!!! |
|
Profit taking taking place liao. 1.59 looks ready to break. Closing could be 1.58...
Look at your GentingSP chart's candlestick pattern. Yes one cent makes a difference.
des_khor ( Date: 26-Aug-2010 16:25) Posted:
|
One cent make diff ??
If genting closes at 1.60, it will be wedge pattern to the downside, if closes at 1.61 it will be a outbreak pattern to the upside. LoL, hard to decide siah !!!!
If GentingSP closes at 1.60 today, it will form a wedge pattern on the chart. Time to do your own analysis now.
Good stuff.
Thanks for sharing the updates.
Keep it up.
BullishTempo ( Date: 26-Aug-2010 15:55) Posted:
America's GDP numbers will be out on Friday. Tonight's Dow Jones expected to be mostly flat while awaiting America GDP numbers on friday. If GDP on friday turn out worse than expected, market will turn down, which will have a pull on Asian markets come next Monday. Risk averse players should stay out of the market.
Buoyant European markets at this time have positive effect on Dow Jones futures currently. STI now flat, at almost the same level as yesterday's close. STI investors / traders expected to profit take before market closing given uncertainly of current global economy. Also September period tend to be a bearish month in global markets.
Looking at GentingSP, seller volume outnumber buyer volume by 2 to 1 from 1.57 to 1.62. Closing price expected to be between 1.59 to 1.61. OCBC Investment Research; has Buy call, ups target to $1.85 from $1.66 to factor in lower capex post-UK sale. Overall outlook for GentingSP bullish in the mid to long term. Short-term upside limited to 1.68.
|
|
MARKET PULSE
Aug. 26, 2010, 3:05 a.m. EDT · Recommend (1) · Post: 
European stocks open up after Wall Street gains
AlertEmailPrintShareBy Polya LesovaFRANKFURT (MarketWatch) -- European stocks rose on Thursday, buoyed by a late-session rally on Wall Street. The Stoxx Europe 600 index (ST:SXXP 249.41, +1.87, +0.76%)rose 0.8% to 249.46 points. Germany's DAX index (DX:DAX 5,933, +33.38, +0.57%) gained 0.6% to 5,936 points and France's CAC 40 index (FR:PX1 3,482, +31.50, +0.91%) gained 1.1% to 3,488 points. Shares of cosmetics giant L'Oreal SA (FR:OR 79.10, +3.33, +4.40%)rose 4% after the firm reported a 21% increase in first-half net profit. Shares of hotel group Accor (FR:AC 24.70, +1.20, +5.11%) gained 3.4% after its first-half net loss narrowed, while revenue rose 6%. In the financial sector, shares of banking group Credit Agricole (FR:ACA 10.24, +0.34, +3.43%) rallied 5.6% after reporting results. The U.K.'s FTSE 100 index (UK:UKX 5,152, +42.14, +0.83%) advanced 0.8% to 5,149.20 points.
Don't underestimate the power of foreign investors. Also global markets tend to have a pull on STI, given the export-based economy of Singapore.
niuyear ( Date: 26-Aug-2010 15:46) Posted:
Europeans also like to buy Genting meh. 
BullishTempo ( Date: 26-Aug-2010 15:39) Posted:
European markets have opened. France, Germany and UK all up. Dow Futures positive. STI off 0.1%. Market outlook not too bad, but risk appetite still low |
|
|
|
Share this
Digg
Del.icio.us
StumbleUpon
Netscape
Yahoo
Technorati
Googlize this
Facebook
Export PDF
Print
E-mail
