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Genting Sing    Last:0.765    +0.005

GenSp starts to move up again

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rolandchiau
    13-Aug-2010 09:23  
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Still early to sell....
 
 
nickyng
    13-Aug-2010 09:06  
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shorted 10x at 1.44 ! wish me luck!! :P
 
 
AK_Francis
    13-Aug-2010 09:02  
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Today BT. Ha ha, the reason why Mr Lim dun choose his own land to build IR.

Published August 13, 2010

COMMENTARY
Singapore at 45


 

By LI LIANG SHI

 

AUGUST 9th marks an important day: the separation of Singapore from Malaysia 45 years ago. On the Malaysian side, MPs of the Alliance were instructed to vote for the separation, which was passed on that day after three readings. Over in Singapore, then PM Lee Kuan Yew broke the news on television and radio.

 


Forced to become independent, Singapore faced tough economic, defence and water supply problems.

Mr Lee once remarked that the city state could not survive on its own with neither hinterland nor natural resources. Nevertheless, after Aug 9, 1965, Mr Lee and his team rolled up their sleeves and resolutely tackled the 'mission impossible'. How would the nation carry on without the vast hinterland of Malaysia? That was the question on the minds of many. Even Malaysia was watching Singapore to see how it was going to survive independently.

Forty-five years have passed. Singapore has not gone back to Malaysia for help.

Through the efforts of three generations of leaders, Singapore has created numerous miracles, making the impossible possible. It overcame unemployment which stood at 10 per cent and achieved economic success that topped others in Southeast Asia. Singaporeans have joined the ranks of advanced nations in terms of GDP.

On water, Singapore has strived hard to develop its water sources to reduce its dependence on Malaysia. Singapore's water sources include more than 10 reservoirs, desalinated seawater and recycled water (Newater). Meanwhile, the use of water from Malaysia is being gradually reduced.

Singapore is also world renowned for the incorruptibility of its civil servants. These are results of the joint efforts as well as the sweat and blood of the entire nation. No gain without pain.

The theme of Singapore's 45th National Day is 'Live our dreams, fly our flag'. This city state with absolutely no natural resources is still striving to forge ahead and setting new visions. From having next to nothing yesteryear to having an abundance of food and clothing now, the Republic is proof of the importance of human resources.

Now take a look at Malaysia, an economically vibrant nation in the 1950s and 1960s which will be celebrating its 53rd National Day in three weeks' time. Its glory is now a thing of the past while Vision 2020 is still in progress. Many of its reforms are hampered by the nation's frameworks.

Its generations of leaders had dreams for Malaysians. However, will the dreams come true or will they stay dreams forever? Only time will tell. When will Malaysia, 53, achieve the success of Singapore at 45? Perhaps we will obtain answers to these questions in the future. -- Nanyang Siang Pau

 

 
pharoah88
    13-Aug-2010 08:56  
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S H O R T
 
 
pharoah88
    13-Aug-2010 08:34  
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As a Money Printing System [MPS] ?

Genting Singapore Overtakes ?

COSCO's Original Record ?

WILMAR's  Peak  Record ?

Achives  GUINESS  World  Record ? 
 
 
pharoah88
    13-Aug-2010 08:30  
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Will  Genting Singapore be ?

Singapore's Soverign Money Printing System  [MPM] ?

At the Printing Rate of  S$Billions per annum ?
 

 
Isolator
    12-Aug-2010 23:14  
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Should look for sell.... lol... Smiley
 
 
leoleo
    12-Aug-2010 22:19  
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One of the best sti stock. Must buy and keep long ..$8 in 10yrs no problem.
 
 
nickyng
    12-Aug-2010 21:46  
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sell on news bro !! :P with DJ and European mkts start sliding bit by bit from now.....only wise to take profit and RUN ! :P


AK_Francis      ( Date: 12-Aug-2010 21:43) Posted:



Ha ha, comrade, so tomorrow, buy high sell higher ah? Ok now Q liao.

 
 
AK_Francis
    12-Aug-2010 21:43  
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Ha ha, comrade, so tomorrow, buy high sell higher ah? Ok now Q liao.
 

 
jchong71
    12-Aug-2010 21:34  
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Power results for Q2!!!
Genting Singapore Plc reported second-quarter profit of $396.5 million compared with a loss a year earlier as its new casino resort in Singapore “made an impact” in its first full quarter of operations.

Revenue surged to $979.3 million in the three months to June 30 compared with $120.1 million a year ago, according to a filing to the Singapore stock exchange today. Earnings before interest, tax, depreciation and amortization, or Ebitda, were US$513.9 million ($700.1 million), with margins of 52%, the statement said.
 
Singapore overturned a 40-year ban on casinos in 2005 to spur economic growth. Genting’s US$4.7 billion Resorts World Sentosa opened on Feb. 14 and features Southeast Asia’s only Universal Studios theme park. Billionaire Sheldon Adelson’s Las Vegas Sands Corp. opened its rival US$5.5 billion Marina Bay Sands casino resort in the financial district in April.
 
The group’s Ebitda figure was “way above our $244m and consensus forecasts, which we think was $220m,” Aaron Fischer, a casinos analyst at CLSA Ltd. in Hong Kong, wrote in an e-mail. “With such strong set of results, our fair value for the stock will likely be revised to at least $1.50.”
 
Genting Singapore, controlled by Malaysia’s Genting Bhd., is the second-best performer on the Straits Times Index over the past 12 months, surging about 50% compared with the benchmark’s 14% gain.
 
The shares ended at $1.28 today before the results announcement, compared to their record close of $1.30 in December. Fischer’s target price for the stock is $1.30, according to Bloomberg data.
 
‘SHOWED RESILENCE’
“The gaming operator’s new flagship integrated resort Resorts World Sentosa made an impact, raising the group’s Ebitda,” Genting Singapore said in a media release. “With the opening of Marina Bay Sands, our business showed resilience,” the results filing said.
 
Monthly tourist arrivals in Singapore exceeded the 1 million mark for the first time in July, aided by the opening of two casino resorts, according to data from the tourism board. Two-thirds of the visitors to Genting Singapore’s casino in the city-state came from overseas, President Tan Hee Teck said in the media release.
 
Parent Genting Bhd., which holds 52% of Genting Singapore, said in July that it would buy the Singapore affiliate’s U.K. casino businesses for 340 million pounds ($722.3 million). Genting Singapore owns and operates 46 casinos in the United Kingdom, according to the media release.
 
Genting Singapore will hold an extraordinary shareholders’ meeting on Aug. 18 to approve the sale, the media release said. The company “plans to focus on its large-scale, integrated resort operations in Singapore and similar-natured opportunities in the region,” it said.
 
 
leoleo
    12-Aug-2010 20:56  
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tmr will pick some more b4 going higher.
 
 
cathylmg
    12-Aug-2010 20:42  
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R u going? Remember to update us here hor? Thanks in advance.

pharoah88      ( Date: 12-Aug-2010 17:36) Posted:



CIMB Securities  is conducting

Genting Singapore Investors' Meetings

on  Genting Singapore's Outlook ?

 
 
jm2212
    12-Aug-2010 20:01  
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i rec'd this also..... surprise to have such seminar, and is just before the EGM which is on the 18th Aug
 
 
pharoah88
    12-Aug-2010 17:36  
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CIMB Securities  is conducting

Genting Singapore Investors' Meetings

on  Genting Singapore's Outlook ?
 

 
freeme
    12-Aug-2010 17:34  
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their earning looks impressive.. no wonder sg gov wan casino in sg
 
 
pharoah88
    12-Aug-2010 17:34  
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GENTING  DARK  BELLY  DANCING

Since  LAST  WEEK  ?

 
 
pharoah88
    12-Aug-2010 15:48  
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One  AMMO  DUMP  is  OUT

pharoah88      ( Date: 12-Aug-2010 15:23) Posted:



Friday:  12 AUGUST 2010

14:17:57   S$1.28   16,544,000   SOLD  To  BUYER

CASH  CONVERSION

 

 
 
AnthonyTan
    12-Aug-2010 15:43  
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Very smart investors, buy low sell high = profit $$$$$$

pharoah88      ( Date: 12-Aug-2010 15:23) Posted:



Friday:  12 AUGUST 2010

14:17:57   S$1.28   16,544,000   SOLD  To  BUYER

CASH  CONVERSION

 

 
 
pharoah88
    12-Aug-2010 15:27  
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CASH 

is  nEEded 

tO  dEplOy

CFDs

? ? ? ?
 
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