Genting Sing    Last:0.73   -

GenSp starts to move up again

MACQUARIE  BANK  LIMITED

The Singapore Gaming Market

is Ramping up Nicely at

an estimated US$3.3-3.6bn annualised.

pharoah88      ( Date: 29-Jul-2010 11:21) Posted: Genting Singapore is a SWEET  YOUNG THING  [SWT] with  MANY  MORE  SPRINGS to  BLOOM

 

老牛吃嫩草

niuyear      ( Date: 29-Jul-2010 12:35) Posted: It means? pharoah88      ( Date: 29-Jul-2010 11:27) Posted: Tender Grass PiCked Up  by OLD  BULL(s)

 

It means?

pharoah88      ( Date: 29-Jul-2010 11:27) Posted: Tender Grass PiCked Up  by OLD  BULL(s)

 

ALL  WARRANT  HOLDERS  MADE  GOOD  PROFITS  ?

Macquarie Genting Warrants

Trading Call Warrants (Short term bullish view)
GentingSMBLeCW101102 (LD3W) exercise price $0.950.*
GentingSMBLeCW100903 (K1TW) exercise price $1.10.*
GentingSMBLeCW101203 (LQ4W) exercise price $1.25.*


Long Dated Warrants (Long term bullish view)
GentingSMBLeCW120402 (J2UW) exercise price $1.15.*

 

 

12:09:44 102 lots

 

Yesterday, Genting Singapore's competitor Marina Bay Sands (not listed) reported its 2Q10 result, which showed strong EBITDA and may lend an insight to Genting Singapore's earnings, due to be released mid August. Below are some of the comments Macquarie Research Singapore (MRE) makes of the results...

 

US$216m revenue in 65 days
MBS reported US$216.4m net revenue for the 65-day period of trading, and US$94.5m EBITDA. Normalising for a lower win rate, normalised revenue was US$242.4m. This annualises to US$1.36bn revenue and US$530m EBITDA. Casino revenue was US$190.8m or 88% of total. Based on our analysis of the industry, the revenue is rather short of expectations, but the EBITDA was in line with the company's previous comments. The EBITDA margin was higher at 44%.


Rolling chip (VIP) made up 44% of total casino win
This is in line with MRE's expectation that the Singapore market is about 50:50 VIP:mass. The win rate was 2.18%. On a normalised basis, assuming 2.7-3.0%, casino revenue would have increased US$20-32m.


Sentosa appears to have 60-63% market share
The daily normalised revenue of S$4.8m is somewhat smaller than MRE's expected S$7-8m for Sentosa. Based on these numbers, Sentosa is taking 60-65% market share. This is in line with MRE's table counts.

 
MRE targets $1.40 on Genting
MRE maintains their Outperform rating on Genting Singapore. The Singapore gaming market is ramping up nicely at an estimated US$3.3-3.6bn annualised. Profitability appears to be high given MBS' 44% EBITDA margin, which is higher than MRE's 35% assumption for Sentosa. MRE has a 12-month target price of S$1.40 for Genting Singapore PLC based on DCF, or implied EV/EBITDA target of 13x 2011E.



Macquarie Genting Warrants

Trading Call Warrants (Short term bullish view)
GentingSMBLeCW101102 (LD3W) exercise price $0.950.*
GentingSMBLeCW100903 (K1TW) exercise price $1.10.*
GentingSMBLeCW101203 (LQ4W) exercise price $1.25.*


Long Dated Warrants (Long term bullish view)
GentingSMBLeCW120402 (J2UW) exercise price $1.15.*

 

just omplete sold off my holding this morning ....left the rights that subscribe in 09 09.



 

 

freedom of speech mean he have the right to say, as long as he didn't insult anyone...

actually what interest me in this post, is you keep shouting since 1+

i really hope to continue to see you shouting here... It is a sign of this stock price keep going up...

AnthonyTan      ( Date: 29-Jul-2010 11:37) Posted: Freedom of speech does not mean that you can just simplify pluck any figures in the air and say that the share price can touch that price. Have you see a bull shit?????? We can it bullshit, hahaha

 

Freedom of speech does not mean that you can just simplify

pluck any figures in the air and say that the share price can touch

that price. Have you see a bull shit?????? We can it bullshit, hahaha

 

Will try 10 lots today at 1.29 and hope to make some profits when the price shoots.  Should I go in now?

 

Tender Grass

PiCked Up  by

OLD  BULL(s)

 

Of late,  i saw more people  marching to the  bank and smiling all the way..... very happy sign.   good lar..

AK_Francis      ( Date: 29-Jul-2010 11:13) Posted: Ha ha, time frame, individual performance n market sentiment r the call. Difficult to determine px high or low, now n then. Again, experience n vigilant r ugmost important, for trading n investing. AK recommended collegue auntie to buy ds burger while I still in service. She invested ard 120 lots, if not mistaken, px ard $0.86. She kept till day before yesterday n dumpped all , I think at least at 1.26. She marches to the bank liao. Cheers.

 

Genting Singapore

is a

SWEET  YOUNG THING  [SWT]

with  MANY  MORE  SPRINGS

to  BLOOM

 

Very inspiring. Wish I could hold for 40 cents profit.  Checked all stocks held, never happened but those sold happend, don't know why.

AK_Francis      ( Date: 29-Jul-2010 11:13) Posted: Ha ha, time frame, individual performance n market sentiment r the call. Difficult to determine px high or low, now n then. Again, experience n vigilant r ugmost important, for trading n investing. AK recommended collegue auntie to buy ds burger while I still in service. She invested ard 120 lots, if not mistaken, px ard $0.86. She kept till day before yesterday n dumpped all , I think at least at 1.26. She marches to the bank liao. Cheers.

 

only people who do not understand the Market or Share Counter will make all sorts of "funny twisted" comment....anyway, there is always the freedom of speech and we respect that....remember that our target and advice is always PRECISE and with NO HINDSIGHT....remember Market is always Right!!! good luck :)

 

SIA PRiCE was flying High in 2009 when it was STiLL losing mOney . . . .

For a LOSS company, that 2009 PRiCE  was  VERY VERY HiGH . . . .

niuyear      ( Date: 29-Jul-2010 11:13) Posted: Ｐｈａｒｏａｈ８８，　ｙｏｕｒ　ｑｕｏｔｅ　： ＂＂＂＂＂＂＂＂＂＂＂SIA  PRiCE was flying when it was STiLL  losing money . ＇＇＇＇＇＇＇＇. .   SIA where got lose money? pharoah88      ( Date: 29-Jul-2010 11:09) Posted: In an OPEN  COMPETITIVE  FREE  MARKET, even  Warren Buffett, CitiGroup, AiG, BP could nOt  determine and HOLD their  DESIRED PRiCES . . . .   bUt, in a "BONSAI"  market, MARKET MAKER  determines and HOLD  their DESIRED PRiCES . . . . . . . . - SIA  PRiCE was flying when it was STiLL  losing money . . . . - NOL PRiCE had DOUBLED when it is STiLL  submerged in LOSSES . . . . - Informatics  PRiCE  BUBBLED  frOm  S$0.050  to  S$0.125  when its FUTURE is STiLL dIre . . . . - Bund Centre PRiCE  FOAMED  frOm  S$0.250  to  S$0.625  when its buildings are Old and Haggard . . . . - Singapore Banks' PRiCES INFLATED despite their Growth Limit is up to AGE without further prospects . . . . .

 

Ha ha, time frame, individual performance n market sentiment r the call. Difficult to determine px high or low, now n then. Again, experience n vigilant r ugmost important, for trading n investing.

AK recommended collegue auntie to buy ds burger while I still in service. She invested ard 120 lots, if not mistaken, px ard $0.86. She kept till day before yesterday n dumpped all , I think at least at 1.26. She marches to the bank liao. Cheers.

 

flOOd  FestIval  2010  

just befOre YoG

alooloo      ( Date: 29-Jul-2010 10:50) Posted: should be mid or late August. Still a few weeks time... hard to tell... how much movement (or volatile) can this stock be.... but i believe, report should beat estimation... so many months or record visitors to singapore....  do you really think they come here to watch "orchard river" ? sbkm999      ( Date: 29-Jul-2010 10:29) Posted: haha..tis few wks? may i know when its quarter report out? soon?

 

Ｐｈａｒｏａｈ８８，　ｙｏｕｒ　ｑｕｏｔｅ　：

＂＂＂＂＂＂＂＂＂＂＂SIA  PRiCE was flying when it was STiLL  losing money . ＇＇＇＇＇＇＇＇. .

 

SIA where got lose money?

pharoah88      ( Date: 29-Jul-2010 11:09) Posted: In an OPEN  COMPETITIVE  FREE  MARKET, even  Warren Buffett, CitiGroup, AiG, BP could nOt  determine and HOLD their  DESIRED PRiCES . . . .   bUt, in a "BONSAI"  market, MARKET MAKER  determines and HOLD  their DESIRED PRiCES . . . . . . . . - SIA  PRiCE was flying when it was STiLL  losing money . . . . - NOL PRiCE had DOUBLED when it is STiLL  submerged in LOSSES . . . . - Informatics  PRiCE  BUBBLED  frOm  S$0.050  to  S$0.125  when its FUTURE is STiLL dIre . . . . - Bund Centre PRiCE  FOAMED  frOm  S$0.250  to  S$0.625  when its buildings are Old and Haggard . . . . - Singapore Banks' PRiCES INFLATED despite their Growth Limit is up to AGE without further prospects . . . . .

 

I won't buy now, because if I buy the BB will push down for me to lose money first before they move the price up again. Fantasy, don't know. So scared. Cheers to those who buy to keep for long term