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Sands result no good, thats why drag down Genting today ...
perhaps if you wan to get genting at lower price, this will be the opportunity ...
monitor for few more days....
pong cek liao.....................ZZZZZZZZZZZZZzzzzzzzzzzz
DBS want to sell and Phllip want to buy...
http://www.remisiers.org/cms_images/research/Sep17-Sep21_2012/Gent09202012.pdf
toheewing ( Date: 20-Sep-2012 12:30) Posted:
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Looking at different angle could be they have found another better place to put that money, just anyone guess for now.
Bopanha ( Date: 20-Sep-2012 10:02) Posted:
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If gaming stock cant make money , that means, Prostitution booming again?
Shall we go for Vice investment when people stop going casino?
风 水 轮 流 转 ??
DBS ups Genting Singapore target price
Reuters
DBS Vickers raised its target price for Genting Singapore PLC to S$1.45 from S$1.17 and kept its 'hold' rating after the casino operator said it was selling a 4.8 per cent stake in Australia's Echo Entertainment Group Ltd.
By 0253 GMT(10:00 am local time), Genting shares were down 0.4 per cent at S$1.405 and have dropped 7 per cent so far this year, compared with the Straits Times Index's 15.7 per cent rise.
The development is positive as Genting's stock was sold down on concerns about Genting getting entangled in an expensive takeover tussle against Crown Ltd, which owns 10 per cent of Echo, DBS said.
However, DBS said it expects softness in Singapore's gaming business to continue, given the cautious lending to VIPs and slower growth in tourist arrivals.
Source: http://business.asiaone.com/A1Business/General+News/Story/A1Story20120920-372680.html
I believe many shortists will take this opportunity to short GenSp on hearing the sale of Echo at a " small" loss to initial investment. Maybe the directors thought it is better to get cash even at a loss than to hold on the shares. You use your own money, no problem you use others', you need to pay high interests. So which is better?
Shortists also put themselves at risk since the Casino is beefing up its resort and going all out to boost VIP gaming customers (Don't call rich people gamblers, they are risktakers, hahaha) visitations.
coolsan ( Date: 19-Sep-2012 21:58) Posted:
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From CIMB Research:
Genting Singapore (GENS) has put its 4.8% block of Echo shares on sale indicating that it no longer has any strategic intentions into the Australian market. This is positive news as investors could not appreciate why GENS should be involved in this initiative.
sold Echo at a loss ..sickening .. at this are investor's hard earned money !!
Genting Andrew's Pitchfork Support and Resistance
Andrew's pitchfork sometimes referred to as median lines consists of two powerful support/resistance lines with a middle line that can serve as both support/resistance. The upper resistance of the red pitchfork and the middle median line of the blue pitchfork are currently being tested. A successful breakout above these two immediate resistance lines will propel price towards the upper boundary of the blue pitchfork. Take note of the immediate resistance zone formed by the blue dotted lines as price must breakout and stay above this zone for the rally to continue. Failure to remain above the blue dotted zone will probably result in a retracement towards the red and green dotted support zones if the lower support boundary of the blue pitchfork does not hold.
Updated chart available at http://tactcharts.blogspot.sg
http://www.nasdaq.com/article/genting-singapore-to-sell-entire-48-stake-in-australias-echo-entertainment-20120919-00101
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Many who are playing the Stockwhiz game will be " tarn tio" (untong)... lol...
wesely2k ( Date: 19-Sep-2012 10:10) Posted:
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