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GIL & SC would have checked whether it was right to do it, while S'pore Govt has its duty to scrren. Short sellers will be burnt if they interpret it as negative news.
Not SGX, but the government have the authority to do a screening..
Rumour entirely baseless. SGX has got no authority to query SC or GIL about SC's recent deal with Stanley since it's a biz deal. Am sure GIL&SC will not violate the terms for the award of the IR project and risk being financially penalised.
I think Genting is not a fool to play play with their S$6 billion contract by inviting Stanley Ho to take 10% stake if knowing that it woul jeopardise their contract with SG govt....thus, with a little announcement by Genting, the counter will regain its position upwards.
Good luck to those contra punters who short it.....!!
So what to do now? Hold on and wait or cut loss?
Dear Wait4opp,
It is so common, the sources of the rumours usually should contain purely to their personal interest, one of the main reasons, they have most probably missed the boat!
Moody gonna downgrade SC "B1" rating.
| ||||||||
| HONG KONG (XFN-ASIA) - Star Cruises Ltd's "B1" corporate family rating has been
placed on review for a possible downgrade, Moody's Investors Service said. The review has been prompted by SCL's announcement that it and Genting International plc, a subsidiary of Genting Berhad, will acquire a 75 pct stake in Macau Land Investment Corp, which will in turn develop a hotel and casino project in Macau. "This greenfield project, involving a total estimated cost of around 4.7 bln hkd, will increase SCL's financial leverage, development and execution risks, and capital requirements in the near and medium term," said lead analyst Kaven Tsang. The challenging operating environment for SCL's cruise ship business and its already high financial leverage are other factors contributing towards the rating action, Moody's added. roby.lau@xfn.com | ||||||||
someone rumours that GT and SC get query by SGX the deal between S.Ho and them.......
Bad and will go all the way back to 50cents and 32 cents...
Be ware
Dear Readers,
Sorry, I missed the word 'think' on the previous posting. It should read Don't you think Genting and Star Cruises....................
Dear Readers,
This time round, sand is the main issue, but it is definitely a wrong negative impact. It is no big deal, sand can be solved out, just importing from Malaysia?? Don't you Genting and Star Cruises, has no big contribution to its own country of origin i.e. Malaysia. The market worry is simply groundless!!! I buy again at this price.
I am so disappointed vested @0.57 but....... anyone knows why like that, go up 1st morning and crash all the way down!! same patterns for genting/star Cr......must be the same punters playing these two counters!
Dear Hikitty,
Let the market goes whatever it goes, contra short seller will offer me a better buying opportunity at the lower price. I am so certain, the price will go up along with the IR project hyper prospective project, as I said about equivalent Sgd.10.00 or above at its peak, while completing the IR project commencing running into its business!
Game not over for SC. Accumulating for the next breakout. A lot of room for price to rise? Pse don't play contra as that would be the shortest route to suicide.
Genting Group has teamed up with Stanley Ho that will enable the Malaysian casino and hotel operator to penetrate the lucrative gaming market in Macau.
Genting will collabroate with Ho in a HK4.7 billion (US$602.3 million) hotel/casino project through a deal that the group's Star Cruises has stitched up with the gaming tycoon.
In a statement on Monday, Star Cruises said it will construct a hotel in Macau through its subsidiary, New Orisol.
Star Cruises has a 75% stake in New Orisol, with the balance in the hands of Genting's overseas investment arm, Genting International.
Star Cruises is acquiring a 75 per cent stake in Macau Land Investment Corp for HK$1.46 billion. Macau Land owns a piece of land in Macau on which it will build a boutique hotel, "Resorts World at Macau", which includes a casino on its premises by 2009.
Star Cruises said it has also signed an agreement with Ho's gaming company Sociedade de Jogos de Macau, which will operate a casino in the hotel.
In turn, Ho will acquire a stake in Star Cruises which analysts said will allow the tycoon to participate in the Genting group's $5.2 billion casino resort project on Sentosa Island.
"Macau is the fastest growing leisure entertainment and hospitality market in the world and will be a prime beneficiary of the increasing affluence in Asia," Genting International said.
"The company, as a gloabl leisure entainment and hospitality player views Macau as a good investment opportunity," it said.
"Hence the investment in New Orisol will provide synergy and greater access to North Asia market and will benefit the group's investment and marketing activities in Singapore, United Kingdom and Malaysia."
Short sellers could be trying their luck this morning to make kopi$$$. This could also explain why the share seems to be dipping slightly. Aiyah - salute the daredevils who will be scalded to death by the operators who take position on SC. Contra long or contra short playing can sometimes be suicidal!
An article abt macau's casino business...
http://www.nytimes.com/2007/01
I do belive sc, gen int, capitaland are all doing the rite thing to be involved in the growing macau's casino business.. over long run, all these counters will reward the patient investors.
http://www.nytimes.com/2007/01
I do belive sc, gen int, capitaland are all doing the rite thing to be involved in the growing macau's casino business.. over long run, all these counters will reward the patient investors.
Dear Hikitty,
I agree that is one common way of explanation most probably. I hope buying today and keep for several years, it will give you several folds reward, I strongly believe its business prospect, which in some larger extent goes along hand in hand with strong progressive economic growth locally i.e. uniquely Singapore, regionally as well as globally. Keep buying and hold for hyper long term please!!
Hi lg1167 & all
Operators have to clear the contra players b4 trying to move the share upwards. Rather irrational to think that all those who bought yesterday are all going to lose or are contra players. Don't always hope to make kopi $$$ on any share through contra play despite the high trading volume - it's not that easy..
Operators have to clear the contra players b4 trying to move the share upwards. Rather irrational to think that all those who bought yesterday are all going to lose or are contra players. Don't always hope to make kopi $$$ on any share through contra play despite the high trading volume - it's not that easy..
Agreed. Analyst's report is for information, it should be taken not only with salt but with sugar as well.
Dear Lg1167,
It is common, none of the stock counters in this world without fluctuation in its price, especially after surging substantially, however, I shall treat it a very good buying opportunity with this price level now, for further gain along with the time goes by!!! I buy some again today.