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LVS had bandon Macau prt n focuses on IR, but partial prt were delayed, owing to short of cash.
GenInt, FY08 revenue fell 14% due to d lower biz vol, particular in UK n lower interest income. Co reduced losses by 67% attr to a lower impairment loss on goodwill.
D recent recruitment needs extra cash to train d new staff, in local n O/S. Not easy to refinance fr d 3 local banks. Where to get cash????? Right on top, could be only one Issue.
Above no calling, for sharing only.
MGM and LVS both also doing casino business n their stock is flying.. maybe this will follow suit...
About profit taking time....sell into strength and buy into weakness
Back to rights issue's price at 60 cts, Casino opening 1st Q next yr & anytime will announce issue of licence.looks like Hello kitty trend coming.Kia Soo- queue so early.
What happened to this counter? Its up up and aways since last week...
The probable trend of this counter's pattern is rather clear...
Downgrade to SELL. Even with RWS' soft launch in early 2010, we believe
that any meaningful contribution will probably come towards the later part
of 2010. Although the share price has been pretty resilient at around
S$0.425, we think that the market may have run ahead of itself, given the
still muted outlook for its casino operations. With our fair value still at
S$0.33, which translates to a possible 22.4% downside risk from here, we
downgrade our rating from Hold to SELL.
OCBC 20Feb09
FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2008
('000) 2008 vs 2007
Loss -124,803 vs -382,828
Only with deep pocket....Buy / Sell or Hold...Happy investing...Ya.
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Gentings father Genting Bhd got money, own plantation, pwr station, hotel chain(Resort world), oil rig, oil exploration, properties, star cruises & many more. Early last year, heard that that they strike oil in Indonesia when oil price was rocket high & the amount calculated was more then enough to cover the construction of RWS. Genting had a share buy back at 35 to 50 cts after their right issue of 60 cts. Maybe they will push the share price up, take profit & buy over gaming company in Macau, UK or USA. See how the Chinese genes of Lim Goh Tong still exist in his son?
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AK_Francis ( Date: 20-Dec-2008 19:08) Posted:
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Agreed, acc when there is good bargain. Vested as well.
Eddyson ( Date: 20-Dec-2008 14:15) Posted:
| Next month Singapore government give out goodies, things like reduce corporate tax, gaming tax, property tax, lower entertainment fees, foriegn workers levy, utilities bill, airport tax, maybe GST, all of these will benifit Genting int's operation.The price will return back to it's right issue price of 60cts.Fully invested & will accumulate on downtrend. |
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Agreed, acc when there is good bargain. Vested as well.
Eddyson ( Date: 20-Dec-2008 14:15) Posted:
| Next month Singapore government give out goodies, things like reduce corporate tax, gaming tax, property tax, lower entertainment fees, foriegn workers levy, utilities bill, airport tax, maybe GST, all of these will benifit Genting int's operation.The price will return back to it's right issue price of 60cts.Fully invested & will accumulate on downtrend. |
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Next month Singapore government give out goodies, things like reduce corporate tax, gaming tax, property tax, lower entertainment fees, foriegn workers levy, utilities bill, airport tax, maybe GST, all of these will benifit Genting int's operation.The price will return back to it's right issue price of 60cts.Fully invested & will accumulate on downtrend.
Gentings father Genting Bhd got money, own plantation, pwr station, hotel chain(Resort world), oil rig, oil exploration, properties, star cruises & many more. Early last year, heard that that they strike oil in Indonesia when oil price was rocket high & the amount calculated was more then enough to cover the construction of RWS. Genting had a share buy back at 35 to 50 cts after their right issue of 60 cts. Maybe they will push the share price up, take profit & buy over gaming company in Macau, UK or USA. See how the Chinese genes of Lim Goh Tong still exist in his son?
Remember that one day, Mark Berrnets announcement, the share just cheong up from 60cts to 67cts with no logic?
Ang Moh, just like any other Ang Moh, buy more than what they can affort & pay later with credits, which now let to the crisis in USA. No money to pay, default only, that’s their styles.Don't forget that Genting also bid for Marina bay, if no confident where they can bid for the two Casino at one go.
sands in trouble, then Gen't not in trouble......?
As paper stated that Gent will only commence opt 6 mths after Sands.
Now, with Sand impending financial issue, Gent is now in upper hand.
So, what to do with this burger nest Mon???
never know, nobody expected sands to get into financial trouble as well...
Have forgot to state that Genting's right issue was SGD$2.3 billion.One more extra 0.3 billion.
Singapore, 11 February, 2008 – Resorts World at Sentosa Pte Ltd (RWSentosa) announced today that it has secured S$4 billion credit facilities for its integrated resort development, Resorts World at Sentosa (RWS), in Singapore.
The credit facilities would fund two-thirds of the company's S$6 billion project cost, with the remaining to be funded through equity raised from RWSentosa’s parent company’s, Genting International, successful rights issue in 2007. The credit facilities were obtained on 6 February 2008.
Five local and international banks - DBS Bank, Oversea-Chinese Banking Corporation, Hongkong and Shanghai Banking Corporation, Royal Bank of Scotland and Sumitomo Mitsui Banking Corporation - will underwrite, bookrun and arrange the syndication of the loan, which tenure extends to end 2015. The syndication will be among the largest ever undertaken in Singapore.
Genting have not fork out a single cent for constructing RWS & all major contract with mat’l were secured before the crisis started. There were talks that Genting Berhad is negotiating to sell one of its pwr station. Will Genting be eyeing on buying other gaming company in Macau, UK or even USA?
Hi, this stock is very active today, trading between 0.385-0.395. something brewing? gd time to enter? thks.
