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I went 2 tell my grandmum dat sm experts in Sharejunctions said dat Genting SP target price's only 0.68. So I hurriedly asked her 2 sell tmr early morning. Guess wat my grandmum said...
"If Genting SP up once sold! U pay me e diff huh!" : (
Hey guys, financial market full of risks, don't be fooled by rumours. Let's cool down and do some analysis from the report by Goldman:-
1) Target price 0.68??
It is 30% less than current price! If you monitor Genting sp closely, you should know don't say 2%, it is difficult for the share to drop 2 cent from now. How can it be 0.68 after the casino opens as the target price even lower than during the construction price?
If it drops to 0.68, do u know how much genting bhd will lose? How can the parent company allows it to happen!
2) Genting sp price overvalue last 6 months??
Generally, almost every shares around the world go up last 6 months, don't fool us!
3) Tight regulation on junkets??
How to know it must be tight regulation on junkets now?? If you know the low casino tax in Singapore, you should know the government's commitment in developing the casino industry in the country, especially to attract the VIP guests from 'overseas'
Instead of the news about regulation on junkets, the coming news should be about the soft opening, grand opening and awards of license.
Comments:
Goldman's report is to highlight that may be a adjustment of share price after the share rally which is commonly known by us. So don't be fooled by the tricks in mis-interpreting the news. Today many transactions done when close to the opening time. The share transaction volume and price will go higher and higher after all the news of soft and grand opening been released...
The last transaction is a consolidated one. Not 1 seller and 1 buyer only. Do not be confused.
stevenk ( Date: 14-Dec-2009 17:08) Posted:
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hi all, please take note. 1 big chuck of 4.4M shares sold at 5.05pm. most likely, it is a institution sell. please make your own judgement call.
yep we already know the pattern of these analysts...in the first place...really dun really understand why we shld actually even read their bias "false" reports of targeted price...
they can say whatever they want to and change their views almost the next instant
kakigenting ( Date: 14-Dec-2009 16:50) Posted:
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Finally we got 1 negative report : )
If report can mean the price.....wow....last month $3, this morning $1.5 and afternoon 0.68???
Smart investors, you should have your own judgment.
Whatever financial analysts reports you read, end of the day YOU DECIDE.
You make your own decision.
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0758 GMT [Dow Jones] STOCK CALL: Genting Singapore (G13.SG) looks expensive, says Goldman Sachs; reiterates Sell rating and S$0.68 target price, moves stock onto Conviction Sell List. Says Genting trading at FY11 EV/EBITDA multiple of 14X, which makes it most over-valued gaming stock globally. Notes gaming stocks tend to underperform post casino opening, Genting's Resorts World Sentosa (RWS) set to open early 2010. "Genting Singapore's strong pre-casino opening share price outperformance (past 6 months) technically suggests major underperformance risk, and we see major downside given rich valuations." Adds, Singapore government should release regulations on junkets (organized group visits to casinos) soon, warns if these prove restrictive, could limit VIP gaming demand. Shares last flat at S$1.08 vs STI +0.3%. (KIG) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com |
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jm2212 ( Date: 14-Dec-2009 15:59) Posted:
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Holding well despite the report from GS, Genting Rocks !!!!!
With Genting Singapore set to open (Jan. 2010). GS adds Genting Singapore onto its Conviction Sell list with a 12-month NAVbased price target of S$0.68. Catalysts: (1) release of junket regulations; (2) LVS announcing the MBS launch date; (3) both Sentosa and MBS opening Jan./end-1Q2010, respectively; (4) weak 1Q2010 results.
mal3810 ( Date: 14-Dec-2009 14:01) Posted:
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sharez ( Date: 14-Dec-2009 13:57) Posted:
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From what I understand the difference is due to the time period. $1.5 near term and $3.00 further down the road.