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CLSA issued a report this morning..
genting a $3 stock.. haha.. unbelievable..
valuations getting more n more ridiculous..
My friend say ... they are killing shorties :) A shield is there for Genting as i have mention many days ago. $1 is here to stay. Unless they breach $0.98.
Huat ah :)
Genting shorties will be working today !
SINGAPORE: Macau, the only city in China where casino gambling is legal, is reeling from the current economic slowdown. Macau's economy contracted for the third straight quarter for the three months to June, shrinking by 13.7 per cent. In real terms, Macau's economy has fallen by 13 per cent for the first half.
Macau's fortunes are very much tied to the gaming tables and tourist business that it attracts. As a result, there is a high degree of risk for Macau's economy because of its over-reliance on these twin sectors.
jng1103 ( Date: 01-Sep-2009 10:56) Posted:
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In view of the IR story, this one is very likely to have more meat to go...
This is another market darling baobei for many people altready...
Hulumas ( Date: 01-Sep-2009 20:31) Posted:
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It may then head for 1.20 or beyond...
And then many people will do a "Lim" at that point...
Who is so foolish as to hold when they've become rich ( hold till 1.80) ?...
limkt009 ( Date: 01-Sep-2009 14:33) Posted:
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Three huge lots of selldown after 2pm
- 5612M, 4717M, 1000M @102c
0210 GMT [Dow Jones] STOCK CALL: Macquarie raises Genting Singapore (G13.SG) target price to S$1.14 from S$0.70, after adjustments to discounted cash flow valuation to reflect improved prospects; "Genting Singapore's recent outperformance will likely persist, as it continues to execute on Sentosa. As we near the January 2010 opening, project risk should decline and earnings visibility increase." Increases FY10 earnings forecast by 160% to S$457 million to assume 12-months' worth of earnings from Sentosa project vs 6-months' previously. Keeps Outperform call. Stock +1.0% at S$1.02. (FKH)
Genting share is like internet gambling..
don't get caught playing russian roulette
Cleared all my holdings at 975c-995c. No regret. Do not think it will hold above the water level of $1.20 for long... Will collect again if it falls below 85c...
Just my personal views.