Genting Sing    Last:0.705    -0.005

GenSp starts to move up again

 Post Reply 22741-22760 of 23260
 
jing77     13-Aug-2009 09:07  
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up up up...
 
 
AK_Francis     13-Aug-2009 00:17  
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Yah, vol very high, a bit kiah kiah, Ah Lim may launch an ambush again.

But no venture no gain leh. OK, chooses to be Commando to raid liao, as weather now quite fine loh, double or quit, he he.
 
 
risktaker     12-Aug-2009 23:37  
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Another 3-5 cents more. If reached $0.925 by this week then you guys better careful.
 

 
jing77     12-Aug-2009 23:34  
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it is abit on the overbought side.. but who knows? during bullish times, overbought may last for quite long b4 it corrects..
 
 
AK_Francis     12-Aug-2009 23:31  
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Yah, a bit panic, while it touched 90cts. Heng heng listen to sifus n MFTs, hold d cow for greed loh. Cheers.
 
 
jing77     12-Aug-2009 23:18  
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will genting still chiong tmr? lol.. recently chionging on its own.. scare run out of fuel..
 

 
ljkeong     12-Aug-2009 17:50  
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Target price is $1.20. Still many good news ahead.  
 
 
dealer0168     12-Aug-2009 17:20  
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I think we may see $1.
 
 
risktaker     12-Aug-2009 17:18  
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Yes still room to grow the shorters havent cover all shorts position yet. 

cathylmg      ( Date: 12-Aug-2009 17:14) Posted:



I wonder anymore rooms up for this one.

 
 
cathylmg     12-Aug-2009 17:14  
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I wonder anymore rooms up for this one.
 

 
el7888     12-Aug-2009 16:55  
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Your wish came true. Today reached 0.9.

dealer0168      ( Date: 12-Aug-2009 13:24) Posted:



Genting SP make hit 0.90 by this week. Hosay liao.......

Cheong ah cheong ah............sha sha sha

 
 
el7888     12-Aug-2009 15:06  
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It is interesting to see the battle between the 2 groups of funds managers working so hard on this counter.

BIG war is going on right now!



risktaker      ( Date: 11-Aug-2009 20:51) Posted:

Its been a battle between 2 groups of funds since last week, where funds managers decided to step in to counter the shorters. Seems like the - shorters are trying very hard to suppress the price unsuccessfully.

The funds manager will continue its counter action till a point where the shorters run dry. Pretty much within these 2 days if the funds keep pushing up the shorters will be forced to cover its position. You gonna see genting above 90 cents when this happen, unless the funds manager decided to give them some chance.




waterfalls      ( Date: 11-Aug-2009 15:50) Posted:

Genting Singapore

Initiation Report by JP Morgan

Overweight

Playing it forward

Price: S$0.82 Price Target: S$1.20

Company data

52-wk range S$0.32-0.91 Mkt cap (S$MM) 7,861.8 Mkt cap (US$MM) 5,459.6 Share Outstanding (MM) 9646.4 Free float (%) 39.4 Avg. daily volume (MM) 98.6 Liquidity (S$MM) 68.6

Genting Singapore is our top pick within the group

Rating PT Upside

Gent Sing OW S$1.20 47%

Gent Bhd OW M$8.50 35%

Gent Msia OW M$3.50 21%

Source: J.P. Morgan.

•

potential upside: We initiate with OW and a Jun-10 PT of S$1.20, implying 47%We believe Genting Singapore (GS) is in a dominant position as it is one of the only two companies with the right to develop and operate an integrated resort (IR) in Singapore (and will maintain this duopoly at least for the next 10 years).

• Building bullish expectations on IRs: (1) We believe IRs help the objectives of the Singapore government, which aims to double visitor arrivals by 2015; (2) with annual tourist arrivals of 10MM (+35MM transiting), Singapore already has the numbers to support two IRs (RWS expects 60% foreign visitors); and (3) a wide catchment area of 700MM people living within a 5-hour flight. Based on the Macau and Las Vegas experience, new casino openings should grow the casino industry pie.

• Run-up to the RWS opening could prompt a share price re-rating:

LVS, Galaxy, and Wynn’s share prices rose 14-85% before and after their casino openings (see page 12). We believe Genting Singapore’s share price could see a similar trend. RWS can leverage Genting Group’s established customer network and management expertise whileRWS’s Universal Studios is also the only branded theme park in Southeast Asia. For FY12, we estimate RWS to have casino revenue of US$1.7B (when the IR is fully completed). Assuming a market share of 40%, this translates into a Singapore casino market size of US$4.3B, which is 4x the size of Malaysia’s and a quarter of the size of Macau’s.

We also assume 7.5MM visitors to Universal Studios in FY12 (compared to 8-9MM visitors to Universal Studios, Osaka).

•

EV/EBITDA. This is a concept stock which we think could trade over S$2 using bullish assumptions.Valuation, PT, and risks: Our June-10 PT of S$1.20 is based on our SOTP valuation, in which we value its Singapore business at 14x FY12E



 
 
dealer0168     12-Aug-2009 13:24  
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Genting SP make hit 0.90 by this week. Hosay liao.......

Cheong ah cheong ah............sha sha sha
 
 
iPunter     12-Aug-2009 13:11  
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This one is having some good fungsui at the moment...  Smiley
 
 
TuaPekGong9413     12-Aug-2009 10:38  
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wonder the price shoot so high wait got another round of  discount sale from lim or issue rights....haha
 

 
mortal_azazel     12-Aug-2009 10:26  
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Seems like Genting SP really moving towards dollar soon ....
 
 
risktaker     12-Aug-2009 09:42  
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seems to be showing no mercy from the funds manager. Shorters getting pretty much .....

limkt009      ( Date: 12-Aug-2009 09:37) Posted:

It's 89c now...power is there.

 
 
limkt009     12-Aug-2009 09:37  
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It's 89c now...power is there.
 
 
el7888     12-Aug-2009 09:27  
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Another powerful day. Now reach 0.875
 
 
ljkeong     11-Aug-2009 21:25  
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Seem big buying spree by many funds manager might last for few days. Hopefully will go up above $0.90 or hit to $1.00 this week.