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Genting Sing    Last:0.7    -0.005

GenSp starts to move up again

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iPunter
    11-Aug-2009 00:10  
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It's rather eerie, since there are 3 tablet-looking images in the background ... Smiley
 
 
AK_Francis
    10-Aug-2009 19:49  
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AK opines that its just figure issue. Says, 100mil vs 6 billion project. Moreover, it will affect 10,000 workers, in time to come, esp under current buoyant economy situation loh.
 
 
cheongpeter
    10-Aug-2009 10:31  
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Resort world already as 2 construction accidents.
Any1 wonder why didnt MOM place a stop work order? They always do that when there's a site accident
 

 
Eddyson
    09-Aug-2009 14:19  
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Not very well verse with TA, but looking at Genting's share price, looks like a cup with a handle forming, i.e. a breakout is approaching.A check with MA 20 days,50 days, MACD, Slow Stochastic Oscillator & Parabolic SAR shows that a buy signal is evident.

If it's share price surge up with high volume than no horse run already, those who short, better be extra careful as Casino stock always surge when it approach it's opening of businness.Some more I heard that Wynn Resort & Sand is going to list in HangSeng this month which will affect the share price of Genting if investor compare apple to apple with Genting an extra USS.
 
 
chewwl88
    09-Aug-2009 02:53  
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hope will hit 1.2 by end of the year

 

cheer Smiley



iPunter      ( Date: 02-Aug-2009 18:48) Posted:

Many will bet it goes to $1.20 before long... Smiley

 
 
cheongpeter
    08-Aug-2009 10:36  
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researching through the performance of the company over the last few years is also very important to see if the company is profitable. Do consider their EPS and PE  too.
 

 
dealer0168
    08-Aug-2009 10:30  
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Genting SP qtr result currently is like that one. Should not have any impact to its share value. People are looking at its future value. (my opinion)

Cheers.

 
 
 
ronleech
    08-Aug-2009 10:27  
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Not necessary only when you know how to read charts then you can buy stock. Please dont mis-lead others.

Charts is for guideline, not a sure win tailsman.....

Read, hear, feel, sense and keep in touch of situation/news that will affect Singapore mkt..and one thing, dont be greedy....



iPunter      ( Date: 05-Aug-2009 16:11) Posted:

If you are not familiar with the charts, you should not be buying stocks at all, even if someone

tells you what price to buy.

Playing stocks is speculation, even experts can lose money, this don't ever ask another.

If you are still keen, spend a lifetime learning the ropes yourself.

And hope you won't lose too much money!   Smiley



loyfam88      ( Date: 05-Aug-2009 15:29) Posted:

So is it good to avoid or good to pick up at 80 cents level?


 
 
samson
    08-Aug-2009 10:08  
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SECOND QUARTER FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT

FINANCIAL STATEMENTS FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2009

PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALFYEAR

AND FULL YEAR ANNOUNCEMENTS

1(a) An income statement (for the group) together with a comparative statement for the

corresponding period of the immediately preceding financial year.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the second quarter and half year ended 30 June 2009

Second quarter ended 30 June Half year ended 30 June

2009

S$’000

2008

S$’000

Change

%

2009

S$’000

2008

S$’000

Change

%

Revenue 120,138 123,996 (3) 225,503 288,054 (22)

Cost of sales (108,088) (119,533) (10) (205,738) (276,092) (25)

Gross profit 12,050 4,463 >100 19,765 11,962 65

Other operating income 3,114 5,112 (39) 4,057 13,194 (69)

Fair value (loss)/gain on derivative financial instruments

(9,827)

9,236

(>100)

(16,568)

28,182

(>100)

Fair value gain/(loss) on financial assets at fair value

through profit or loss

505

(743)

(>100)

(723)

(937)

(23)

Administrative expenses (17,912) (11,356) 58 (32,640) (21,252) 54

Selling and distribution expenses (837) (589) 42 (1,482) (1,300) 14

Other operating expenses (481) (10,738) (96) (1,094) (12,206) (91)

(13,388) (4,615) >100 (28,685) 17,643 (>100)

Finance costs (14,434) (17,047) (15) (29,176) (35,111) (17)

Share of results of jointly controlled entities (20,651) 124 (>100) (21,033) 29 (>100)

Loss from ordinary activities before taxation (48,473) (21,538) >100 (78,894) (17,439) >100

Taxation (2,179) 19,745 (>100) (3,624) 21,661 (>100)

Net (loss)/profit for the financial period attributable

to equity holders of the Company

(50,652)

(1,793)

>100 (82,518) 4,222 (>100)

Other comprehensive income:

Gains/(losses) recognised directly in equity:

Equity share of fair value gain/(loss) on cash flow

hedge

273

3,004

(91)

(470)

2,033

(>100)

Fair value (loss)/gain on interest rate swap (6,979) 61,498 (>100) 12,749 68,043 (81)

Fair value loss on available-for-sale financial assets (8,850) (8,984) (1) (3,567) (12,849) (72)

Foreign currency exchange differences 94,612 (24,408) (>100) 156,956 (105,471) (>100)

Other comprehensive income/(loss) for the period 79,056 31,110 >100 165,668 (48,244) (>100)

Total comprehensive income/(loss) for the period

attributable to equity holders of the Company 28,404 29,317 (3) 83,150 (44,022) (>100)

(Loss)/earnings per share attributable to equity holders of the Company

- basic (0.53) cents (0.02) cents (0.86) cents 0.04 cents

- diluted (0.53) cents (0.02) cents (0.86) cents (0.05) cents

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4D587E2660DF65944825760B0031FA7A/$file/Q2_09_GENS.pdf?openelement

 

 
 
iPunter
    05-Aug-2009 16:11  
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If you are not familiar with the charts, you should not be buying stocks at all, even if someone

tells you what price to buy.

Playing stocks is speculation, even experts can lose money, this don't ever ask another.

If you are still keen, spend a lifetime learning the ropes yourself.

And hope you won't lose too much money!   Smiley



loyfam88      ( Date: 05-Aug-2009 15:29) Posted:

So is it good to avoid or good to pick up at 80 cents level?

 

 
cathylmg
    05-Aug-2009 15:35  
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The theme park is opening soon. Such attentions and would be media coverage, is hard to apply logic to its stock price.
 
 
loyfam88
    05-Aug-2009 15:29  
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So is it good to avoid or good to pick up at 80 cents level?
 
 
iPunter
    05-Aug-2009 15:26  
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You must study the charts...

Otherwise you will not buy even if it falls to 70c... Smiley
 
 
cathylmg
    05-Aug-2009 15:01  
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I will collect somemore if it goes down further.
 
 
el7888
    05-Aug-2009 13:43  
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Updated: 5th August 2009, 1155 hrs   
Resorts World at Sentosa could be profitable: UOB KayHian


Brokerage UOB KayHian says Genting Singapore's Universal Studios at the Sentosa casino resort could defy sceptics and become a profitable entity.

In a research note, the brokerage says visitors to Universal Studios Singapore could top forecasts for 4.4 million visitors in 2010.

It says the project’s uniqueness and moderate competition in the region should enable the theme park to pull in the crowds.

UOB KayHian adds that a profitable Universal Studios Singapore would have positive implications on Genting Singapore.

That’s because investors generally expect the casino operation to subsidise the non-casino operations.

Genting Singapore last traded up 83 cents, up 1 and a half cents.
 

 
erictkw
    05-Aug-2009 13:07  
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DJ MARKET TALK: Genting S'pore Theme Park May Defy Skeptics -UOB
  • 05 August 2009 10:08  

  •  
    

    0206 GMT [Dow Jones] Genting Singapore's (G13.SG) Universal Studios Singapore could defy skeptics and become a profitable entity, UOB Kayhian says, noting Universal Studios Japan operates comparable-size theme park, should remain profitable in 2009. Estimates USS visitor arrivals could positively surprise, top house's forecasts for 4.4 million in 2010, 5.5 million in 2011 due to uniqueness, moderate regional competition. Estimates breakeven at 5.5 million visitor arrivals. "A profitable USS would have positive implications on Genting Singapore as we reckon that investors generally expect the casino operation to subsidize the non-casino operations." Estimates if standalone USS' ROE and equity value comparable with USJ, implied value creation could be around Genting Singapore's estimated equity investment of US$350 million, or about S$0.06/share; adds, higher Genting Singapore valuation would raise target price for Genting Bhd. (3182.KU), currently rated at Buy, target MYR6.15. Doesn't rate Genting Singapore. Genting Singapore +2.5% at S$0.83; Genting Bhd. flat at MYR6.40. (LES)

     
     
    cathylmg
        05-Aug-2009 11:07  
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    If it is true that they are opening end of this year, mean at most 3 months from now, logically should be heading north.Unless there are delays here and there. IMHO.

    AK_Francis      ( Date: 05-Aug-2009 10:54) Posted:



    Still got room for improvement, fr yr low of 32cts to yr high of 91cts. AK guesses only. Vested, not selling yet, a bit greedy loh, as had missed 89.5cts once.

    Incidentally, other penny stocks, ie BS, GAR, Yz etc, moving steadily as well. Cheers

     
     
    AK_Francis
        05-Aug-2009 10:54  
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    Still got room for improvement, fr yr low of 32cts to yr high of 91cts. AK guesses only. Vested, not selling yet, a bit greedy loh, as had missed 89.5cts once.

    Incidentally, other penny stocks, ie BS, GAR, Yz etc, moving steadily as well. Cheers
     
     
    Laulan
        05-Aug-2009 10:54  
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    I got a few at $1.01, but collected abit here and there at the lows thus making my positions quite profitable already.  But not selling yet.  Lets wait for some good news first and then decide.
     
     
    jing77
        05-Aug-2009 10:37  
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    but it is kinda high to load it now rite?

    cathylmg      ( Date: 05-Aug-2009 10:35) Posted:

    Logically this counter should head north.



    jing77      ( Date: 05-Aug-2009 10:31) Posted:

    opening at the end of the year.. this counter boleh??


     
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