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Previously from CLSA

 

Genting Singapore share est raised to $3 vs $2 at CLSA

Tags: Genting Singapore Plc

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Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Genting Singapore Plc had its share-price forecast raised to $3 from $2 at CLSA Asia Pacific Markets, which said the casino operator’s earnings growth will remain strong. Genting, operator of one of two casino resorts in the city- state, climbed 1.1% to $1.85 at 9:10 a.m. in Singapore, heading for another record close. CLSA maintained its “buy” rating on the stock.

BullishTempo      ( Date: 29-Oct-2010 07:24) Posted: GenSp looks set to at least meet consensus estimates. The variable that is keeping investors at bay is the uncertainty of QE2 to be announced next week Wednesday.  The big picture for GenSp remains valid.

 

GenSp looks set to at least meet consensus estimates. The variable that is keeping investors at bay is the uncertainty of QE2 to be announced next week Wednesday. 

The big picture for GenSp remains valid. 

 

Previously from OCBC

OCBC Investment Research ups Genting Singapore’s (G13.SG) target price to $2.38 from $1.85 after raising forecast for size of Singapore’s gaming market for 2011 to $7 billion vs $6 billion. Keeps Buy call, says Dow Jones.

Expects “pretty upbeat” results for 3Q10 on firm Singapore tourist-arrivals, which likely to head even higher in 4Q10 due to year-end seasonal effect.

BullishTempo      ( Date: 29-Oct-2010 07:15) Posted: To justify a price of about $2.39, GenSp needs to deliver EBITA in region of $375 million to $410 million. This is less than the EBITDA of $504 million in 2Q. So beating 2Q results is not necessary. Meeting consensus estimates is all it takes to justify $2.39.  So CLSA's estimates of 3Q revenue of $749 million vs 2Q revenue of $860 million will translate to the same EBITDA estimate of UBS of between $375 million to $410 million.  We are still looking at the price target of 2.38 (OCBC) or 2.39 (UBS) BullishTempo      ( Date: 29-Oct-2010 07:04) Posted: For those who wants to copy and paste ------------------------------------------------  UBS downgrades Genting Singapore (G13.SG) to Neutral vs Buy, says “future still bright, but need to pause for breath.” Expects 3Q EBITDA of $385 million vs $504 million in 2Q; “while the headline 24% sequential decline appears steep, 2Q margin was predicated on a very high VIP hold, while the (Marina Bay Sands) ramp up in both VIP and mass during 3Q has been rapid.”    Says such result may disappoint market, considering stock’s rapid rise, but if RWS delivers EBITDA in region of $375 million-$410 million in 3Q, “the bigger picture story remains perfectly valid: this is a casino resort that can generate $1.6 billion of EBITDA in year one of a seven-year duopoly.”   Adds, any signs that 2Q VIP volumes at RWS unsustainable on structural reasons, “would be more of an issue.” Raises target to $2.39 vs $2.02, ups 2011E EBITDA by around 11%

 

To justify a price of about $2.39, GenSp needs to deliver EBITA in region of $375 million to $410 million. This is less than the EBITDA of $504 million in 2Q. So beating 2Q results is not necessary. Meeting consensus estimates is all it takes to justify $2.39.

 So CLSA's estimates of 3Q revenue of $749 million vs 2Q revenue of $860 million will translate to the same EBITDA estimate of UBS of between $375 million to $410 million.

 We are still looking at the price target of 2.38 (OCBC) or 2.39 (UBS)

BullishTempo      ( Date: 29-Oct-2010 07:04) Posted: For those who wants to copy and paste ------------------------------------------------  UBS downgrades Genting Singapore (G13.SG) to Neutral vs Buy, says “future still bright, but need to pause for breath.” Expects 3Q EBITDA of $385 million vs $504 million in 2Q; “while the headline 24% sequential decline appears steep, 2Q margin was predicated on a very high VIP hold, while the (Marina Bay Sands) ramp up in both VIP and mass during 3Q has been rapid.”    Says such result may disappoint market, considering stock’s rapid rise, but if RWS delivers EBITDA in region of $375 million-$410 million in 3Q, “the bigger picture story remains perfectly valid: this is a casino resort that can generate $1.6 billion of EBITDA in year one of a seven-year duopoly.”   Adds, any signs that 2Q VIP volumes at RWS unsustainable on structural reasons, “would be more of an issue.” Raises target to $2.39 vs $2.02, ups 2011E EBITDA by around 11%

 

For those who wants to copy and paste

------------------------------------------------ 

 

Guys, you are missing the big picture. 3rd quarter results need not beat 2rd quarter results. It only needs to meet consensus estimates to justify a price of $2.38. Make it a habit to copy and paste all the past analyst estimates.

This is the estimate by UBS a few weeks ago.

---------------------------------------------------------------------- 

 UBS downgrades Genting Singapore (G13.SG) to Neutral vs Buy, says “future still bright, but need to pause for breath.”

Expects 3Q EBITDA of $385 million vs $504 million in 2Q; “while the headline 24% sequential decline appears steep, 2Q margin was predicated on a very high VIP hold, while the (Marina Bay Sands) ramp up in both VIP and mass during 3Q has been rapid.” 

 

Says such result may disappoint market, considering stock’s rapid rise, but if RWS delivers EBITDA in region of $375 million-$410 million in 3Q, “the bigger picture story remains perfectly valid: this is a casino resort that can generate $1.6 billion of EBITDA in year one of a seven-year duopoly.” 

  Adds, any signs that 2Q VIP volumes at RWS unsustainable on structural reasons, “would be more of an issue.” Raises target to $2.39 vs $2.02, ups 2011E EBITDA by around 11%

 

lonely...i am so lonely...i have nobody...to pei me...

 

dow jones down. s&P is up. i was also thinking that Q3 might not be as rosy. but if it surpass last Q results, then we will see the price fly thru the sky. cause everyone is afraid of the less than rosy results and staying sidelines

 

this is bad news

Raptor22      ( Date: 29-Oct-2010 00:30) Posted: Anyone heard this? Genting Singapore reports its third quarter results Nov. 11 and CLSA expects Resorts World Sentosa to report third quarter revenue of S$749 million compared with S$860.8 million in the second quarter.

 

Is Kim Eng's platform lousy? You mean KE Trade?

Noob79      ( Date: 28-Oct-2010 21:15) Posted: KNS KIM ENG i called to check out that their CFD long position is 4%-5% annually... and  commission is also quite high. Asked that Philip has special promotin till end of Dec... Guess what reply i get...   Ohhh that's their business and curently we don't have any special rate...   MF Gobal is better with 3% annually  in Long postion and 0.2% comission... watermelon      ( Date: 28-Oct-2010 21:06) Posted: U  said quite lousy so I guess tt's Y nobody use Kim Eng lor !

 

ok I must use my god power already.... tomorrow GEN SG will be up!!!!

 

but i think q3 will surprise again, looking at LVS reports on its MBS. not forgetting their universal studio income. and changi airport has broke tourist arrival records for the q3 period. so thats about it. yeah. 

Raptor22      ( Date: 29-Oct-2010 00:30) Posted: Anyone heard this? Genting Singapore reports its third quarter results Nov. 11 and CLSA expects Resorts World Sentosa to report third quarter revenue of S$749 million compared with S$860.8 million in the second quarter.

 

Guys. Be careful. BIG SHARKS are lurking. 

Trade with care in these coming days. But if you are vested for lonnngggg term, outlook should still be good.

 

 

Anyone heard this?

Genting Singapore reports its third quarter results Nov. 11 and CLSA expects Resorts World Sentosa to report third quarter revenue of S$749 million compared with S$860.8 million in the second quarter. 

 

From reliable sources, VIP tables has seen dramatically lower visitors since Q3 started.

A lot of Whale kana bitten. So the Q3 results may not be as rosy as expected.

But may be supported by mainland gamblers or tourist as there were a lot of activiites eg F1

 

So the 12 Nov results may be a disappointment due to the high expectation.

Hence I will wait for retreat at $2 before mounting an attack so that at least kana ambush wont be that bad.

 

If Genting does not follow Dow Jones, (and it does not follow the STI), why bother with the signals from overseas markets?

Why wait for 9.30 and 3,30 for cues? 

 

Oh yeah? I forgot. It was only yesterday right? QE2 doesn't matter?

So why did Genting fall yesterday?

epliew      ( Date: 28-Oct-2010 22:25) Posted: genting sp does not follow dow jones ...... Raptor22      ( Date: 28-Oct-2010 22:03) Posted: Tomorrow shd be GOOD with Dow up today. Good luck guys. TODAY'S MARKETS OCTOBER 28, 2010, 9:49 A.M. ET   Stocks Gain on Jobless Claims, Earnings Thursday's economic data helped drive the market's move. Initial unemployment claims declined by 21,000 to 434,000 in the week ended Oct. 23, the Labor Department said in its weekly report Thursday. That brings claims down to levels last seen since the week ended July 10. Economists surveyed by Dow Jones Newswires had expected claims would rise slightly by 3,000.  http://online.wsj.com/article/SB10001424052702303362404575579841315314832.html?mod=WSJ_Markets_LEFTTopNewsInt

 

So how many per cent gain do you get when trading in GSp? Greater than 5%?

Unemployment is a big problem in many countries. A reduction will contribute in many ways to the well-being of its economy.

Go back to yesterdays's Bull's link where Chicago's University Prof Rajan talked about reducing unemployment for the long term health of USA's economy instead of small contributions of QE2 which will help the economy temporarily only.  

bladez87      ( Date: 28-Oct-2010 22:15) Posted: 21000/434000, only 5% and ... Raptor22      ( Date: 28-Oct-2010 22:03) Posted: Tomorrow shd be GOOD with Dow up today. Good luck guys. TODAY'S MARKETS OCTOBER 28, 2010, 9:49 A.M. ET   Stocks Gain on Jobless Claims, Earnings Thursday's economic data helped drive the market's move. Initial unemployment claims declined by 21,000 to 434,000 in the week ended Oct. 23, the Labor Department said in its weekly report Thursday. That brings claims down to levels last seen since the week ended July 10. Economists surveyed by Dow Jones Newswires had expected claims would rise slightly by 3,000.  http://online.wsj.com/article/SB10001424052702303362404575579841315314832.html?mod=WSJ_Markets_LEFTTopNewsInt

 

genting sp does not follow dow jones ......

Raptor22      ( Date: 28-Oct-2010 22:03) Posted: Tomorrow shd be GOOD with Dow up today. Good luck guys. TODAY'S MARKETS OCTOBER 28, 2010, 9:49 A.M. ET   Stocks Gain on Jobless Claims, Earnings Thursday's economic data helped drive the market's move. Initial unemployment claims declined by 21,000 to 434,000 in the week ended Oct. 23, the Labor Department said in its weekly report Thursday. That brings claims down to levels last seen since the week ended July 10. Economists surveyed by Dow Jones Newswires had expected claims would rise slightly by 3,000.  http://online.wsj.com/article/SB10001424052702303362404575579841315314832.html?mod=WSJ_Markets_LEFTTopNewsInt

 

Here's real retro from Yusoff Islam.

http://www.youtube.com/watch?v=U5sSEkZ86ts&feature=related 

watermelon      ( Date: 28-Oct-2010 22:07) Posted: I love RETRO , how come all K POP ??