Genting Sing Last:0.7 -

GenSp starts to move up again

Genting Singapore has just been downgraded to a sell by UOB KayHian. Apart from being the most expensive casino stock in Asia -- the stock trades at EV/EBITDA of 17.5 times, and PER of 30 times -- UOB KayHian reckons that junkets are not likely to be legalised any time soon. Also, its 3Q10 results were below the consensus gaming EBITDA forecasts of $320 million to $330 million for that quarter. “Marina Bay Sands could be gaining market share to eventually take pole position (MBS’s market share was 33% in 2Q10 and 47% in 3Q10),” UOB KayHian states, adding that “EBITDA margins could fall significantly, reflecting intensifying overseas marketing efforts and greater dependency in the lower (junket-like) margin high roller segment.”
However non-gaming revenue could improve. Universal Studios Singapore has been drawing in the crowds, and better hotel revenues are likely as more hotels open this year and RevPAR rises. UOB KayHian has a target of $1.85 for Genting Singapore, and the stock last traded at $2.22.

I do, sometimes go Teck Whye Bk-143 for lunch, opp got big car park.

AK_Francis ( Date: 05-Jan-2011 01:29) Posted:

Ha ha, comes Teck Whye kopitiam Blk 145 for Carlsberg with AK lah, AK will guide u loh, cheers.

oldflyingfox ( Date: 05-Jan-2011 00:04) Posted:

you may start by taking some courses from sgx, refer to this => http://www.sgxacademy.com/index.php?option=com_sgx&scom=view_event&category=2

Ha ha, for any learning process, there is no mile stone. D more u learnt, u would be enriched on your knowledge loh. Cheers.

eastcivic ( Date: 05-Jan-2011 10:03) Posted:

uncle francis, you at teck whye kopitiam blk 145 everyday? :D

i also new to trading, want to learn.....

AK_Francis ( Date: 05-Jan-2011 01:29) Posted:

Ha ha, comes Teck Whye kopitiam Blk 145 for Carlsberg with AK lah, AK will guide u loh, cheers

this is for genting hk ?

pharoah88 ( Date: 20-Dec-2010 11:45) Posted:

Genting Berhad

¨ Casino JV in Vietnam?

¨ A joint venture between Genting group VinaCapital, has obtained approval from the central government for a US$4bn (RM12.5bn) casino resort project in Hoi An city.

¨ The group is also said to be exploring a setting up of a casino in Sri Lanka, as the government recently passed the Gambling Bill to legalise gambling.

¨ No change to forecasts until we obtain clarification from management.

¨ Maintain fair value at RM12.80.

Invest in Genting Singapore through Genting Berhad. Check the following.

http://mujicity.blogspot.com/2011/01/invest-in-genting-singapore-through.html

subra1969 ( Date: 04-Jan-2011 16:48) Posted:

Hi guys, I am new to share trading. can you guide me to good sites which can teach me about how to read the charts?

Also can you guide me whether I should sell genting shares or should hold it for some more time?

Please advise.

uncle francis, you at teck whye kopitiam blk 145 everyday? :D

i also new to trading, want to learn.....

AK_Francis ( Date: 05-Jan-2011 01:29) Posted:

Ha ha, comes Teck Whye kopitiam Blk 145 for Carlsberg with AK lah, AK will guide u loh, cheers.

oldflyingfox ( Date: 05-Jan-2011 00:04) Posted:

you may start by taking some courses from sgx, refer to this => http://www.sgxacademy.com/index.php?option=com_sgx&scom=view_event&category=2

It going Down today!

iPunter ( Date: 05-Jan-2011 08:18) Posted:

Why not you wait for BT's structured instructional

sessions before you start to 'gasak' and read everything indiscrimately?

It is not good for newbies to start on the wrong footing,

because that will create a long-term liability for them... Smiley

subra1969 ( Date: 04-Jan-2011 16:48) Posted:

Hi guys, I am new to share trading. can you guide me to good sites which can teach me about how to read the charts?

Also can you guide me whether I should sell genting shares or should hold it for some more time?

Please advise.

Why not you wait for BT's structured instructional

sessions before you start to 'gasak' and read everything indiscrimately?

It is not good for newbies to start on the wrong footing,

because that will create a long-term liability for them... Smiley

subra1969 ( Date: 04-Jan-2011 16:48) Posted:

Hi guys, I am new to share trading. can you guide me to good sites which can teach me about how to read the charts?

Also can you guide me whether I should sell genting shares or should hold it for some more time?

Please advise.

Ha ha, comes Teck Whye kopitiam Blk 145 for Carlsberg with AK lah, AK will guide u loh, cheers.

oldflyingfox ( Date: 05-Jan-2011 00:04) Posted:

you may start by taking some courses from sgx, refer to this => http://www.sgxacademy.com/index.php?option=com_sgx&scom=view_event&category=2

Hi guys, I am new to share trading. can you guide me to good sites which can teach me about how to read the charts?

Also can you guide me whether I should sell genting shares or should hold it for some more time?

Please advise.

Refinancing at 4.2 billions mean...still paying hefty interest rate peg at market rate or cheaper then market ?, and at the same time paying dividend.

This allow Ah Lim (owner) and his kakis another (not so new) way to make ton of money into his pocket, making gain out of capital refinancing, at odd is the same borrowing and paying interest for borrow $4.2bil, and with more cheaper legal gambling houses all approval and blessing from each individual successful govt to compete with...

Well it sounded sexy and attractive to punters. I wishes all good luck and a happy new year 2011.

Genting cheong arrhhhhhhhhhhhh

pharoah88 ( Date: 13-Dec-2010 13:56) Posted:

IAWIA

Joined: 13 Nov 2010
Posts: 10

Posted: Fri Dec 10, 2010 1:59 pm Post subject: Kudos! Genting Sp Refinance Loan, A Timely & Wise Move!

It is undeniably that Singapore has made a dramatic entry into the casino-gaming mkt since legalizing it in 2005. 2011 will be the 1st full year of operations for the 2 IRs in the Republic. Following are some of the interesting estimates made by some of the investment banks/institutions: PwC : Projected that Singapore's casino revenue to be US$2,8 billion this year and would leapfrog both Australia and S Korea by reaching US$5.5 billion next year(2011)! CLSA : Projected even more explosive growth for Singapore casino mkt to be worth US$6.5 billion by 2011, matching the Las Vegas Strip and surpassing it in 2012 with a mkt size of US$8.1 billion! That would easily put Singapore's revenue in the no.2 slot in the Asia-Pacific, behind on Macau The both timely and wise move by the GSP's management team to take advantage of the positive current development/situation to go into and secure a refinance loan AT THIS JUNCTURE is most commendable! With such good business sense and skills, the new terms in the new Term Loan could only be, one need not ask, BETTER! Congrats to all Genting Singapore shareholders!

BRICS should be the best 5 to set up International gambling intergrated resources! S=Singapore, C=China, I=India, R=Russia and B=Brazil.

teeth53 ( Date: 20-Dec-2010 21:12) Posted:

To compete cheaper and better, Batam is an ideal choice - with it 1st class facilities and so near.

Think some BBs oredi JV there on smaller scale, but can just make it on grand scale.

Sinjiapo govt may have to consider setting up cheaper legal gambling houses to compete with them.

Every where and every countries setting up legal gambling houses in the name call casino.

Less rich man and players will be coming here to lost their money liao.

No good for Gent SP, good for Boss Ah Lim.

Genting Berhad

¨ Casino JV in Vietnam?

¨ A joint venture between Genting group VinaCapital, has obtained approval from the central government for a US$4bn (RM12.5bn) casino resort project in Hoi An city.

¨ The group is also said to be exploring a setting up of a casino in Sri Lanka, as the government recently passed the Gambling Bill to legalise gambling.

¨ No change to forecasts until we obtain clarification from management.

¨ Maintain fair value at RM12.80.

Text size:

Last Update: December 18, 2010 02:54 ET

Strong Buy on Genting Hong Kong Limited 0678

Shayne Heffernan has issued a strong buy on Genting Hong Kong Limited HKG:0678.

Shayne Heffernan has put a price target of $6HKD in 2011 on the stock currently trading at $3.30.

This month the company announced that it has signed an agreement on a seven-year floating rate term loan and revolving credit of US$600 million.

The company said in a statement that the proceeds of the facility will be used to pay down existing indebtedness and for general corporate purposes.

Arrangers, underwriters and bookrunners for this loan include Credit Agricole Corporate and Investment Bank, DnB NOR Bank ASA, HSBC, Maybank Investment Bank Berhad and Oversea-Chinese Banking Corp.

Separately, the company announced earlier this year that it purchased 18 million shares of Union Bank of Colombo Ltd for around RMB 15.44 million to own a 5.92% stake in the target firm, which is engaged in banking businesses in Sri Lanka, sources reported.

Genting Hong Kong Limited, formerly Star Cruises Limited, is an investment holding company principally engaged in the operation of passenger cruise ships in Asia Pacific.

The Company, together with its jointly controlled entities, NCL Corporation Ltd. (NCLC) and its subsidiaries (the NCLC Group), has a combined fleet of 17 ships cruising to over 200 destinations in the world, offering approximately 30,000 lower berths. The Group operates under the principal brand name of Star Cruises while the NCLC Group operates under Norwegian Cruise Line brand.

Star Cruises operates seven ships offering various cruise itineraries and calls destinations primarily in the Asia Pacific region. Norwegian Cruise Line operates 10 cruise ships offering cruises in North and South America, Hawaii, Caribbean, Alaska, Europe, Mediterranean and Bermuda.

The Company’s subsidiaries are principally engaged in the business of cruise and cruise related operations and leisure, entertainment and hospitality activities.

Posted by Shayne Heffernan on Dec 17th, 2010 and filed under BRIC, Emerging Markets, Equities, Latest News, Limelight, Markets, News & Events, Shayne Heffernan. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

next year before the Q4 it should be back to 2.35 !

jm2212 ( Date: 16-Dec-2010 21:04) Posted:

price has been dropping everyday since the announcement of the refinancing deal, cannot understand. may be fund just sell and lock in profit for the year, anyway it has a wonderful performance in 2010. Let's hope that the share price will continue to shine in 2011!!

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GenSp starts to move up again

Strong Buy on Genting Hong Kong Limited 0678