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One disadvantage of the Genting Bond is that there is no definite maturity date.
if u want higher dividend go for genting bond 5.125% or reits.
pretty stable since ipo at $1.00.
Genting Sp may cont to move up this wk. above $1.60 ...
alfredx ( Date: 23-Feb-2013 20:52) Posted:
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This Genting family of stocks is bloody stingy, you are lucky to get 1 cent for Genting Hk earning big bucks but not a single cents dividend taking investors for a ride. 1 cent cannot even beat yearly inflation. I also bought at $2, will discard this stupid shares if up a bit more even to lose some money.
I am still holding on to it as I brought at $2+ .. But I'm angry with the divend.. Even cosco pay more than this stock.. Cosco current price 0.965.. Cisco giving 2cents but genting 1 cent..
It's good to long if it can reach 1.48...
But must quickly dump if it koyak to 1.46..
GorgeousOng ( Date: 23-Feb-2013 18:18) Posted:
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到 时 我 们 就 可 以 下 手 了 ！ 我 等 她 很 久 了 喔 ！
risktaker ( Date: 23-Feb-2013 17:11) Posted:
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Yes agree with sifu... that's quite likely...
risktaker ( Date: 23-Feb-2013 17:11) Posted:
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Genting will consolidate for a while....may drift lower to 1.48-1.52 range coming week....before testing 1.60 again....
All trading must be done with the chart as the reference...
Hoosay ( Date: 23-Feb-2013 16:47) Posted:
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What is your basis for short at 1.58?
iPunter ( Date: 23-Feb-2013 09:48) Posted:
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1.58 is a good price to short...
may be it will surprise u again and rise up above $1.60 by next week..
Genting Singapore
VIPs Are Making A Roaring Comeback
The worst is over upgrade to BUY. We upgrade Genting Singapore
(GENS) to BUY with a higher TP of SGD1.67 (+24%). While GENS
delivered results that were within expectations, VIP volumes at Resorts
World Sentosa (RWS) positively surprised. Going forward, VIP volumes
may positively surprise again as Singapore is now a CNY hub with
Industrial and Commercial Bank of China (ICBC) as the clearing bank.
Within expectations. 4Q12 core net profit of SGD169.7m (-36% YoY,
+27% QoQ) brought FY12 core net profit to SGD665.2m (-35% YoY) or
100% of our FY12 estimate. Final DPS of SGD0.01 (+0% YoY) was
also within expectations. FY12 core net profit was down 35% YoY as
full-year VIP volume eased 5% YoY to SGD60b, and on a lower VIP
win rate of 3.1% (-30bps YoY).
But, VIP volumes beat our estimates. 4Q12 core net profit was down
36% YoY due to a lower VIP win rate of 3% (-90bps YoY), a higher
percentage of VIP GGR provided at 8% (+4ppts YoY) and start-up
losses at Marine Life Park. That said, 4Q12 VIP volume surged 56%
YoY to SGD18.6b, its highest level. This is because Chinese VIPs, who
account for > 50% of VIP volume, returned after China’s economy
improved (Chart 4) and politics stabilised.
Raising earnings estimates by 9-13%. We now assume that VIP
volumes at both casinos will grow 10% p.a., from being flattish in FY13
and growing 8% p.a. thereafter previously (Table 1). We assume that
RWS would still command 47% share of VIP volume going forward. The
net impact is to raise our earnings estimates by 9-13%. Our new
estimates imply 17% 3-year forward earnings CAGR.
Upgrade to BUY. As earnings have recovered QoQ, we believe that
GENS should no longer trade at 11x 12M forward EV/EBITDA or -1SD
to its historical mean, but rather at the historical mean 12M forward
EV/EBITDA of 13x. Thus, we raise our TP from SGD1.35 to SGD1.67
(Table 2) and call from HOLD to BUY. GENS will likely benefit from
more Chinese VIP volumes going forward, as Singapore is now a CNY hub, improving the convertibility of the CNY in Singapore.
Buy (from Hold)
Share price: SGD1.50
Target price: SGD1.67 (from SGD1.35)
Maybank Kim Eng Research
1,50 wall broken leow..
today friday. wont have much action. will close flat. think can look to next week.
any target price?
Better than going to casino.
Show-time....
Today, the market has told us that the worst is over, the long term uptrend is still intact. Worst performer last year may become best this year...
GentingSP (GENS.SI) - Upgrade from Neutral to Buy: The Worst Now Looks Behind Us - BUY - TP $1.80 - CITI