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Genting shares rise 3 percent on improved outlook for gaming
Reuters – 1 hour 30 minutes ago
SINGAPORE, Feb 22 (Reuters) - Shares in Genting Singapore
PLC jumped after the casino operator's results came
above market estimates, powered by a strong rise in the premium
business, suggesting the worst was over for the Singapore gaming
sector.
Genting, which runs Resorts World Sentosa in the affluent
city-state, reported a 6 percent fall in October-December core
profit to S$369 million ($298 million) on Thursday but this beat
the average estimate of S$332 million, according to five
brokerages polled by Reuters.
Analysts are expected to upgrade earnings estimates and
ratings on Genting, whose shares have been the best performer in
the Singapore index over the past three months, rising
24 percent. The shares underperformed last year.
On Friday, Genting was up 3 percent at S$1.54 on strong
volumes in a flat market.
Genting has been burdened by a slowing market and tighter
local regulations as the novelty aspect of Singapore's two
multibillion-dollar casino complexes wears off.
Reporting by Anshuman Daga
Genting Spore trading at a 15% discount to the Macau sector average. Maintain OUTPERFORM Target $1.80 by Credit Suisse
Genting Singapore - Earnings on a rebound upgrade to BUY, TP raised to S$1.73 by DBS Vickers
Genting Singapore: The VIPs Make A Roaring Comeback Upgrade to Buy TP $1.63 by Maybank-Kim Eng
We should buy when it drops but not at this time when it rise again ....
Dun get trap, sell it off when it is good price ..... norm situation, it may close low later end of the day
Genting Q4 core earnings fall 6 pct, better than forecast
Reuters –
SINGAPORE, Feb 20 (Reuters) - Genting Singapore PLC
, a casino operator that runs Resorts World Sentosa in
the affluent city-state, reported a 6 percent fall in
fourth-quarter profit but the result still came above estimates.
"Comparing to the fourth quarter of 2011, the business
volume in the premium players segment improved significantly by
56 percent. However, this was offset by weaker win percentage in
the premium players business," it said in a statement on
Thursday.
Margins will remain under pressure in the first half of this
year, Genting Singapore said.
The gaming and resort operator is burdened by a slowing
market and tighter local regulations as the novelty aspect of
Singapore's two multibillion-dollar casino complexes wears off.
Its October-December core earnings or adjusted earnings
before interest, tax, depreciation and amortisation (EBITDA)
fell to S$369 million ($298 million) from S$394 million a year
earlier.
This was above the average estimate of S$332 million,
according to five analysts surveyed by Reuters.
Strong performances at rival Las Vegas Sands Corp's
Singapore and Chinese properties had raised market expectations
the worst might be over for Genting Singapore.
Genting Singapore's shares have been the best performers
over the past three months, jumping 24 percent versus a 5
percent rise in the broader benchmark index. The shares
underperformed last year.
tomorrow I think genting open 1.4 only
Proposed 1 cent dividend. Bad.. hor lung liao.
wanglausern ( Date: 21-Feb-2013 20:57) Posted:
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haiz...so near yet so far. Guess have to hold it for some time.
ShareInvestor Express - Genting SP: 4Q12 Net Profit Down 50% To S$133.2 Million.
Genting SP: 4Q12 Net Profit Down 50% To S$133.2 Million.
For the financial year of 2012, the Group reported revenue of S$2,948.1 million and net profit of S$677.7 million. The non-gaming business showed a healthy growth in the hotel and USS business while the gaming business saw a lower business volume. Faced with the challenges posed by the uncertain economic climate in year 2012, Singapore IR continued to produce steady cash flow to the Group...
Attachments:
Octavia ( Date: 21-Feb-2013 20:35) Posted:
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Ray, I prefer to short if mr market give the red direction. Good luck.
raykee ( Date: 21-Feb-2013 18:26) Posted:
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SINGAPORE - Genting Singapore PLC, a casino operator that runs Resorts World Sentosa in the affluent city-state, reported a 6 per cent fall in fourth-quarter profit but the result still came above estimates.
" Comparing to the fourth quarter of 2011, the business volume in the premium players segment improved significantly by 56 per cent. However, this was offset by weaker win per centage in the premium players business," it said in a statement on Thursday.
Margins will remain under pressure in the first half of this year, Genting Singapore said.
Result still above estimate...not end of the world yet.
it may surprise u of going higher when u want it to go down .
Gentings 4th quarter results 162m this year vs 254m last year.
Lidat how now? Back to 1.20?
Lucky I cleared all at 1.62 cos MBS's good results were contributed by Macau and in S'pore I know all the high-rollers are playing at MBS.
Peter_Pan ( Date: 21-Feb-2013 18:30) Posted:
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Some analysts have buy calls, some have sell calls.
bishan u are a genting holder also? went in at how much?
Me oso ready with an axe for the party tomollo. Good luck. 
Hoosay ( Date: 21-Feb-2013 14:57) Posted:
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Very likely for Genting to slide below $1.30 again. Still got time can wait.
Hoosay ( Date: 21-Feb-2013 14:57) Posted:
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Multiplier effect of M'sia-S'pore high-speed rail, estimated at RM20bil to RM30bil, likely to be huge
Affin Research also expects the construction and building materials companies to benefit. Other beneficiaries include land owners along the rail link and key stations as well as property developers. “Overall, we are positive on this development, as it will be a game-changer for the economic dynamics in Malaysia,” said UOB Kay Hian. The research house noted that the winners included Genting Malaysia Bhd, as the HSR could see a ramp-up in Singaporean patronage, given the shorter travel time and easy access from Singapore to Genting Highlands. “Malaysia provides cheaper gaming entertainment compared with the entrance fee to the Singaporean casinos (S$100 (RM250) per entry), and given Singapore's much stronger currency rate,” UOB Kay Hian said. “In the past year, Resorts World Genting has seen an increase in Singaporean arrivals that have exceeded the number of arrivals pre-opening of the Singaporean casinos.”
http://biz.thestar.com.my/news/story.asp?file=/2013/2/21/business/12737874& sec=business
Not looking good.. keep falling.. tonight judgement day. Knife is out