Genting Sing    Last:0.72    -0.01

GenSp starts to move up again

good luck then sir.. i really hope your stomach can stomach the ride ... cause it's gonna be one hell of a rollercoaster ride for you this week.. i also hope that you have cash to cover and hold it for long... and it's not on contra cause if the market doesn't pick up by wednesday or thursday next week.. it's gonna be damn painful .. and i'm not being sarcastic.. i really wish you well.. because i understand the pain of losing that much ... i once lost 38% of my entire portfolio trying to fight the market trend .. and in the end.. the market never lies.. it never wavers.. never cares about you.. and you cannot get angry at the market.. you cannot say it's its fault.. and suddenly you feel so stupid..

 

So all the best sir.. and i really hope that it opens up for you (:

But for the rest of us.. sit tight and hang back.. go read more of this guy's blog ... www.diaryofasingaporetrader.blogspot.com .... and see what the tp and market price and indicators if you really believe in techies and fundamental more than luck .. hope and bid/ask volume of time sales.

 

Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform, according to Dow Jones.

Credit Suisse says company’s 3Q10 on-quarter drop in revenue, earnings following record 2Q10 (boosted by favourable luck) was no surprise, with Sentosa revenue down 15% on-quarter, EBITDA down to $347 million vs 2Q’s $503 million.

Lowers FY10 net profit by 52% to reflect translation loss of $339 million on U.K. disposal but raises FY11-FY12 net profit by 32%-37% “as we believe strong tourist arrivals, a robust economy, active property market and rising stock market will likely translate into stronger casino revenues.”

Adds, company provides high beta, liquid exposure to Singapore tourism, potential catalysts include seasonally strong results for next two quarters, potential licensing of junkets in 2011. Says alternatively, parent Genting (3182.KU) provides cheaper exposure to Genting Singapore.

Shares off 7.0% at $2.12.

CheongCK      ( Date: 12-Nov-2010 22:53) Posted: Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15. Ppl see $187mil did not see Net Income $312 within expectation. Monday Ppl wake up and Gap UP Eat full full today, waiting for good return. Sept11      ( Date: 12-Nov-2010 16:50) Posted: Latest: Genting Singapore’s target price raised to $2.65 by Credit Suisse 12 November 2010 Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform.

 

Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15.

Ppl see $187mil did not see Net Income $312 within expectation.

Monday Ppl wake up and

Gap UP

Eat full full today, waiting for good return.

Sept11      ( Date: 12-Nov-2010 16:50) Posted: Latest: Genting Singapore’s target price raised to $2.65 by Credit Suisse 12 November 2010 Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform.

 

its gonna get lower before it increases.. 

 

I can c alot of pple loss their monies in Genting Sp today.

Alot of pple posted today in SgCarMart & sell their cars away. Especially those BMWs.

: (

http://www.sgcarmart.com/used_cars/listing.php?RPG=100&VEH=8 

 

Thanks thanks!!~ Anyway i already invested in MIT and GLP lo! been accumulating abit since IPO. Haven sell! Anyway this 1 weeks GLP dropped quite abit and MIT is stagnant! Hope they soar after correction!~ :)

 

Raindrops,

Base on Gentng Sp's chart. Today was juz a 1st day dwn trend signal. Whether wat px level dan can go in. U can ask Bintang in tis SJ.

Today Genting Sp's vol. was 403,291. Whether 大鱼s hv run rd fm there or not I oso v hard 2 c cos vol. too huge liao.

Since Genting Sp's hving 1st day dwn trend. Y dun u start slowly slowly buy in GLP / MIT?

('',)

 

Raindrops      ( Date: 12-Nov-2010 21:56) Posted: So any good price to go in?

 

So any good price to go in?

 

Smtimes, 大鱼has given signals.

Juz dat, u muz stick @ e PC's monitor closely...

 

10-Nov-2010 (Wed) close 2.28

12-Nov-2010 (Fri) close 2.13

Diff by -0.150

Bon3260      ( Date: 12-Nov-2010 09:07) Posted: There was a signal on 10-Nov-2010 (Wed) actually...   : ( Bon3260      ( Date: 10-Nov-2010 14:28) Posted: Wat I c Genting Sp now's 大鱼在放票...   : (

 

Just for illustration and elebrobrating oni..Shortist at work, by vested BBs themself

12-Nov-2010 by this morning 09:49 (they did it this morning)

Force Gapping players to buy up by starting at lower px 

on opening...Force gap changed hands at much lower px to force players buying up..

2.100

31

25,041,000

190,000

0

24,851,000

Cover back..Forcing players to cover back..buying up..

2.110

136

13,090,000

4,403,000

0

8,687,000

2.120

307

23,567,000

6,750,000

0

16,817,000

2.130

191

7,597,000

567,000

0

7,030,000

2.140

354

22,358,000

5,540,000

0

16,818,000

2.150

300

28,759,000

11,528,000

0

17,231,000

2.160

324

13,113,000

2,198,000

0

10,915,000

2.170

171

6,669,000

881,000

0

5,788,000

teeth53      ( Date: 12-Nov-2010 09:21) Posted: Dun say i neber tell or info...hohh.....:(. Shortist at work Genting SP   2.100 2.150 -0.130 -5.7 vol-120,890,000 4,511,000 2.140 2.150 12,765,000 2.150 2.070 teeth53      ( Date: 12-Nov-2010 08:42) Posted: Result not as good or better then 2Q, getting ready - shortist at work.

 

2moro (Sat). They oredi did it today. 2more days Monday - Gap down again.

Genting SP

2.100

2.130

-0.150

-6.6%

Vol-403,291,000

2,403,000

2.130

2.140

2,396,000

2.170

2.070

teeth53      ( Date: 12-Nov-2010 10:50) Posted: Like that..huh, can creat an opportunities for BBs even to gap down again 2moro, (buy and dump) epliew      ( Date: 12-Nov-2010 10:26) Posted: give u an example buy up at 1,382 lots @ 2.15.....  more up to come..... 10:16:53 2.150 1,382 S mainly auntie and uncles cannot take the less earning report positively...... it is still a profit report. 2 billions dollars in 9 months.... clearly a good result.

 

Who is shorting? wtf, continuous spiral down most likely next monday. RUN.

 

17:05:03	2.130	1,706,000	Sold To Buyer
17:05:03	2.130	969,000	Sold To Buyer
16:59:59	2.130	160,000	Sold To Buyer
16:59:58	2.130	9,000	Sold To Buyer
16:59:57	2.130	10,000	Sold To Buyer
16:59:56	2.130	8,000	Sold To Buyer
16:59:55	2.140	5,000	Bought From Seller
16:59:54	2.132	20,000	X
16:59:53	2.130	8,000	Sold To Buyer
16:59:53	2.130	10,000	Sold To Buyer
16:59:52	2.130	50,000	Sold To Buyer
16:59:51	2.140	5,000	Bought From Seller
16:59:50	2.130	1,000	Sold To Buyer
16:59:50	2.140	17,000	Bought From Seller
16:59:48	2.131	35,000	X
16:59:48	2.140	3,000	Bought From Seller
16:59:47	2.140	12,000	Bought From Seller
16:59:44	2.140	10,000	Bought From Seller
16:59:43	2.140	5,000	Bought From Seller
16:59:41	2.140	11,000	Bought From Seller

 

Friday:  12 11 2010  CLOSING  [3Q]

WHITE  CANDLE   CHART  FIXING  DAY
RECORD  VOLUME

MONEY FLOW  STRONG  UPTREND


 

 

Friday:  12 11 2010  CLOSING

Stock	Code	i	Rmk	Ccy	Last		$Chng	%Chng	Vol	Buy Vol	Buy	Sell	Sell Vol	Open	Previous	Day Hi	Day Lo	Ind	Sector	Mkt	Off Code	Feed Code	COC BB	COC LD	COC BS
Genting SP	G13	i	--	SGD	2.130		-0.150	-6.6	403,291,000	2,403,000	2.130	2.140	2,396,000	2.100	2.280	2.170	2.070	M	--	SGX	G13	GENS.SI	--	--	--
TopGlobal	519	i	--	SGD	0.015		0.000	0.0	271,232,000	33,365,000	0.015	0.020	378,435,000	0.015	0.015	0.020	0.015	C,M	--	SGX	519	TPGB.SI	--	--	--
e Genting HK US$	S21	i	--	USD	0.485		-0.025	-4.9	91,173,000	2,940,000	0.480	0.485	314,000	0.490	0.510	0.505	0.480	M	--	SGX	S21	GENH.SI	--	--	--
GoldenAgr	E5H	i	--	SGD	0.730		-0.030	-3.9	79,993,000	4,027,000	0.730	0.735	3,486,000	0.760	0.760	0.770	0.730	M	--	SGX	E5H	GAGR.SI	--	--	--
Kreuz	5RK	i	--	SGD	0.450		-0.050	-10.0	79,866,000	662,000	0.450	0.455	340,000	0.505	0.500	0.515	0.450	M	--	SGX	5RK	KRZL.SI	--	--	--
STXOSV	MS7	i	--	SGD	0.810		0.000	0.0	58,695,000	428,000	0.805	0.810	78,000	0.850	0.000	0.880	0.800	C	--	SGX	MS7	STXO.SI	--	--	--
Nordic	MR7	i	--	SGD	0.215		-0.010	-4.4	46,017,000	1,149,000	0.215	0.220	1,955,000	0.225	0.225	0.230	0.210	C,M	--	SGX	MR7	NRGL.SI	--	--	--
Noble Grp	N21	i	--	SGD	2.140		-0.060	-2.7	35,108,000	99,000	2.130	2.140	635,000	2.180	2.200	2.190	2.120	M	--	SGX	N21	NOBG.SI	--	--	--
SingTel	Z74	i	--	SGD	3.270		-0.040	-1.2	33,232,000	995,000	3.270	3.280	305,000	3.310	3.310	3.330	3.270	C,M

 

Friday:  12 11 2010  CLOSING

 

Price	Trades	Volume	Sold to Buyer	Mid	Bought from Seller
2.073	2	68,000	0	68,000	0
2.074	1	110,000	0	110,000	0
2.080	7	1,227,000	1,227,000	0	0
2.081	1	110,000	0	110,000	0
2.082	2	76,000	0	76,000	0
2.083	3	722,000	0	722,000	0
2.085	1	205,000	0	205,000	0
2.086	1	26,000	0	26,000	0
2.087	3	671,000	0	671,000	0
2.088	4	624,000	0	624,000	0
2.089	2	138,000	0	138,000	0
2.090	120	13,180,000	10,144,000	0	3,036,000
2.091	5	410,000	0	410,000	0
2.092	1	25,000	0	25,000	0
2.093	1	37,000	0	37,000	0
2.095	1	56,000	0	56,000	0
2.096	1	17,000	0	17,000	0
2.098	3	323,000	0	323,000	0
2.099	4	833,000	0	833,000	0

 

 

Friday:  12 11 2010  CLOSING

3Q  EBITDA  dOwn 30%

Genting SP (G13)
Day Hi	2.170	Last	2.130	Vol	403,291,000
Day Lo	2.070	$Chng	-0.150

28,790,000  marIage  deals

2.100	33	25,386,000	190,000	345,000	24,851,000
2.101	2	1,165,000	0	1,165,000	0
2.102	1	8,000	0	8,000	0
2.103	4	152,000	0	152,000	0
2.104	4	137,000	0	137,000	0
2.105	2	31,000	0	31,000	0
2.106	2	204,000	0	204,000	0
2.107	3	116,000	0	116,000	0
2.108	3	100,000	0	100,000	0
2.109	12	1,031,000	0	1,031,000	0
2.110	809	29,437,000	20,750,000	0	8,687,000
2.111	9	680,000	0	680,000	0
2.112	5	158,000	0	158,000	0
2.113	5	168,000	0	168,000	0
2.114	9	334,000	0	334,000	0
2.115	7	187,000	0	187,000	0
2.116	12	283,000	0	283,000	0
2.117	7	186,000	0	186,000	0
2.118	12	351,000	0	351,000	0
2.119	11	680,000	0	680,000	0
2.120	1,785	73,310,000	37,976,000	0	35,334,000
2.121	10	895,000	0	895,000	0
2.122	15	539,000	0	539,000	0
2.123	7	643,000	0	643,000	0
2.124	5	289,000	0	289,000	0
2.125	10	692,000	0	692,000	0
2.126	5	131,000	0	131,000	0
2.127	9	114,000	0	114,000	0
2.128	9	343,000	0	343,000	0
2.129	10	531,000	0	531,000	0

 

 

Friday:  12 11 2010  CLOSING

3Q  EBITDA  dOwn 30%

Genting SP (G13)
Day Hi	2.170	Last	2.130	Vol	403,291,000
Day Lo	2.070	$Chng	-0.150

2.130	1,510	47,564,000	18,415,000	0	29,149,000
2.131	10	866,000	0	866,000	0
2.132	6	107,000	0	107,000	0
2.133	7	186,000	0	186,000	0
2.134	4	33,000	0	33,000	0
2.135	5	33,000	0	33,000	0
2.136	8	899,000	0	899,000	0
2.137	9	229,000	0	229,000	0
2.138	12	184,000	0	184,000	0
2.139	15	1,435,000	0	1,435,000	0
2.140	1,337	54,410,000	27,584,000	38,000	26,788,000
2.141	6	245,000	0	245,000	0
2.142	8	598,000	0	598,000	0
2.143	7	94,000	0	94,000	0
2.144	3	71,000	0	71,000	0
2.145	9	721,000	0	721,000	0
2.146	4	121,000	0	121,000	0
2.147	5	193,000	0	193,000	0
2.148	9	227,000	0	227,000	0
2.149	6	542,000	0	542,000	0
2.150	1,303	72,853,000	39,195,000	325,000	33,333,000
2.151	8	452,000	0	452,000	0
2.152	14	674,000	0	674,000	0
2.153	5	512,000	0	512,000	0
2.154	7	231,000	0	231,000	0
2.155	9	112,000	0	112,000	0
2.156	8	104,000	0	104,000	0
2.157	10	470,000	0	470,000	0
2.158	12	482,000	0	482,000	0
2.159	16	1,049,000	0	1,049,000	0
2.160	976	48,137,000	6,395,000	0	41,742,000
2.161	3	773,000	0	773,000	0
2.162	5	808,000	0	808,000	0
2.163	1	7,000	0	7,000	0
2.164	3	40,000	0	40,000	0
2.165	9	391,000	0	391,000	0
2.166	6	200,000	0	200,000	0
2.167	7	99,000	0	99,000	0
2.168	8	95,000	0	95,000	0
2.169	9	200,000	0	200,000	0
2.170	205	9,605,000	881,000	0	8,724,000
TOTAL	8,584	403,191,000	162,757,000	28,790,000	211,644,000

 

Friday:  12 11 2010  CLOSING

MARKET  CORRECTION  &  FRIDAY  FEVER

3Q  7% GST  dIscOUnt

Time	Price	Trade Size	Bid-Ask
17:05:03	2.130	1,706,000	Sold To Buyer
17:05:03	2.130	1,706,000	Sold To Buyer
17:05:03	2.130	969,000	Sold To Buyer
16:59:59	2.130	160,000	Sold To Buyer
16:59:58	2.130	9,000	Sold To Buyer
16:59:57	2.130	10,000	Sold To Buyer
16:59:56	2.130	8,000	Sold To Buyer
16:59:55	2.140	5,000	Bought From Seller
16:59:54	2.132	20,000	X
16:59:53	2.130	8,000	Sold To Buyer
16:59:53	2.130	10,000	Sold To Buyer
16:59:52	2.130	50,000	Sold To Buyer
16:59:51	2.140	5,000	Bought From Seller
16:59:50	2.130	1,000	Sold To Buyer
16:59:50	2.140	17,000	Bought From Seller
16:59:48	2.131	35,000	X
16:59:48	2.140	3,000	Bought From Seller
16:59:47	2.140	12,000	Bought From Seller
16:59:44	2.140	10,000	Bought From Seller
16:59:43	2.140	5,000	Bought From Seller
16:59:41	2.140	11,000	Bought From Seller

42:21

2.130

1,000,000

Sold To Buyer

16:35:58

2.130

2,394,000

Bought From Seller

15:56:06	2.120	1,018,000	Sold To Buyer
15:56:04	2.120	1,000	Sold To Buyer
15:56:03	2.120	2,152,000	Sold To Buyer

15:32:46

2.130

2,000,000

Bought From Seller

15:03:42

2.120

1,532,000

Bought From Seller

15:03:28

2.120

2,000,000

Sold To Buyer

14:58:43

2.120

1,000,000

Sold To Buyer

14:57:52

2.120

3,405,000

Bought From Seller

14:40:59

2.110

1,695,000

Sold To Buyer

14:19:13

2.110

1,400,000

Sold To Buyer

14:14:35	2.120	3,219,000	Sold To Buyer
14:14:35	2.120	4,820,000	Sold To Buyer

strOng  bUy  Up

bOth  Openings  [mOrnIng  &  afternOOn]

 

UOb  is  always  a  slOw  wOrker    ? ? ? ?

enghou      ( Date: 12-Nov-2010 16:58) Posted: Genting Singapore – Singapore HOLD (Maintained) Results • Genting Singapore’s (GENS) 3Q10 EBITDA and net profit fell to S$347.6m (-31.2% qoq) and S$187.8m (-52.6% qoq), at the lower end of consensus expectations, but in line with our expectation. The estimated 3Q10 gaming EBITDA fell about 30% qoq to S$320m-330m. Resorts World Sentosa’s revenue fell 15% qoq reflecting principally an estimated 21% qoq fall in VIP revenues and 5% fall in mass market revenues. The VIP-mass market gross gaming revenue (GGR) mix was about 55%:45%. • Ebitda margins disappointingly declined 11.2ppt qoq to 46.7%, which management attributed to a normalised win rate of around 2.85% (estimate for 2Q10: >3.5%), and cost ramp up of non-gaming operations. We reckon also (taking the cue from Marina Bay Sands’ results) that marketing expenses and commission rate related to the VIP segment rose as well. • Positively, we reckon that the rolling chip volume eased only slightly qoq, and dependency on locals have waned, with firm patronage from China patrons (10-20% of mass market GGR, >20% of VIP GGR). Key Financials Year to 31 Dec (S$m) 2008 2009 2010F 2011F 2012F Net turnover 630.7 491.2 2,967.4 3,509.9 3,810.8 EBITDA 27.1 (52.1) 1,357.8 1,574.7 1,683.9 Operating profit (15.8) (89.9) 1,049.7 1,228.0 1,335.0 Net profit (rep./act.) (124.8) (277.6) 273.0 885.7 991.3 Net profit (adj.) (57.2) (167.0) 723.3 885.7 991.3 EPS (S$ cent) (0.5) (1.4) 6.0 7.3 8.2 P/E (x) (483.1) (165.6) 38.2 31.2 27.9 P/BV (x) 10.1 6.7 6.3 5.2 4.4 EV/EBITDA (x) 1,078.3 (560.9) 21.5 18.6 17.4 Dividend yield (%) 0.0 0.0 0.0 0.0 0.0 Net margin (%) (19.8) (56.5) 9.2 25.2 26.0 Net debt/(cash) to equity (%) 11.0 23.8 33.0 16.9 0.1 Interest cover (x) 0.4 (0.9) 8.0 9.8 12.1 ROE (%) (4.1) (8.1) 6.4 18.3 17.1 Consensus net profit - - 708.4 1,070.8 1,215.7 UOBKH/Consensus (x) - - 1.02 0.83 0.82 Source: Genting Singapore PLC , Bloomberg, UOB Kay Hian Regional Morning Notes Friday, November 12, 2010 • Improved 4Q10 trends foreseen. Daily GGR could sustain at S$10m (+10% qoq) in the seasonally stronger 4Q10, reflecting better rolling chip volume and drop, due to seasonality (e.g. long school holidays in Malaysia and Singapore; also note that 3Q10 patronage was also slightly affected by ‘ghost month’ in August). We also understand that the luck factor from mid-October has improved, from a poor start. • However, market leadership could slip from 3Q10’s 53% share, with RWS’ daily GGR in October trailing MBS’ daily GGR of S$10.9m through the first half of October. • Too much hope on junket? GENS hopes for Singapore to award its first junket operator license by early-11, and that the junket business would be significant (although management is unwilling to speculate on the size). However, our forecasts have not factored in big bottom line contributions from this segment as: a) the issuance of junket licence may be delayed until after Singapore’s general election, b) participation from junket operators may be limited (considering Singapore’s onerous disclosure requirements), c) casinos are already directly dealing with many junkets’ patrons, and d) margins from this segment is a lot thinner due to high commission rates (potentially up to 1.6% vs industry average of 1.3%). Earnings Revision/Risk • No change to our 2010-12 earnings forecasts, which impute a 2011F GGR of S$6.0b-6.5b and 50% share for RWS. While there could be some upside to our GGR forecast, there could be downside at the casino operation’s EBITDA margin (3Q10’s estimated 51% is below our 2011 forecast of 54%). For 2011, we expect RWS’ casino operation to sustain an average quarterly EBITDA of S$350m in 2011. Valuation/Recommendation • Maintain HOLD with fair price of S$1.85 or 15x FY11 EV/EBITDA in acknowledgement that a bull market scenario can sustain a high EV/EBITDA multiple to GENS. GENS also trades at a rich 13x 2011 EV/EBITDA even assuming the top end of consensus EBITDA (S$2.2b). While the shares are trading above our fundamental valuation, we retain our HOLD call for its good long-term prospects. Entry price: S$1.85. Share Price Catalyst • Sharp recovery of earnings. • Legalisation of junket operators. • Japan legalising casino, although the timeline can still be remote. • On the negative side, any evidence of slowing gaming revenue momentum could cause a significant pullback. Source: UOB Kayhian Research Make love more, don't make more enemies