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Genting Sing    Last:0.73    -0.005

GenSp starts to move up again

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Bon3260
    12-Nov-2010 09:07  
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There was a signal on 10-Nov-2010 (Wed) actually...

 

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Bon3260      ( Date: 10-Nov-2010 14:28) Posted:

Wat I c Genting Sp now's 大鱼在放票...

 

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risktaker      ( Date: 10-Nov-2010 13:58) Posted:



I hear from rumor a lot of people lose big money in RWS during Aug-Sept....  The results should beat expectation of 380Million.....
Maybe Zhou Yu will change the direction later.

Good luck & Last Ang Bao from me before I go Holiday.


 
 
epliew
    12-Nov-2010 09:04  
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good ..... some auntie and uncle will panic or not ?

Raptor22      ( Date: 12-Nov-2010 00:16) Posted:



Relax guys. Genting's still have fundamentals. London casino was not factored in the 3Q results. So 4Q should be good.

Without the London casino factoring in, they still make commendable quantitative profit comparable or better than other stocks that have announced 30+ % profits.

 

Tomorrow's Strait Times may give you some happy news.

Nov 11, 2010

RESORTS WORLD Q3 RESULTS

Resorts World draws $732m

Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year. -- PHOTO: NP





GENTING Singapore continues to lead the field in what is shaping up to a two-horse race in Singapore's booming gaming market.

The Asian gaming giant announced on Thursday that Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year.

On Thursday, it also announced a slew of plans to make the Universal Studios Singapore a top attraction, as it seeks to boost capacity from 8,000 to 18,000.

Although falling short of its performance last quarter, when the integrated resort's (IR) cash tills rang up $860.8 million in revenue to produce pre-tax profits of $503.5 million, RWS still managed to edge ahead of arch rival Marina Bay Sands (MBS).

Last month, MBS owner Las Vegas Sands said the IR pulled in revenues of $631 million, making a pre-tax profit of $315 million for the period ended Sept 30 - its first full quarter of operations since opening in April.

But, MBS enjoyed a higher profit margin of 49.7 per cent, compared to RWS' 47 per cent over the same period, even though RWS had a headstart after opening in phases from January.

 
 
Ucrano
    12-Nov-2010 08:59  
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I agree. But their roar does seem quite powerful. So many shorters. Hopefully its just the opening period. Cos normally BBs will come in later.
 

 
ampsteve
    12-Nov-2010 08:55  
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rationale is bears are trying to scare ppl by roaring ... they are spreading fear throughout the site, they are shorting the market on fears that they create ... unbelievable ... make profit ppl still shout short .... as if the BBs will short this counter ... it's the investment companys and hedge funds that make the call
 
 
Ucrano
    12-Nov-2010 08:49  
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Fundamentals strong and continuing making money. But still short? What's the rationale behind shorting?
 
 
teeth53
    12-Nov-2010 08:42  
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Result not as good or better then 2Q, getting ready - shortist at work.
 

 
pharoah88
    12-Nov-2010 08:39  
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GENTING  SP  is nOt  BAD

bUt  jUst  nOt  EXCELLENT

in its first 3Q.

 


 

The  System  continues  to 

PRINT  CASH  DAILY

and  RWS  business  continues  to 

GROW  tIll  MATURITY.

 


 

4Q  wIll  sUrely  be  beTTer  than  3Q

tO  CELEBRATE  its  1st  Year  Achievement

 


 

C H E E R S !
 
 
AK_Francis
    12-Nov-2010 01:54  
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Dear sifu, u r farsighted loh, henc u Q now to sell short for tomorrow, say 10 bits below 2.28, ie 2.18, sure u make tons of money liao. Make more, if it really drops till 1.80 as u expected. Brilliant trader, Congrates.



FearValueGreed      ( Date: 12-Nov-2010 01:46) Posted:



This one will drop back to $1.80

Expectation as high as genting hill

Result is below last Q -----means lau side

If tmr can support at $2.10 , will be good,otherwise will be John ltittle sales

 
 
FearValueGreed
    12-Nov-2010 01:46  
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This one will drop back to $1.80

Expectation as high as genting hill

Result is below last Q -----means lau side

If tmr can support at $2.10 , will be good,otherwise will be John ltittle sales
 
 
tradermonster
    12-Nov-2010 00:32  
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SELL HIGH NOW AND BUY LOW LATER.
 

 
Raptor22
    12-Nov-2010 00:26  
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Trade with care. Hold if you can.

 

"On Thursday, it also announced a slew of plans to make the Universal Studios Singapore a top attraction, as it seeks to boost capacity from 8,000 to 18,000." 

Average amount each visitor spends pre day at USS is $81, not counting the daddies and mummies spending at the casino, family staying at its hotel.

And until their govt act, Malaysians as far as Penang are taking free coach services to RWS (and MBS) -- M'sain news.

 

Cheers.


 

 

 

 


 
 
iApple
    12-Nov-2010 00:20  
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disiao...good point...
u lead me to look at the cash flow..
the finding is as follow:

Total net cash flow increase from 3.420 b (Q2 10)  to 3.529 b (Q3 10) = + 2.9 %

Non Current Liabilities also dropped from 4.46 B (Q2 10) to 3.93 B ( Q3 10) =  -11.88 %

Q3 result gives relatively realistic view of Genting financial situation? as RWS is up and competiting with Genting...
with the substainable revenue and increasing cash flow...Genting can definitely able to pay back its debts soon

Positive factors:

Q4 holidays (golden weeks-Rich china men & officials, X mas, new eve)

Do u know how many company D&D , family days were hold in RWS?  big banks...

P.S > all these are not for tml BUY/SHORT CALL thx.

Just trying to make sense before some idiotic bank analyst to downgrade it.

 

 




disiao      ( Date: 11-Nov-2010 23:38) Posted:

$397 Million = $3.97B????

Do your maths....wahahaha....



samson      ( Date: 11-Nov-2010 23:21) Posted:



Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

 http://www.channelnewsasia.com/stories/corporatenews/view/1016263/1/.html


1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3


 
 
Raptor22
    12-Nov-2010 00:16  
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Relax guys. Genting's still have fundamentals. London casino was not factored in the 3Q results. So 4Q should be good.

Without the London casino factoring in, they still make commendable quantitative profit comparable or better than other stocks that have announced 30+ % profits.

 

Tomorrow's Strait Times may give you some happy news.

Nov 11, 2010

RESORTS WORLD Q3 RESULTS

Resorts World draws $732m

Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year. -- PHOTO: NP





GENTING Singapore continues to lead the field in what is shaping up to a two-horse race in Singapore's booming gaming market.

The Asian gaming giant announced on Thursday that Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year.

On Thursday, it also announced a slew of plans to make the Universal Studios Singapore a top attraction, as it seeks to boost capacity from 8,000 to 18,000.

Although falling short of its performance last quarter, when the integrated resort's (IR) cash tills rang up $860.8 million in revenue to produce pre-tax profits of $503.5 million, RWS still managed to edge ahead of arch rival Marina Bay Sands (MBS).

Last month, MBS owner Las Vegas Sands said the IR pulled in revenues of $631 million, making a pre-tax profit of $315 million for the period ended Sept 30 - its first full quarter of operations since opening in April.

But, MBS enjoyed a higher profit margin of 49.7 per cent, compared to RWS' 47 per cent over the same period, even though RWS had a headstart after opening in phases from January.
 
 
disiao
    11-Nov-2010 23:38  
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$397 Million = $3.97B????

Do your maths....wahahaha....



samson      ( Date: 11-Nov-2010 23:21) Posted:



Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

 http://www.channelnewsasia.com/stories/corporatenews/view/1016263/1/.html


1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3

 
 
novicealex
    11-Nov-2010 23:38  
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Please check out your units.. Billion and Million makes a great different..

samson      ( Date: 11-Nov-2010 23:21) Posted:



Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

 http://www.channelnewsasia.com/stories/corporatenews/view/1016263/1/.html


1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3

 

 
iApple
    11-Nov-2010 23:35  
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More correctly, Q4  Oct - Dec 10
Oct holidays include China National Days..their Golden weeks. 10 days!!!
Nov holidays include our Deepavali & Hari Raya Haji

Dec holidays: X'mas and New year eve
Anyone work in tourism... pls share the Q3 and forecast Q4 tourism?no. of tourists visited S'pore?




samson      ( Date: 11-Nov-2010 23:21) Posted:



Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

 http://www.channelnewsasia.com/stories/corporatenews/view/1016263/1/.html


1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3

 
 
samson
    11-Nov-2010 23:21  
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Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

 http://www.channelnewsasia.com/stories/corporatenews/view/1016263/1/.html


1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3
 
 
samson
    11-Nov-2010 23:18  
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Genting's SP Mr Lim as saying the project, which cost S$6.6 billion.

Genting Singapore earned a net profit of  S$397 million  in 2 quarter.

Genting Singapore earned a net profit of S$188 million in its 3 quarter.

Total revenue in the third quarter jumped to S$744 million

S$979 million in the second quarter

How long Genting Singapore need to make S$6.6 billion.

S$ 3.97 B  + S$ 1.88 B = S$ 5.85 Bilion

1 year  ?   1 .5 year ?  or 2 year ?

Good for Long terms Investment 

Next Quarter TP S$ 3


 
 
 
CheongCK
    11-Nov-2010 22:18  
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3Q Results shows Genting SP income is sustainable and is set to perform better than initially anticipated even with MBS in full operation.

with 2nd Phase due to complete and open on 2011 and 2012, Maritime Xperience Museum and the Marine Lift Park, SPA and Hotel will bring in more guests and Genting SP will definitely surpass that of MBS.

Worth vested for long.
 
 
limkt009
    11-Nov-2010 21:37  
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Q2 EBITDA was S$503.5M from a revenue of S$860.8M. Q3 revenue was S$731.8M.
 
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