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good result ya..... today cheong .......
kgaihc ( Date: 13-Nov-2010 22:31) Posted:
this is the 3rd qtr result for genting hk's NCL
bladez87 ( Date: 13-Nov-2010 21:52) Posted:
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good results, cheong today ?
ruanlai ( Date: 14-Nov-2010 18:17) Posted:
| Yup is the result for the NCL - partial result for Genting HK. |
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Yup is the result for the NCL - partial result for Genting HK.
Source from SGX.com - Genting Hongkong Recent 3 Months Company anouncement
I remember this was posted back in 20 Sept...not something new..
tradermonster ( Date: 14-Nov-2010 00:13) Posted:
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THE NEXT GENTING SINGAPORE?
Source: Bloomberg
Genting Hong Kong hasn’t yet shed its concept stock image, and is still in the process of being “discovered” by the market. Formerly known as Star Cruises, the company has been trying to recast itself as an up-and-coming casino play in the vein of Genting Singapore. It owns a 50% stake in Resorts World Manila (RWM), which opened in August 2009 and is now apparently seeing its revenues surge.
The full cost of developing RWM is said to be just US$550 million, a fraction of the $6.5 billion that Genting Singapore spent here. Yet, when it is completed, the Manila property could dwarf what Genting Singapore has built on Sentosa. To date, only 213 tables and 1,200 slot machines are operational in Manila and the resort is 55% completed. This month, a third gaming floor will be commissioned, hosting an extra 40 to 50 tables.
RWM has already opened the Maxim’s Hotel, and will be completing the Crockfords Villas soon. In addition, some 30,000 sq m of retail space is being opened and a 1,500-seat theatre has been commissioned. The 712-room Remington Condotel will open in 1Q2011. “These ancillary facilities should meaningfully lift daily visitorship from the 6,500 to 7,000 presently,” says local research house UOB KayHian in a recent report.
By year-end, 300 tables and 1,300 slot machines will likely be up and running. RWM will have 2,000 tables and 7,000 slot machines when fully completed. Moreover, RWM is just across the highway from the soon-to-be-opened Ninoy Aquino International Airport’s new terminal. Genting Hong Kong is exploring the construction of a walkway connecting RWM to the airport with the airport authority, UOB Kay- Hian says.
GENTING HK HAVE BUSINESS INTEREST IN:-
- RESORT WORLD MANILA - HOTEL & RESORT & CASINO
- STAR CRUISES - CRUISES
- NCL - CRUISES
- UNION BANK OF COLOMBO LIMITED - BANKING
- UNKNOWN - CASINO IN SRI LANKA (CASINO LEGALISED IN NOV) & MACAU & TAIWAN (DECEMBER 2010?)
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problem with this counter is that the price is denominated in USD. if in SGD then can hold
but how to buy it in HKD ah?
THE NEXT GENTING SINGAPORE?
Source: Bloomberg
Genting Hong Kong hasn’t yet shed its concept stock image, and is still in the process of being “discovered” by the market. Formerly known as Star Cruises, the company has been trying to recast itself as an up-and-coming casino play in the vein of Genting Singapore. It owns a 50% stake in Resorts World Manila (RWM), which opened in August 2009 and is now apparently seeing its revenues surge.
The full cost of developing RWM is said to be just US$550 million, a fraction of the $6.5 billion that Genting Singapore spent here. Yet, when it is completed, the Manila property could dwarf what Genting Singapore has built on Sentosa. To date, only 213 tables and 1,200 slot machines are operational in Manila and the resort is 55% completed. This month, a third gaming floor will be commissioned, hosting an extra 40 to 50 tables.
RWM has already opened the Maxim’s Hotel, and will be completing the Crockfords Villas soon. In addition, some 30,000 sq m of retail space is being opened and a 1,500-seat theatre has been commissioned. The 712-room Remington Condotel will open in 1Q2011. “These ancillary facilities should meaningfully lift daily visitorship from the 6,500 to 7,000 presently,” says local research house UOB KayHian in a recent report.
By year-end, 300 tables and 1,300 slot machines will likely be up and running. RWM will have 2,000 tables and 7,000 slot machines when fully completed. Moreover, RWM is just across the highway from the soon-to-be-opened Ninoy Aquino International Airport’s new terminal. Genting Hong Kong is exploring the construction of a walkway connecting RWM to the airport with the airport authority, UOB Kay- Hian says.
GENTING HK HAVE BUSINESS INTEREST IN:-
- RESORT WORLD MANILA - HOTEL & RESORT & CASINO
- STAR CRUISES - CRUISES
- NCL - CRUISES
- UNION BANK OF COLOMBO LIMITED - BANKING
- UNKNOWN - CASINO IN SRI LANKA (CASINO LEGALISED IN NOV) & MACAU & TAIWAN (DECEMBER 2010?)
Hmm...about US$75 mil = S$96 Mil which is about 1/2 of GenSP....funny....the share price not trading at half of GenSP, about S$1.
Anyone can shed some light?
RWM's result is also out... but not star cruise.. Genting HK does half yearly result report..
can visit my blog for an draft estimate..
http://ainvestor.blogspot.com/2010/10/genting-hk-result-estimation.html
As we know that GenHK comprises of 3 business units, NCL, Star Cruise and RW-Manila.
So 3rd Qtr report that you guys put below is just for NCL right? What about Star Cruise and RWM?
Thanks.
this is the 3rd qtr result for genting hk's NCL
bladez87 ( Date: 13-Nov-2010 21:52) Posted:
source pls
ruanlai ( Date: 13-Nov-2010 15:09) Posted:
Genting HK RESULTS FOR THIRD QUARTER 2010
EBITDA for the third quarter of 2010 improved 21.4% to $184.1 million versus $151.6 million for the same period in 2009. The addition of Norwegian Epic to the fleet in June 2010 together with an improvement in Net Yield of 9.5% resulted in Net Revenue for the third quarter of 2010 increasing to $469.8 million from $390.0 million in the same period in 2009. The increase in Net Yield was a result of both improved passenger ticket pricing and increased onboard revenue per Capacity Day. Capacity days increased 10.1% with the addition of Norwegian Epic, which started regular service in mid-July, partially offset by the departure of Norwegian Majesty from the fleet in October 2009. Occupancy Percentage for the quarter was 113.2% versus 114.8% in 2009 with the slight decrease attributable to the initial phase-in period of Norwegian Epic. Net income for the quarter was $93.0 million on revenue of $634.1 million compared to net income of $85.6 million on revenue of $550.7 million in 2009. Net Cruise Cost per Capacity Day increased 8.9% primarily due to initial start-up costs related to the introduction of Norwegian Epic (which included inaugural events and advertising and promotion expenses), timing differences of maintenance and repair expenses including dry-dock costs, and a 13.9% increase in the average cost of fuel to $507 per metric ton in 2010 from $445 per metric ton in 2009. Interest expense, net of capitalized interest, increased to $46.2 million in the quarter compared to $25.8 million in 2009 due to higher average interest rates and an increase in borrowings related to the addition of Norwegian Epic. Other income improved to $1.6 million in 2010 versus an expense of $2.1 million in 2009 primarily due to gains on fuel derivatives in 2010 versus foreign currency losses in 2009. Updates The Company recently announced an agreement to build two new 4,000 passenger berth vessels for delivery in the spring of 2013 and 2014 at an aggregate contract price of approximately €1.2 billion. The Company has commitments in place from a syndicate of banks for export credit financing in connection with this project. |
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i cant find the results at the website nor sgx. donno where is his source
disiao ( Date: 13-Nov-2010 22:15) Posted:
| What's GenSP's EBITDA for 3rd Qtr 10? |
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What's GenSP's EBITDA for 3rd Qtr 10?
source pls
ruanlai ( Date: 13-Nov-2010 15:09) Posted:
Genting HK RESULTS FOR THIRD QUARTER 2010
EBITDA for the third quarter of 2010 improved 21.4% to $184.1 million versus $151.6 million for the same period in 2009. The addition of Norwegian Epic to the fleet in June 2010 together with an improvement in Net Yield of 9.5% resulted in Net Revenue for the third quarter of 2010 increasing to $469.8 million from $390.0 million in the same period in 2009. The increase in Net Yield was a result of both improved passenger ticket pricing and increased onboard revenue per Capacity Day. Capacity days increased 10.1% with the addition of Norwegian Epic, which started regular service in mid-July, partially offset by the departure of Norwegian Majesty from the fleet in October 2009. Occupancy Percentage for the quarter was 113.2% versus 114.8% in 2009 with the slight decrease attributable to the initial phase-in period of Norwegian Epic. Net income for the quarter was $93.0 million on revenue of $634.1 million compared to net income of $85.6 million on revenue of $550.7 million in 2009. Net Cruise Cost per Capacity Day increased 8.9% primarily due to initial start-up costs related to the introduction of Norwegian Epic (which included inaugural events and advertising and promotion expenses), timing differences of maintenance and repair expenses including dry-dock costs, and a 13.9% increase in the average cost of fuel to $507 per metric ton in 2010 from $445 per metric ton in 2009. Interest expense, net of capitalized interest, increased to $46.2 million in the quarter compared to $25.8 million in 2009 due to higher average interest rates and an increase in borrowings related to the addition of Norwegian Epic. Other income improved to $1.6 million in 2010 versus an expense of $2.1 million in 2009 primarily due to gains on fuel derivatives in 2010 versus foreign currency losses in 2009. Updates The Company recently announced an agreement to build two new 4,000 passenger berth vessels for delivery in the spring of 2013 and 2014 at an aggregate contract price of approximately €1.2 billion. The Company has commitments in place from a syndicate of banks for export credit financing in connection with this project. |
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真的吗?
Love love love
ruanlai ( Date: 13-Nov-2010 15:09) Posted:
Genting HK RESULTS FOR THIRD QUARTER 2010
EBITDA for the third quarter of 2010 improved 21.4% to $184.1 million versus $151.6 million for the same period in 2009. The addition of Norwegian Epic to the fleet in June 2010 together with an improvement in Net Yield of 9.5% resulted in Net Revenue for the third quarter of 2010 increasing to $469.8 million from $390.0 million in the same period in 2009. The increase in Net Yield was a result of both improved passenger ticket pricing and increased onboard revenue per Capacity Day. Capacity days increased 10.1% with the addition of Norwegian Epic, which started regular service in mid-July, partially offset by the departure of Norwegian Majesty from the fleet in October 2009. Occupancy Percentage for the quarter was 113.2% versus 114.8% in 2009 with the slight decrease attributable to the initial phase-in period of Norwegian Epic. Net income for the quarter was $93.0 million on revenue of $634.1 million compared to net income of $85.6 million on revenue of $550.7 million in 2009. Net Cruise Cost per Capacity Day increased 8.9% primarily due to initial start-up costs related to the introduction of Norwegian Epic (which included inaugural events and advertising and promotion expenses), timing differences of maintenance and repair expenses including dry-dock costs, and a 13.9% increase in the average cost of fuel to $507 per metric ton in 2010 from $445 per metric ton in 2009. Interest expense, net of capitalized interest, increased to $46.2 million in the quarter compared to $25.8 million in 2009 due to higher average interest rates and an increase in borrowings related to the addition of Norwegian Epic. Other income improved to $1.6 million in 2010 versus an expense of $2.1 million in 2009 primarily due to gains on fuel derivatives in 2010 versus foreign currency losses in 2009. Updates The Company recently announced an agreement to build two new 4,000 passenger berth vessels for delivery in the spring of 2013 and 2014 at an aggregate contract price of approximately €1.2 billion. The Company has commitments in place from a syndicate of banks for export credit financing in connection with this project. |
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Genting HK RESULTS FOR THIRD QUARTER 2010
EBITDA for the third quarter of 2010 improved 21.4% to $184.1 million versus $151.6 million for the same period in 2009. The addition of Norwegian Epic to the fleet in June 2010 together with an improvement in Net Yield of 9.5% resulted in Net Revenue for the third quarter of 2010 increasing to $469.8 million from $390.0 million in the same period in 2009. The increase in Net Yield was a result of both improved passenger ticket pricing and increased onboard revenue per Capacity Day. Capacity days increased 10.1% with the addition of Norwegian Epic, which started regular service in mid-July, partially offset by the departure of Norwegian Majesty from the fleet in October 2009. Occupancy Percentage for the quarter was 113.2% versus 114.8% in 2009 with the slight decrease attributable to the initial phase-in period of Norwegian Epic. Net income for the quarter was $93.0 million on revenue of $634.1 million compared to net income of $85.6 million on revenue of $550.7 million in 2009. Net Cruise Cost per Capacity Day increased 8.9% primarily due to initial start-up costs related to the introduction of Norwegian Epic (which included inaugural events and advertising and promotion expenses), timing differences of maintenance and repair expenses including dry-dock costs, and a 13.9% increase in the average cost of fuel to $507 per metric ton in 2010 from $445 per metric ton in 2009. Interest expense, net of capitalized interest, increased to $46.2 million in the quarter compared to $25.8 million in 2009 due to higher average interest rates and an increase in borrowings related to the addition of Norwegian Epic. Other income improved to $1.6 million in 2010 versus an expense of $2.1 million in 2009 primarily due to gains on fuel derivatives in 2010 versus foreign currency losses in 2009. Updates The Company recently announced an agreement to build two new 4,000 passenger berth vessels for delivery in the spring of 2013 and 2014 at an aggregate contract price of approximately €1.2 billion. The Company has commitments in place from a syndicate of banks for export credit financing in connection with this project.
SRI LANKA & INDIA stocks have risen mOst todate
SRI LANKA & INDIA companies have made mOst prOfIts this time
SRI LANKA UNION BANK which GENTING HK bOUght is very prOfItable
As long as GENTING HK shares profits fairly with them on WIN-WIN basis,
they will run a gOOd shOw for GENTING HK.
Many of them are employed in highly paid positions in Singapore as well.
epliew,
not being racist or anything, but things can get really rough dealing with this countries ; deals can be reneged without the blink of an eye and the judiciary doesn't help. just a word of concern because i experienced what happened...but i guess DC (David Chua) being an ex-investment banker should have most sides covered.
epliew ( Date: 12-Nov-2010 12:09) Posted:
but think again, they are quite smart. first the get a stake in a bank then they expand into casino..... they have been thinking in a long term planning....thus this is good strategy.......
epliew ( Date: 12-Nov-2010 12:07) Posted:
| why u hate the indian so much |
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