Expects 3Q EBITDA of $385 million vs $504 million in 2Q; “while the headline 24% sequential decline appears steep, 2Q margin was predicated on a very high VIP hold, while the (Marina Bay Sands) ramp up in both VIP and mass during 3Q has been rapid.”

Yes..... Listen to Pharoah.....
White Candle
BullishTempo ( Date: 21-Oct-2010 16:22) Posted:
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pharoah88 ( Date: 21-Oct-2010 16:20) Posted:
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SnowCloud ( Date: 21-Oct-2010 16:12) Posted:
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Waiting for a white candle may be a bit late.
SnowCloud ( Date: 21-Oct-2010 16:12) Posted:
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I will actually go for 2.16 but just cause BT recommendation, I bought a few.
Tonight I go to the beach for seafood in Bandar Jakarta.
SnowCloud ( Date: 21-Oct-2010 16:12) Posted:
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SnowCloud ( Date: 21-Oct-2010 16:12) Posted:
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BullishTempo ( Date: 21-Oct-2010 16:09) Posted:
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2.23/2.24 leh ... I come back see is here again....
Ok.. I go off again....
BullishTempo ( Date: 21-Oct-2010 15:54) Posted:
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SnowCloud ( Date: 21-Oct-2010 16:07) Posted:
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ECONOMIC REPORT
Oct. 20, 2010, 11:34 p.m. EDT
China’s economy cools but remains strong
Analysts say slowdown more a function of comparison with 2009
‹ Previous Column
First Take ›
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — China’s economic growth cooled in the third quarter, while September consumer prices rose at their strongest pace in nearly two years, but analysts said there were few signs of a “double-dip” slowdown.
The economy grew 9.6% in the third quarter from a year earlier, easing from a 10.3% expansion in the second, the National Bureau of Statistics said Thursday. The rise outpaced consensus forecasts for an expansion of 9.5%, according to a poll by Dow Jones Newswires, though many of these forecasts were nudged up recently from 9.3%.
Analysts said that while gross domestic product growth was cooler than that of the previous quarter, the data series was now starting to suffer from comparison to the rapid economic recovery of a year ago, making the latest numbers look small in comparison.
Dollar’s fall could be good thing
Should the U.S. dollar take one for the home team? Ben Bernanke and Tim Geithner might want the U.S. currency to fall.
“Most investors understand base effect and have priced in such a ‘slowdown,’ so the fall of year-on-year growth is not bearish,” said Bank of America-Merrill Lynch analysts in a note following the data release.
Merrill said that the data weren’t pointing to a double-dip, as the economy expanded 9% to 9.2% on a quarter-on-quarter basis, according to its calculations. The Statistics Bureau doesn’t release quarter-on-quarter growth data.
BT.. now is a good time to enter ? What is the target price for GSP rated by analyst ?

cannotfind ( Date: 21-Oct-2010 15:57) Posted:
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cannotfind ( Date: 21-Oct-2010 15:55) Posted:
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UBS cuts Genting Singapore to Neutral; raises target |
Tags: Genting Singapore | Marina Bay Sands | UBS
WRITTEN BY DOW JONES & CO, INC |
THURSDAY, 21 OCTOBER 2010 10:50 |
UBS downgrades Genting Singapore (G13.SG) to Neutral vs Buy, says “future still bright, but need to pause for breath.” Expects 3Q EBITDA of $385 million vs $504 million in 2Q; “while the headline 24% sequential decline appears steep, 2Q margin was predicated on a very high VIP hold, while the (Marina Bay Sands) ramp up in both VIP and mass during 3Q has been rapid.” Says such result may disappoint market, considering stock’s rapid rise, but if RWS delivers EBITDA in region of $375 million-$410 million in 3Q, “the bigger picture story remains perfectly valid: this is a casino resort that can generate $1.6 billion of EBITDA in year one of a seven-year duopoly.” Adds, any signs that 2Q VIP volumes at RWS unsustainable on structural reasons, “would be more of an issue.” Raises target to $2.39 vs $2.02, ups 2011E EBITDA by around 11% to $1.8 billion. Shares off 1.3% at $2.23. |
BullishTempo ( Date: 21-Oct-2010 15:54) Posted:
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Raptor22 ( Date: 21-Oct-2010 15:53) Posted:
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cannotfind ( Date: 21-Oct-2010 15:52) Posted:
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