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Pension, does that mean good news?
Sorry for the late reply, Yes is from UOB KayHian. But why there no volume in this counter n also is it going to expiry this comong 29 oct
hi bistrio390,
u hvnt tell me whether
(1) is your internet broker - uobkayhian?
if yes, refer to my previous posting
(2) u need to check the price that u traded with, how much u needed to pay? u also can get it from your porfolio
e.g if u said u have bought 10 lots says based on yesterday closing $0.70, u may need to pay $7000 ++. This applies to a normal lot transaction.
Hi appreciate yr mail..... But me slow n new dun get what you mean. Is it that Gent int 200 will expiry 29 Oct 07. Then the 10 lot i just bought yesterday will become waste paper meaning $0.00
hi bistrio390,
did u use uobkayhian to purchase the genting shares?
if yes, u may want to refer to their announcement
Please note that a temporary trading counter for Genting International 200 (DI3) will commence trading on 28 Sep 07 and cease trading on 29 Oct 07. During this period, contract details of trades done for - Genting International (G13) - Genting International 200 (DI3) will both reflect in the portfolio and account management pages as Genting International 200 (DI3) only. Example
Client can still sell her shares through the Genting International (G13) counter. Clients are advised to practice caution when placing orders for the stock and also verify their stockholdings against their CDP statements |
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Any advice on this Gen int and Gen int 200
Las Vegas Sands, Wynn shares drop on Macau concerns
Will the concern affect genting share ????
Hi to all expert out there.... Need some adviced on this small issue to enlighten me. Yesterday first time using internet to buy stock but end up buying 'Gen Int 200' Actually wanted to buy Gent Int. By the way what the different. Thk
Las Vegas Sands, Wynn shares drop on Macau concerns
By Chris Reiter
NEW YORK, Oct 3 (Reuters) - The shares in Macau casino operators Las Vegas Sands Corp (LVS.N: Quote, Profile, Research) and Wynn Resorts Ltd (WYNN.O: Quote, Profile, Research) fell sharply on Wednesday because of signs of disappointing growth in the Chinese gambling haven.
Morgan Stanley said preliminary September gaming revenue for Macau indicated growth of 55 percent, below the broker's forecast of 75 percent.
"The gaming revenue number implies that the new supply that came to the market shifted revenue rather than grew the market incrementally," Morgan Stanley analyst Celeste Mellet Brown said in a note. "We also believe mass market revenue growth for the entire market was disappointing."
Las Vegas Sands, which is spearheading the massive Cotai Strip development, and Wynn are betting big on Macau.
"It's such a speculative investment at this point because so much of the valuation is tied up in properties that haven't opened yet," said Matthew Jacob, an analyst with Majestic Research.
Las Vegas Sands shares, which rose 54 percent this year before Wednesday's fall, plunged $17.03, or 11.8 percent, to close at $127.53 on the New York Stock Exchange, wiping out about $6 billion of the company's market value.
Wynn shares, which had risen 77 percent this year before Wednesday, fell $16.43, or 9.9 percent, to close at $149.40 on Nasdaq, as its market capitalization fell about $1.7 billion.
TOURISTS RATHER THAN GAMERS
In late August, Las Vegas Sands opened the $2.4 billion Venetian Macau, the world's largest casino and the cornerstone of a $24 billion effort to bring Las Vegas-style gaming to the Chinese gambling enclave.
Like Las Vegas Sands, Wynn is expanding in Macau. It plans to spend $550 million to $600 million on the planned Wynn Diamond Suites, which is expected to open in 2010. When completed, Wynn expects to invest $1.2 billion on its existing Wynn Macau casino.
"Visitors to the Venetian seem to be more leisure players, as opposed to more dedicated bettors," said Vance Wells, executive vice president at China Primary Reseach, which tracks the Macau gaming market.
He said growth in Macau's mass market gaming has been relatively flat and is not expected to keep pace with supply growth in the short term.
Meanwhile, competition for high rollers between Las Vegas Sands, Wynn, Melco PBL's (MPEL.O: Quote, Profile, Research) Crowm Macau, and the Grand Lisboa Casino, controlled by Macau gaming tycoon Stanley Ho, has been heating up, in some cases leading to higher commission rates paid to junket operators.
"We're not seeing them being able to (lower commission rates)," Wells said.
Last week, Wynn launched a new share offering, raising about $682 million. The issue was priced at $158 per share.
By Chris Reiter
NEW YORK, Oct 3 (Reuters) - The shares in Macau casino operators Las Vegas Sands Corp (LVS.N: Quote, Profile, Research) and Wynn Resorts Ltd (WYNN.O: Quote, Profile, Research) fell sharply on Wednesday because of signs of disappointing growth in the Chinese gambling haven.
Morgan Stanley said preliminary September gaming revenue for Macau indicated growth of 55 percent, below the broker's forecast of 75 percent.
"The gaming revenue number implies that the new supply that came to the market shifted revenue rather than grew the market incrementally," Morgan Stanley analyst Celeste Mellet Brown said in a note. "We also believe mass market revenue growth for the entire market was disappointing."
Las Vegas Sands, which is spearheading the massive Cotai Strip development, and Wynn are betting big on Macau.
"It's such a speculative investment at this point because so much of the valuation is tied up in properties that haven't opened yet," said Matthew Jacob, an analyst with Majestic Research.
Las Vegas Sands shares, which rose 54 percent this year before Wednesday's fall, plunged $17.03, or 11.8 percent, to close at $127.53 on the New York Stock Exchange, wiping out about $6 billion of the company's market value.
Wynn shares, which had risen 77 percent this year before Wednesday, fell $16.43, or 9.9 percent, to close at $149.40 on Nasdaq, as its market capitalization fell about $1.7 billion.
TOURISTS RATHER THAN GAMERS
In late August, Las Vegas Sands opened the $2.4 billion Venetian Macau, the world's largest casino and the cornerstone of a $24 billion effort to bring Las Vegas-style gaming to the Chinese gambling enclave.
Like Las Vegas Sands, Wynn is expanding in Macau. It plans to spend $550 million to $600 million on the planned Wynn Diamond Suites, which is expected to open in 2010. When completed, Wynn expects to invest $1.2 billion on its existing Wynn Macau casino.
"Visitors to the Venetian seem to be more leisure players, as opposed to more dedicated bettors," said Vance Wells, executive vice president at China Primary Reseach, which tracks the Macau gaming market.
He said growth in Macau's mass market gaming has been relatively flat and is not expected to keep pace with supply growth in the short term.
Meanwhile, competition for high rollers between Las Vegas Sands, Wynn, Melco PBL's (MPEL.O: Quote, Profile, Research) Crowm Macau, and the Grand Lisboa Casino, controlled by Macau gaming tycoon Stanley Ho, has been heating up, in some cases leading to higher commission rates paid to junket operators.
"We're not seeing them being able to (lower commission rates)," Wells said.
Last week, Wynn launched a new share offering, raising about $682 million. The issue was priced at $158 per share.
Is the genting BB still sleeping? They would visit Genting at least once a day.
still waiting to buy more in the coming month, keep for 2010
just have few beer with some expert, they caution me to trade with care, china fever going to over soon.
i unloaded at 0.725 and 0.715 range but bought back in today at 0.700. long term investment but if can get some short term gain as kopi money, why not 
Believe genting will still drop even without the report as there is profit taking in the market now
Down to 0.695 now...it does have some effect
yeah yeah the JP Morgan reports seems to have no major effects in GENTING PRICES holding between 0.710 to 0.715 strong support range.....
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October 2, 2007, 9.52 am (Singapore time) |
|
JPMorgan cuts Genting price target to $0.75 SINGAPORE - JPMorgan has cut its price target for shares of Genting International to $0.75 from $0.85 and maintained a 'neutral' rating, adjusting for the gambling firm's enlarged share capital after its $2.2 billion (US$1.5 billion) rights issue. JPMorgan analyst Sit Yin Wong said in a client note that Genting's earnings matter little at this stage, and focus would be on the company's successful execution of the Sentosa casino resort over the next two years. -- REUTERS |
GenInt ought to get the Casino licence early so that it can make its own design of the Casino House. The initial delay due to HK Casino Giant got involved in the controvesal buying stake issue. Now, someone still watching and considering the final decision to issue the Casino Licence, to who? You All smart guy there sure will know who is the one behind the scence.
Like SGX, why its shares surged thats far? Simply, speculation of cross-stake acquiring, both in local and Glober. AK, predict that one of the Giant Coy in local may render helping hand to buy in some stake of GenInt.
BTW, few days ago, before I went Korea for tour on 14 Sep 07, I bought 2 lots of SGX at $10.50(after it slided fr $10.90). I cleared them at 13.50 and 13.20 on 24 and 25 Sep respectively.
I bought in 3 lots of SGX on 1 Oct 07 at 13.40, hoping to enjoy the 30 cents Dividend, within a week in Oct 07. Surprisingly, after XD, the SGX share didn't fall but today lifted 90 cents. The moral of the storry is, if you hv enouogh loose cash, pse consider SGX. Cheers.
Loyfam, it's better for you to wait for correction. In investment we need to get in at a proper time. in SGX there are arround 700 counters. I'm sure you can find another good one. :)