Genting Sing    Last:0.735   -

S$10/- Genting SP is S$122 billion worth after GIC

SINGAPORE, Aug 28 —  "Landmark case in Singapore on rigging the market" (Fine $250,000 for rigging share price - United Envirotech)

A landmark legal action - against a prominent S'pore fund manager who handles more than US$1B (RM3.5 billion) of assets got under way in the High Court.

Monetary Authority of Singapore (MAS) said in a statement that regulator "will not hestitate to pursue and take stern action against anyone who attempt to rig captital markets, regardless of whether the perpetretors is in Singapore or overseas". The Government of Singapore Investment Corporation (GIC) is among the manager's major clients.

Dr Tan Chong Koay, one of Singapore's pioneering boutique fund managers, is founder and chief executive of the Singapore unit, Pheim Asset Management (Asia), and Pheim Asset Management (Malaysia). The market-rigging lawsuit against Tan and the Malaysian unit has been brought by the Monetary Authority of Singapore (MAS).

On Dec 29, Pheim Malaysia bought 65,000 shares at 38.4 cents. The next day, 210,000 shares were bought at 42.9 cents.

On Dec 31, 85,000 shares were bought at 43.9 cents. Over the three days, the share price had jumped about 17 per cent.

This case touches on the practice of “window-dressing” where BBs may ramp up share prices.

A key concern at the year-end when the value of a fund is determined.

teeth53 thot - As there are as many BBs Fund Manager. Why pick only on Pheim ?. and not others...?

http://myinvestingnotes.blogspot.com/2009_08_01_archive.html (for more info- pls click)

 

The quicker the better, they can clear their debt sooner.

(Even bigger companies also do so as and when it is necessary.)

Cash calling, if not later, it can be soon, pending the owner.

In a form of shares placement, selling of right issue, bond sales, whatever it take.

Eureka. Genting SP has gone into over drive, hyper-active driving market sentiment.

Initial euphoria launched has not settle in yet, will it settle this coming Q or next ?.

hesperus      ( Date: 17-Sep-2010 09:28) Posted: I disagree with this Jigong has to say. True, last time they do come up with something to raise funds, but that was during the construction stage of the IR isn't it. Now they are running a profit making business, do they have to do this again? teeth53      ( Date: 16-Sep-2010 21:38) Posted: Jigong wrote: From CNA / Mkt forum The share price of Genting Sp won't be able to sustain! If you check the history of this counter, you would have noticed that every time when it went up to a certain level. They will come up with something to raise fund. After that the price will fall. Don't forget the the company is NOT giving out any dividend for the next two years! The yield is ZERO! teeth53 sharing some info (From - CNA). I thot so, they will have to pay off their debt, and this is also about their best time coming on top of $2/-. Err..may after hitting $2.38, giving away a more then 10% discount to investors.

 

Talk about Convenience  -------

People applaud the shut down of free bus service to casino with the thought of  hearlanders becoming addictive gamblers and the convenience they can get to the 2 casinos in singapore.

Is government going to SHUT down all the Internet Platforms like you and me are using now just because there are cases whereby , people ended their lives by playing shares and owing too much money to the brokerage companies??  This service is approved by MAS ?

Is government going to shut down the POOLs Connectz (whereby betting 4-D / Toto thru phone line) becos this is providing convenience to the general publice??

Is government to shut down the handheld gadget that provided by  Singapore Turf Club??

Something worth to ponder over.

 

teeth53      ( Date: 16-Sep-2010 19:15) Posted: On this day. 49 analyst upgrades and 27 downgrades. A remarkable 76 changes in total during this past years. S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC) Punters is, so happy punting. everyday is always a Sunday. Today it closed above S$2/-

 

Hoho, if like  SRS or any Airborne outbreak, Casino will be affected , unless they got plan for this. But, others like Singapore pools, and horse racing, seem not much affected  ----

As in Betting on 4-D, Toto, people still can go thru the singapore Pools Connectz. (Sigapore Pools dame smart ).   HOrse racing still can bet thru the hand held gadget. 

epliew      ( Date: 16-Sep-2010 19:18) Posted: if long term no virus outbreak..... this will be true....   if kena SARS or H1N1....... will be a sad story. teeth53      ( Date: 16-Sep-2010 19:15) Posted: On this day. 49 analyst upgrades and 27 downgrades. A remarkable 76 changes in total during this past years. S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC) Punters is, so happy punting. everyday is always a Sunday. Today it closed above S$2/-

 

I disagree with this Jigong has to say. True, last time they do come up with something to raise funds, but that was during the construction stage of the IR isn't it. Now they are running a profit making business, do they have to do this again?

teeth53      ( Date: 16-Sep-2010 21:38) Posted: Jigong wrote: From CNA / Mkt forum The share price of Genting Sp won't be able to sustain! If you check the history of this counter, you would have noticed that every time when it went up to a certain level. They will come up with something to raise fund. After that the price will fall. Don't forget the the company is NOT giving out any dividend for the next two years! The yield is ZERO! teeth53 sharing some info (From - CNA). I thot so, they will have to pay off their debt, and this is also about their best time coming on top of $2/-. Err..may after hitting $2.38, giving away a more then 10% discount to investors.

 

Jigong wrote: From CNA / Mkt forum

The share price of Genting Sp won't be able to sustain! If you check the history of this counter, you would have noticed that every time when it went up to a certain level. They will come up with something to raise fund. After that the price will fall. Don't forget the the company is NOT giving out any dividend for the next two years! The yield is ZERO!

teeth53 sharing some info (From - CNA).

I thot so, they will have to pay off their debt, and this is also about their best time coming on top of $2/-.

Err..may after hitting $2.38, giving away a more then 10% discount to investors.

 

Have profit, remember always leave some for others.

Is one man joy, is another man meat.

English to Chinese translation

AK_Francis      ( Date: 16-Sep-2010 21:01) Posted: Ha ha, taking the drastic action on stopping free bus services as exp. Touch wood, if any local, jumpping fr 1st floor to second floor to kill ownself, owing to loosing huge $ in any Casino, guesses wat Garment will react? Or during meet the MP session, residences bringing issues on family pillars endulged in gambling n forgot about the families?　Hence, be alert about any consequences related to Casino, esp for d local, as dun know when another drastic action be taken by d Garmentr to stop d stredegy liao. Hope not loh, AK guesses liao.　 teeth53      ( Date: 16-Sep-2010 20:32) Posted: For further elaboration.... By hitting at $3/- target, it will be value at $36.5 billions and making it more valuable then this three big banks combine, (DBS, UOB and OCBC), who operated far bigger business franchises, and a high possibility to top SGX listing, (over taking Singtel)

 

http://www.bloomberg.com/apps/quote?ticker=GENS:SP  Interactive Chart - Please click for more info

Fundamentals
(Millions) 12,171.557
Market Cap (Millions) 24,708.260
ROE -8.078
Last Dividend Reported N.A. Discontinued
Dividend Yield (ttm) N.A.
Relative Dividend Yield N.A.
90-Day Volatility 47.576
Beta vs. FSSTI 0.884

Earnings
Earnings -0.026 Shares
Price/Earnings (Trailing) N.A.
Relative P/E N.A.

teeth53 thot - Shock or shiok reaching $3/- is a possible as the traded prices goes higher, so is the risk.

Punters must be make beware, just don't wish someone gambling away like lossing S26 million in one nite stand.
Not every Sunday is shining Sunday, see so many happily punting. seem everyday is always a Sunday.

 

Ha ha, taking the drastic action on stopping free bus services as exp.

Touch wood, if any local, jumpping fr 1st floor to second floor to kill ownself, owing to loosing huge $ in any Casino, guesses wat Garment will react? Or during meet the MP session, residences bringing issues on family pillars endulged in gambling n forgot about the families?　Hence, be alert about any consequences related to Casino, esp for d local, as dun know when another drastic action be taken by d Garmentr to stop d stredegy liao. Hope not loh, AK guesses liao.　

teeth53      ( Date: 16-Sep-2010 20:32) Posted: For further elaboration.... By hitting at $3/- target, it will be value at $36.5 billions and making it more valuable then this three big banks combine, (DBS, UOB and OCBC), who operated far bigger business franchises, and a high possibility to top SGX listing, (over taking Singtel)

 

For further elaboration....

By hitting at $3/- target, it will be value at $36.5 billions and making it more valuable then this three big banks combine,

(DBS, UOB and OCBC), who operated far bigger business franchises, and a high possibility to top SGX listing,

(over taking Singtel)

 

Thursday:  16 SEPTEMBER 2010  CLOSING     *KLSE  OFF  TODAY*

e Genting HK US$	S21	i	--	USD	0.515		+0.010	+2.0	236,866,000	5,520,000	0.515	0.520	4,346,000	0.515	0.505	0.530	0.495	M	--	SGX	S21	GENH.SI
GENTING BHD	3182	i	CD	MYR	10.000		+0.010	+0.1	5,309,100	29,800	9.920	10.000	1,913,700	9.960	9.990	10.000	9.870	--	--	KLS	3182	GENT.KL
GENTING MYS BHD	4715	i	CD	MYR	3.140		-0.020	-0.6	8,379,800	17,000	3.130	3.140	48,500	3.160	3.160	3.170	3.120	--	--	KLS	4715	GENM.KL
Genting SP	G13	i	--	SGD	2.030		+0.060	+3.1	178,510,000	1,475,000	2.020	2.030	217,000	2.000	1.970	2.040	1.980	M	--	SGX	G13	GENS.SI
GentingSMBLeCW120402	J2UW	i	--	SGD	0.275		+0.015	+5.8	235,000	5,000	0.255	0.290	3,000	0.240	0.260	0.275	0.240	M	--	SGX	J2UW	GNML_td.SI
GentingSMBLeCW130103	L2PW	i	--	SGD	0.200		+0.015	+8.1	717,000	20,000	0.200	0.210	70,000	0.200	0.185	0.205	0.190	--	--	SGX	L2PW	GNML_tm.SI
GentingSMBLeCW130603	L0QW	i	--	SGD	0.265		+0.010	+3.9	10,000	2,000	0.265	0.300	25,000	0.265	0.255	0.265	0.265	M

teeth53      ( Date: 16-Sep-2010 19:15) Posted: On this day. 49 analyst upgrades and 27 downgrades. A remarkable 76 changes in total during this past years. S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC) Punters is, so happy punting. everyday is always a Sunday. Today it closed above S$2/-

 

if long term no virus outbreak..... this will be true....

 

if kena SARS or H1N1....... will be a sad story.

teeth53      ( Date: 16-Sep-2010 19:15) Posted: On this day. 49 analyst upgrades and 27 downgrades. A remarkable 76 changes in total during this past years. S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC) Punters is, so happy punting. everyday is always a Sunday. Today it closed above S$2/-

 

On this day. 49 analyst upgrades and 27 downgrades.
A remarkable 76 changes in total during this past years.

S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC)
Punters is, so happy punting. everyday is always a Sunday.
Today it closed above S$2/-