Genting Sing    Last:0.69   -

Genting SP Next Move

bro, r u vested? is it a gd time to long? seems like a cfmn candle tdy..

raykee      ( Date: 05-Dec-2012 16:23) Posted: everyday high vol ard  37,401,000 yet not much burst raykee      ( Date: 05-Dec-2012 15:47) Posted: many ppl brought at a high, so they may still pump to maintain, avg down.... wonder who is holding to it now? kee chiew!

 

everyday high vol ard  37,401,000 yet not much burst

raykee      ( Date: 05-Dec-2012 15:47) Posted: many ppl brought at a high, so they may still pump to maintain, avg down.... wonder who is holding to it now? kee chiew!

 

many ppl brought at a high, so they may still pump to maintain, avg down.... wonder who is holding to it now? kee chiew!

 

interest is back again. 

 

Analysts did not evaluate the good potentials of the hospitality market that is to be expanded in new hotels to be built in Jurong.   Look at how Fragrance did so well with hotel business, giving dividends after dividends , bonus and dividends for many years in a stretch.

Genting should outperform in the short run, and then long term,   I believe..

 

Genting Singapore’s bad news likely over: Morgan Stanley


Genting Singapore’s bad news is likely at an end, but near-term catalysts are limited, Morgan Stanley says. It notes GENS’ concerns are well-known by the market, including new regulation, no local mass-market growth, limited VIP growth on lack of junkets, continued bad-debt provisions, market-share and margin concerns and low dividend payout.

It tips potential upside as Marine Life Park losses will likely decrease in 2013. But it doesn’t expect a dividend announcement near-term “We believe that management is keeping cash for overseas gaming opportunities, including Japan and Korea, and considers additional cash as the key differentiator,” it says, adding it doesn’t see any sizeable opportunities at hand. “Political changes in Japan and Korea’s not allowing locals to gamble in the newer proposed casinos (near Incheon) could mean that GENS (and other hopefuls) will have to wait for some more time.”

Current valuations look unattractive at a premium to Macau peers, it says. It raises its target to $1.10 from $1.05 on rolling forecasts forward, keeping an Underweight call. It cuts its 2012-14 earnings estimates by 12%-14% after weaker-than-expected 3Q12 results.

Stock is up 2% to $1.255.

 

If Genting SP cannot clear this resistance, down trend will continue.

http://mystocksinvesting.com/singapore-stocks/genting-singapore/can-genting-sp-clear-this-down-trend-resistance/

 

bishan22      ( Date: 30-Nov-2012 12:54) Posted: Looks like a trend reversal is coming. Watch for 1.30 breakout. Good luck.

 

shall go inspect my company next week once my exam finishes

wanglausern      ( Date: 30-Nov-2012 18:54) Posted: Biz very bad. Was at RWS last nite. High rollers' carparks were 80% empty at 9 pm. Their newly opened aquarium had to shut down at 6 pm instead of 10 pm because of poor biz. All their celebrity restaurants were at most 30% occupied. New123      ( Date: 30-Nov-2012 09:40) Posted: is there any news why  Genting Sp rally up tdy?

 

Biz very bad. Was at RWS last nite. High rollers' carparks were 80% empty at 9 pm.

Their newly opened aquarium had to shut down at 6 pm instead of 10 pm because of poor biz.

All their celebrity restaurants were at most 30% occupied.

New123      ( Date: 30-Nov-2012 09:40) Posted: is there any news why  Genting Sp rally up tdy?

 

Looks like a trend reversal is coming. Watch for 1.30 breakout. Good luck. 

 

whatever the case, got grow can liao.... kor kor and jie jie holding at 2.14 should b relief liao

 

same question?? but happy to see rally:)

New123      ( Date: 30-Nov-2012 09:40) Posted: is there any news why  Genting Sp rally up tdy?

 

is there any news why  Genting Sp rally up tdy?

 

.....EPS Q4'2012... est on high and low Eps

2012 VS 2011 (est on the highest 1.5cents* Q4)
Q1 1.6cents VS 2.5cents -36.0% 
Q2 1.14cents VS 1.99cents -42.7% 
Q3 0.9cents. VS 1.71cents -47.4% 
Q4  1.5cents* VS 2.17cents -30.9%*
FY 5.14cents* VS 8.37cents -38.6%*

2012 VS 2011 (est on the low 1.0cents* Q4)
Q1 1.6cents VS 2.5cents -36.0% 
Q2 1.14cents VS 1.99cents -42.7% 
Q3 0.9cents. VS 1.71cents -47.4% 
Q4  1.0cents* VS 2.17cents -53.92%*
FY 4.64cents* VS 8.37cents -44.56%*

 

I estimate it to be more than 1.1 but less than 1.5. End of year and start of year good business for them. Festive season.

yipyip      ( Date: 26-Nov-2012 01:24) Posted: What do u think of EPS Q4'2012... 2012 VS 2011 Q1 1.6cents VS 2.5cents -32.8% Q2 1.14cents VS 1.99cents -42.7% Q3 0.9cents. VS 1.71cents -47.4% Q4 ? cents. VS 2.17cents +/-??% I guess 1cent to 1.1cents for EPS Q4'2012. yipyip      ( Date: 21-Nov-2012 00:51) Posted: In case of anyone only read Genting's 3Q 2012 drop by -34.0% (y-o-y) on page 1 ..... you may want to see deeper into their P&L details (page 13 & 14): Earning Per Share for 3Q end Sept: 2012 is 0.90cents. VS. 2011 is 1.71cents The EPS is drop as much as -47.3% (more share was issued) ! BOSAYOR http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8A4155BACC6B709748257AB400360835/$file/GENS_Announcement_Q32012.pdf?openelemen

 

What do u think of EPS Q4'2012...

2012 VS 2011
Q1 1.6cents VS 2.5cents -32.8%
Q2 1.14cents VS 1.99cents -42.7%
Q3 0.9cents. VS 1.71cents -47.4%
Q4 ? cents. VS 2.17cents +/-??%

I guess 1cent to 1.1cents for EPS Q4'2012.

yipyip      ( Date: 21-Nov-2012 00:51) Posted: In case of anyone only read Genting's 3Q 2012 drop by -34.0% (y-o-y) on page 1 ..... you may want to see deeper into their P&L details (page 13 & 14): Earning Per Share for 3Q end Sept: 2012 is 0.90cents. VS. 2011 is 1.71cents The EPS is drop as much as -47.3% (more share was issued) ! BOSAYOR http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8A4155BACC6B709748257AB400360835/$file/GENS_Announcement_Q32012.pdf?openelement yipyip      ( Date: 20-Nov-2012 09:21) Posted: Genting Singapore suffers massive drop in client count -(Singapore Business Review) Looks like its 38% profit crash won't rebound. According to Maybank Kim Eng, GENS represented that business, especially mass market drop, from Singaporeans continues to fall due to the challenging domestic economy.......http://sg.finance.yahoo.com/news/genting-singapore-suffers-massive-drop-090300789.html

 

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Jurong plot for hotel project draws record bid
By Zeinab Yusuf Saiwalla
The Business Times | Fri, Nov 23, 2012
SINGAPORE - A record price has been set for hotel land in Singapore - $1,167.35 per square foot per plot ratio (psf ppr).

This is for the first hotel development site in Jurong at Jurong Town Hall Road.

A state tender drew 11 bids from major players in the industry including Ascott Holdings, City Developments and United Engineers Developments but Tamerton Pte Ltd, a wholly owned subsidiary of Resorts World Singapore (RWS) topped them all with its $238.2 million bid.

Far East Organisation unit Boo Han Holdings in partnership with the group's listed vehicle, Far East Orchard, submitted a bid of $204.8 million or $1,003.56 psf ppr, placing it in second position.

This was 16.3 per cent lower than the top bid by RWS, which is also a wholly owned subsidiary of Genting Singapore.

HSR Property Group special adviser Donald Han said RWS's foray into Jurong is a strategic move aimed at capturing the Malaysian visitors market.

"If they do not cater to some of their clients from Malaysia, who patronise their casinos but who do not have the budget for the $300-$400 rooms in Sentosa, they would lose out significantly on a potential income base," Mr Han explained.

He added that the hotel development would most likely be a three-star property.

Other bidders for the site were United Engineers Development ($984.50 psf ppr), Legend Land which is linked to Hotel 81 ($950.74 psf ppr), and City Development's Redvale Investments and Redvale Developments ($784.12 psf ppr).

Though the record bid by Genting Singapore surprised most analysts BT spoke to, they are confident about demand for the upcoming hotel.

"The estimated breakeven of between $550,000 to $580,000 per room may appear to be slightly on the high side for an untested area like Jurong East, but it could still be acceptable for Genting which, because of synergies arising from its RWS operations, has a captive market to itself. Filling up the bulk of the rooms should therefore be more confidently executed for them than by others," explained Savills Singapore research head Alan Cheong.

Other than providing accommodation for visitors to RWS, the hotel will also be well placed to cater to the growing business community in Jurong East, explained Mr Han.

"The timing is right and the fact that the hotel will be ready in the next three years or so, it will be right where the action is when the surrounding developments in Jurong Gateway are completed," Mr Han said.

Said Jones Lang LaSalle national director Ong Teck Hui: "The long-term plans for Jurong Gateway do look very promising with a strong mix of office, retail, residential, hotel, entertainment and food & beverage uses. The site's close proximity to Jurong East MRT station, upcoming developments like Jem, Westgate and others make it particularly attractive."

RWS currently owns six hotels with 1,500 rooms. This development is the group's first hotel away from Sentosa.

Get The Business Times for more stories.

 

It is like a beast, when it charge it go to sky high, when it down it break the ground.. ( 0.50 - 2.00 )

 

Well cos many of us brought at 2.xx so rather then make 100% loss, better to avg down and get the right time to sell off..... Guys what are ur new actions?

 

Luckily you were smart.  Positive sentiments will come after a spate of pressures by various factors.  Cannot squeeze all the time, must let breathe in order not to kill.

skk888      ( Date: 21-Nov-2012 01:35) Posted: I was about to short this when they posted the results. But it seems like the company has enough loyalists to keep the price up. It's P/B is still high, but perhaps there's also good chance they can earn more in future.