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O U T C O M E
ALREADY KNOWN
BEFORE EACH
GAMBLE
MULTIPLE Or NOTHING
SAME SAME fOr C F D
wIn mOst Or lOse ALL
Flyordie ( Date: 21-Aug-2010 19:36) Posted:
狂输2630万富豪是狮城海产大王
曾出资80万给李南星拍戒赌电影
郭炳福（右）曾经要出资80万给李南星拍戒赌电影。（档案照片）
3天内在赌场狂输2630万的狮城商人，原来是本地知名的海鲜大王，曾经要出资80万给李南星拍戒赌电影！
这名50多岁商人是远洋海产（私人）有限公司的执行董事，并是新加坡水产业工商联合会主席郭炳福。他在2005年期间，原本有意出资80万元去投资一部由李南星主演的电影《戒赌专家》，结果后来因种种原因，计划告吹。
郭炳福是家中幺子，他在80年代开始从父亲那里接手一间海产拍卖公司，之后该公司在90年代与同是父亲创立的远洋海产合并，发展成至今上百万元的生意。
目前，该公司的业务包括出口海产如乌贼、剑鱼到世界各地的餐馆、食物加工厂和批发商。近年来，公司还扩充营业，增加了食物加工和肉类产品分销。
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sImIlarly
thOse whO wanted dIvIdends
NEVER BuY GENTING BERHAD
INSTEAD
they BOUGHT MAYBANK
at GENTING EGM 2010
GENTING TOP MANAGEMENT
InfOrmed the ENLIGHTENED flOOr that
FIRST INSTALMENT wIll be PAID
In Early 2011
wIth the CASH set ASIDE
C O O L
O V E R H E A R D :
majOrIty Of GENTING sharehOlders are grOwth InvestOrs
nOt dIvIdend earners
C H E E R S !
Juz_Invest ( Date: 22-Aug-2010 18:15) Posted:
Genting S'pore needs to amass cash: analysts
SHAREHOLDERS of Genting Singapore won't be receiving dividend payouts
from now through 2011 - due to restrictions in a $4 billion bank loan
it took to build its flagship Resorts World Sentosa (RWS) - even though
the company's earnings potential looks robust in light of its recent
second-quarter results.
Citing confidentiality terms, Genting Singapore said it could not
specify the conditions that restrict dividend payouts in the loan
agreement it reached in 2008 with five banks to raise funds for the $6
billion resort. The banks are DBS, OCBC, HSBC, Royal Bank of Scotland
and Sumitomo Mitsui Banking Corp.
Some analysts, however, believe the company isn't issuing dividends
because it is amassing cash for future regional and global expansion
projects.
The question of dividend payouts was raised by some shareholders at an
extraordinary general meeting on Wednesday to vote on a proposed
divestment of Genting Singapore's UK casino operations to parent Genting
Malaysia.
A company spokesman said on Wednesday that Genting Singapore 'believes
in long-term shareholder value and is using the cash flow to increase
shareholder value through its investments'.
The company's board of directors said they haven't ruled out the
possibility of issuing dividends upon fulfilment of those loan
conditions.
But the company spokesman couldn't comment on when those conditions
would be fulfilled or when it would make a dividend payout to its
shareholders.
'In the next couple of years, it's unlikely the company will dole out
dividends,' said Vincent Khoo, head of research for UOB Kay Hian
Malaysia. 'In the future, it might dole out modest dividends. But the
company will plough back a substantial portion of retained earnings for
future regional expansion.'
An analyst with Morgan Stanley Research said dividend payouts are
'not in the mind of a casino (operator) that is ramping up and has
intentions to grow its gaming business across the globe'.
'They might have restrictions on existing debt, but they can repay
the debt any time they want because they have cash on their balance
sheet,' the analyst said.
Some investors question whether, given the strong financial results
of the company, it is worth paying a high share price valuation for a
company that they perceive as not doing enough in terms of transparency
and dividend payouts.
At least one Genting Singapore shareholder says he believes the
company will start paying out dividends only when its casino operations
have stabilised.
'As a shareholder, I'm not very happy there's no dividend this time,'
he said. 'But this is just their first year of operations in Singapore,
and they're still putting in money to build Phase 2 of Resorts World.'
'I'm waiting to see what kind of fixed dividend policy the company
will come out with once its Singapore operations stabilise,' he added.
For now, he said, he intends to continue holding his Genting Singapore shares because he has confidence in its potential.
'But by next year, if there's still no dividend, then I'll paint a different picture.'
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Macquarie SOLD ALL the Covered Warrants at low low low low prices.
Many are EXPIRING by END of 2010 and START of 2011.
MacquarIe wIll lOse alOt alOt alOt alOt Of mOney In CASH when these EXPIRE.
That is WHY MacquarIe wOUle lOve tO sEE Genting prIces CRASH durIng these perIOds.
BEWARE
AWARE
SCARE
CARE
Juz_Invest ( Date: 30-Sep-2010 11:23) Posted:
| DJ
MARKET TALK: Macquarie Cuts Genting Singapore To Neutral |
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0033 GMT [Dow Jones] STOCK CALL:
Macquarie downgrades Genting Singapore (G13.SG) to Neutral from
Outperform, cuts target price to S$1.75 from S$2.10 to account for lower
longer-term growth projections; "we think market growth will stabilise
and the current price is factoring in overly optimistic growth
assumptions." Notes Resorts World Sentosa's performance peaked in April,
before opening of Marina Bay Sands, has since been tad lower. Says RWS
patronage may be affected when Galaxy Entertainment (0027.HK) opens its
integrated resort in Macau in 1Q11. Adds increased intervention in
gaming business by Singapore government can't be ruled out, given recent
order by country's casino regulator for both operators to stop bus
services shuttling Singaporeans; "this highlights the political
sensitivity to locals gambling and raises the level of political risk in
the market." Shares down 2.6% at S$1.90 yesterday.
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WHY all the
EXPIRED NEWS ?Juz_Invest ( Date: 26-Aug-2010 13:55) Posted:
Genting M'sia shareholders OK casino deal
A MAJORITY of Genting Malaysia's shareholders voted yesterday in
favour of a 340 million pounds (S$713 million) cash acquisition of 44 UK
casinos under the Circus, Maxims, and Mint brands from its affiliate
Genting Singapore.
The deal was approved last week by a majority of Genting Singapore shareholders.
But,
despite yesterday's apparent majority vote, the deal didn't pass muster
with many of Genting Malaysia's minority shareholders, who criticised
it as being too pricey, said Vincent Khoo, head of research for UOB-Kay
Hian Malaysia.
'There were a lot of questions and issues raised by minority
shareholders during (yesterday's) EGM. A lot of them are unhappy because
the acquisition is pricey,' he said.
'Although I share some of the management's optimism for adding value to the UK casinos, ultimately the acquisition is pricey.'
Genting Singapore bought the UK casinos in 2006 at a price of $1.861
billion - thus the value lost was $1.17 billion, according to a July
report by Morgan Stanley.
Morgan Stanley noted that the book value of the UK assets on Genting
Singapore's balance sheet is $585 million; net debt related to the
assets is $173 million.
Of concern too were potentially difficult prospects facing the gaming
market in the UK because of weak economic conditions in Europe and
tighter gaming regulations in the form of unfavourable duty structures
and a smoking ban in enclosed public spaces, Mr Khoo said.
Because of these concerns, Malaysia's sole casino operator has been
on a roadshow in recent weeks to convince shareholders of the rationale
and potential of buying into the UK casino operations.
A gaming analyst in Hong Kong said he believed the sale would enable
Genting Singapore to focus its time and management on growing the
Singapore business and to position its balance sheet for the next phase
of growth.
'Had it not gone through, then that would have been a negative for
Genting Singapore because the UK assets haven't been doing well, so they
would have been a distraction,' he said.
Analysts say the sale enables Genting Singapore's management to
concentrate on the ramp-up of Resorts World over the next
year-and-a-half, including the introduction of junkets, the extension of
Universal Studios, and new hotel offerings.
The acquisition of the UK casino assets helps underpin Genting
Malaysia's recent success in winning the bid for a lucrative video slot
machine licence at the Aqueduct race track in New York.
The deal for the UK casinos, along with the aforementioned video slot
machine contract at the Aqueduct racetrack in New York, would help
diversify Genting Malaysia's earnings stream and provide further
opportunities to expand in other developed gaming markets, according to a
Morgan Stanley report.
Genting wants to build a 'racino' with about 4,500 video slots at the track in Queens, a borough of New York.
The company is offering an upfront fee of US$380 million to the state, more than the US$300 million minimum required.
The new acquisitions could add about 3-9 per cent upside to Genting Malaysia's 2010-2012 earnings estimates, the report said.
Genting Bhd holds a 48.65 per cent stake in Genting Malaysia and a 51.73 per cent stake in Genting Singapore.
Shares of Genting Bhd gained 18 sen, or 2.06 per cent, to close at RM8.90 yesterday.
Shares of Genting Malaysia shed seven sen, or 2.23 per cent, to close
yesterday at RM3.07, while Genting Singapore shares dipped five cents
or 3.14 per cent, to close at $1.54.
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| DJ
MARKET TALK: Macquarie Cuts Genting Singapore To Neutral |
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0033 GMT [Dow Jones] STOCK CALL:
Macquarie downgrades Genting Singapore (G13.SG) to Neutral from
Outperform, cuts target price to S$1.75 from S$2.10 to account for lower
longer-term growth projections; "we think market growth will stabilise
and the current price is factoring in overly optimistic growth
assumptions." Notes Resorts World Sentosa's performance peaked in April,
before opening of Marina Bay Sands, has since been tad lower. Says RWS
patronage may be affected when Galaxy Entertainment (0027.HK) opens its
integrated resort in Macau in 1Q11. Adds increased intervention in
gaming business by Singapore government can't be ruled out, given recent
order by country's casino regulator for both operators to stop bus
services shuttling Singaporeans; "this highlights the political
sensitivity to locals gambling and raises the level of political risk in
the market." Shares down 2.6% at S$1.90 yesterday.
old news leh.
Juz_Invest ( Date: 28-Sep-2010 16:38) Posted:
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Genting Singapore off 1.5%; CEO pares stake |
Genting Singapore (G13.SG) off 1.5% at $1.99, bucking gains by most
other STI components, as CEO Tan Hee Teck’s sale of own shares in open
market prompts other investors to follow suit, says Dow Jones.
According to SGX filing, Tan sold 900,000 shares yesterday at $2.047
each at own discretion, trimming his direct stake to 0.010% from 0.017%.
Move not unusual with stock +19.5% since start of September, +72.6%
since beginning 2H10 vs STI +5.5%, +9.8% over same periods.
Having substantially outperformed Singapore market since returning to
profitability in 2Q10, stock’s performance for rest of year hinges
largely on 3Q10 results, likely due in November.
Immediate support for time being tipped at 20-day moving average, last at $1.93.
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Genting Singapore off 1.5%; CEO pares stake |
According to SGX filing, Tan sold 900,000 shares yesterday at $2.047
each at own discretion, trimming his direct stake to 0.010% from 0.017%.
Move not unusual with stock +19.5% since start of September, +72.6%
since beginning 2H10 vs STI +5.5%, +9.8% over same periods.
Having substantially outperformed Singapore market since returning to
profitability in 2Q10, stock’s performance for rest of year hinges
largely on 3Q10 results, likely due in November.
Immediate support for time being tipped at 20-day moving average, last at $1.93.
Genting M'sia shareholders OK casino deal
A MAJORITY of Genting Malaysia's shareholders voted yesterday in
favour of a 340 million pounds (S$713 million) cash acquisition of 44 UK
casinos under the Circus, Maxims, and Mint brands from its affiliate
Genting Singapore.
The deal was approved last week by a majority of Genting Singapore shareholders.
But,
despite yesterday's apparent majority vote, the deal didn't pass muster
with many of Genting Malaysia's minority shareholders, who criticised
it as being too pricey, said Vincent Khoo, head of research for UOB-Kay
Hian Malaysia.
'There were a lot of questions and issues raised by minority
shareholders during (yesterday's) EGM. A lot of them are unhappy because
the acquisition is pricey,' he said.
'Although I share some of the management's optimism for adding value to the UK casinos, ultimately the acquisition is pricey.'
Genting Singapore bought the UK casinos in 2006 at a price of $1.861
billion - thus the value lost was $1.17 billion, according to a July
report by Morgan Stanley.
Morgan Stanley noted that the book value of the UK assets on Genting
Singapore's balance sheet is $585 million; net debt related to the
assets is $173 million.
Of concern too were potentially difficult prospects facing the gaming
market in the UK because of weak economic conditions in Europe and
tighter gaming regulations in the form of unfavourable duty structures
and a smoking ban in enclosed public spaces, Mr Khoo said.
Because of these concerns, Malaysia's sole casino operator has been
on a roadshow in recent weeks to convince shareholders of the rationale
and potential of buying into the UK casino operations.
A gaming analyst in Hong Kong said he believed the sale would enable
Genting Singapore to focus its time and management on growing the
Singapore business and to position its balance sheet for the next phase
of growth.
'Had it not gone through, then that would have been a negative for
Genting Singapore because the UK assets haven't been doing well, so they
would have been a distraction,' he said.
Analysts say the sale enables Genting Singapore's management to
concentrate on the ramp-up of Resorts World over the next
year-and-a-half, including the introduction of junkets, the extension of
Universal Studios, and new hotel offerings.
The acquisition of the UK casino assets helps underpin Genting
Malaysia's recent success in winning the bid for a lucrative video slot
machine licence at the Aqueduct race track in New York.
The deal for the UK casinos, along with the aforementioned video slot
machine contract at the Aqueduct racetrack in New York, would help
diversify Genting Malaysia's earnings stream and provide further
opportunities to expand in other developed gaming markets, according to a
Morgan Stanley report.
Genting wants to build a 'racino' with about 4,500 video slots at the track in Queens, a borough of New York.
The company is offering an upfront fee of US$380 million to the state, more than the US$300 million minimum required.
The new acquisitions could add about 3-9 per cent upside to Genting Malaysia's 2010-2012 earnings estimates, the report said.
Genting Bhd holds a 48.65 per cent stake in Genting Malaysia and a 51.73 per cent stake in Genting Singapore.
Shares of Genting Bhd gained 18 sen, or 2.06 per cent, to close at RM8.90 yesterday.
Shares of Genting Malaysia shed seven sen, or 2.23 per cent, to close
yesterday at RM3.07, while Genting Singapore shares dipped five cents
or 3.14 per cent, to close at $1.54.
One must always bear in mind that in this game,
there's no official "game over"...
It goes on forever...
Thus, always always be very humble to the market beast...
and don't count chickens or eggs...
hehehe... 
chinastar ( Date: 23-Aug-2010 12:31) Posted:
good deed
BullishTempo ( Date: 21-Aug-2010 09:51) Posted:
Very well said. I used to feel guilty making money from stock market but later I decided to donate some of the money I make each month to charity and this way not only do I not feel guilty now, I actually feel it is a good thing to make more from stock market so I can donate more. And guess what? My profits went up after I started donating, especially during this Genting rally  |
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Thx dude !
I look like risky, will let go by today.
Keep your cool. Do your analysis and consider all your risks. Remember the one who is doing the decision to buy or sell is still you.
Oh... Yeah...Thx...
1.680 again !
I believe Genting Malaysia is holding their EGM tomorrow to approve or disapprove the sales of Genting UK to them. From today's bullishness, it looks like it will be positive news tomorrow.
Oh... Yeah...
Good news coming ?
good deed
BullishTempo ( Date: 21-Aug-2010 09:51) Posted:
Very well said. I used to feel guilty making money from stock market but later I decided to donate some of the money I make each month to charity and this way not only do I not feel guilty now, I actually feel it is a good thing to make more from stock market so I can donate more. And guess what? My profits went up after I started donating, especially during this Genting rally
iPunter ( Date: 21-Aug-2010 06:48) Posted:
I adopt a rather different view from that. I look at it this way.
If one receives a gift of a certain sum of money from HH (His Holiness) Caishen,
it is the person's responsibilty to preserve and protect that gift
with all his heart and put it to good use.
One the other hand, if the person thinks he/she can become reckless
and unconcerned simply because it is a gift very easily received,
that is hardly a good approach to live by...
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Genting S'pore needs to amass cash: analysts
SHAREHOLDERS of Genting Singapore won't be receiving dividend payouts
from now through 2011 - due to restrictions in a $4 billion bank loan
it took to build its flagship Resorts World Sentosa (RWS) - even though
the company's earnings potential looks robust in light of its recent
second-quarter results.
Citing confidentiality terms, Genting Singapore said it could not
specify the conditions that restrict dividend payouts in the loan
agreement it reached in 2008 with five banks to raise funds for the $6
billion resort. The banks are DBS, OCBC, HSBC, Royal Bank of Scotland
and Sumitomo Mitsui Banking Corp.
Some analysts, however, believe the company isn't issuing dividends
because it is amassing cash for future regional and global expansion
projects.
The question of dividend payouts was raised by some shareholders at an
extraordinary general meeting on Wednesday to vote on a proposed
divestment of Genting Singapore's UK casino operations to parent Genting
Malaysia.
A company spokesman said on Wednesday that Genting Singapore 'believes
in long-term shareholder value and is using the cash flow to increase
shareholder value through its investments'.
The company's board of directors said they haven't ruled out the
possibility of issuing dividends upon fulfilment of those loan
conditions.
But the company spokesman couldn't comment on when those conditions
would be fulfilled or when it would make a dividend payout to its
shareholders.
'In the next couple of years, it's unlikely the company will dole out
dividends,' said Vincent Khoo, head of research for UOB Kay Hian
Malaysia. 'In the future, it might dole out modest dividends. But the
company will plough back a substantial portion of retained earnings for
future regional expansion.'
An analyst with Morgan Stanley Research said dividend payouts are
'not in the mind of a casino (operator) that is ramping up and has
intentions to grow its gaming business across the globe'.
'They might have restrictions on existing debt, but they can repay
the debt any time they want because they have cash on their balance
sheet,' the analyst said.
Some investors question whether, given the strong financial results
of the company, it is worth paying a high share price valuation for a
company that they perceive as not doing enough in terms of transparency
and dividend payouts.
At least one Genting Singapore shareholder says he believes the
company will start paying out dividends only when its casino operations
have stabilised.
'As a shareholder, I'm not very happy there's no dividend this time,'
he said. 'But this is just their first year of operations in Singapore,
and they're still putting in money to build Phase 2 of Resorts World.'
'I'm waiting to see what kind of fixed dividend policy the company
will come out with once its Singapore operations stabilise,' he added.
For now, he said, he intends to continue holding his Genting Singapore shares because he has confidence in its potential.
'But by next year, if there's still no dividend, then I'll paint a different picture.'
He is,so are some of the regulars here.They are the one that give good advice most the time.Not some....hahaha.
des_khor ( Date: 21-Aug-2010 22:41) Posted:
But you look like everything very chun leh !
iPunter ( Date: 21-Aug-2010 21:09) Posted:
You are right... Like I said before, I totally disregard so-called 'fundamentals', opinions, analysts' reports , etc...... To me , the only fundamental is the price action itself... The reason I don't bother with 'fundamentals' is that no one knows the real fundamentals, or all the fundamentals. At best, what is known is only a partial picture, since it is impossible to know all the factors affecting stock prices. Thus use of a chart to help to guess the next movement in any time-frame
is the best thing one can do... But it is still guessing...
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But you look like everything very chun leh !
iPunter ( Date: 21-Aug-2010 21:09) Posted:
You are right... Like I said before, I totally disregard so-called 'fundamentals', opinions, analysts' reports , etc...... To me , the only fundamental is the price action itself... The reason I don't bother with 'fundamentals' is that no one knows the real fundamentals, or all the fundamentals. At best, what is known is only a partial picture, since it is impossible to know all the factors affecting stock prices. Thus use of a chart to help to guess the next movement in any time-frame
is the best thing one can do... But it is still guessing...
gabjen ( Date: 21-Aug-2010 18:55) Posted:
Hi iPunter,yes,I totally agreed with you about timing.The stories part,all these while when you posted whether it's uptrend or downtrend ,you used chart to speak,rite?You don't post things like short Genting becos so and so is dumping or dream come true but it might over...,kind of stuff,isn't it?
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You are right...
Like I said before, I totally disregard so-called 'fundamentals', opinions, analysts' reports , etc......
To me , the only fundamental is the price action itself...
The reason I don't bother with 'fundamentals' is that no one knows
the real fundamentals, or all the fundamentals.
At best, what is known is only a partial picture,
since it is impossible to know all the factors affecting stock prices.
Thus use of a chart to help to guess the next movement in any time-frame
is the best thing one can do...
But it is still guessing...
gabjen ( Date: 21-Aug-2010 18:55) Posted:
Hi iPunter,yes,I totally agreed with you about timing.The stories part,all these while when you posted whether it's uptrend or downtrend ,you used chart to speak,rite?You don't post things like short Genting becos so and so is dumping or dream come true but it might over...,kind of stuff,isn't it?
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