Genting Sing    Last:0.73    -0.01

Genting SP Next Move

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Option     15-Aug-2010 18:40  
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 GOOD ANALYSTS VIEW !!! HOW TO JUMP OVER THAT HOLE BY THIS COMING WEEK ???


 


02-Jul-2010 10:16 		Genting SP   /   GenSp starts to move up again       Go to Message
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UK Divestment is "shOrt-Term PRO"

but "lOng-Term CON"  ACTiON

fOr  GENTiNG  SiNGAPORE  sharehOlders 



BLACK  HOLE  in  GENTiNG UK  already RESET

WiTH  CASH  frOm  GENTiNG  SiNGAPORE.

Actually  GENTiNG  UK  is  ready fOr  recOvery when

UK  ecOnOmy  recOvers.

GENTiNG WORLD already registered GENTiNG UK entity

AWAiTiNG  the RiGHT  TiMiNG fOr this  TRANSFER.

GENTiNG UK  WiLL  be  iMMEDiATELY  PROFiTABLE

when UK  ecOnOmy  recOvers.

By  THEN,  GENTiNG  SiNGAPORE  sharehOlders WiLL

have  nO  share Of  GENTiNG  UK  prOfits.

 

FOr  the  iMMEDiATE TERM,  GENTiNG  SiNGAPORE sharehOlders  are HAPPY tO get RiD Of  GENTiNG UK even thOugh  SACRiFiCiNG  their  fUtUre  share  Of  GENTiNG UK's  recOvery prOfits.

 

As lOng as bOth  GENTiNG  SiNGAPORE sharehOlders and GENTiNG WORLD sharehOlders are bOth HAPPY HAPPY , it is a WiN  WiN  sOluTiOn fOr  bOth.

This is TRUE  STREET-SMART  METRiTOCRACY
 
 
Option     15-Aug-2010 18:14  
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Company operation it look funny...

Juz_Invest      ( Date: 12-Aug-2010 14:03) Posted:



 

Genting wins NY casino bid

Genting is reportedly offering the state an upfront fee of US$380 million (S$518.6 million), more than the US$300 million minimum required in the request for proposals.





GENTING NY, a subsidiary of Asian gaming giant Genting Malaysia, has clinched a 30-year franchise for the Aqueduct racetrack in Ozone Park, New York.

The bid, awarded by the New York Lottery Division on Aug 3, comes after a nine-year wait which has seen many bidders losing out.

But the Genting deal is not fully in the bag yet as New York governor David Paterson and legislative leaders senate conference leader John Sampson and assembly speaker Sheldon Silver must still approve the Lottery's choice.

The New York Leader/Observer newspaper quoted the governor as having said publicly that he will go along with the Lottery's decision.

There are also several steps remaining before construction can actually begin.

'After the governor and legislative leaders sign the MOU (memorandum of understanding), the contract goes to the attorney general's office for approval,' Lottery spokesperson Jennifer Givner said. 'Then it goes to the comptroller for approval and filing in his office. Under state Finance Law, a contract isn't binding on the state unless the comptroller approves and files it.'

This process could take up to several weeks.

Genting is reportedly offering the state an upfront fee of US$380 million (S$518.6 million), more than the US$300 million minimum required in the request for proposals, said the NY Leader/Observer report.

Genting NY was the last bidder after the Lottery disqualified then two others in the running, SL Green/Hard Rock/Clairvest and Penn National, saying that they 'did not conform with the requirements of the competition'.

.........

 
 
Option     15-Aug-2010 18:10  
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On 1st July Genting Singapore: Selling off UK operations

Summary: Genting Singapore (GS) has entered into a conditional sale and purchase agreement to divest its entire UK casino operations for £340m (or S$688.8m). If the proposed divestment is completed, GS will receive net proceeds of ~S$688.8m and will book an excess over book value of around S$103.6m. However, it will also recognize a non-cash exchange translation loss of ~S$338.8m. But we are not overly concerned as we view the sale as an exceptional item; we also agree with management’s intention to focus its energy on RWS and also opportunities in the region, as gaming here is still likely to experience good growth prospects. Assuming the deal is completed, we expect it to reduce our FY10 sales estimate by 24% but increase our net profit estimate by 13% as margins would improve ex-UK operations. As we also believe that GS is likely to spend less in capex without its UK operations.

 

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Juz_Invest      ( Date: 12-Aug-2010 21:32) Posted:



 

Genting Singapore 2Q10 reports profit on casino operations: Update 


 


Genting Singapore Plc reported second-quarter profit of $396.5 million compared with a loss a year earlier as its new casino resort in Singapore “made an impact” in its first full quarter of operations.

Revenue surged to $979.3 million in the three months to June 30 compared with $120.1 million a year ago, according to a filing to the Singapore stock exchange today. Earnings before interest, tax, depreciation and amortization, or Ebitda, were US$513.9 million ($700.1 million), with margins of 52%, the statement said.
 
Singapore overturned a 40-year ban on casinos in 2005 to spur economic growth. Genting’s US$4.7 billion Resorts World Sentosa opened on Feb. 14 and features Southeast Asia’s only Universal Studios theme park. Billionaire Sheldon Adelson’s Las Vegas Sands Corp. opened its rival US$5.5 billion Marina Bay Sands casino resort in the financial district in April.
 
The group’s Ebitda figure was “way above our $244m and consensus forecasts, which we think was $220m,” Aaron Fischer, a casinos analyst at CLSA Ltd. in Hong Kong, wrote in an e-mail. “With such strong set of results, our fair value for the stock will likely be revised to at least $1.50.”
 
Genting Singapore, controlled by Malaysia’s Genting Bhd., is the second-best performer on the Straits Times Index over the past 12 months, surging about 50% compared with the benchmark’s 14% gain.
 
The shares ended at $1.28 today before the results announcement, compared to their record close of $1.30 in December. Fischer’s target price for the stock is $1.30, according to Bloomberg data.
 
‘SHOWED RESILENCE’
“The gaming operator’s new flagship integrated resort Resorts World Sentosa made an impact, raising the group’s Ebitda,” Genting Singapore said in a media release. “With the opening of Marina Bay Sands, our business showed resilience,” the results filing said.
 
Monthly tourist arrivals in Singapore exceeded the 1 million mark for the first time in July, aided by the opening of two casino resorts, according to data from the tourism board. Two-thirds of the visitors to Genting Singapore’s casino in the city-state came from overseas, President Tan Hee Teck said in the media release.
 
Parent Genting Bhd., which holds 52% of Genting Singapore, said in July that it would buy the Singapore affiliate’s U.K. casino businesses for 340 million pounds ($722.3 million). Genting Singapore owns and operates 46 casinos in the United Kingdom, according to the media release.
 


Genting Singapore will hold an extraordinary shareholders’ meeting on Aug. 18 to approve the sale, the media release said. The company “plans to focus on its large-scale, integrated resort operations in Singapore and similar-natured opportunities in the region,” it said.

 

 

 
Option     15-Aug-2010 17:58  
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 ????????????????????????????????????????????????????????????????????????????

 

niuyear
Elite

13-Aug-2010 17:17      About niuyear      Contact       Quote!          
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Alert Admin

wow!! best weeks to sell is next week. 

am holding 1.27 HUAT AHHHHHHHHHHHH   cheong to 1.50!!



teeth53      ( Date: 13-Aug-2010 17:09) Posted:



Genting SP   
1.350 1.460 +0.180c +14.1% Vol:676,743,000 21,000 1.670 1.320 70,000 1.460 1.350


Super volume today : 676,743,000 millions share changed hands.

teeth53 - Those bot today n this few days have best week to sell in this coming week. 


niuyear      ( Date: 27-Jul-2010 10:33) Posted:

I sold yesterday 1.23,   No more holding.  

 



alooloo      ( Date: 27-Jul-2010 10:22) Posted:

yes, probably...

did you still holding or sold out?




 
 
stockthinking     14-Aug-2010 01:11  
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Dear Members, For more insight, visit http://www.sharemarketsg.blogspot.com Bet you would not be let down. Bookmark us.
 
 
Speeder     13-Aug-2010 16:19  
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Friday the 13th Surprised...
 

 
Speeder     13-Aug-2010 12:07  
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Maybe copy dog?

LOL
 
 
pharoah88     13-Aug-2010 11:56  
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This COPY CAT  ? ? ? ?

uSe  dAy  hIgh  S$1.45  tO  add S$0.10  ? ? ? ?

WHY  type  Of  ANALYST  is  thIs  ? ? ? ?

AFC ? ? ? ?



Juz_Invest      ( Date: 13-Aug-2010 10:23) Posted:



 

 

 Target price for Genting Singapore to S$1.55 from S$0.99 By Citi

 

 

 

 

 
 
Speeder     13-Aug-2010 11:53  
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More picture please and raise more

Huat Ah !



hlfoo2010      ( Date: 13-Aug-2010 11:22) Posted:





 Pic well taken and Gent sp raise ???

 

 

 
 
hlfoo2010     13-Aug-2010 11:22  
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 Pic well taken and Gent sp raise ???

 

 
 

 
pharoah88     13-Aug-2010 11:15  
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LADY  LUCK

purelotus      ( Date: 13-Aug-2010 10:27) Posted:


 
 
pharoah88     13-Aug-2010 11:11  
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Image: Warren Buffett

“My LUCK was accentuated by my living in a market system that sometimes produces distorted results, though overall it serves our country well. I’ve worked in a economy that rewards someone who saves the lives of others on the battlefield with a medal, rewards a great teacher with thankyou notes from parents

but rewards those who can DETECT the MISpricing of securities with sums reaching into the billions.

“In short, fate’s distribution of long straws is wildly capricious.”

 
 
AK_Francis     13-Aug-2010 11:10  
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Tks for the support, 2 yrs supply liao, if clear all of them. But no hurry.

Ha ha, my younger sister's families over the courseway must  be overjoyed liao. Now 1S$=2.32Rm. They asked me to buy some at 1.13 last yr end, for long term investment. Cheers.



Speeder      ( Date: 13-Aug-2010 10:45) Posted:

Dream Come True

One year beer supplies

LOL




AK_Francis      ( Date: 29-Jul-2010 11:25) Posted:



RWS inaugurated since 14 Feb, CNY First Day, till today alrdy 165 days liao. Estimated each day posketed ard 1.5mil(Sands 1.96mil / day), ha ha, 247.5 mil liao, siao loh. But if counted sale of UK ops n 1H's profit, AK doubt Mr Lim can give div,if hv very lean liao.

But if ds burger breaks 130, hoe seh liao, better than div. Cheers.


 
 
Speeder     13-Aug-2010 11:01  
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WOW

will be next dream

LOL



Juz_Invest      ( Date: 13-Aug-2010 10:35) Posted:



 

 




Target price for Genting Singapore to S$2.00 from S$1.30 By CLSA

 

 

 

 
 
victorf     13-Aug-2010 10:49  
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we have no position (but will re-evaluate this counter in these two weeks) but we feel so SHIOK to see Genting up as it is really nice to see people making money (esp. the uncles and aunties).....good luck :)
 

 
Speeder     13-Aug-2010 10:45  
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Dream Come True

One year beer supplies

LOL




AK_Francis      ( Date: 29-Jul-2010 11:25) Posted:



RWS inaugurated since 14 Feb, CNY First Day, till today alrdy 165 days liao. Estimated each day posketed ard 1.5mil(Sands 1.96mil / day), ha ha, 247.5 mil liao, siao loh. But if counted sale of UK ops n 1H's profit, AK doubt Mr Lim can give div,if hv very lean liao.

But if ds burger breaks 130, hoe seh liao, better than div. Cheers.

 
 
AK_Francis     13-Aug-2010 10:40  
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Seow liao, up 14 cts n now 1.42. Yesterday only up a cts. Tks sifus.
 
 
freeme     13-Aug-2010 10:40  
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heng yest my short position didnt fulfill..
 
 
Juz_Invest     13-Aug-2010 10:35  
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Target price for Genting Singapore to S$2.00 from S$1.30 By CLSA

 

 

 
 
 
purelotus     13-Aug-2010 10:27  
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