No one really knows actual size of Singapore’s casino gaming market, judging from 49 target price upgrades by analysts for Genting Singapore (G13.SG) as of last Thursday over past year, says Nomura, according to Dow Jones.
Nomura notes total of 76 changes have been made to target prices, including 27 downgrades over same period: “The guessing game continues with consensus price targets going as high as to imply it is worth more than the three Singapore banks and larger than the combined market caps of all the Macau-listed names.”
Nomura says frequency of upgrades shows there are lots of novelty factors at play, could take a year for euphoria to die down; “by extrapolating the street’s frequency and quantum of upgrades, the implied price target for Genting Singapore could possibly hit $10 soon.”
But sticks to its Reduce call, $1.01 target, based on average of 12x EV/EBITDA fetched by Macau operators. Shares off 1.0% at $1.97.
Latest Posts By niuyear - Supreme About niuyear |
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16-Sep-2010 11:38 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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Yeah, i would think so . :) Even if Singaporeans not allowed to go Casinos in singaproe, not much impact, cos, only 5 million plus singaporeans vs the whole world..........hahaha! I believe that analyst who reported in the chinese news paper today, its just to make use of situation to write the report with its tp 1.02.
P/s -hope $3 could come true.
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16-Sep-2010 11:28 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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"Ak, dont tell me our Garment wants to cool down the Genting price like they did in cooling down the property price. Wah piang, if like that...........is like puting a bomb in this counter lor.?
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16-Sep-2010 11:17 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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What kind of Steps will our Garment take: 1st possibility - Increase the Gambling Tax, Gaming industry will have to perhaps, double its tax payable 2nd possibility (though unlikely) - Increase Levy to $200 per entry and annual $4000 per pax 3rd possibility (very likely) - All Singaporeans cannot enter Casinos in Singapore..
The above might never comes thru........lol!
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16-Sep-2010 10:40 | Others / TRADE FREELY & LiVE LONGER Go to Message | ||||||
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A superwoman masked up her face with regret of flying too much until her breats become dropping .....this shows how strong the gravity is while one is flying in the air............lol!
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16-Sep-2010 10:30 | COSCO SHP SG / CoscoCorp Go to Message | ||||||
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HIgh school students in other country already learning the fundamentals of investments and simple chart reading. I cant remember which country but i read somewhere.
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16-Sep-2010 10:16 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||
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Numbers of hokkien song very meaningful.. girl always waiting for her guy or just be there waiting for her guy to come back...not like now, you die your problem. lol!
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15-Sep-2010 16:51 | Genting HK USD / Genting HK US$ Go to Message | ||||||
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cheong again...... never be wrong to put money in gaming business |
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15-Sep-2010 15:38 | Tiger Airways Rg / TigerAir Go to Message | ||||||
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This stock no sweat, can stay above $2... some analysts keep shooting it down, should shoot back
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15-Sep-2010 15:30 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||
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did you send birthday card to him.
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15-Sep-2010 15:27 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||
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干一杯!
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15-Sep-2010 15:20 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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Those VIPs at VIP lounges. treated like queen and king. Go turf Club see horses make love............hahaha!
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15-Sep-2010 15:09 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||
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Ak go KTV sing this song: 舞女
http://www.youtube.com/watch?v=6NjuYHwCCew
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15-Sep-2010 08:53 | Vallianz / Enzer - Restructuring in process Go to Message | ||||||
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Ask yourself, "Why you want to own a piece of this company" ? Owning common stock from a company means that the stockowner owns a piece of the company.
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15-Sep-2010 08:32 | Others / How much gain this year? Go to Message | ||||||
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LO L!!
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14-Sep-2010 16:11 | Straits Times Index / STI to cross 3000 boosted by long-term investors Go to Message | ||||||
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The only worry for the banks is : Too many people are willing to part their money in the 2 Casinos of Singapore.!!! You draw, i draw, ATMs at Casinos very busy.
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14-Sep-2010 15:48 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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Quotes from the post : ................Nomura notes total of 76 changes have been made to target prices, including 27 downgrades over same period: “The guessing game continues with consensus price targets going as high as to imply it is worth more than the three Singapore banks and larger than the combined market caps of all the Macau-listed names.................
P/s - It has been guessing ? Still dares to shout so loudly? When the analyst does its analysis of each company, does he just base on the company 'written financial report' only and has he also taken into accounts of its nature of business, its prospect , its attraction, people's culture, the sentiment of the stock. or simply by GUESSing? ................. Gentnig is a NEWLY SET UP Casino / INtegrated resort in Singapore, and it is the first of the kind in Singapore and if an analyst just simply do so by juding the 'book' to write the report, no wonder they have to change their price target 76 TIMES!!! I dont know if its true that, people lost 1 billion in one day, (few of them) and each could turn out to be $250 millions!! The loss of that business man of 26 million looks like chicken feet.
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14-Sep-2010 15:20 | Vallianz / Enzer - Restructuring in process Go to Message | ||||||
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Die? Those who followed buy call much earlier, then will die............hahaha!
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14-Sep-2010 15:16 | SGX / SGX Go to Message | ||||||
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Does this move benefit retailers? This move can only benefit the SGX, (they get theh commission) but as far as retailers are concerned, not much different.
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14-Sep-2010 15:01 | SGX / SGX Go to Message | ||||||
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SGX had made mistake by listing too many JUNK S-chips, hope this time round, the move could bring their share price to new high? can surge pass $9.00?
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14-Sep-2010 12:21 | Genting Sing / GenSp starts to move up again Go to Message | ||||||
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How to put it? I would analyse in 'physique theory' : Stepping into Casino is physical buying/selling shares in stock market is non-physical hahaha!
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