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Luckily I don't invest in Genting shares due to my belief that it is no good to be part of a gambling business. You are shareholder of a casino that means you are " boss" of the business, however small your shareholdings are, yes you are the " boss" because when you attend agm you can make a decision or join in a decision. Thusyou are the boss. I don't like to be a boss of a gambling outlet, that's all. I don't buy SGX, I don't buy banks because there are all after your money, that is it. Lol..
Hawkeye ( Date: 23-Feb-2012 14:55) Posted:
All along Genting SP EBITDA is around 350mil +-50mil.
The report show GSP is consistent and much growth prospect planned and upcoming.
Those analyst who expect EBITDA 450mil and like Sands is expecting lucky everytime.
settowin ( Date: 23-Feb-2012 14:06) Posted:
| It is good to repeat and repeat again so that the weak hearts can succumb, hahaha |
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Fundamentals can change, and they really do change. Midas is not really that bad. It is some digruntled people secretly bad mouthing it after the China train crash and corruption thing, which really have nothing to do with Midas as it is never involved.
Midas has really disappointed RichTan several times, hahaha.
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Sure, since oil prices are upping. Good luck.
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It is good to repeat and repeat again so that the weak hearts can succumb, hahaha.
krisluke ( Date: 23-Feb-2012 14:03) Posted:
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Shares of casino operator Genting Singpore PLC fell as much as 4.5% to a three week low after some analysts said its fourth quarter earnings missed their expectations, reported Reuters.
By 9:05 a.m., Genting’s shares were 3% lower at $1.615 with over 3 million shares changing hands, making it the most actively traded stock on the stock.
Genting, whose main asset is the Resorts World at Sentosa casino complex, made $398.8 million in adjusted earnings before interest, tax, depreciation and amortisation last quarter, up from $384.7 million a year ago.
Genting SP: 4Q11 results slightly below consensus, despite the boost by luck factor.
RWS adjusted EBITDA came in at $406m, +8% qoq, and RWS EBITDA margin was 52% vs 48% in 3Q. This was boosted by a record high VIP win rate of 3.9% (vs 3Q11's 3.2% and normalized expectation of 2.85%), otherwise normalized EBITDA would have been only ~$300m.
The headline EBITDA numbers masked sequentially weaker volumes (VIP: -26% qoq, mass: -7% qoq), which confirms the first sequential drop in VIP volumes for Spore’s gaming market.
The silver lining was that RWS recovered share, 49% of Spore gross gaming revenue (GGR) in 4Q, vs 48% in 3Q, and 47% of the VIP rolling chip volume vs 44$ in 3Q.
Investors may also cheer the maiden 1ct div.
While mgt guided for a slightly more positive outlook for 2H12, key risks are possible rise in bad debt provisions and high operating expense relating to the 2nd phase opening of hotels and new facilities.
GENS also said it is planning to issue perpetual capital securities and has received a rating of Baa1 from Moody’s and A- from Fitch, the highest for any gaming co in the world, as mgt said it was looking to invest in new projects.
Plenty of downgrades from the Street.
Citi maintains Sell with TP $1.47 (from $1.50)
Nomura reiterates Reduce with TP $1.41.
HSBC downgrades to Neutral with TP 1.74 (from $1.99)
JPM keeps at Neutral but lowers TP to $1.90 from $1.95.
Goldman keeps at Buy, but lowers TP to $2.16 from $2.22. |
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At least TA will be an alternative booking source to switch to. Perfect story of " one man sorrow is another man's joy" Lol..
Tomique ( Date: 23-Feb-2012 13:51) Posted:
I was actually about to ask one question but DBS beat me to it by a " hint" in its assessment.
My question really is answered indirectly by it, and this is my question:
" With the vacuum created by Air Australia going defunct, how many budget airlines operating in Aussie land will fill its gap for budget travellers? Tiger Air will get how big portion of the windfall business?" . |
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Creation of a flag, to accumulate on weak holders' disadvantage. Will cheong when the time is ripe.
hongche ( Date: 23-Feb-2012 13:50) Posted:
Stock on the down side while with good result. Currently trade in consolidate phase. We expect it go more down side at the level of 1.54.
for all Stock Tips - Click here |
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Huat huat arh, win win win. From strength to strength. Though market weak, it is going strong. Hohoho.
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Question directors often when you all attend any AGM, don't stick forever to be a timid Singaporean shareholder. Any company that tells a lie, take class action against it. This never happen in Singapore, but is common overseas. Despite top leaders teaching all to sue any body whom one think wronged, nobody (shareholder) has learned anything. Aiya...
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It is always not an easy answer. Sometimes instead of an eel, it can turn out to be a snake. Hahaha. Eels are edible but snakes can kill.
louis001 ( Date: 23-Feb-2012 11:15) Posted:
yes, the question is what kind of fish and which fish is good ?
settowin ( Date: 23-Feb-2012 11:10) Posted:
| Time to bottom fish has come or not |
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If anyone is confused, sorry as this does not apply to Singaporeans, but Singees.
My friend said, we have to differentiate between all types of Singapore people. Singaporeans are those who are born here and citizen by birth while Singees are integrated Singapore citizens. The two would surely have different thinking and backgrounds that characterise their lives.
settowin ( Date: 23-Feb-2012 10:39) Posted:
| I believe the reason is the super strength of our Singapore dollars that makes it more attractive to sell off Hancore shares than to make profits from the China business. This causes the shares to be sold for its dollar than for its prospects. |
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Time to bottom fish has come or not?
settowin ( Date: 23-Feb-2012 10:48) Posted:
| Most counters have gone back to their pre CNY levels, some even lower. |
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Midas has been a nightmare for many. Always downtrend. Shorting this counter can make some money if you keep shorts for long time.
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Highest was 4.5 cents? Remembered NTA after restructure was 7 or 6 cents. (not vested now). Slightly undervalued and stagnant traded at ard 4 cents., but could spring a surprise anytime.
iPunter ( Date: 23-Feb-2012 10:49) Posted:
This one has already run very high recently... 
leeeta ( Date: 23-Feb-2012 10:18) Posted:
| while other pennies had a real run, this one just vomitted..really shitty |
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Can go fishing today afternoon.
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Most counters have gone back to their pre CNY levels, some even lower.
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The bull has be killed by the bear. I nuetral from today.
steadylar ( Date: 23-Feb-2012 10:37) Posted:
UOB's results will be announced tomoro. Will it be another sell on news? |
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I believe the reason is the super strength of our Singapore dollars that makes it more attractive to sell off Hancore shares than to make profits from the China business. This causes the shares to be sold for its dollar than for its prospects.
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Passing on game. I buy queue 5 million shares, you sell queue 5 million shares, ok?
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Did not cheong lah, instead went opposite direction at the start.
dowcog ( Date: 22-Feb-2012 21:46) Posted:
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http://www.channelnewsasia.com/stories/singaporelocalnews/view/1184327/1/.html
Cheong tmr. Confirmed. |
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Some shareholders say the dividends is too small, but some may feel at least there is going to be some yields for their investment to stay vested. Directors have promised to give and have acted. Of course paying too much dividends when a company is growing is sometimes not advisable, so I think that is why only 1 cent per share.
settowin ( Date: 23-Feb-2012 09:59) Posted:
Today all eyes turn to Genting Sp full year report announced last evening.
Everyone watching to see how the bbs want to play this counter.
Fourth qtr net profits of S$262.042 mil compared to prev $150 mil loss, good or bad is in the eyes of analysts.
Full year net profits of S$1.019 Billion compared to prev $37.76 mil profit, good or bad is also in the eyes of analysts,
We got no eyes to see whether big profit or big loss. Whether the company or the group make 10 billion dollars do not affect us, we just buy or sell. Lol. |
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