Genting Singapore falls to 5-month low on valuation concern
Written by Bloomberg
Thursday, 18 February 2010 10:00
Shares of Genting Singapore Plc, which has just opened its casino in the city-state, fell to its lowest level in five months on concern valuations have become unattractive following recent gains.
“While we remain positive on the group’s business model, valuations are very demanding,” Melvyn Boey, an analyst at Bank of America’s Merrill Lynch in Singapore, told Bloomberg news.
Yes this company give divi in year of 2006 n 2008.
Even numbering...hehe.
Maybe this year may have.
Cheers.
MikeL2009 ( Date: 09-Feb-2010 11:05) Posted:
This co. has never paid dividend? Dr Lin should know better than to pay dividend if he wants to see his co stock price go up. Hyflux pays dividend.It pays to pay dividend, Dr Lin!
Hope Genting sp will improve themselves. Even though it is open with main target is the tourist, they also have to do somethings to satisfy those singapoorean who pay $100 for the entrance.
They can't jus depend on the tourist to generate their revenue loh........
smartrader ( Date: 16-Feb-2010 00:52) Posted:
Disgraceful for both singapore and Genting.....
Genting played politics... it declared it was ready anytime and only need to wait for CRA to issue licence.... when CRA issued licence, they had to save face to open by CNY even though they were not ready.. half of the casino was not opened - limited no. of jackpot machines meaning you have money also cannot play... small table for table games...
coffee machines no replenishment...membership counter do not know the promotion... F&B did not know the usage of free voucher issued..
Genting Highlands is 100 times better run than RWS.. RWS did not take any of Genting Highlands' strengths.... eg. ATM to withdraw cash which cuts down long q at cashier..
Overheard many singaporeans saying they will go Genting Highlands.. ..buy parent share...
Never hold yr stock for more than 3 to 4 years for long term.
Recession is in cycles.
To be frank even if u are well equipped with skillls in trading, u will also be trapped sometimes also. Remember it is the economic & the company FA that influence the stock price......
For Livermore comments, i agreed with him. Buy some when stocks are oversold. But make sure they have good FA.
Lastly remember to reserve bullets (that what i normally did).
Cheers, Happy CNY to all.
boyikao3 ( Date: 13-Feb-2010 20:29) Posted:
Of course you can find your ideal price ! But you need to be well equipped with the skills of trading, which many people are lazy to learn.
If you bought and hold any SP500 or DJIA blue bank chips for the past 10 years, you would not have earned much and probably be sitting on a huge paper loss. That's a lot of waiting for nothing ! Buying and holding now in this economy is like burning your real cash to your ancestors !
Livermore ( Date: 13-Feb-2010 20:03) Posted:
You can't always be waiting for your "ideal price" to buy. Be flexible. When stocks ae oversold, use a 2 strike strategy instead of insisting you need to buy at a certain pric
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