Latest Posts By pharoah88
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| 02-Aug-2010 18:12 |
Genting Sing
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GenSp starts to move up again
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Genting Singapore TERMINATED 44 UK TUMOURS CASH REJUVENATED BRAND NEW |
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| 02-Aug-2010 17:59 |
Genting Sing
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EXTRAORDINARY GENERAL MEETING NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the “EGM”) of Genting Singapore PLC (the “Company”) will be held at West Ballroom, Resorts World Convention Centre, Basement 2, Resorts World Sentosa, 8 Sentosa Gateway, Singapore 098269 on Wednesday, 18 August 2010 at 10.00 a.m. for the purpose of considering and, if thought fit, passing with or without modifications, the following resolution which will be proposed as an ordinary resolution: AS AN ORDINARY RESOLUTION: APPROVAL OF THE PROPOSED DIVESTMENT “That: (a) approval be and is hereby given for the sale of the entire issued share capital of each of (i) Genting International Enterprises (Singapore) Pte. Ltd., (ii) Nedby Limited, (iii) Palomino Star Limited and (iv) Palomino World Limited to Genting Worldwide (UK) Limited (the “Purchaser”) on and subject to the terms and conditions of a conditional sale and purchase agreement dated 1 July 2010 entered into between the Company and the Purchaser (the “Agreement”), resulting in the divestment by the Company of its casino operations in the United Kingdom to the Purchaser (the “Proposed Divestment”), details of which have been set out in the circular to shareholders dated 30 July 2010; and (b) the directors of the Company and each of them be hereby authorised to complete and do all such acts and things (including modifying the Agreement and executing all such documents as may be required under or pursuant to the Agreement) as they or he may consider necessary, desirable or expedient or in the interests of the Company to give effect to this Resolution as they or he may deem fit.” BY ORDER OF THE BOARD DECLAN THOMAS KENNY Company Secretary 30 July 2010 Registered office: International House, Castle Hill, Victoria Road, Douglas, Isle of Man, IM2 4RB, British Isles |
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| 02-Aug-2010 17:53 |
Genting Sing
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GenSp starts to move up again
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S$1.52 iNCEPTiON The DREAM is REAL The LEGEND is TRUE |
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| 02-Aug-2010 17:45 |
Genting Sing
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GenSp starts to move up again
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| 02-Aug-2010 17:39 |
Genting Sing
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GenSp starts to move up again
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Genting Singapore Buy | $1.27 UBS raises target price to $1.52 from $1.23 after increasing 2011 EBITDA estimate by 18 per cent to $1.2 billion to assume higher margins. Keeps Buy call. Says even if Marina Bay Sands manages to increase market share, what matters is absolute growth in revenue and profit. |
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| 02-Aug-2010 17:25 |
Genting Sing
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GenSp starts to move up again
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Monday: 2nd AUGUST 2010 CLOSING S$1.29 43,892,000 BOUGHT frOm SELLER PRiCE ACTiON CONFiRMATiON |
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| 02-Aug-2010 17:17 |
Others
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STI 3200 pts possible?
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When did Greenspan suggest the DOUBLE DiP ? Earlier, everybody all over the world said UNlikely for DOUBLE DiP ? Singapore is very positive. Indonesia is very positive. Philippines is very positive. Malaysia is very positive. Vietnam is very positive. Hong Kong is very positive. South Korea is very positive. Taiwan is very positive. CHINA is very positive. INDIA is very positive. |
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| 02-Aug-2010 16:52 |
Unit Trusts/Funds
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METAL FUTURES MARKET 2010
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Metal futures market ‘still fairly niche’
Millet Enriquez emelita@mediacorp.com.sg SINGAPORE
But some analysts said it will take some time before metal futures will see good volume when it is eventually launched here, indicating that the market is still fairly niche.
“From a retail point of view, I think it will still be fairly niche.
“We probably won’t see a huge surge (in volume) immediately,” said Mr Wong Sui Jau, general manager at Fundsupermart.com.
Together with the London Metal Exchange (LME), Singapore Exchange is jointly developing cash-settled mini monthly metals futures contracts that will be traded and cleared on the local bourse.
Retail investors here will have access to these metals futures contracts which are priced off global benchmark prices from LME.
The first contracts that are expected to be rolled out in the first quarter of next year are copper and zinc, followed by other metals contracts later in the year, subject to regulatory approvals.
Mr Wong believes the metal futures will likely appeal more to savvy investors who may want to make a pure play on specific metals.
For retail investors who opt for exposure in several metals for portfolio diversification, he said they may be better off buying a fund benchmarked on metals and natural resources.
“For directly trading it, generally you are using futures contracts so the risk is much higher given that generally for such derivatives, it’s highly leveraged.
“So, you need to understand the ins and outs of these types of markets very, very well before you go into it,” Mr Wong explained.
The LME will help design and develop the products, which will likely be offered in the local currency.
“We think the prospects are good, but we are still looking and talking to the market to make sure we have that analysed fully,” said Ms Liz Milan, managing director of LME Asia.
Ms Milan said they are quite pragmatic about how volumes and levels of interests in the platform are likely to be.
But given the strong performance of metals like copper and aluminium over the last few years, metals remain attractive to both corporate and retail investors, she said.
For the first six months of the year, volumes of lots traded on the LME grew by 7.5 per cent on-year to around 59 million lots, led by strong trades in copper futures and options. Steel trading also saw a 385 per cent increase in trading to 57,606 lots, the LME said.
So far, industrial metals traded on the LME fared well last week, as China’s imports in June remained strong, according to a commodities report by Societe Generale’s Cross Asset Research.
Weaker US dollar, plus falling LME inventories also provide more upside potential for base metals, especially for NICKEL, the
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| 02-Aug-2010 16:50 |
Unit Trusts/Funds
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METAL FUTURES MARKET 2010
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LONDON METAL EXCHANGE [LME] 2010 | ||
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| 02-Aug-2010 16:39 |
Xpress
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Profit up 27% Price below NTA
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Xpress Holdings sells stake in Jiaxinda
Mainboard-listed Xpress Holdings Ltd has agreed to sell 10 per cent of its stake in Shenzhen Jiaxinda to three buyers for a total of $7.7 million. In a stock exchange filing on Sunday, the firm said this will reduce its equity interest in Jiaxinda — which is involved in large-volume print services — from 19.9 per cent to 9.9 per cent. Xpress said it is disposing parts of its holding in Jiaxingda to take advantage of its high valuation as a result of the favourable investment climate. It will use the net proceeds of $7.49 million for working capital and expansion of its services in print and supply chain management. It also plans to acquire new, advanced machinery to improve its production capabilities. Subject to discussion with its auditors, Xpress said its consolidated results for the financial year may include profit of $4.3 million upon transaction completion. |
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| 02-Aug-2010 16:28 |
Others
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DOW & STI
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RUSTED Gillard struggles as polls show her heading for defeat SYDNEY — Ms Gillard moved the focus back to policy matters, unveiling plans for a low fee pensions scheme after a string of public revelations. The centre-left leader pledged that if her Labour Party is re-elected, workers on average incomes would see their retirement savings grow by A$40,000 ($49, 212) under the new superannuation scheme. “It’s part of the sharp contrast between a re-elected Gillard government and what (opposition leader) Tony Abbott would do if he was elected prime minister,” she said. But Ms Gillard, who has faced criticism over how she seized power in a party coup against Mr Kevin Rudd, conceded that her battle to keep conservative Mr Abbott out of power was a tough one. “Let’s be very clear about this, we’re in a fight,” Ms Gillard said late Saturday. A new poll on Saturday suggested Mr Abbott’s Liberal Party had for the first time picked up an election-winning lead of 52 per cent over Labour’s 48 per cent, according to a Nielsen poll. Ms Gillard’s plunging popularity came after leaks from the Cabinet room that undermined her position on introducing paid parental leave and raising pensions. Mr Rudd, has denied claims he was behind any of the leaks. But his spectre cast a fresh pall over Ms Gillard’s campaign when ex-Liberal foreign minister Alexander Downer was quoted as saying his party “mercilessly” used Mr Rudd as a “double agent” to leak compromising information about Labour a decade ago.
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| 02-Aug-2010 16:18 |
Others
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Photographying Floods can be risky too
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It’s time to relook our anti-smoking strategy
I SAY E
Lessons on the evils of smoking have been drilled into the public since the early years of nationhood, advertising has been banned since 1971, the product has been taxed extensively and Singapore has pioneered the use of graphic warning labels. Anti-tobacco advertisements have become so graphic that they have to be screened after 8pm, after complaints of children being disturbed when they came onscreen.
Despite all these efforts, two glaring statistics stand out. From 2004 to 2007, we saw the proportion of young men who smoke rising from 18 to 25 per cent, while the proportion of young women rose from 7 to 9 per cent.
How did this happen?
[inefficacy inefficiency ineconomy]
Short of banning cigarettes, we have done everything possible to stop people from smoking, yet they continue to do so. One has to question how effective the new measures, announced last month, of banning tobacco companies from sponsoring cultural events, banning smokeless products and banning the use of the term “mild” and “light”, might really be.
It’s time for a paradigm shift. Let’s face it, if grown adults insist on doing things they know are bad for them, we should let them, but instead step up efforts to protect innocent parties from their actions.
Let’s start with the fact that smoking is an adult habit. But how many shops ensure that buyers of tobacco products are actually over 18? The most obvious starting point is ensuring that retailers are more stringent about age verification. Greater policing and fines for errant retailers who break this basic law are effective ways of ensuring that only those above 18 buy the products.
Then, we should ensure that the smokers limit the damage they do to themselves. Passive smoking is harmful to innocent bystanders and there are measures in place to protect them. As such, we might also want to reconsider the BAN on smokeless products as a means of allowing smokers to get their nicotine fix without harming non-smokers.
Instead, to counter the use of these products to entice people to smoke, we could LiMiT their AVAiLABiLiTY via MEDICAL PRESCRIPTION in the same way that Chewing Gum and Viagra are.
Finally, we might want to consider moving our anti-smoking message away from the health angle and more to the social aspects of the habit. As we’ve mentioned, everyone knows smoking is bad for you, yet people still pick it up.
If you talk to teenagers who take up the habit, you’ll find that the majority of them do it because they think it’s COOL. Young adults usually smoke for Stress Relief.
So, rather than bang on about its unhealthiness, the new messages be that smoking is not cool, and that smoking can cause more stress due to nicotine withdrawal. We’ve tried a host of harsh measures which have proved unsuccessful.
Isn’t it time we looked at smarter alternative methods of fighting the rise of the habit? |
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| 02-Aug-2010 15:58 |
Others
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Photographying Floods can be risky too
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governments are throwing SMOKE . . . . - flying chartered planes to the Meetings ? [WHY can't they SKYPE VIDEO CONFERENCE ?] - driving biggest cars at home ? [WHY can't they CYCLE to-and-from work like the British PM ?] WHAT is the use of switching off a light here and there ? ? ? ? |
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| 02-Aug-2010 15:54 |
Others
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Photographying Floods can be risky too
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Mother Earth dOesn’t have a chance if we dOn’t act
I REFER to Paul O’Hagan’s letter, “If we all did our part, it might still not be enough” (July 30) on carbon dioxide emissions. It is true that Britain’s CO The majority of government delegates at the Doha round of CO To cut a long story short, they returned home to the status quo, driven by their greed for economic growth — as well as their cowardice in not doing what was right. This was explained by Professor Paul Krugman in his commentary “Who cooked the Planet?” (July 28). The phrase “little drops of water make a mighty ocean and little grains of sand make a mighty land” comes to mind. Perhaps Mr O’Hagan didn’t read Prof Krugman’s commentary? If those who read it still offer the same old excuses for not doing our parts as individuals, I’m afraid dear old Mother Earth doesn’t stand a chance. 2 emissions make up only 1.8 per cent of the global total, and thus seem insignificant. However, Mr O’Hagan’s reasoning falls short of taking personal responsibility for contributing to reducing CO 2 emissions.2 emissions reduction talks seemed guilty of similar reasoning.Ronald Koh |
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| 02-Aug-2010 15:48 |
StarHub
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Starhub
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three Telcos are not competing just playing MUSiCAL CHAiRS |
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| 02-Aug-2010 15:32 |
Others
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JK funds performance
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Thank you very much
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| 02-Aug-2010 15:15 |
Thomson Medical
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dancing with former remiser king
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| 02-Aug-2010 15:09 |
Ying Li Intl
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Ying Li
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| 02-Aug-2010 15:07 |
Kreuz
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Darling IPO of 2010
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| 02-Aug-2010 14:32 |
Genting HK USD
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Genting HK US$
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kIss GENTiNG HK 
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