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Latest Forum Topics / Genting Sing    Last:0.77 --  Post Reply
GenSp starts to move up again
yummygd
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08-Feb-2010 09:52     
 
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Stock Markets  
February 8, 2010, 9.19 am (Singapore time)
Genting Singapore halts trade pending announcement




The Straits Times newspaper reported on Monday that Genting, a unit of Malaysia's Genting Bhd, has told staff and tenants the casino and Universal Studios theme park at its Resorts World at Sentosa casino-resort will open this week

 

SINGAPORE - Genting Singapore requested a trading halt on Monday pending an announcement, following the granting of a casino license by the Republic's regulator over the weekend.

 
i think opening dates are why they halt it lei...or what else conversion of bonds??maybe lor if see if people will wannna convert their bonds.
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iPunter
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08-Feb-2010 09:51     
 
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Up or down doesn't matter... because it can go up or down.

The important thing is, if you are shorting, short at a high point..

And if you are buying, always buy at a low point.

Use your charts... and execute your (narrow ) stop losses..

This is the way to win in he long term.

Smiley
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Forglory
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08-Feb-2010 09:47     
 
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 Alert Admin 		suspended just because going to announce that they got license? suspicious, must be more than that.
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purelotus
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08-Feb-2010 09:45     
 
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Haha. No la. She just a card dealer leh. 

She donno about stock one, Haha. 



AnthonyTan      ( Date: 08-Feb-2010 09:34) Posted:

Does your dealer friend said why halt today?????????

purelotus      ( Date: 03-Feb-2010 11:25) Posted:



I called up my fren last nite, she working in Genting Highland as dealer.

She told me, Genting Singapore got the license already.

Now in standby mode. Will open for business anytime.

But I not sure if the share price will go up or not. Haha.
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yummygd
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08-Feb-2010 09:45     
 
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 Alert Admin 		pending announcement of opening dates i think they will announce licence to open universal also and their opening dates so willl be double happiness
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AnthonyTan
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08-Feb-2010 09:34     
 
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 Alert Admin 		Does your dealer friend said why halt today?????????

purelotus      ( Date: 03-Feb-2010 11:25) Posted:



I called up my fren last nite, she working in Genting Highland as dealer.

She told me, Genting Singapore got the license already.

Now in standby mode. Will open for business anytime.

But I not sure if the share price will go up or not. Haha.
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yummygd
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08-Feb-2010 09:33     
 
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 Alert Admin 		short art thou??

yogitrader      ( Date: 08-Feb-2010 09:27) Posted:



this was done is purpose coz genting is gonna bleed tomorrow. Lucky are those who short this stock. Might open as low as S$1.00. GLTA

The owner of one of two resort casinos opening in the city-state this year said it will ask the holders of its outstanding convertible bonds, amountingto S$321.1 million ($229.7 million), to convert the bonds into shares at 95 Singapore cents per share by February 9th 2010. The bonds are originally due 2012.
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yogitrader
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08-Feb-2010 09:27     
 
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this was done is purpose coz genting is gonna bleed tomorrow. Lucky are those who short this stock. Might open as low as S$1.00. GLTA

The owner of one of two resort casinos opening in the city-state this year said it will ask the holders of its outstanding convertible bonds, amountingto S$321.1 million ($229.7 million), to convert the bonds into shares at 95 Singapore cents per share by February 9th 2010. The bonds are originally due 2012.
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AnthonyTan
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08-Feb-2010 09:25     
 
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Are you on standby for the action when halt is lifted?

Cheers and good luck



iPunter      ( Date: 07-Feb-2010 08:44) Posted:



Take advantage of the opening ecstactic euphoria to make some money by shorting at the previous high.

There's minimal risk (fix a 5c cut-loss point). There's no better time to cash in than during such a spike.

After the spike, things may be bad again. The world economy looks in bad shape.
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street81
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08-Feb-2010 09:24     
 
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 Alert Admin 		End of trading day today, go to sgx.com and check for announcements for any lifting halt...all the way till 12midnight, if not check tomorrow morning.

yummygd      ( Date: 08-Feb-2010 09:15) Posted:

wonder when they will lift the halt...today or tom??normally how long do they take to lift it??any idea
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AnthonyTan
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08-Feb-2010 09:22     
 
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What goes up must come down.

Not vested at this point in time

Waiting for the the timing, hahaha



yummygd      ( Date: 07-Feb-2010 17:19) Posted:

it will go up and up and up and up and den when it is totally crazy it will crash..thats genting for you...thing is what is the price that it will go up too.



AnthonyTan      ( Date: 07-Feb-2010 12:48) Posted:

Tat's a supper brilliant ideal. Totally agree.

Hopefully this strategy work.

I see wat you see.

Cheers and good luck to you
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knightrider
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08-Feb-2010 09:19     
 
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 Alert Admin 		This report is from who ? If from some US fund, then forget about it, when Genting is S$1.09, they call for a sell call and say it is worth only S$0.8, and they keep buying in using another fund name !

ozone2002      ( Date: 08-Feb-2010 09:11) Posted:



Genting Singapore (GENS SP)                SELL
Price/Tgt: S$1.11/1.00                Mkt Cap: US$9.4b        Daily: Vol 79.8m          1-Yr Hi/Lo: S$1.32/0.39

Receives casino licence; ready for opening anytime soon. Resorts World Sentosa (RWS) received its casino license from the Casino Regulatory Authority of Singapore (CRA) on 6 Feb 10 and is set to commence operations anytime soon.
Comment: The timing of the receipt of RWS' casino license is within our expectation, and we believe that RWS will officially open its casino just before Chinese New Year (CNY) to take advantage of the festive season. The event is expected to generate favorable market sentiment and may temporarily boost GENS' share price. However, we reckon any share price upside would be capped by concerns over the strict junket regulatory environment, and Genting Singapore's (GENS SP) lofty valuations relative to regional peers (average 2010 EV/EBITDA of 10.5x). Currently, GENS is trading at 17.1x 2010 and 13.6x of 2011 EV/EBITDA.
SELL into strength. We maintain our SELL call and target price of S$1.00 on Genting Singapore (GENS SP). We recommend investors to switch to parent company Genting Berhad (GENT MK) (BUY/RM6.78/TP:RM8.50), which offers cheaper exposure to RWS, currently trading at 2010 EV/EBITDA of 5.0x.

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Raptor22
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08-Feb-2010 09:18     
 
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http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_487830.html 

One tenant said yesterday they had been told by the management that the theme park is targeted to open on either Feb 12 or 13, and the casino would open on Feb 13. 
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street81
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08-Feb-2010 09:18     
 
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 Alert Admin 		usually a day or 2...but in this case dunno whether they will drag till open day or not

yummygd      ( Date: 08-Feb-2010 09:15) Posted:

wonder when they will lift the halt...today or tom??normally how long do they take to lift it??any idea
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knightrider
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08-Feb-2010 09:16     
 
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 Alert Admin 		When re-open this counter, it will be a major leap, may be straight away trade at S$1.5 and above, since they can start operate on the 1st day of CNY. Good Luck.
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yummygd
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08-Feb-2010 09:15     
 
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 Alert Admin 		wonder when they will lift the halt...today or tom??normally how long do they take to lift it??any idea
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sbkm999
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08-Feb-2010 09:14     
 
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what the meaning of halt...what will happen..

wonder can reach 1.5-1.6 when casino opening? Smiley
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matrixneo
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08-Feb-2010 09:13     
 
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 Alert Admin 		hopefully just a short term halt...
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street81
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08-Feb-2010 09:13     
 
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 Alert Admin 		this one very fast come very fast go...must be careful
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ozone2002
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08-Feb-2010 09:11     
 
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Genting Singapore (GENS SP)                SELL
Price/Tgt: S$1.11/1.00                Mkt Cap: US$9.4b        Daily: Vol 79.8m          1-Yr Hi/Lo: S$1.32/0.39

Receives casino licence; ready for opening anytime soon. Resorts World Sentosa (RWS) received its casino license from the Casino Regulatory Authority of Singapore (CRA) on 6 Feb 10 and is set to commence operations anytime soon.
Comment: The timing of the receipt of RWS' casino license is within our expectation, and we believe that RWS will officially open its casino just before Chinese New Year (CNY) to take advantage of the festive season. The event is expected to generate favorable market sentiment and may temporarily boost GENS' share price. However, we reckon any share price upside would be capped by concerns over the strict junket regulatory environment, and Genting Singapore's (GENS SP) lofty valuations relative to regional peers (average 2010 EV/EBITDA of 10.5x). Currently, GENS is trading at 17.1x 2010 and 13.6x of 2011 EV/EBITDA.
SELL into strength. We maintain our SELL call and target price of S$1.00 on Genting Singapore (GENS SP). We recommend investors to switch to parent company Genting Berhad (GENT MK) (BUY/RM6.78/TP:RM8.50), which offers cheaper exposure to RWS, currently trading at 2010 EV/EBITDA of 5.0x.
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