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Genting Sing
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GenSp starts to move up again
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Hulumas
Supreme |
08-Feb-2010 19:06
Yells: "INVEST but not TRADE please!" |
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So, your final answer is BUY? HOLD? SELL?
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yummygd
Supreme |
08-Feb-2010 18:14
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when genting is going up everyone ask you to buy and say yes yes yes and when it goes down they say sell sell sell...so now when everyone is saying will fall will fall will fall...will it actually go up up up?? because of the corrections of market everyone is saying doomsday. Your stock,your money,your decision. know why we are humans??Because we can change and think.If you need the money to survive sell now take a little loss...no problem.If you can keep wait for Genting's earnings one year??two years??three years??up to you, | ||||
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Mr.Bankrupt
Member |
08-Feb-2010 17:17
Yells: "A bankrupt playing shares~" |
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Fighting Spirit Changes Mode: From this  to these
Samson, other from DBS and OCBC, any other positive bank report? Hee hee.... *Still learning, be more patient, always positive in life* |
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samson
Veteran |
08-Feb-2010 17:10
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DBdbs S Group Research Equity DBS Group Research Equity Let The Games Begin!• New Year peak season Casino licence awarded – opening just before Chinese• impending opening to draw in the masses First mover advantage over MBS; Universal Studios• Likely to start off slow and ramp up progressively• look rich. Maintain Hold and TP of S$1.20. Potential positive knee-jerk reaction, but valuationsCasino licence in the bag. awarded Genting Singapore (GENS) its much awaited casino licence last Saturday. We understand GENS may need a week or so to tie up loose ends before officially launching its casinos in time for the Chinese New Year peak season (14-28 Feb). We expect crowd-puller Universal Studios to open soon pending completion of ride testings. GENS will be the first integrated resort to open in Singapore, cementing its first mover advantage over Marina Bay Sands, due for soft launch in Apr10 (at the earliest). The Singapore government hasSlow and steady ramp up. off with 500 mass tables and 100 VIP tables (capacity to ramp up to 760 tables), along with up to 1500 slots. We expect minimal contribution from junket VIPs in the early stages due to the strict junket regulations released on 31 Dec 09 (may need longer time for compliance). But junkets will still be required to kick start the VIP segment and help reduce RWS’ credit risk. We understand GENS will likely startPositive development, but rich valuations. casino licence is within our expectations. Although there may be a positive knee-jerk reaction, valuations look rich at 20x 2011 PE and 13x 2011 EV/EBITDA vs sector’s (Asia Pacific) 16x and 11x respectively. Share prices of casino operators tend to come off post-casino openings as initial earnings are unlikely to meet with street's full-year expectations. We also see potential share overhang from the mandatory conversion of remaining S$321m Convertible Bonds 2 at 95Scts on 9 Feb 2010 (338m shares). Maintain Hold and sum-of-parts target price of S$1.20 (valuing RWS using discounted cashflows, assuming 7.8%
WACC and 1.5% long-term growth). |
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Mr.Bankrupt
Member |
08-Feb-2010 17:05
Yells: "A bankrupt playing shares~" |
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hmmm.... looking at Mr Samson's posting, I wonder is there any logics to the rise and fall of share prices? Any can explain to me using logic on the real Genting SP situation why good news leads to the fall in price today? Cannot see the logic sia!!! LOL I am still learning, be patience with me, have a positive attitude. |
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purelotus
Senior |
08-Feb-2010 17:03
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One more story, I got so much story to tell haha. I got another friend is TA guy. In May 2009, I ask him, what stock to buy? He recommend me Genting, Yanlord, Yangzijiang. Then 3 weeks ago, I wanna see how TA guy view on Genting. I tease him, "I wan buy Genting leh. Genting almost opening liao." He: "What? Are you crazy" Me: "Last time you ask me to buy one leh" He: "Last time I ask you to buy is during wave 2 or 3 la, now already wave 5, U go in now wan to commit suicide ah?" (I am not TA guy, so i forgot how he reply me already, but almost look like this) |
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samson
Veteran |
08-Feb-2010 16:58
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OCBC Investment Research’s Genting Singapore (GS) has obtained the license to operate the country's first casino over the weekend. Although the company has declined to officially comment on when it plans to open the casino, but with its casino floor already fully decked out with just under 500 gaming tables (equal split between grind and VIP tables) and some 1300 new slot machines, we believe that it will be able to open its doors to the public within a couple of days. Likewise for the Universal Studios Singapore (USS) theme park, we understand that GS is in the process of putting on the final touches to the attractions; and is also awaiting the green light. While it may be ideal that both attractions can open at the same time, the news of GS getting the casino license should prove to be quite positive for the stock; this as the stock was earlier swamped by concerns that GS may not get the license until Mar. As such, we maintain our if adjusted for dilution from the mandatory conversion of its CBs by 09 Feb).
http://www.remisiers.org/research//Market%20Pulse-100208-OIR.pdf BUY rating and S$1.39 fair value (S$1.35(Carey Wong) |
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Mr.Bankrupt
Member |
08-Feb-2010 16:57
Yells: "A bankrupt playing shares~" |
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LOL nickyng, relax la. Everyone so negative about Genting, sometimes need to have a bit of positive post to balance up the atmosphere right. Think 5 more years later, I will have my chance to post back about my belief of Genting. Whahaha...... * Crazy liao* |
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AnthonyTan
Elite |
08-Feb-2010 16:57
Yells: "patience" |
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I am waiting for Genting SP to show me the $$$$$$$$$$ Gaming licence, opening date, what does that means to you? Does it means the share px must go up? Now you see it. Cheers and good luck
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Mr.Bankrupt
Member |
08-Feb-2010 16:53
Yells: "A bankrupt playing shares~" |
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Hwaaa all so negative on this Genting stocks? Sounds like its dying anytime. Hmmmmm wonder where is risktaker?0 |
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nickyng
Supreme |
08-Feb-2010 16:51
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again living in DENIAL mode !
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purelotus
Senior |
08-Feb-2010 16:49
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Then last weekend, I saw that uncle again. He Lim Teh at kopitiam. Last time he told me hold till $1.5, sure come one. I ask him again. "Friday, genting stock shot up to 10cent then drop back to 0.3 cents. What do think?" Uncle still silent and no answer me. I wonder what happened to him, maybe he buy a lot, haha. Since he no answer me, I give my own view. I said, maybe Genting cannot go up leh. He replied "Aiya, you cannot play with those big fish la, what they planning and thinking, you also donno la" Then he faster finish his tea and leave the kopitiam. |
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freshmind
Senior |
08-Feb-2010 16:47
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When genting sp shares dropped, we keep buy and buy to average the price and hope it can fly, but at the end, we all get stuck and cannot move out! The share price now still dropping, but I have no more interest to buy because the fact is "A LOT OF PEOPLE WAITING TO SELL", so how much you expect the share can fly... We have to control our emotion and face the reality, the party is over! | ||||
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belgeran
Veteran |
08-Feb-2010 16:46
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ehh... i also unloaded genting earlier on, @ 1.24, before the correction came abt.. like what alot of other said in the forums, stock market is forward looking... they have always been saying that licensing and opening are already factored in the current price... i think the next time the stock will move upwards is good news on earnings le |
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AnthonyTan
Elite |
08-Feb-2010 16:43
Yells: "patience" |
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Very strategic move.Be fearful when everybody is greedy. Be greedy when everybody is fearful. No wrong. Did that twice oreli.
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Mr.Bankrupt
Member |
08-Feb-2010 16:41
Yells: "A bankrupt playing shares~" |
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Lolx! Once you think out of the box, you wont follow the crowd and get drowned. But my morale got higher after seeing your message. I will be thinking out of the box, making my nightmare into sweet dreams!
HOLD TILL THE PRICE RISED AGAIN HUAT AR~ lolx.
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purelotus
Senior |
08-Feb-2010 16:35
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Few weeks ago, I ask few auntie and uncle, what they think about Genting Stock. Many of these uncle and auntie lost more than RM300k during bull run in early & late 90an I also ask my younger sister and my girlfriend who don play stock. Surprisingly, all of them replied me like this. "Genting sure go up la when it open , especially first day opening. Else Genting no face leh. But must sell on the opening day or few days later lo. After open must sell la, then the price sure drop one, buy again at lower price" After hear their comment, I think & think, if I wan to be rich, I cannot think or be part of them. So I sold all my Genting stock bit by bit. I don hold any now. |
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Mr.Bankrupt
Member |
08-Feb-2010 16:31
Yells: "A bankrupt playing shares~" |
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Reall sai lor. This time really long bia liao. Thought Genting will go up upon the news of getting license, in the end, price dropped. (Surprise...) Then next surprise will be Genting opening during festive season, price will drop further!?!? Looking at the amount of money Genting poured in (in billions) and it just commence operation, how long will it need to take before it can really start making its first load of profit? 5 years? 10 years? Thinking about this really super demoralised.  Anyone have any better explantions or foresight to turn my nightmare into sweet dreams? lolx
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yummygd
Supreme |
08-Feb-2010 16:24
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2 morrow lor you can short tomorrow bet you earn big big... but last chance for shorters on this counter till next week...so do it BIG. and good luck haha | ||||
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nickyng
Supreme |
08-Feb-2010 16:11
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well....this is called living in DENIAL....and when u finally wake up...u panic and u PANIC SELL ! :P dont worry....my Arty division will render help to SHORT it even lower for benefits of the rest who are sidelined :P
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