Ready for cny rally :)

Ahead of the Bell: Las Vegas Sands

NEW YORK - An analyst raised his price target for Las Vegas Sands Corp. on Friday, saying there is a near-term buying opportunity as the casino operator ramps up in Singapore and likely sees continued strength in Macau.

Late Thursday the Sheldon Adelson-led Las Vegas Sands reported that it returned to a fourth-quarter profit, helped by surging revenue in Macau and Singpore.

Macau is the only place in China where gambling is legal. Las Vegas Sands opened the Marina Bay Sands in Singapore in April.

JPMorgan's Joseph Greff said in a client note that Marina Bay Sands had a bigger-than-expected sequential drop in VIP volumes, but cautioned investors not to read too much into it.

" The property is relatively new, seasonality is unknown and this probably led to aggressive VIP volume forecasting," he wrote.

Greff said he was impressed with Marina Bay Sands' strong sequential improvements in mass market volumes and slot volumes, which carry higher margins than the VIP segment.

The analyst raised Las Vegas Sands' price target to US$56 from US$55. He maintained an " Overweight" rating for the Las Vegas company.

GENTING SP is $ 2.13

Singapore Hot Stocks-Genting Singapore up on improved Q4 outlook

SINGAPORE, Feb 2 (Reuters) - Shares of casino operator Genting Singapore rose as much as 3.4 percent on Wednesday on hopes it will post better fourth quarter result compared to the previous quarter. At 0313 GMT, Genting Singapore shares were up 2.9 percent at S$2.11 on a volume of 48.9 million shares traded. Genting Singapore said its Resorts World at Sentosa casino resort contributed EBITDA of S$346.5 million ($272.7 million) in its third quarter, down from S$503.5 million in the second quarter amid competition from Las Vegas Sands' newly opened Marina Bay Sands. EBITDA refers to earnings before interest, taxes, depreciation and amortisation.

Genting Singapore's fourth quarter result is expected to be released in late February. " Their share price has come down a fair bit, so not surprisingly people go bottom-fishing... One concern was that their fourth quarter result was going to be uninspiring because of the cannibalisation from Marina Bay Sands," said Joseph Wong, an analyst at CIMB Research.

  " But during holidays they are pulling in a lot of families and there is expectation of the opening of more attractions in 2011," he said. ($1 = 1.271 Singapore Dollars) (Reporting by Eveline Danubrata Editing by Kevin Lim) Keywords: SINGAPORE MARKET STOCKS/GENTINGSINGAPORE (eveline.danubrata@thomsonreuters.com)(+65 6403 5669)(Reuters Messaging: eveline.danubrata.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved.

http://www.cnbc.com/id/41380823

Resistance @ $2.09, if clear may see $2.15

$2.00 as psychological support.. below may see $1.96 - $1.92...

1.85 is very attractive price indeed...

   but like Alexchia01 says, it may also be possible

      for it to fall further if support is not there when it reaches...

Just broken its support at $2.05. Looking at MACD and Candlesticks, it has a high chance of falling some more.

Next Support is at $1.92. If breaks, next is $1.85. If $1.85 also cannot holds, be prepared for free fall to $1.50.

Currently, STI is reversing upwards. Lets hope it can pull Genting SP up. If STI rise, but Genting SP didn't, it's better to get out.

Good luck.