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Genting Sing
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allantanhc
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06-Oct-2006 11:43
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Has gone up to $0.365 this morning. Should commence its ascending now. Sentosa IR proposals are due next Tuesday, I think. |
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billywows
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05-Oct-2006 22:56
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Forgotten to add .... having Universal Studio in Singapore is like having Disneyland in HK! Remember the mad rush on its HK's opening day? Universal Studio will be a super tourist PULLER - which is what Sentosa island is all about ya ... family entertainment. |
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billywows
Elite |
05-Oct-2006 22:50
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My guess is that Genting will win this Sentosa IR with its Universal Studio and famed US architect tie-up! And also to give Malaysia 'face' for the recent dispute cum apology from you-know-who. :P |
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allantanhc
Veteran |
05-Oct-2006 22:49
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Yes, my sense is that it is safe to go in at the current price. We are still getting at below IPO price. |
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jessie
Senior |
05-Oct-2006 22:42
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Thanks allantanhc. Price has already gone up steadily and I believe it will go up further especially nearer to the announcement of result in Dec. My colleague bought at 37 cents some time ago and he is still very bullish. Analyst target price is 43 cents (if I remember correctly). May buy some..... |
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allantanhc
Veteran |
05-Oct-2006 20:51
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Hi, Jessie, happy for you. So, any interest in Gent Intl? |
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jessie
Senior |
05-Oct-2006 19:31
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For the previous IR, I bet on both Keppel Land and Capitaland. Resulted that both also didnt win. I held on to both counters and bought more to average down. Luckily, managed to sell Keppel Land for some $800 kopi money. Today, sold part of holding of Capitaland at $5.25.... can go to starbucks already.... |
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allantanhc
Veteran |
05-Oct-2006 17:44
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Good question. If you draw lessons from the Marina Bay IR, a few weeks prior to the announcement of results, both Capital Land and Keppel Land were going at the lower range of $4.00. Just a few days before the actual results, their prices were driven up. Of course, subsequently both counters suffered some 15 to 20% drop in their prices when the IR was awarded to Sands. (Based on my memory, did not counter check data.) My own assessment is that at this point many market players think that there is still time. So, why not use their financial resources to play in other more exciting counters especially in such a bull run. Additionally, the cards of the other players have not been made open yet. May be there are surprises, who knows. So, putting money in Genting may not be sure win although the probability is high. My belief is that the price Genting will run up closer to the date of announcement of result. May be wrong. Time will tell. |
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YongJiu
Veteran |
05-Oct-2006 17:17
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good point noted. but why till now the price is fluctuating below the IPO price... |
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allantanhc
Veteran |
05-Oct-2006 17:12
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My assessment is that it has more than even chance. The tie-up with Universal Studio is formidable. What they have announced so far fits in very well with the theme of Sentosa IR. With Harrah Entertainment and Keppel Land reviewing their participation in the bid, there are only 3 contenders left. My sense is that Genting is the strongest and most confident contender as they have made known their plans and giving the public glimses of their proposals. |
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YongJiu
Veteran |
05-Oct-2006 01:47
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what is the chance for it to get Sentosa IR? |
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Nostradamus
Supreme |
04-Oct-2006 23:39
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Genting moved closer to completing its £640m acquisition of Stanley Leisure this morning by acquiring a further 7% of the UK casino operator. Genting's broker Citigroup acquired 5m shares at the offer price of 860p from City institutions. Added to purchases of 7m shares on Monday and Tuesday and the option over the 5.3% stake of Stanley chairman Lord Steinberg, Genting now controls over 50% of Stanley Leisure. This morning's market raid means Genting will be able to declare its offer unconditional on Friday, the first closing date for acceptances. |
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tanglinboy
Elite |
27-Sep-2006 13:44
Yells: "hello!" |
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I guess this is the right time to buy into the shares of the contenders? The hype will drive up the prices until the results are released! |
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Nostradamus
Supreme |
27-Sep-2006 11:25
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It will build a US$1b Universal Studios theme park on Sentosa if it wins the bidding to build a casino resort on the island, the Business Times reported. The newspaper said Genting International envisioned the theme park drawing more than 5m visitors a year. The park would cover about 22 hectares of the 49-hectare casino resort. It would have 20 rides. Genting International has formed a partnership with Universal Studios and Star Cruises Ltd to bid for the right to develop the resort. Other contenders are: CapitaLand and its partner, Kerzner Intl; Keppel Land and its partner, Harrahs Entertainments Inc; and Eighth Wonder. |
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Nostradamus
Supreme |
12-Sep-2006 23:56
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Stanley Leisure is the biggest casino operator in UK. It has 44 casinos in the country, where the government plans to issue 17 new licences. With rising competition from Macau and S'pore, Genting has to diversify and UK offers tremendous growth. |
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Nostradamus
Supreme |
11-Sep-2006 18:55
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While there is no doubt about the financial capability of Genting, backed by Malaysia's Genting Bhd, to finance the deal, dealers said there is concern that Genting may be paying too much for Stanley Leisure. But an analyst with a local brokerage held a different view, saying "there is a lot of value to be unlocked in Stanley Leisure." And in the context of Harrah's Entertainment's impending offer for London Clubs, Genting is probably hedging against the possibility of a competing offer, the same analyst said. As the UK government liberalizes the gaming industry, the analyst also pointed out that Genting is better off taking over established casino operators rather than starting from scratch. The analyst said Genting could easily finance the Stanley Leisure deal given that it has cash of about US$672m. However, a successful bid for Stanley Leisure may weaken Genting's bid for a 2nd casino licence on Sentosa, he added. |
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singaporegal
Supreme |
11-Sep-2006 17:11
Yells: "Female TA nut" |
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From TA outlook, this one is probably on a downtrend now. |
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rsua88
Member |
11-Sep-2006 15:21
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LONDON - Britain's Stanley Leisure said on Sunday that it had agreed a cash offer from Malaysian shareholder Genting International that values the UK casino operator at around 639 million pounds (US$1.2 billion). Genting bought a 5.3 per cent stake in Stanley on Sunday from its Chairman Leonard Steinberg, the two companies said. Mr Steinberg has also given an irrevocable undertaking to accept the offer and has granted Genting a call option on a further 5.3 stake. Genting said it now owned or had commitments for 30.5 per cent of Stanley's shares. The 860 pence-a-share offer represents a premium of about 26 per cent to the closing price of Stanley's shares the last business day before it announced it had received an approach on Sept 4. |
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red1721
Senior |
11-Sep-2006 11:02
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what if Capitaland wins the bid? |
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Nostradamus
Supreme |
11-Sep-2006 10:59
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I think the catalyst will come when it wins the Sentosa IR bid. |
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