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Genting Sing
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Don't sell Genting if you going too make a loss
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Eddyson
Senior |
20-Mar-2008 21:23
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Just for information, Resort world had offered to its shareholders a share offer of every 10 shares of resort world shares with one genting share @ 38cts & cut off date is 18 March.That explain the high volume & sell down as Resort world had 6% of gentings total capital in the market. |
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AK_Francis
Supreme |
20-Mar-2008 18:14
Yells: "Happy go lucky, cheers." |
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GentInt IPO was 0.25 cents in Dec 2005, if I am not mistaken. I missed it but at last I bought some at .52 cents onwards. I buy and sell on this counters since end Dec 2005. Last yr, GenInt given me all the Right shares I requested. I dumped 200lots of it at around 0.85 last yr. I further unload my last 129lots at 0.605 last Fri. I did that as I hv no more faith on him wait until end 2009 when IR is about to kick off Or the stock market awake again. However, my hand itche again, Mon I bought in some at 0.6, 0.595 and 0.585. Alamah looking at today GenInt performance, sigh. If market goes down further ie as what the analyst said, STI support line at 2500, then price could be quite low, then we still not sure how low is low. Hence, don't touch GenInt at this moment. For me don't worry, I will buy in those lots. Need to go out already. Cheers. |
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178investors
Veteran |
20-Mar-2008 18:08
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to all shorting kings/queens... let's short genting tml.. ok.. nicky will lead the charge...hehe |
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787180
Master |
20-Mar-2008 17:30
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Genting has broken its 650cts support level...gone already..I recalled I bought a SRC at $15,000 and sold off for $40,000 when the club proposed rennovation with inclusion of indoor swimming pool and everyone anticipated $60k to $100k once rennovation is completed but once completed the price dropped drastically to below $15000 my original purchase price because mgt raised the monthly subscription.Of course not comparing apples with apples but the analogy is similar...after the 2010 year Genting shares may be worth even less than 56cts,bearing in mind it has o/s 8.7 billion scripts and with cost overruns expected to run into millions,its profits will be further eroded...cut and buy back cheaper maybe |
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ViperG
Senior |
19-Mar-2008 22:32
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AK_Francis..Can i say that if support break...the next resistance will freefall to 0.38-0.4? If so, we need to gather bear brothers to assist in shrting this "Int Resort"!! |
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zanetti
Member |
19-Mar-2008 22:06
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personally i feel that Gen Int is overrated by many. The ban in smoking etc has already deal a huge decline in profit, and i remember reading in a lot of papers that in other countries genting is alrdy not making a profit. But ppl are probably buying it because of the sentosa thing, but seriously how much actually can it make through sentosa when sg goverment set a rule that locals have to pay ard $100/ entrance to go in ? would u really go in ? maybe once or twice, after that i think its more worth to take boat to leisure cruise or wherever to gamble. Ya many will argue that majority of the profit will be depending on foreigners, but obstructing the locals( singaporeans are known to be gamblers) from going in, have probably minus more then 1/4 of the profit. And with such a bad economy, do u think ppl will still consider travelling ? the americans probably would stay at home to guard there mortgage houses... Furthermore Genting sentosa is different from genting highlands where ppl go there only to gamble, our main advertisement and main focus from sg government is to promote tourism. Which means that we will have many many others things to do other then gamble in sentosa, unlike genting highland where the whole mountain consist of a few pathetic shops and majority is still the casino. |
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ruanlai
Master |
19-Mar-2008 20:20
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Trading is to follow the wave.....You think you do not wanna to sell, the price will not drop meh.... Remember, if the price is dropping, you do not wanna to sell, got a lot of ppls going to sell down for you. When you cannot hold, you will be the next one join the Q to sell down..... SELL SELL SELL till STI hit 2500pts. |
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Forglory
Member |
19-Mar-2008 20:03
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why in the world did it break that support? I don't hear any news |
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zanetti
Member |
19-Mar-2008 19:54
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genting has broken its long-term support at 0.6... think tmr can start shorting this bugger. TP $0.5 |
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cyjjerry85
Elite |
16-Jan-2008 08:54
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i m a part time tour guide and i can feel the booming effects of the tourism rate personally...whenever i mentioned the IR Casino...the tourists often..WHhHHoooo...and also F1 race |
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soloman
Master |
16-Jan-2008 08:35
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Gentibng is well supported throughout Tourism sector - can weather anything well Drop of 0.5 cts cannot short lah Aunties and uncles also supporting this one |
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AK_Francis
Supreme |
15-Jan-2008 20:46
Yells: "Happy go lucky, cheers." |
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For those who do not hold any of the GenInt share, you may consider to keep some once the stock price is +/- 1 cent on the Right Isssue price of $0.60. Just stand aside to observe, no hurry and worry. Cheers. |
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singaporegal
Supreme |
14-Jan-2008 22:08
Yells: "Female TA nut" |
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TA-wise, this counter looks slightly bearish. The price has just cut the bottom bollinger band. |
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Green8
Senior |
14-Jan-2008 21:40
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My personal view is : Higher material and manpower cost would let the cost of construction higher. Many construction counters are affected. Profit margin reduced. US market is facing southward..... too many negative news......sideline and observe. |
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AK_Francis
Supreme |
14-Jan-2008 20:58
Yells: "Happy go lucky, cheers." |
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Construction contract will only have impact on stock prices on those undertaken contruction coy and not GenInt. I am still wondering why till now government still not yet award the Gambling Licence to GenInt despite government had approved the Resort contruction contract years ago. It will slow moving if the Licence issue is not settled. BTW, the Right Issue for GenInt was $0.60. Imagine I was given 180000 Right Issue(including excess right) but now I still can't break even. Die die have to hold loh. Hope Rat's year will bring us luck. Cheers. |
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soloman
Master |
14-Jan-2008 19:45
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MARINA SANDS - 2009 to be completed SENTOSA - early 2010 to be completed When SANDS is up - Genting will get a big lift up already Spore's economy & future will be dependent on tourism - i.e. IRs |
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timewatch
Senior |
14-Jan-2008 16:53
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by the way which year is the casino due to be completed. |
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soloman
Master |
14-Jan-2008 14:36
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Watch out for contracts award of 1.6 billion in Jan 08 soon Execution is well done Time saved in carparks construction as soil is firm - no need for piles Save some time When SANDS is up in 2009 this year, this one will also fly |
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soloman
Master |
12-Jan-2008 19:52
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Like our leaders say - 5 yrs , Spore will be in different platform Due to IRs , etc Every passing day towards IR opening , means greater strength for Genting, tourism, etc In fact , Genting is tourism ! |
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soloman
Master |
12-Jan-2008 18:41
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KIM ENG securities - construction, tourism related will weather STI drops well China plays will be hit. From Business Times & ST - 1/2 days ago |
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