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Genting HK US$
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francisd
Veteran |
23-Mar-2012 15:45
Yells: "BUY LOW SELL HIGH" |
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If you are waiting for Capital Gains(CG) one has to wait a long long time. If you had invested (and a investor like me) anywhere last year @ this time the stock was at the same price as of today, it between the highest it touched was .46 cents. Not forgetting that this is a USD stock and the USD dollar is on its way down from 1.28 then till today which is around 1.26(loss on exchange also). So in the end one has not made anything (at least give a good divided after making tons of money) from this counter from a long time( a year). Only if you have been trading and caught and wave at the right time. There is nothing more left now after the results with the analysts digesting this news and coming out with their reports. Happy Trading. Cheers.
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tradermonster
Member |
23-Mar-2012 12:38
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Genting stock is not dividend stock but capital gain stock. STOCKS NEWS ASEAN-CIMB ups Genting Hong Kong target to S$0.54 The broker raised its 2012-2014 earnings per share estimate for Genting Hong Kong, which is listed in both the Chinese territory and Singapore, by 7-19 percent to account for the higher share of profits from its jointly controlled entities. " We believe Genting Hong Kong is still undervalued, particularly as it shows promising growth prospects on all fronts," said CIMB in a report. The Star Cruises business, for example, is expected to remain resilient over the next few quarters, as it captures growing regional demand for casino gaming. By 0331 GMT, shares of Genting Hong Kong were 1.3 percent higher at $0.39. They have surged 47 percent since the start of the year CIMB Research has raised its target price for Genting Hong Kong Ltd to $0.54 from $0.52 and kept its outperform rating, citing strong revenue growth at its cruise ship business.
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francisd
Veteran |
23-Mar-2012 08:38
Yells: "BUY LOW SELL HIGH" |
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As usual BIG PROFITS AND NO DIVIDEND. What the.... :( | ||||
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tradermonster
Member |
23-Mar-2012 08:34
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Another Genting Singapore.. | ||||
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gary88
Member |
22-Mar-2012 23:29
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Genting Hong Kong Lt : Genting Hong Kong Group Announces Full Year Results For 201103/22/2012 | 09:29amRESULTS RELEASE 22 March 2012 FOR IMMEDIATE RELEASE INTERNATIONAL GENTING HONG KONG GROUP ANNOUNCES 123.7% PROFIT GROWTH FOR FULL YEAR 2011 The below commentary is prepared based on the comparison of the results for 2011 and 2010 (restated) of Genting Hong Kong Group (the " Group" ). Key points for 2011 in comparison with 2010 (restated): • EBITDA for the year improved 38.2% to US$141.1 million, compared with US$102.1 million in 2010 • Capacity days increased by 7.3% from approximately 1.9 million to 2.0 million capacity days mainly due to the full operations of m.v. SuperStar Libra in 2011 • Total revenue increased by 28.9% from US$399.8 million in 2010 to US$515.5 million in 2011 mainly due to the 42.6% increase in gaming revenue from 2010 • Operating expenses excluding depreciation and amortisation increased by 23.7% in 2011, mainly due to higher fuel costs and payroll and related operating costs • Selling, general and administrative expenses excluding depreciation and amortisation increased by 33.2% in 2011 mainly due to increases in payroll, advertising and promotion expenses • Operating profit was US$67.5 million for 2011, a 54.1% improvement compared with US$43.8 million in 2010 • This year, the Group continued to make asset rationalization a key focus by finetuning ship deployment and sale of its non-core assets. This has allowed the Group to build on the momentum from the turnaround it experienced in the prior year, and report a record profit of US$185.4 million in 2011, a 123.7% increase to the US$82.9 million reported in 2010 |
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tradermonster
Member |
22-Mar-2012 18:00
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GENTING RESORT SECRET GARDEN IN CHINA, ANOTHER " IR" THAT BIGGER THAN SINGAPORE COMBINE WITH MALAYSIA. http://www.gentingresortchina.com/ |
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bishan22
Elite |
22-Mar-2012 17:29
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Tank q for the info. 
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tradermonster
Member |
22-Mar-2012 17:25
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Annoucement of result for 31 December 2011 by today.
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tradermonster
Member |
22-Mar-2012 15:42
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GENTING HONG KONG IN BANKING BUSINESS, AIMING INDIA MARKET OF 1,170,938,000 POPUATION ESTIMATED IN 2010. Genting Hong Kong acquired a 5.96% stake in Sri Lanka-based Union Bank of Colombo last December 2011. In total, the Genting Group owns 26% of the bank. Union Bank of Colombo is planning an IPO this year, analysts say |
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tradermonster
Member |
22-Mar-2012 15:39
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MACAU AND TAIWAN NEXT? Aside from its ventures under Travellers International, Genting Hong Kong is also pursuing other casino resort projects around the region on its own. In 2007, the company paid US$250 million for Macau Land Investment Corp, which has a land parcel of 8,100 sq m. Genting Hong Kong says in its latest annual report that it is “taking steps to implement its strategy in making investments in Macau with a view to developing a hotel for the operation of a casino, subject to obtaining the relevant authorisation from the Government of Macau”.
Analysts also say Genting Hong Kong is likely to be eyeing emerging opportunities in Taiwan. Earlier last month, Taiwan drafted a casino legislative paper, proposing the establishment of casinos attached to integrated resorts on Taiwan’s offshore islands Penghu, Matsu and Kinmen. The draft recommendations include a low gaming tax rate of 15% — one of the lowest in the Asian gaming market — and multiple licences for the outer islands. According to the Taiwanese press, Taiwan will issue at least two gaming licences in the first phase and will issue no additional licences within 10 years. Successful operators would have to pay TWD3 billion ($128 million) upfront for the casino licence for a 30-year period. Bidding chances will largely be based on the scale of investment to be committed by the operator, as well as the operator’s experience in mega resorts. Taiwan plans to impose strict controls over the gaming industry, and potential investors will be subject to probity checks, which will be transparent and conducted by international professional bodies approved by the authorities.
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tradermonster
Member |
22-Mar-2012 15:10
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tradermonster
Member |
22-Mar-2012 15:08
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alexchia01
Elite |
22-Mar-2012 11:58
Yells: "Catch The Stars And Ride With Them" |
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I think can Buy Genting HK US$ today Entry: $0.375 and Above Stop-Loss: $0.335 More on my Blog at Alex Trades. Good luck. |
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bishan22
Elite |
22-Mar-2012 09:34
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Top volume today. Whatsup.
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tradermonster
Member |
16-Mar-2012 00:19
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BUY Genting Hong Kong Company Update Value re‐ emergePrice US$0.37 Target US$0.450
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tradermonster
Member |
13-Mar-2012 18:34
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MACAU AND TAIWAN NEXT? Aside from its ventures under Travellers International, Genting Hong Kong is also pursuing other casino resort projects around the region on its own. In 2007, the company paid US$250 million for Macau Land Investment Corp, which has a land parcel of 8,100 sq m. Genting Hong Kong says in its latest annual report that it is “taking steps to implement its strategy in making investments in Macau with a view to developing a hotel for the operation of a casino, subject to obtaining the relevant authorisation from the Government of Macau”.
Analysts also say Genting Hong Kong is likely to be eyeing emerging opportunities in Taiwan. Earlier last month, Taiwan drafted a casino legislative paper, proposing the establishment of casinos attached to integrated resorts on Taiwan’s offshore islands Penghu, Matsu and Kinmen. The draft recommendations include a low gaming tax rate of 15% — one of the lowest in the Asian gaming market — and multiple licences for the outer islands. According to the Taiwanese press, Taiwan will issue at least two gaming licences in the first phase and will issue no additional licences within 10 years. Successful operators would have to pay TWD3 billion ($128 million) upfront for the casino licence for a 30-year period. Bidding chances will largely be based on the scale of investment to be committed by the operator, as well as the operator’s experience in mega resorts. Taiwan plans to impose strict controls over the gaming industry, and potential investors will be subject to probity checks, which will be transparent and conducted by international professional bodies approved by the authorities.
UNCERTAIN BUSINESS
Positive as all this sounds, however, there are many risks. For one thing, casino resorts are a contentious business and often unpopular with ordinary citizens, despite the prospect of jobs that they bring. In a referendum last year, residents of Penghu rejected the idea of building a casino resort there on the grounds that it might destroy the rich marine life in the area. Now, residents of Kinmen, which is near mainland China, are also protesting on similar grounds.
Gambling is also subject to tough and often capricious regulation. Taiwan is imposing strict regulations to prevent social problems. A casino entry fee of TWD2,000 per visit for local patrons is likely to be implemented, along with a minimum entry age of 20 years. ATMs may not be allowed inside the casinos, and loss limits, restrictive casino marketing and other such preventive measures will also be put in place. Also, in the near term, Genting Hong Kong’s earnings are still heavily exposed to its weak cruise business, where fuel is a major expense.
Notably, NCL reported a loss of US$39 million in 4Q2010, even though it managed to eke out US$22 million in earnings for the full year. In a March note, Khoo of UOB Kay Hian said NCL was disappointing. He had expected net income of US$55.2 million for FY2010 and a smaller loss for 4Q2010, but interest costs and fuel prices were sharply higher. NCL reported losses of US$227 million in 2007 and US$211.8 million in 2008. In 2009, signs of a turnaround emerged as it reported a net profit of US$67.2 million, a first since 2005.
That uncertain profitability at NCL could result in its IPO being delayed, some analysts say. In the meantime, NCL plans to expand capacity when it takes delivery of two 4,000- berth ships in 2Q2013 and 2Q2014, contributing 17% of global new supply over the next three years.
Onboard gaming revenues at Genting Hong Kong’s Star Cruises unit accounted for 56% of its total revenues in FY2010, with passenger fares contributing 29%.
Although Star Cruises managed to lower operating expenses in FY2010, escalating fuel prices might pressure the cruise operator’s Ebitda (earnings before interest, taxes, depreciation and amortisation) margin, analysts say. Star Cruises’ average fuel cost rose 35%, from US$367 a tonne in FY2009 to US$494 a tonne in FY2010. Star Cruises has expanded its routes to serve North Asia from Taiwan and Hong Kong. But, the flourishing of landbased gaming means that onboard gaming at Star Cruises is unlikely to show much growth, analysts say.
Finally, the Genting group has a history of shuffling assets across its various listed units. In fact, Genting Hong Kong itself was created through a de-merger of Genting International’s cruise business more than a decade ago. Genting International, which once also owned a paper mill and power generation plant, has since been renamed Genting Singapore and now holds the group’s Resorts World at Sentosa property. Genting Hong Kong was actually allocated a 25% stake in the Resorts World Sentosa project, but that was later shunted into Genting Singapore when Genting Hong Kong began contemplating a deal with Macau gambling king Stanley Ho.
To the consternation of minority shareholders, Genting Hong Kong acquired a 5.96% stake in Sri Lanka-based Union Bank of Colombo last December. In total, the Genting Group owns 26% of the bank. Union Bank of Colombo is planning an IPO this year, analysts say.
IMPROVING PROFITABILITY
Nevertheless, analysts seem confident of sharp improvement in Genting Hong Kong’s profitability over the next couple of years as RWM takes off and Resorts World Bayshore City opens.
In FY2010, RWM achieved an Ebitda margin of 29%, higher than the 24% posted by Sands China, Macau’s Ebitda leader. “The lower gaming tax regime and lower wage environment in the Philippines are factors contributing to the high margin realised by RWM,” CIMB’s Tan writes in a report dated April 7.
Travellers International reported a net income of US$71 million for 2010. Last August, it declared a dividend of US$20 million, and Genting Hong Kong received US$10 million. Travellers International also redeemed preference shares last year, and Genting Hong Kong received US$39 million.
“As RWM ramps up further with substantial increases in its top line, we should see a higher level of operating leverage. We project a 30% Ebitda margin for RWM in FY2011 and a sustainable 35% beyond that year,” Tan says.
Somesh Agarwal, an analyst at Macquarie Securities, expects Genting Hong Kong’s earnings to surge to US$164 million this year, with US$89 million from RWM, US$61 million from NCL and US$14 from Star Cruises. He has a sum-of-the-parts valuation of 56 US cents for Genting Hong Kong. On the other hand, Khoo of UOB Kay Hian downgraded the stock to a “sell” earlier last month. He has a valuation of 40 US cents and expects RWM to account for 60% of Genting Hong Kong’s earnings this year.
Investors looking for the next unit of the Genting group to rally after Genting Singapore’s strong run over the last couple of years might find it in Genting Hong Kong.
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tradermonster
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13-Mar-2012 18:10
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Philippines IR It’s difficult to give a precise figure for the annual value in GGR of the Philippines market as it’s divided between private listed companies and the state-owned operator-cum-regulator the Philippine Amusement and Gaming Corporation. PwC, a specialist in professional business services said in its January report ‘Playing to win: The outlook for the global casino and online gaming market to 2014’, that it expected the country to generate approximately US$679 million in casino revenue in 2011—possibly nearly doubling that to US$1.2 billion by 2014 if all the infrastructure proposed for the Manila Bay entertainment zone is completed. In Genting Hong Kong’s 2010 annual report, the company said Resorts World Manila’s first full calendar year of operation following its soft opening in August 2009, achieved US$355.8 million in total revenue and US$102 million EBITDA (earnings before interest, taxation, depreciation and amortisation). PAGCOR’s total remittances to the country’s Bureau of the Treasury in 2010 were PHP10.343 billion (US$238.8 million). If existing IR infrastructure were the only measure used by international investors, then the Philippines would be out in front in the race for third place in the IR market behind Macau and Singapore. But it’s not the only measure used. Investors care about the security of their investment and about regulatory transparency. There the Philippines is arguably less competitive than some of its neighbours. It does however offer tax rates (25% on the ‘grind’ or mass-market and 15% on the VIP, plus 2% levied in both cases on restoration of cultural heritage) that are lower than Macau’s 39% across the board. The rates are still a little higher than Singapore’s applicable tax of 22% on the mass and 12% on the high roller segment (inclusive of gaming tax and goods & services tax). Resorts World Manila has benefited from having a local partner. That seems to have given it something of a buffer against the sharp swings that can occur in terms of regulatory approach and political mood in the Philippines. The country is a democracy, which in theory should assist in creating some transparency. But it is also one of the region’s most boisterous and fractious political landscapes. There’s constant bickering among lawmakers and claims and counter claims of corruption. That’s not necessarily what investors are looking for when seeking gaming opportunities. Volatile politics can produce volatile business outcomes. In South America in mid-September, the populist left-wing president of Ecuador gave casinos there just six months to close following what many in the industry regarded as a deliberately loaded referendum. |
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tradermonster
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13-Mar-2012 18:01
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Even consider this too: Even by the big-thinking, grand-planning standards of contemporary China, the under-construction Secret Garden, a RMB6 billion ski, golf and adventure resort in the country’s northeast, is a project of spectacularly large proportions. When the work is finished, it will have 82 ski runs, chairlifts and gondolas that can carry 18,000 guests a day five championship golf courses a theme park, a 3,000-person capacity convention center 2,700 hotel rooms an ice skating rink and trails for mountain biking and horse riding. The main investors, who run the Genting Highlands resort complex in Malaysia, are confident that the hunger for top-class facilities among newly-affluent Chinese will ensure the success of the Hebei province project. “It will be one of the leading resorts in the world,” says Justin Downes, president of the consultancy Axis, hired by the investment company, VXL, to advise on the adventurous scheme during the initial stages. Downes has had a long career operating such large-scale winter resorts in Canada, the United States and Australia, and sees huge potential for the Secret Garden. “It will be very easy to access, particularly for the 30 million people who live in and around Beijing. People in China are ready for this kind of development. It will bring in 21st century technology.” The resort is the brainchild of Lim Chee Wah, whose family already runs the Genting Highlands complex in Malaysia, a destination that draws some 20 million visitors a year, many of whom are lured by casinos. Lim, a long-term China resident, runs the Hong Kong-headquartered VXL group, which has investments in the information, communication and technology sector in Malaysia, along with property development and tourism interests in Hong Kong and the Chinese mainland. The Secret Garden is in an area that is already home to ski resorts, but it is not particularly easy to access at the moment. That will all change next year, when the new high-speed railway line from Beijing to far-western Urumqi opens, with the first station in Zhangjiakou City, a mere 20-minute shuttle ride from the ski slopes. That means the entire journey from downtown Beijing to the Secret Garden will take just over an hour. But the owners are not just targeting people in the capital. The aim is to attract people from all over China and other parts of Asia. A close-by military airport will be converted, so it can be used for civilian flights. To date, around more than $150 million has been invested, with estimates that the figure will grow to $6 billion by the time all the elements are completed, in a decade’s time. The first part of the Secret Garden will open this coming winter, allowing ski enthusiasts to try the newly-created slopes by the following December, a 350-room hotel and various restaurants and bars will be operational. Lim, who is a keen skier himself, plans to open the rest of the complex in phases. The master plan provides for five championship golf courses starting with a par-72, 103-yard facility designed by GolfPlan of Santa Rosa, California. The course will be open for play in early 2013. Mountain biking, horse-riding and hiking trails will be built, along with an ice skating rink and a theme park. As well as tourists, the owners hope to draw conventions and conferences and, to that end, will build a convention centre that can host 3,000 delegates. The idea is that the Secret Garden is in use 365 days a year, attracting outdoor-lovers in the summer months as well as winter skiers. The Malaysian investor, who is the youngest son of the late Lim Goh Tong, founder of the Genting Group, has had his eye on the site for more than a decade. It took a long time to obtain government approval for the mega-project, which will eventually cover a 100-square-kilometer area. The master plan, drawn up by the industry leaders in such schemes, as Ecosign and Hornberger + Worstell of San Francisco connects five valleys and three mountain peaks, linking over 250 hectares of skiing area and 65 kilometers of trails. The core village project, spread over 500,000 square meters, is located in the third valley and will be known as the Goh Tong Highlands Resort. The developers have the ambition to create a place that will be spoken of in the same breath as the world-class resorts at Whistler in Canada or the Rocky Mountains in Colorado. Certainly, it will set new standards for China as an international mega-resort within easy reach of Beijing. “There is nothing like it in China at the moment but that is not to say there won’t be in future,” says consultant Downes. “Right now, if you are a tourist, or a resident of Northeast China, you don’t associate it with tourism, but a lot of people in this part of the world are craving this kind of activity.” |
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tradermonster
Member |
13-Mar-2012 17:51
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Genting HK - Undervalued Gem Consider the following points:
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Eddyson
Senior |
19-Feb-2012 18:38
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Operating income for the year ended December 31, 2011 increased 37.1% to $316.1 million from $230.6 million in 2010. Net Revenue for the year increased 10.8% primarily due to the addition of Norwegian Epic to the fleet in June 2010 along with a 3.0% increase in Net Yield. The improvement in Net Yield came primarily from higher ticket pricing as well as increased onboard spend per Capacity Day. Adjusted EBITDA for the year increased 24.9% to $506.0 million from $405.1 million in 2010 and revenue increased 10.3% to $2.2 billion from $2.0 billion. Continuing business improvement initiatives resulted in a 1.8% decrease in Net Cruise Cost per Capacity Day. Fuel price per metric ton remained elevated versus prior year increasing 14.2% to $571 from $500 in 2010. Excluding fuel, Net Cruise Cost per Capacity Day decreased 4.4%. Interest expense, net of capitalized interest, increased to $190.2 million from $173.8 million due to a full year of interest on the debt related to Norwegian Epic along with higher average interest rates. Other income was $0.9 million versus an expense of $34.0 million in 2010, which included a non-recurring charge of $33.1 million related to foreign exchange contracts associated with the financing of Norwegian Epic.
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