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GenSp starts to move up again

erictkw
Veteran

07-Jan-2010 16:04

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Genting Singapore rated buy

Written by The Edge

Thursday, 07 January 2010 15:02

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AnthonyTan
Elite

07-Jan-2010 14:07

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Hi all,

Opening date, gaming licence and whatnots are all oreli discounted.

Above factors does not warrant the share price to surge.

The bottom line is whether the co. make $$$$$$$$$$$$

Trade with care

Cheers

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tanweechong
Member

07-Jan-2010 14:00

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something fishy!!!!! is it Right issue coming again????

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woeiquan
Member

07-Jan-2010 13:56

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hi All,

Genting SP getting correction now, anyone know what is the reason behind? will it continue correction for tomorrow?

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tanweechong
Member

07-Jan-2010 13:56

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20jan2010 is only hotel operation,

Casino is expected before CNY

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belgeran
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07-Jan-2010 13:48

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ehh... what's opening operation on feb 10?.. i thought the stated operation start date is jan 20 ?

happylee Member	Posted: 07-Jan-2010 10:25
x 0 x 0	It was suppose to open operation early Jan 10, now schedule Feb 10. That account for the fall...

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AnthonyTan
Elite

07-Jan-2010 12:45

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That person is a MFT. If you know him, get the 4 nos. from him.

Losing credibility, I doubt the accuracy.

Do your own homeworks.

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iPunter
Supreme

07-Jan-2010 12:41

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One abang dumped @1.30 yesterday...

He "tan tio" (untong) ...

He can buy low again... hehehe... Smiley

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kakigenting
Member

07-Jan-2010 11:46

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The person must be a fortune teller, can I have 4 numbers from him ? Smiley

AnthonyTan ( Date: 07-Jan-2010 11:01) Posted:

One forumer stated TP $1.60 - $2.00 by Feb 2010.

hahaha, Cheers

ozone2002 ( Date: 07-Jan-2010 10:49) Posted:

i'm so glad at least u have some sense.. :)

u have a bright future..

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AnthonyTan
Elite

07-Jan-2010 11:01

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One forumer stated TP $1.60 - $2.00 by Feb 2010.

hahaha, Cheers

ozone2002 ( Date: 07-Jan-2010 10:49) Posted:

i'm so glad at least u have some sense.. :)

u have a bright future..

kakigenting ( Date: 07-Jan-2010 10:01) Posted:

1.50? I heard this thousand times already. I think before it get into 1.50, we may earn few times in other counters already ...ZZZZZZZzzzzzzzzz Smiley

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ozone2002
Supreme

07-Jan-2010 10:49

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i'm so glad at least u have some sense.. :)

u have a bright future..

kakigenting ( Date: 07-Jan-2010 10:01) Posted:

1.50? I heard this thousand times already. I think before it get into 1.50, we may earn few times in other counters already ...ZZZZZZZzzzzzzzzz Smiley

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risktaker
Supreme

07-Jan-2010 10:33

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I support :) And will hold 1.24

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happylee
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07-Jan-2010 10:25

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It was suppose to open operation early Jan 10, now schedule Feb 10. That account for the fall...

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AnthonyTan
Elite

07-Jan-2010 10:20

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Genting is high.Uncles & aunties, when you run be very careful not to fall.

By the way, reports from Goldman Sachs and Morgan Stanley are not encouraging.

Pl. trade with care.

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win_88
Member

07-Jan-2010 10:13

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profit taking?

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kakigenting
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07-Jan-2010 10:01

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1.50? I heard this thousand times already. I think before it get into 1.50, we may earn few times in other counters already ...ZZZZZZZzzzzzzzzz Smiley

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AK_Francis
Supreme

06-Jan-2010 22:38

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Ha ha, for AK its just nice loh. My 375 each long sided eye fit ds font leh.

Genting SP 1.50, wah good blessing if it comes true loh. Cheers.

boyikao3 ( Date: 06-Jan-2010 17:49) Posted:

Wah so big ! U think we blind or what? Smiley

tthsteve ( Date: 06-Jan-2010 16:56) Posted:

TARGET PRICE $1.50 !!!!!

DJ MARKET TALK: Genting's Head Start For RWS To Help Margins-CLSA
1/6/2010 3:31:00 PM

0731 GMT [Dow Jones] STOCK CALL: CLSA reiterates positive view on Genting Singapore (G13.SG) after the gaming company says hotels at its new integrated resort Resorts World Sentosa (RWS) will open on Jan. 20. Broker says opening of RWS ahead of rival casino offering Marina Bay Sands will mean RWS enjoys a 100% market share for some months, which bodes well for margins. Believes Singapore's new integrated resorts will be more successful than the market expects; "adding large-scale casino resorts in the middle of a large and affluent Asian city with full government support has all the ingredients for success." But notes no confirmation yet from Genting as to when casino will open, broker currently expects casino to open on Feb. 1, says would be disappointing if casino was not open before Chinese New Year period in mid February. Adds recently announced junket rules for Singapore gaming market tough but as expected. Maintains Buy call and S$1.50 target price. Shares flat at S$1.28. (KIG)

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teeth53
Supreme

06-Jan-2010 18:48

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Date: 29-Dec-2009 23:38 Re-Posted: (Un-finish business of collecting another billion dollar)

Bot up lately is not late considering the play time period is till Mar/April 2010 B4 it open it IR door. Where $ in concern, when Gent SP need to find alot more money to sustain their ever growing operation here and in their expansion role. BBs may took profit and again RAM (Run And Move) up to ask everyone to invest again, this time not at such price as 0.80ct. just maybe a 20-25% discount from it last trading (future price). This can happen.....(assume, if. I'm d owner).

It is better to keep some on averaging up, have some money as well in ur pocket after bot it at a high, if not wait liao till Mar / April 2010 for other to buy higher...then U have to pump in the 4th time

Patience will be rewarded. (U have to decide to take profit as a matter of when)

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ozone2002
Supreme

06-Jan-2010 18:12

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Genting Singapore rides novelty wave

By ARTHUR SIM

GENTING Singapore appears to be on a roll with its share price increasing from about $1.17 per share just before Christmas to hit almost $1.30 per share yesterday. This despite news that its junket business may be affected by strict regulations in the future.

Getting a headstart: Mel's Drive-In, a Universal Studios theme park attraction, is scheduled to open at Resorts World at Sentosa in the first quarter of 2010

The increase of around 10 per cent over a two-week period can largely be attributed to the revelation that its Resorts World at Sentosa (RWS) will very likely open before Las Vegas Sands' (LVS) Marina Bay Sands, confirmed, more or less, by LVS chairman Sheldon Adelson who said its resort will open in the second quarter of 2010.

The perceived advantage is that RWS's casino could have a headstart in developing a base of Singaporean regulars who will likely choose to pay a $2,000 annual entrance fee over the $100 daily entrance fee, thus locking in their choice destination.

The release of Casino Regulatory Authority's (CRA) junket licensing regime also failed to dampen investor sentiments.

In a research note, CIMB analysts said that while stringent regulations could threaten RWS's VIP gaming revenue, 'we think that such concerns are largely long-term in nature'.

CIMB added: 'Over the short-term, we believe that the novelty effect would naturally drive in the punters, allowing RWS to nurture its higher-margined in-house VIP market by leveraging on the Genting Group's extensive gaming foothold and clientele base.'

After acknowledging downside risks like having to extend credit to in-house VIP clients, CIMB still retained its FY10-11 revenue projections for Genting Singapore of $2.94 billion and $3.57 billion respectively.

Analysts at JP Morgan say the strict junket regulations were 'expected' and appear to have priced this in. Their revenue forecasts for Genting Singapore in FY10-11 are even higher at $3.54 billion and $4.11 billion respectively.

Even analysts at Goldman Sachs, who are the least bullish with a 'sell' call on the stock, have revenue projections for FY10-11 of $2.97 billion and $3.68 billion respectively.

The assumption, it seems, is that there will be significant business generated by VIP casino clients with at least a couple of major junket promoters applying for licences to operate in Singapore. The consensus is that they will bring in about 40-50 per cent of total gaming revenue.

But a look at the actual application forms for junket licences which was released by CRA a few days after it released the junket regulations reveals that the probity checks on promoters are as strict as those for casino operators.

For example, applicants have to declare if they, their spouses or children, have made loans over $25,000 in the last 10 years. Applicants also have to list all assets, bank accounts (foreign and domestic) and business activities for the last 15 years.

It seems Mr Adelson may be right when he said recently that junket promoters will not come to Singapore.

Apart from opening the casino on time - the official date is still Q1'10 - there is another hurdle that Genting Singapore will have to contend with, and that is how rigorously the government here intends to regulate credit facilities offered by casinos and junket promoters. Should these prove to be strict as well, some high-rollers may not be able to arrange credit with either the casino or junket promoters to gamble with.

If that happens, it may then be time to review revenue projections.

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boyikao3
Master

06-Jan-2010 17:49

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Wah so big ! U think we blind or what? Smiley

tthsteve ( Date: 06-Jan-2010 16:56) Posted:

TARGET PRICE $1.50 !!!!!

DJ MARKET TALK: Genting's Head Start For RWS To Help Margins-CLSA
1/6/2010 3:31:00 PM

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