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Genting Sing
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GenSp starts to move up again
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iPunter
Supreme |
31-Jul-2009 11:02
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Yup... Probabilty is very high for this one to 'Cheong Aaaarrrhhhh!!!' as the opening approaches... 
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AK_Francis
Supreme |
31-Jul-2009 10:58
Yells: "Happy go lucky, cheers." |
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Tks brother, for d details. BTW, any idea whether, d main Casino Hall been constructed n when it would be ready for Dry Run? Quite perturb as d licencing issue still not made clear leh. Ha, Sands announces it still got 2500 Casino's related jobs vacant, but G SP seems like, ai yah, dun bother. Listen to sifu advice, still keeping current holding, though got Carlsberg $ on paper. |
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el7888
Veteran |
31-Jul-2009 10:51
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Here is the construction time line for Genting SP. I think the launch date (before Chinese New Year) will trigger the price to go up very high. I am accumulate this stock and keep it for a few months. 
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foucs6900
Senior |
31-Jul-2009 10:15
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vol is high, but the price gap been bing dong up n dwn ????? | ||||
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dealer0168
Elite |
29-Jul-2009 11:52
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Yesterday clear some, today add some more...... | ||||
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samson
Veteran |
29-Jul-2009 10:46
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DBS call buy http://www.remisiers.org/research//gens280709%20buy%20DBSV.pdf BUY S$0.835 STI : 2,576.66(Reinstating coverage) Price Target : 12-Month S$0.98 Reason for Report : Corporate update Potential Catalyst: Casino license award, first mover advantage, recovery in UK casinos Analyst Singapore Research Team +65 6533 9688
New Starlet in Town • • •
Studios’ global brand • Proxy to Singapore casino market.
has the largest exposure to Singapore’s US$3b gaming market (
Sentosa
gaming market, rising regional tourism and leverage on
Singapore’s transformation into a global city. Synergistic partnership: Genting+Universal Studios.
gaming revenue to come mainly from the more resilient and
higher-margin grind segment (60:40 grind-VIP distribution,
almost similar to Genting’ 70:30). Universal Studios should
help draw in the mass-market to RWS - differentiating it from
Marina Bay Sands’ MICE/business visitors focus as well as help
diversify revenue base (non-gaming: 25-30% of revenue). Potential first mover advantage.
expected, possibly in Dec 09/ Jan 10 to coincide with the
Chinese New Year peak season. It could overtake Marina Bay
Sands (launch postponed to 1Q10 from end-09) - an
advantage in locking in local market share (S$2,000 annual
pass in lieu of S$100/entry to be paid by Singaporean residents
is exclusive to one casino). RWS’ construction is on-track: 71%
of project cost has been awarded to date with testing/
commissioning of ride equipments scheduled for Nov 09. Potential catalysts:
fulfilled requirement of >50% commitment spending and GFA
construction), b) announcement of exact soft opening date, c)
encouraging response for hotel bookings, and d) recovery in
UK casino operations. Sum-of-parts of S$0.98,
on DCF assuming 7.8% WACC, 1.5% long-term growth). We
expect RWS to be profitable in the first year of operation and
earnings to grow at a 5-year CAGR of 37% (assuming no. of
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foucs6900
Senior |
28-Jul-2009 21:32
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KUALA LUMPUR, July 28 — Malaysian conglomerate Genting Bhd could be placing a risky bet as it aims to take on US casino giants Las Vegas Sands and Wynn Resorts to diversify from its monopoly home turf.
Genting, Asia’s largest casino operator, is looking to expand at a time highly-leveraged US rivals are barely meeting debt obligations and may turn to asset sales to stay afloat. Genting’s 3.2 per cent stake purchase in MGM Mirage, the biggest operator on the Las Vegas Strip, in June has triggered market talk Genting could buy out MGM’s stake in its Macau’s business. With more than US$2 billion (RM7 billion) in cash and one of the strongest balance sheets in the sector, Genting might also be best placed to swoop on any casinos up for grabs in the United States. But stiff competition in its new markets, still-struggling overseas businesses and a fragile global economy could derail the group’s ambitious plans. “Growth is limited in Malaysia and Singapore and they have money to spend. Now’s probably the best time to actually buy something,” said UBS analyst Alain Lai. “Certainly, the returns aren’t going to be as attractive as in Malaysia because Malaysia is a monopoly,” he said.  The Genting Group earns more than 70 per cent of its profits from local operations, but it has put for sale its non-core businesses of palm oil plantations, property and power generation, which together account for about 30 per cent of revenue. Genting Bhd is the holding company for Genting Group.
Genting’s international business, in particular Stanley Leisure, the UK’s biggest casino operator, have been hit by the economic downturn and stricter rules on smoking and gaming machines. Genting’s head of strategic investments, Justin Leong told investors in London this month the company wants to be one of the top three gaming players in the world and will be patient in executing its expansion strategy. The group, which operates Malaysia’s only casino, also owns Star Cruises, Asia’s largest cruise operator. Genting was founded in 1965 by Lim Goh Tong who risked bankruptcy over seven years to build the group’s gaming resort in Malaysia. Genting’s stock has surged 85 per cent so far this year, driven by the resilient gaming market, helping it outperform a 35 per cent rise in Malaysia’s broader market. MACAU OR LAS VEGAS? Genting has been keen to grab a foothold in Macau, the Chinese gambling enclave, where gaming tycoon Stanley Ho’s SJM Holdings and Las Vegas Sands hold a market share of 31 per cent and 25 per cent, respectively. Other casino operators in Macau’s US$15 billion sector include Hong Kong’s Galaxy Entertainment Group, Melco Crown, partly owned by Australia’s Crown Ltd, Wynn Resorts and MGM. Some analysts said Genting might be keen to buy MGM’s stake in its Macau business if it is up for sale, but others say it may use the investment in MGM as an expansion platform, mirroring a similar move in the UK. Genting’s investment in MGM raised speculation the Malaysian group may buyout MGM’s 50 per cent stake in a joint venture with Ho’s daughter. The gambling hubs of Macau and Las Vegas are clawing out of a deep slump but a glut of new casinos might put more pressure on the industry. “There is clearly an opportunity for strong firms to poise themselves to capture the momentum of the next economic upturn,” said Jonathan Galaviz, a partner at Las Vegas-based consultancy Globalysis, referring to Genting’s expansion plan. Genting Singapore is building Singapore’s second integrated resort, which starts operations early next year, and analysts expect this to one of the key drivers for earnings growth. On a 2009 enterprise value to EBITDA ratio (EV/EBITDA), Genting trades around 8.6 times, lower than 14.0 times for Wynn, 19.7 times for Las Vegas Sands and 11.3 times for MGM, according to Bank of America-Merrill Lynch. “We see the potential of the group raising up to US$3.9 billion in financing ... if one assumes a 60:40 debt equity ratio, Genting can target up global gaming assets of almost US$7 billion,” said Melvyn Boey, analyst at Bank of America-Merrill Lynch. Regulatory concerns however remain a risk, analysts said. In 2007, Genting and Star Cruises called off a proposed casino venture with Ho in Macau after pressure from Singapore’s regulators. — Reuters |
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foucs6900
Senior |
28-Jul-2009 16:19
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Hehe, be a Sleeping Beauty........zzzzzzzzzzzz | ||||
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ljkeong
Senior |
28-Jul-2009 16:16
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Do not bother to much about corection. Corection is healthy. Unless it's downturn trend. If you continue to invest long term ( 3~5 yrs) i believe your 50K will turn into 500K. Just leave your money there. Go to sleep and wake up 3~5 yrs later and take a look at your Genting potfolio. | ||||
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buysell
Member |
28-Jul-2009 16:14
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Take partial or full profit ?do you all keep for long term like few years? Although i also buy other counters for short term holding . anyway, this rally seems substainable that's why i am a bit confused & i do have the holding power if i choose to keep this position. |
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foucs6900
Senior |
28-Jul-2009 16:07
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Yes yes, tke profit 1st.........cash is king, wait for another correction and use partial profit buy in again, roll ur profit.......n keep ur hard earn $$$$$ | ||||
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iPunter
Supreme |
28-Jul-2009 16:02
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Take your money and have a nice meal at Tung Lok or Ah Yat...
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wongmx6
Veteran |
28-Jul-2009 15:53
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50K sound very well. But what is your capital? It's important. Genting haven't made money. Prospect is still unclear. Hard to say, some of my work-mates although never trade in stock but thay are talking about buying Genting.
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dealer0168
Elite |
28-Jul-2009 15:13
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Actually quite agreed with limkt009. Btw now Dow future is ~ -15 now
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limkt009
Veteran |
28-Jul-2009 15:09
Yells: "Watch your front, grab $$$$$ at your own time" |
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The #1 rule is to protect your profit. Take profit or sell some and keep some....your choice.
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ljkeong
Senior |
28-Jul-2009 14:56
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Heading to $0.90 very soon. |
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buysell
Member |
28-Jul-2009 14:53
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what's your advice if i made 50K from this counter, should i keep or take profit? i mean this counter's movemen t can be volatile when it do a correction. | ||||
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limkt009
Veteran |
28-Jul-2009 14:37
Yells: "Watch your front, grab $$$$$ at your own time" |
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DJ Genting Singapore Restarted At Buy, S$0.98 Target By DBSV | ||||
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dealer0168
Elite |
28-Jul-2009 13:24
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Emm, but guess may have a slight correction b4 up even higher. Up fr too long. (my opinion) |
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AK_Francis
Supreme |
28-Jul-2009 12:32
Yells: "Happy go lucky, cheers." |
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Ha ah, a bit overjoyed, but knee jerking now as guessing wat Mr Lim next step liao?? Still in Jul, no cause of alarm, as some sifus said Aug is d mth???? Lunch time liao. |
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