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Latest Forum Topics / Genting Sing    Last:0.77 --  Post Reply
GenSp starts to move up again
Leinadgnow
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13-Nov-2010 03:28     
 
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good luck then sir.. i really hope your stomach can stomach the ride ... cause it's gonna be one hell of a rollercoaster ride for you this week.. i also hope that you have cash to cover and hold it for long... and it's not on contra cause if the market doesn't pick up by wednesday or thursday next week.. it's gonna be damn painful .. and i'm not being sarcastic.. i really wish you well.. because i understand the pain of losing that much ... i once lost 38% of my entire portfolio trying to fight the market trend .. and in the end.. the market never lies.. it never wavers.. never cares about you.. and you cannot get angry at the market.. you cannot say it's its fault.. and suddenly you feel so stupid..

 

So all the best sir.. and i really hope that it opens up for you (:

But for the rest of us.. sit tight and hang back.. go read more of this guy's blog ... www.diaryofasingaporetrader.blogspot.com .... and see what the tp and market price and indicators if you really believe in techies and fundamental more than luck .. hope and bid/ask volume of time sales.
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CheongCK
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12-Nov-2010 22:57     
 
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Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform, according to Dow Jones.

Credit Suisse says company’s 3Q10 on-quarter drop in revenue, earnings following record 2Q10 (boosted by favourable luck) was no surprise, with Sentosa revenue down 15% on-quarter, EBITDA down to $347 million vs 2Q’s $503 million.

Lowers FY10 net profit by 52% to reflect translation loss of $339 million on U.K. disposal but raises FY11-FY12 net profit by 32%-37% “as we believe strong tourist arrivals, a robust economy, active property market and rising stock market will likely translate into stronger casino revenues.”

Adds, company provides high beta, liquid exposure to Singapore tourism, potential catalysts include seasonally strong results for next two quarters, potential licensing of junkets in 2011. Says alternatively, parent Genting (3182.KU) provides cheaper exposure to Genting Singapore.

Shares off 7.0% at $2.12.



CheongCK      ( Date: 12-Nov-2010 22:53) Posted:

Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15.

Ppl see $187mil did not see Net Income $312 within expectation.

Monday Ppl wake up and

Gap UP

Eat full full today, waiting for good return.



Sept11      ( Date: 12-Nov-2010 16:50) Posted:



Latest:

Genting Singapore’s target price raised to $2.65 by Credit Suisse

12 November 2010

Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform.
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CheongCK
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12-Nov-2010 22:53     
 
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Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15.

Ppl see $187mil did not see Net Income $312 within expectation.

Monday Ppl wake up and

Gap UP

Eat full full today, waiting for good return.



Sept11      ( Date: 12-Nov-2010 16:50) Posted:



Latest:

Genting Singapore’s target price raised to $2.65 by Credit Suisse

12 November 2010

Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform.
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butter
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12-Nov-2010 22:30     
 
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 Alert Admin 		its gonna get lower before it increases.. 
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Bon3260
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12-Nov-2010 22:29     
 
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I can c alot of pple loss their monies in Genting Sp today.

Alot of pple posted today in SgCarMart & sell their cars away. Especially those BMWs.

: (

http://www.sgcarmart.com/used_cars/listing.php?RPG=100&VEH=8 
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Raindrops
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12-Nov-2010 22:24     
 
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 Alert Admin 		Thanks thanks!!~ Anyway i already invested in MIT and GLP lo! been accumulating abit since IPO. Haven sell! Anyway this 1 weeks GLP dropped quite abit and MIT is stagnant! Hope they soar after correction!~ :)
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Bon3260
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12-Nov-2010 22:11     
 
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Raindrops,

Base on Gentng Sp's chart. Today was juz a 1st day dwn trend signal. Whether wat px level dan can go in. U can ask Bintang in tis SJ.

Today Genting Sp's vol. was 403,291. Whether 大鱼s hv run rd fm there or not I oso v hard 2 c cos vol. too huge liao.

Since Genting Sp's hving 1st day dwn trend. Y dun u start slowly slowly buy in GLP / MIT?

('',)

 



Raindrops      ( Date: 12-Nov-2010 21:56) Posted:

So any good price to go in?
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Raindrops
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12-Nov-2010 21:56     
 
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 Alert Admin 		So any good price to go in?
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Bon3260
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12-Nov-2010 20:26     
 
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Smtimes, 大鱼has given signals.

Juz dat, u muz stick @ e PC's monitor closely...

 

10-Nov-2010 (Wed) close 2.28

12-Nov-2010 (Fri) close 2.13

Diff by -0.150



Bon3260      ( Date: 12-Nov-2010 09:07) Posted:

There was a signal on 10-Nov-2010 (Wed) actually...

 

: (



Bon3260      ( Date: 10-Nov-2010 14:28) Posted:

Wat I c Genting Sp now's 大鱼在放票...

 

: (
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teeth53
Supreme
12-Nov-2010 19:45     
 
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Just for illustration and elebrobrating oni..Shortist at work, by vested BBs themself

12-Nov-2010 by this morning 09:49 (they did it this morning)

Force Gapping players to buy up by starting at lower px 

on opening...Force gap changed hands at much lower px to force players buying up..

2.100 31 25,041,000 190,000 0 24,851,000
Cover back..Forcing players to cover back..buying up..
2.110 136 13,090,000 4,403,000 0 8,687,000
2.120 307 23,567,000 6,750,000 0 16,817,000
2.130 191 7,597,000 567,000 0 7,030,000
2.140 354 22,358,000 5,540,000 0 16,818,000
2.150 300 28,759,000 11,528,000 0 17,231,000
2.160 324 13,113,000 2,198,000 0 10,915,000
2.170 171 6,669,000 881,000 0 5,788,000



teeth53      ( Date: 12-Nov-2010 09:21) Posted:

Dun say i neber tell or info...hohh.....:(. Shortist at work

Genting SP   2.100 2.150 -0.130 -5.7 vol-120,890,000 4,511,000 2.140 2.150 12,765,000 2.150 2.070



teeth53      ( Date: 12-Nov-2010 08:42) Posted:

Result not as good or better then 2Q, getting ready - shortist at work.
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teeth53
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12-Nov-2010 19:36     
 
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2moro (Sat). They oredi did it today. 2more days Monday - Gap down again.

Genting SP    2.100 2.130 -0.150 -6.6% Vol-403,291,000 2,403,000 2.130 2.140 2,396,000 2.170 2.070



teeth53      ( Date: 12-Nov-2010 10:50) Posted:

Like that..huh, can creat an opportunities for BBs even to gap down again 2moro, (buy and dump)

epliew      ( Date: 12-Nov-2010 10:26) Posted:

give u an example

buy up at 1,382 lots @ 2.15.....  more up to come.....

10:16:53 2.150 1,382 S

mainly auntie and uncles cannot take the less earning report positively...... it is still a profit report. 2 billions dollars in 9 months.... clearly a good result.

 
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genting^2
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12-Nov-2010 17:47     
 
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Who is shorting? wtf, continuous spiral down most likely next monday. RUN.

 

17:05:03 2.130 1,706,000 Sold To Buyer
17:05:03 2.130 969,000 Sold To Buyer
16:59:59 2.130 160,000 Sold To Buyer
16:59:58 2.130 9,000 Sold To Buyer
16:59:57 2.130 10,000 Sold To Buyer
16:59:56 2.130 8,000 Sold To Buyer
16:59:55 2.140 5,000 Bought From Seller
16:59:54 2.132 20,000 X
16:59:53 2.130 8,000 Sold To Buyer
16:59:53 2.130 10,000 Sold To Buyer
16:59:52 2.130 50,000 Sold To Buyer
16:59:51 2.140 5,000 Bought From Seller
16:59:50 2.130 1,000 Sold To Buyer
16:59:50 2.140 17,000 Bought From Seller
16:59:48 2.131 35,000 X
16:59:48 2.140 3,000 Bought From Seller
16:59:47 2.140 12,000 Bought From Seller
16:59:44 2.140 10,000 Bought From Seller
16:59:43 2.140 5,000 Bought From Seller
16:59:41 2.140 11,000 Bought From Seller
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pharoah88
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12-Nov-2010 17:43     
 
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Friday:  12 11 2010  CLOSING  [3Q]

WHITE  CANDLE   CHART  FIXING  DAY
RECORD  VOLUME

MONEY FLOW  STRONG  UPTREND

 
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pharoah88
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12-Nov-2010 17:34     
 
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Friday:  12 11 2010  CLOSING

Stock Code i Rmk Ccy Last $Chng %Chng Vol Buy Vol Buy Sell Sell Vol Open Previous Day Hi Day Lo Ind
Genting SP G13 i -- SGD 2.130
-0.150 -6.6 403,291,000 2,403,000 2.130 2.140 2,396,000 2.100 2.280 2.170 2.070   M    
TopGlobal 519 i -- SGD 0.015
0.000 0.0 271,232,000 33,365,000 0.015 0.020 378,435,000 0.015 0.015 0.020 0.015 C,M    
e Genting HK US$ S21 i -- USD 0.485
-0.025 -4.9 91,173,000 2,940,000 0.480 0.485 314,000 0.490 0.510 0.505 0.480   M    
GoldenAgr E5H i -- SGD 0.730
-0.030 -3.9 79,993,000 4,027,000 0.730 0.735 3,486,000 0.760 0.760 0.770 0.730   M    
Kreuz 5RK i -- SGD 0.450
-0.050 -10.0 79,866,000 662,000 0.450 0.455 340,000 0.505 0.500 0.515 0.450   M    
STXOSV MS7 i -- SGD 0.810
0.000 0.0 58,695,000 428,000 0.805 0.810 78,000 0.850 0.000 0.880 0.800 C      
Nordic MR7 i -- SGD 0.215
-0.010 -4.4 46,017,000 1,149,000 0.215 0.220 1,955,000 0.225 0.225 0.230 0.210 C,M    
Noble Grp N21 i -- SGD 2.140
-0.060 -2.7 35,108,000 99,000 2.130 2.140 635,000 2.180 2.200 2.190 2.120   M    
SingTel Z74 i -- SGD 3.270
-0.040 -1.2 33,232,000 995,000 3.270 3.280 305,000 3.310 3.310 3.330 3.270 C,M 
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pharoah88
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12-Nov-2010 17:33     
 
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Friday:  12 11 2010  CLOSING

 

Price Trades Volume Sold to Buyer Mid Bought from Seller
2.073 2 68,000 0 68,000 0
2.074 1 110,000 0 110,000 0
2.080 7 1,227,000 1,227,000 0 0
2.081 1 110,000 0 110,000 0
2.082 2 76,000 0 76,000 0
2.083 3 722,000 0 722,000 0
2.085 1 205,000 0 205,000 0
2.086 1 26,000 0 26,000 0
2.087 3 671,000 0 671,000 0
2.088 4 624,000 0 624,000 0
2.089 2 138,000 0 138,000 0
2.090 120 13,180,000 10,144,000 0 3,036,000
2.091 5 410,000 0 410,000 0
2.092 1 25,000 0 25,000 0
2.093 1 37,000 0 37,000 0
2.095 1 56,000 0 56,000 0
2.096 1 17,000 0 17,000 0
2.098 3 323,000 0 323,000 0
2.099 4 833,000 0 833,000 0


 
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pharoah88
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12-Nov-2010 17:31     
 
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Friday:  12 11 2010  CLOSING

3Q  EBITDA  dOwn 30%

Genting SP (G13) 
Day Hi 2.170 Last 2.130 Vol 403,291,000
Day Lo 2.070 $Chng -0.150


28,790,000  marIage  deals

2.100 33 25,386,000 190,000 345,000 24,851,000
2.101 2 1,165,000 0 1,165,000 0
2.102 1 8,000 0 8,000 0
2.103 4 152,000 0 152,000 0
2.104 4 137,000 0 137,000 0
2.105 2 31,000 0 31,000 0
2.106 2 204,000 0 204,000 0
2.107 3 116,000 0 116,000 0
2.108 3 100,000 0 100,000 0
2.109 12 1,031,000 0 1,031,000 0
2.110 809 29,437,000 20,750,000 0 8,687,000
2.111 9 680,000 0 680,000 0
2.112 5 158,000 0 158,000 0
2.113 5 168,000 0 168,000 0
2.114 9 334,000 0 334,000 0
2.115 7 187,000 0 187,000 0
2.116 12 283,000 0 283,000 0
2.117 7 186,000 0 186,000 0
2.118 12 351,000 0 351,000 0
2.119 11 680,000 0 680,000 0
2.120 1,785 73,310,000 37,976,000 0 35,334,000
2.121 10 895,000 0 895,000 0
2.122 15 539,000 0 539,000 0
2.123 7 643,000 0 643,000 0
2.124 5 289,000 0 289,000 0
2.125 10 692,000 0 692,000 0
2.126 5 131,000 0 131,000 0
2.127 9 114,000 0 114,000 0
2.128 9 343,000 0 343,000 0
2.129 10 531,000 0 531,000 0
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enghou
Senior
12-Nov-2010 17:26     
 
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Genting Singapore’s 3Q10 net profit (ex-exceptional) of
S$216m (-46% q-o-q) on the back of S$348m adjusted
EBITDA (-32% q-o-q) is within our and consensus expectations.
Resorts World Sentosa remained the market leader with 53%
share of revenue & 52% of EBITDA while daily visitors remained
stable at 3m in 3Q10 despite the ramp up of Marina Bay Sands.
Our analyst raises 2010-12F EBITDA by 8-16% to factor in
faster ramp up and higher margins. TP lifted to $2.70 from
$2.36. Technically, Genting shares have risen ahead of results
and its recent high of $2.35 represents the potential top of a
wave-3 bull market trend that started way back in October
2008. In the weeks/month ahead, look for the stock to
consolidate (wave 4) its gains since April this year. The 23.6%
downward retracement is at $2 and the 38.2% retracement at
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pharoah88
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12-Nov-2010 17:23     
 
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Friday:  12 11 2010  CLOSING

3Q  EBITDA  dOwn 30%

Genting SP (G13) 
Day Hi 2.170 Last 2.130 Vol 403,291,000
Day Lo 2.070 $Chng -0.150


2.130 1,510 47,564,000 18,415,000 0 29,149,000
2.131 10 866,000 0 866,000 0
2.132 6 107,000 0 107,000 0
2.133 7 186,000 0 186,000 0
2.134 4 33,000 0 33,000 0
2.135 5 33,000 0 33,000 0
2.136 8 899,000 0 899,000 0
2.137 9 229,000 0 229,000 0
2.138 12 184,000 0 184,000 0
2.139 15 1,435,000 0 1,435,000 0
2.140 1,337 54,410,000 27,584,000 38,000 26,788,000
2.141 6 245,000 0 245,000 0
2.142 8 598,000 0 598,000 0
2.143 7 94,000 0 94,000 0
2.144 3 71,000 0 71,000 0
2.145 9 721,000 0 721,000 0
2.146 4 121,000 0 121,000 0
2.147 5 193,000 0 193,000 0
2.148 9 227,000 0 227,000 0
2.149 6 542,000 0 542,000 0
2.150 1,303 72,853,000 39,195,000 325,000 33,333,000
2.151 8 452,000 0 452,000 0
2.152 14 674,000 0 674,000 0
2.153 5 512,000 0 512,000 0
2.154 7 231,000 0 231,000 0
2.155 9 112,000 0 112,000 0
2.156 8 104,000 0 104,000 0
2.157 10 470,000 0 470,000 0
2.158 12 482,000 0 482,000 0
2.159 16 1,049,000 0 1,049,000 0
2.160 976 48,137,000 6,395,000 0 41,742,000
2.161 3 773,000 0 773,000 0
2.162 5 808,000 0 808,000 0
2.163 1 7,000 0 7,000 0
2.164 3 40,000 0 40,000 0
2.165 9 391,000 0 391,000 0
2.166 6 200,000 0 200,000 0
2.167 7 99,000 0 99,000 0
2.168 8 95,000 0 95,000 0
2.169 9 200,000 0 200,000 0
2.170 205 9,605,000 881,000 0 8,724,000
TOTAL 8,584 403,191,000 162,757,000 28,790,000 211,644,000
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pharoah88
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12-Nov-2010 17:18     
 
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Friday:  12 11 2010  CLOSING

MARKET  CORRECTION  &  FRIDAY  FEVER

3Q  7% GST  dIscOUnt

Time Price Trade Size Bid-Ask
17:05:03 2.130 1,706,000 Sold To Buyer
17:05:03 2.130 1,706,000 Sold To Buyer
17:05:03 2.130 969,000 Sold To Buyer
16:59:59 2.130 160,000 Sold To Buyer
16:59:58 2.130 9,000 Sold To Buyer
16:59:57 2.130 10,000 Sold To Buyer
16:59:56 2.130 8,000 Sold To Buyer
16:59:55 2.140 5,000 Bought From Seller
16:59:54 2.132 20,000 X
16:59:53 2.130 8,000 Sold To Buyer
16:59:53 2.130 10,000 Sold To Buyer
16:59:52 2.130 50,000 Sold To Buyer
16:59:51 2.140 5,000 Bought From Seller
16:59:50 2.130 1,000 Sold To Buyer
16:59:50 2.140 17,000 Bought From Seller
16:59:48 2.131 35,000 X
16:59:48 2.140 3,000 Bought From Seller
16:59:47 2.140 12,000 Bought From Seller
16:59:44 2.140 10,000 Bought From Seller
16:59:43 2.140 5,000 Bought From Seller
16:59:41 2.140 11,000 Bought From Seller


42:21 2.130 1,000,000 Sold To Buyer


16:35:58 2.130 2,394,000 Bought From Seller


15:56:06 2.120 1,018,000 Sold To Buyer
15:56:04 2.120 1,000 Sold To Buyer
15:56:03 2.120 2,152,000 Sold To Buyer


15:32:46 2.130 2,000,000 Bought From Seller


15:03:42 2.120 1,532,000 Bought From Seller


15:03:28 2.120 2,000,000 Sold To Buyer


14:58:43 2.120 1,000,000 Sold To Buyer


14:57:52 2.120 3,405,000 Bought From Seller


14:40:59 2.110 1,695,000 Sold To Buyer


14:19:13 2.110 1,400,000 Sold To Buyer


14:14:35 2.120 3,219,000 Sold To Buyer
14:14:35 2.120 4,820,000 Sold To Buyer


strOng  bUy  Up

bOth  Openings  [mOrnIng  &  afternOOn]
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pharoah88
Supreme
12-Nov-2010 17:04     
 
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enghou      ( Date: 12-Nov-2010 16:58) Posted:

Genting Singapore – Singapore
HOLD
(Maintained)

Results
• Genting Singapore’s (GENS) 3Q10 EBITDA and net profit fell to
S$347.6m (-31.2% qoq) and S$187.8m (-52.6% qoq), at the lower end of
consensus expectations, but in line with our expectation. The estimated
3Q10 gaming EBITDA fell about 30% qoq to S$320m-330m. Resorts
World Sentosa’s revenue fell 15% qoq reflecting principally an estimated
21% qoq fall in VIP revenues and 5% fall in mass market revenues. The
VIP-mass market gross gaming revenue (GGR) mix was about 55%:45%.
• Ebitda margins disappointingly declined 11.2ppt qoq to 46.7%, which
management attributed to a normalised win rate of around 2.85%
(estimate for 2Q10: >3.5%), and cost ramp up of non-gaming operations.
We reckon also (taking the cue from Marina Bay Sands’ results) that
marketing expenses and commission rate related to the VIP segment
rose as well.
• Positively, we reckon that the rolling chip volume eased only slightly
qoq, and dependency on locals have waned, with firm patronage from
China patrons (10-20% of mass market GGR, >20% of VIP GGR).
Key Financials
Year to 31 Dec (S$m) 2008 2009 2010F 2011F 2012F
Net turnover 630.7 491.2 2,967.4 3,509.9 3,810.8
EBITDA 27.1 (52.1) 1,357.8 1,574.7 1,683.9
Operating profit (15.8) (89.9) 1,049.7 1,228.0 1,335.0
Net profit (rep./act.) (124.8) (277.6) 273.0 885.7 991.3
Net profit (adj.) (57.2) (167.0) 723.3 885.7 991.3
EPS (S$ cent) (0.5) (1.4) 6.0 7.3 8.2
P/E (x) (483.1) (165.6) 38.2 31.2 27.9
P/BV (x) 10.1 6.7 6.3 5.2 4.4
EV/EBITDA (x) 1,078.3 (560.9) 21.5 18.6 17.4
Dividend yield (%) 0.0 0.0 0.0 0.0 0.0
Net margin (%) (19.8) (56.5) 9.2 25.2 26.0
Net debt/(cash) to equity (%) 11.0 23.8 33.0 16.9 0.1
Interest cover (x) 0.4 (0.9) 8.0 9.8 12.1
ROE (%) (4.1) (8.1) 6.4 18.3 17.1
Consensus net profit - - 708.4 1,070.8 1,215.7
UOBKH/Consensus (x) - - 1.02 0.83 0.82
Source: Genting Singapore PLC , Bloomberg, UOB Kay Hian
Regional Morning Notes
Friday, November 12, 2010

• Improved 4Q10 trends foreseen. Daily GGR could sustain at S$10m
(+10% qoq) in the seasonally stronger 4Q10, reflecting better rolling chip
volume and drop, due to seasonality (e.g. long school holidays in
Malaysia and Singapore; also note that 3Q10 patronage was also slightly
affected by ‘ghost month’ in August). We also understand that the luck
factor from mid-October has improved, from a poor start.
• However, market leadership could slip from 3Q10’s 53% share, with
RWS’ daily GGR in October trailing MBS’ daily GGR of S$10.9m through
the first half of October.
• Too much hope on junket? GENS hopes for Singapore to award its first
junket operator license by early-11, and that the junket business would be
significant (although management is unwilling to speculate on the size).
However, our forecasts have not factored in big bottom line contributions
from this segment as: a) the issuance of junket licence may be delayed
until after Singapore’s general election, b) participation from junket
operators may be limited (considering Singapore’s onerous disclosure
requirements), c) casinos are already directly dealing with many junkets’
patrons, and d) margins from this segment is a lot thinner due to high
commission rates (potentially up to 1.6% vs industry average of 1.3%).
Earnings Revision/Risk
• No change to our 2010-12 earnings forecasts, which impute a 2011F
GGR of S$6.0b-6.5b and 50% share for RWS. While there could be some
upside to our GGR forecast, there could be downside at the casino
operation’s EBITDA margin (3Q10’s estimated 51% is below our 2011
forecast of 54%). For 2011, we expect RWS’ casino operation to sustain
an average quarterly EBITDA of S$350m in 2011.
Valuation/Recommendation
• Maintain HOLD with fair price of S$1.85 or 15x FY11 EV/EBITDA in
acknowledgement that a bull market scenario can sustain a high
EV/EBITDA multiple to GENS. GENS also trades at a rich 13x 2011
EV/EBITDA even assuming the top end of consensus EBITDA (S$2.2b).
While the shares are trading above our fundamental valuation, we retain
our HOLD call for its good long-term prospects. Entry price: S$1.85.
Share Price Catalyst
• Sharp recovery of earnings.
• Legalisation of junket operators.
• Japan legalising casino, although the timeline can still be remote.
• On the negative side, any evidence of slowing gaming revenue


momentum could cause a significant pullback.

Source: UOB Kayhian Research

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