Tags: Genting Singapore

WRITTEN BY THOMSON REUTERS

MONDAY, 25 OCTOBER 2010 12:00

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Shares of casino operator Genting Singapore <GENS.SI> rose as much as 2.7% in morning trade on Monday as investors were bullish about its third quarter earnings next month. At 0341 GMT, Genting Singapore shares were trading at $2.26 on a volume of 73.5 million shares.   “Trading of Genting shares is still quite active on expectations of its third quarter results next month,” said a local trader.   “Its second quarter results were very good so investors expect third quarter results to also be good because tourism has been positive and there are a lot of visitors to the casinos,” he added.   The casino operator is expected to announce its third quarter results in early November.

Monday: 25 10 2010

the  sIgnal

the news is bullish itself, that's why the price increase for the first minutes of trading. so of course, i buy and i sell fast. u have to sell fast once u made profit in this type of merger and acquisition news, because the public are concern with those government policies in Australia, and the risk of shares dilution for SGX. SGX may need rights issue etc to raise the funds, which may cause dilution in holdings. Prices will go down... so u must CEPAK LARI (run fast)

At this  prIce is  BAD  fOr  sharehOlders

persOnal cOnflIct-Of-Interest [PCOI]  between  management and sharehOlders

BullishTempo      ( Date: 25-Oct-2010 11:50) Posted: SGX agrees $10.7b buy of ASX: Update Tags: ASX | Chi-X Australia Pty | SGX WRITTEN BY THOMSON REUTERS    MONDAY, 25 OCTOBER 2010 10:16 Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore Exchange (SGX) (SGXL.SI) unveiled an agreed A$8.4 billion ($10.7 billion)  takeover offer for Sydney-based ASX (ASX.AX) on Monday to create the fifth-largest listed exchange in the world. The merger of SGX and the ASX, Asia’s second and third largest listed bourses respectively, aims to ward off the threat of alternative trading systems, line up new avenues for growth and cut costs.   The deal marks the first major consolidation of Asia-Pacific exchanges and will result in US$30 million ($38.9 million) in cost savings.   “The offer is not near ASX’s all-time high, but it is certainly great,” said Mark Daniels, head of Australian equities at Aberdeen Asset Management, which owns ASX shares.   SGX offered a combination of A$22.00 in cash plus 3.473 of its own shares for each ASX share. It said in a joint statement with the ASX on Monday that the offer valued ASX shares at A$48.00 each, a 37 percent premium to ASX’s last trade.    Shares in ASX spiked 25% to A$43.50 after it resumed trade, still well short of a record high of A$61 in early 2008.   SGX shares fell as much as 6.7% but quickly pared losses to trade down 1.8% at $9.40.   “This will be a highly competitive exchange group in an increasingly globalised world” SGX Chairman J. Y. Pillay said in a statement.   COMPETITION REGULATORS UNFAZED The deal will need approval from Australia’s Foreign Investment Review Board, which could be nervous about the deal as SGX is 23% owned by the Financial Sector Development Fund,which is controlled by Singapore’s central bank.   However Australia’s competition watchdog effectively gave the SGX a green light to pursue the takeover earlier Monday, saying it did not see any major concerns.   “I think it’s a matter between the Singapore Exchange and the Australian Exchange, and I can’t see that raising competition issues for us,” Australian Competition and Consumer Commission chief Graeme Samuel told Australian radio.   “We’re much more focused on the potential for new competitors to enter into the Australian market in terms of stock exchange dealings.”   The ASX is due to lose its effective domestic monopoly next year, with a new entrant, Europe’s Chi-X Australia Pty, expected to begin operation in 2011.   “The market will view a SGX-ASX combination as a defensive one, both being exchanges that have relatively mature organic domestic growth opportunities and facing the prospect of losing effective monopoly status with rising pricing pressures as alternative exchanges and trading venues erode share over time”, Citigroup analyst Robert Kongsaid in a note to clients.   A combined SGX-ASX would still rank behind Hong Kong Exchanges and Clearing Ltd (HKEx) (0388.HK), the world’s top exchange operator by market value.   SGX Chief Executive Magnus Bocker is set to become chief executive of the combined group, while SGX’s chairman-elect Chew Choon Seng is slated to become the non-executive chairman of the merged group.

for them to take on high volume position ie.100lots not in cash trades, time in market is impt becos obviously the longer u stay in, the higher the risk exposure to news and mkt reaction so their perspective is very short term. Everyday's entry is a calculated move & risk mgt with preset target and cut loss price in the trading platform, like he has said many times before - if one has no stop loss feature in ur trading platform, its highly probable the trade will end up in the red becoz inexperienced investors usu keeps on lowering their 'mental' stop loss to avoid realising losses. Having a trade plan written out is helpful and keep it by your screen. i'm learning to do that.

For full timers 1 single trade per day is already profitable especially if they are highly consistent in performance, people like them are specialists placed in the top 20% league of full time traders. if 9 out of 10 trades are in the black granted the 1 red trade is a managed loss, they ie. bt would hav outperformed many others in the same profession. All in they r strong willed, hav a great mind & v flexible to changing momentum with their portfolio/ stocks.

wow BT, credits due. you've got great guts & gr8 reflex action. i find usu by the time we'd read your thread posting on entry u wld hav exited position on target price granted sgx is that fast moving today.

one needs to bear in mind that blogging/ forum posting is done during the individual's downtime or in btw waiting for positions to close. anyone else following suit based on their trading decisions post reading is already lagging and acting on missed opportunity involves higher risk. 

Good sign if close 8.9-9.1 today   indicate a shooting star :) :)

Ha ha, SGX n GSP, make u millionaire liao. Congrates n cheers.

AK goes for Carlsberg for lunch n relak loh. May loiter a bit longer at kopitiam till evening yaeh.

The old adage ~

Buy on Rumours

Sell on Facts.

& the Facts weren't pretty. Good strategic fit, but SGX overvalued ASX. As always with any GIC companies.  

BullishTempo      ( Date: 25-Oct-2010 12:01) Posted: Orderbook suggests stock unlikely to slip below $9.00.  OCBC has put a SELL rating on SGX, so we better respect that news. Fair value at $8.60 Today's lesson? Buy fast and sell fast. Those who bought at $9 today, can easily sell it at $9.40, or if you are a little bit slow, sell at $9.30. If you are slow in buying, don't chase the high! Once the high is reached after a parabolic curve upwards (40 cents bull run in less than 10 minutes is a parabolic curve) prepare to sell when the curve turns downwards. Ok will share more next time. Cheers.