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Genting Sing
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Genting moving up fast.
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ljkeong
Senior |
29-May-2009 19:16
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Wonder why at 17:05 hrs 33665 lots and 3927 lots was traded at 0.73 eventhough it can be done at lower price. | ||||
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ljkeong
Senior |
29-May-2009 19:03
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I agree with you this could be a trap or maybe they are trying to push up price but not strong enough. By next week price should drop below 0.70. If history repeat by itself.
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TuaPekGong9413
Elite |
29-May-2009 17:27
Yells: "deity" |
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wa......30 over millions sold at .73 last min....should be forced by back ....good luck to those shortists......cheers | ||||
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TuaPekGong9413
Elite |
29-May-2009 12:31
Yells: "deity" |
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expected....trap set at .72. looks like today tested water at .725 afternoon stock should lower down | ||||
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TuaPekGong9413
Elite |
29-May-2009 12:23
Yells: "deity" |
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BBs kill all shortist!!! |
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smilingchuan
Member |
29-May-2009 12:18
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i see. its good to be long now for Genting. If you are long, congratulations. Hold on to your stocks and see it soar. | ||||
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i780samsung
Member |
29-May-2009 12:17
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completely agree with this!
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TuaPekGong9413
Elite |
29-May-2009 12:11
Yells: "deity" |
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me long on this counter.80cents definitely not a prob | ||||
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smilingchuan
Member |
29-May-2009 11:40
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i think this counter today better dun short. in case, BB buy few thousand lots up each again. Shortist will not survive. then we will see panic covering. seems that more good news are flowing out from the US. Expect Dow to be stable today. and probably a weaker dollar will spur buying interest in the US. so this counter genting will chiong. to at least $0.73 today. and in the near 1-2 weeks if market conditions are stable, $0.80 is not a problem. :) | ||||
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TuaPekGong9413
Elite |
29-May-2009 11:15
Yells: "deity" |
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looking at the play now....dun think it can hold at .72 today...seems like BBs playing down today.now they trick ppl to buy at .72, later sure will fall then they collect back | ||||
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TuaPekGong9413
Elite |
29-May-2009 11:05
Yells: "deity" |
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beware of this current price now....may be a trick....may fall.... | ||||
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TuaPekGong9413
Elite |
29-May-2009 11:03
Yells: "deity" |
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imagine the company havent operational yet already trading like mad...cant imagine what will it be like once they start business...wont surprised even if it hit above $1.....btw, beware of some kuku shortist...another trick they like to play is for eg: they short at .72, if not much ppl buy, they will then buy all up at .72, then let ppl queue to buy...once accumulated enough buying volume, they will then let go all... | ||||
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smilingchuan
Member |
29-May-2009 10:47
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ya totally agree. if private investors across asia and maybe temasek holdings participated in the private placement of LIm's shares it would mean that the stock will chiong very very soon. especially they got it at a huge discount as compared to $0.90. Resorts world coming onstream in 2010 1st quarter is also a very good time for tourism and revenue for both singapore and their parent company. wohoho! investors hold on to your stocks! TP: $1. |
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TuaPekGong9413
Elite |
29-May-2009 10:23
Yells: "deity" |
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some1 is accumulating the stock now at .72 without distrupting the mart, slowing at 500,000.....465,000.....535,000......738,000...262,000....time to get in | ||||
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TuaPekGong9413
Elite |
29-May-2009 09:53
Yells: "deity" |
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this counter good for intraday shorting but stock will climb slowly over time. for every fall it suffers, it tends to bounce back to a greater height. the only prob is how long one will wants to hold on to it, while seeing other counters shooting to the sky... |
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TuaPekGong9413
Elite |
29-May-2009 09:37
Yells: "deity" |
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many shortist at 0.72 may not hold for long...normallly this type of scenario, price will fall after that. unless BBs come to rescue | ||||
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TuaPekGong9413
Elite |
29-May-2009 09:35
Yells: "deity" |
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first they say sell, afterthat they say hold. next thing they will say buy. all these paid analyst....nvr trust them. if they so li hai, already become millioaire themselves | ||||
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Laulan
Master |
29-May-2009 09:21
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Hi, there is an about turn in the assessment. Before the sale by the three big shareholders, there was a sell call, by the same analyst who now upgraded the counter to HOLD. You won't be surprised to see another upgrade to BUY very soon by those who say HOLD now. Cheers. |
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yipyip
Master |
28-May-2009 23:18
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By Carey Wong OCBC Thu, 28 May 2009, 10:30:02 SGT Two major shareholders of Genting Singapore (GTGS) – controlled by the founding Lim family - have pared their stakes in the company after selling a total of 834m shares at S$0.72 each. Other than the sharp 16% discount to the previous day’s close, we do not think there are any major negative implications behind the move. Instead, we continue to view the gaming market as very promising and should bode well for GTGS when its Resorts World @ Sentosa opens in 1Q10. As the news of the discounted share sale has resulted in GTGS’s share price tumbling 17.9% yesterday to S$0.71, bringing it 6.6% below our recently revised fair value of S$0.76, we upgrade our rating to HOLD. However, the near-term outlook for GTGS has not improved – we are still expecting its UK operations to languish for the rest of this year. We would be buyers closer to S$0.60 or so. Two shareholders pare stake. Two major shareholders of Genting Singapore (GTGS) – controlled by the founding Lim family - have pared their stakes in the company. According to the company’s filings, Lakewood Sdn Bhd sold about 265.809m shares and Golden Hope Limited sold 649.073m shares today, all reportedly done at S$0.72 each via placement agreements through JPMorgan Chase and UBS AG. In total, the two parties sold nearly 9% of the outstanding 9637.8m share capital to raise S$615m. However as these were vendor shares, GTGS will not be getting any of the proceeds. No negative implications behind the sale. Other than the sharp 16% discount to the previous day closing price of S$0.865, we do not think that there are any major negative implications behind the move. For one, reports suggest that the placement was made to close to 40 parties, including specialist gaming investors, long-only Asia funds and deal players who liked the big discount. As mentioned in our earlier report, the outlook for the gaming market in Asia remains very promising – industry watchers expect the market to grow by 15.7% CAGR for the next five years. Lim family eyeing Mirage Macau asset? And the third reason for the stake sale could be related to talks that the Lim family is raising cash for a possible investment in MGM Mirage’s Macau casino. Parent Genting Bhd and sister company Resorts World earlier bought a combined US$100m of secured notes sold by MGM Mirage. But given the link to Pansy Ho, the daughter of Stanley Ho, the investment could be quite a sensitive issue with authorities in Singapore. As such, we suspect the Genting group may not want to be directly involved. Upgrade to HOLD. The news of the discounted share sale has resulted in GTGS’s share price tumbling 17.9% yesterday to S$0.71. As the share price is now 6.6% below our recently revised fair value of S$0.76, we upgrade our rating to HOLD. However, the near-term outlook for GTGS has not improved – we are still expecting its UK operations to languish for the rest of this year. Although we continue to expect a net loss in FY10, the opening of Resorts World @ Sentosa in 1Q10 could prove to be a wild card. Nevertheless, we would be buyers closer to S$0.60 or so. |
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dealer0168
Elite |
28-May-2009 23:14
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Rumour say he is keen on Macau Gamble business there. Thus he sell 9% of his Genting share to free up cash for its. Actually this things should not impact Genting progress at all. But i believe Genting may keep falling for this few days, as the contra player need to cut lost at the best price. My GUESS
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