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compass
Member |
16-Jan-2007 20:48
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when the casino at SINtosa was awarded to Genting, wonder our govt knew that ultimately Star Cruise will get a macau Ho casino involved. After all, HO's son is also in the run for the bid. Must be banging their(gahmen) heads now that the financing of getting Sintosa up and running involved unclean money and all sorts of fund raising. This Sintosa is reeked of dirts and filth and wheel and deals. Shameful. |
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zhuge_liang
Supreme |
16-Jan-2007 17:54
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Macau casino magnate Stanley Ho is set to buy a stake of up to 10% in Star Cruises, a report has said. The Straits Times daily said Ho will be invited to buy up to 10% of Star, which describes itself as the world's third-largest cruise ship firm. In turn, Star is negotiating for a sub-licence from Ho to build and operate a casino in Macau, the booming southern Chinese gambling enclave, the report said, citing financial executives close to the deal. Executives cited by The Straits Times said the transaction is to be announced this week. They said Ho will acquire an initial 5% of Star Cruises, with another 5% to follow in coming months. The Straits Times said the deal is part of a plan by Star Cruises and Genting International to raise funds for the contract they won last month. The facility is to open by 2010. Ho held a 40-year monopoly on casino gambling in the former Portuguese colony of Macau until 2001 when the enclave liberalised its casino ownership laws, attracting an influx of foreign investors and sharply boosting the overall business. |
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punter2006
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16-Jan-2007 10:28
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I don think so as it was mentioned in ST that it got to do with some "price sensitive" activities. |
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hikitty
Master |
16-Jan-2007 10:28
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Dongdong The announcement must not have been released before. It's the first time in SC history that a halt has lasted for more than one day (unfair to contra players or short sellers who are forced to pay up when payment is due). If it is going to have a booster effect on its share price, all those who are vested shd "yam-seng" coz' it has been stuck at not more than 0.29 to 345 cents for many donkey years after it was stock splitted. |
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EastonBay
Master |
16-Jan-2007 10:13
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Now we know that it's got something to do with Stanley Ho (coincidentally, me mentioned his name on my previous post in this tread). Just how possible is it that he doesn't want a foot-hole in IR around chinese speaking world? Missed the 'cruise' liao. |
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dongdong
Member |
15-Jan-2007 23:58
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From Star Cruise website, Not sure if this is the reason for suspension, quite disappointing if this is the "announcement" :p STAR CRUISES WINS THE BEST BRANDS IN LEISURE & HOSPITALITY IN THE Star Cruises, the Leading Cruise Line in Asia-Pacific, is pleased to announce winning ?The Best Brands In Leisure & Hospitality? in the Brand Laureate Awards 2006 ? 2007 inaugural award night, the ?Grammy Awards? for branding, recently held in Shangri ? La Hotel, Kuala Lumpur on 8 January 2007. The objective of the award is to raise branding standards in Malaysia and Asia-Pacific with a total of 300 nominees received for 60 companies / brands from Singapore, Hong Kong, China, Malaysia, Indonesia and Thailand. Together with Resorts World, Star Cruises is proud and honoured to win The Best Brands in Leisure and Hospitality 2006 ? 2007 awarded by the Asia Pacific Brand Foundation (APBF). The guest of honour, Yang Berhormat Dato? Seri Mohamad Nazri bin Abdul Aziz, Minister in the Prime Minister?s department presented the awards to the winners. The winning criteria is derived from the highest scores for brand strategy, brand identity, brand culture and brand equity and awardees must surpass all the above requirements with stringent audit processes in order to emerge as a winner for this prestigious award. Star Cruises? Senior Vice President, Sales & Marketing, Ms. Jean Teo, represented and accepted the award on behalf of Star Cruises and said, ?It is a pleasure and honour for Star Cruises to win this prestigious award which reflects the high and consistent standards of Star Cruises as Asia?s leading cruise line. We envision to continually grow internationally by upholding the passion and philosophy of providing the best cruise experiences as pioneer in this region?. Star Cruises has proved to be a popular cruising option for holiday makers from Asia as well as globally on ships like SuperStar Virgo, SuperStar Gemini, SuperStar Libra, Star Piscesand the upcoming new ?STAR?, SuperStar Aquarius that is to be home-ported in Hong Kong from June 2007 onwards. Star Cruises recently celebrated its 13th Anniversary and continues to provide the ultimate cruise vacation as well as meeting and incentives cruise packages and exciting international world-class performances onboard its magnificent fleet. Its itineraries cover the most exciting and exotic destinations in Asia-Pacific in countries like Singapore, India, Malaysia, Thailand, Vietnam, Hong Kong and China. Its global presence is ever-present and continually growing with the Norwegian Cruise Line brands under Star Cruises. |
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dongdong
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15-Jan-2007 10:39
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Rumour found on Channel News Asia forum, posted by a investor who claimed the broker told him. The impt question is when will Star Cruise be lifted from trading halt?? Star Cruises is suspended pending an announcment. Rumours has it that Star could be forming a joint venture with Galaxy to operate a casino development i.e. a cruise terminal in Macau. We believe that the Genting family in their private capacity owns about 3% of Galaxy. If true this is positive for Star Cruises as it will now have two very cash flow generative businesses via this new potential venture and a stake in the Sentosa IR (Star has 25% equity). In the longer term, cash generative gaming businesses will help cushion the over-geared core cruise operations ( USD 2.8bn debt) This is also positive for Resorts (owns 35% of Star). Our target price of Resorts is RM16.20. [15:00:58] LHT says: Star Cruise, latest heard Quek Leng Chan, & Lim Kok Thay of Genting Bhd to inject 20% stake each of Galaxy (27 HK) into Star Cruise. Stake value unknown |
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toyshop
Member |
15-Jan-2007 08:43
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It is indeed true that LV Sand only took 1 year to breakeven. It was in ST few weeks back. |
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EastonBay
Master |
14-Jan-2007 23:00
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Just wanted to say something about recuperating initial investment. I recently visited Macau, took a private day tour (ie mini bus with licensed tour-guide for my gang only). The guide gave a lot of info regarding the casinos in Macau. e.g. the feude btw Stanley Ho and rest of western world casinos etc etc. One pc of info that sunk in was that "LV Sand took only 1 year to recover their investment" instead of the predicted x no. of years. Well, it maybe just like "taxi driver's talk" I don't know. I guessed we can verify the info with its audited account etc. So, long term (till the IR opens for biz) maybe got hope? |
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waterfalls
Senior |
14-Jan-2007 22:56
Yells: "Investing is calculated risk, patience n luck" |
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A flasback to Star Cruise's last quarter performance: The HK-based company posted a net profit of US$60.4m for 3QFY06, which is almost double the US$33m yoy. The profit, its first in four quarters (it was in the red), was boosted by better travel demand and the sale of a ship. Turnover rose 19% yoy to US$683.3m. Star Cruises, the world's third-largest cruise operator, will undertake US$200m rights issue to help finance the building of three new cruise ships. It would also rely on bank borrowings and internal funds to pay for the three ships, which are estimated to cost US$3bn. Each ship will come with 4,200 passenger berths and can carry a quarter million passengers a year. Currently, Star Cruises has a combined fleet of 20 ships and an additional four ships are due to be delivered. The 3QFY06 net profit was partly due to the one-off gain on ship disposal and shipyard compensation amounting to US$24m. Without the one-off gains, the net profits would be at US$36.4m only or 10% increase yoy.
FY06 earnings would be affected by the higher fuel costs, higher interest expense and also the weak performance of NCL, Star Cruises? US operations. The management attributed the weakness of NCL?s performance to the increased capacity that led to the pricing pressures coupled with high staff costs due to high attrition rates. It appears that Star Cruise is struggling to breakeven. However, the outlook would be better in 2007 with lower fuel prices and turnaround in North America operation.
That was last quarter season.
Now that Star Cruise is a partner of the Sentosa IR, its fortunes may well turnaround. Provided it can steer the ship on an even keel in the vast seas of opportunities and risks ahead.
FY06 earnings would be affected by the higher fuel costs, higher interest expense and also the weak performance of NCL, Star Cruises? US operations. The management attributed the weakness of NCL?s performance to the increased capacity that led to the pricing pressures coupled with high staff costs due to high attrition rates. It appears that Star Cruise is struggling to breakeven. However, the outlook would be better in 2007 with lower fuel prices and turnaround in North America operation. That was last quarter season. Now that Star Cruise is a partner of the Sentosa IR, its fortunes may well turnaround. Provided it can steer the ship on an even keel in the vast seas of opportunities and risks ahead.
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hikitty
Master |
14-Jan-2007 21:53
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In fact, before stock split, SC was trading above US$1. It had been range bound trading after stock split and was unable to break out of its high of US 0.365 cents for a few years. With the change in earnings growth prospects from now on, hope it will be able to break out of the resistance price of below US0.40cents per share. Let's see whether SC will move like a steam liner as from next week instead of being tossed about in the sea like an old sampan, as had been happening for the past few years after stock split!. |
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Hulumas
Supreme |
14-Jan-2007 18:46
Yells: "INVEST but not TRADE please!" |
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Dear Hikitty, The answer is definitely yes! |
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hikitty
Master |
14-Jan-2007 17:19
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Anyone has details of the announcement which is supposed to be released after suspension. Not available on website, CNA or ST so far. Big big boys shd know by now, not the man-in-street, Will the announcement stir up further buying interest in SC after last Thursday?. |
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teeth53
Supreme |
13-Jan-2007 21:00
Yells: "don't learn through life, learn to grow with life " |
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Hi Hulumas, As U has bot n a Cheap below US0.10c, believe over mid term, it's going to test US$1.20, anything below US0.40 is a buy for long term tp px. US1.20 is 200% for US$0.40 which usually those Big Big Bs definately will take profit, including those institutional big funded boys. FYI: Just my personnal opinion, not an inducement to trade. |
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Hulumas
Supreme |
13-Jan-2007 19:41
Yells: "INVEST but not TRADE please!" |
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Dear Teeth53, Yes, I 'll. Thank You. |
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teeth53
Supreme |
13-Jan-2007 17:34
Yells: "don't learn through life, learn to grow with life " |
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Dear all, Real monies and with deep pocket (those very rich can hold, sure to win one) is needed to hold till year 2010 which is 3 years away or till 7 year away which Gen Int'l boss (Datuk Lim) said . He can take back his S5 bil investment, (a long the way anything can happen) meanwhile happy trading, speculating, punting vesting and so on.... |
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Hulumas
Supreme |
13-Jan-2007 17:20
Yells: "INVEST but not TRADE please!" |
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Dear Hikitty, Please kindly tell him Mr. Gabriel Yap two main things. Firstly, It is a common practices, future performance will be the major possitive added value to be evaluated/factored in the potential price movement. Secondly, This is perfectly bottom out, recovery yet very prospective, on macro as well as micro economic view just discovered potential huge upward capital appreciation and expansion stocks at least throughout the year 2010. |
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hikitty
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13-Jan-2007 16:56
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Anyone has details of the announcement. Not available in Straits Times of today or Starcruise website. This share has always been a speculative counter since according to Gabriel Yap of Philip Securities, it does not have good earnings visibility . Better to junk this share? Any comments from FA or TA specialists. |
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Hulumas
Supreme |
13-Jan-2007 14:39
Yells: "INVEST but not TRADE please!" |
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Dear Waterfalls, You are right, dynamic market sentiment/momentum and how the market will value some particular share its unmeasurable and hard to be predicted, however, this is the interesting part and perhaps the ART in the stock investment. Please be noted, I am sure, big boys are no different to whatever boys (small, medium, big, extra big or even gigantic) in the stock investment, as long as they hold for long term and not speculation, they will certainly get the deserved/expected capital gain/appreciation equally, the counters that they have hold. |
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waterfalls
Senior |
13-Jan-2007 13:35
Yells: "Investing is calculated risk, patience n luck" |
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Coming back to Star Cruise, there was very heavy vol of $77 mln even before trading was suspended yesterday. It is a stark cruel reality that there is no level playing field in the stock market despite all the insider trading rules in place. The big boys always get wind of the news first. The retail investors invariably lose out to them. |
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