OCBC Investment Research ups Genting Singapore’s (G13.SG) target price to $2.38 from $1.85 after raising forecast for size of Singapore’s gaming market for 2011 to $7 billion vs $6 billion. Keeps Buy call, says Dow Jones.
Expects “pretty upbeat” results for 3Q10 on firm Singapore tourist-arrivals, which likely to head even higher in 4Q10 due to year-end seasonal effect.
Says recent 15% pullback in share price from $2.18 peak set in mid-September is healthy as run-up after 2Q10 results “was probably a bit too fast, too furious.”
Shares +1.1% at $1.88.
Latest Forum Topics / Genting Sing Last:0.765 -0.005 | Post Reply |
GenSp starts to move up again
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bishan22
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01-Oct-2010 09:36
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no frenzy buy/sell today. http://www.youtube.com/watch?v=4TYv2PhG89A&ob=av2e | ||||
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BullishTempo
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01-Oct-2010 09:34
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Selling still very strong, hang on first
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niuyear
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01-Oct-2010 09:29
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SAme wave line...I entered 1.86.
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BullishTempo
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01-Oct-2010 09:25
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Tags: Genting Singapore | Genting Singapore Plc
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cannotfind
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01-Oct-2010 09:14
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open at 1.88 and now back to 1.88... surely it will go down today | ||||
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niuyear
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01-Oct-2010 09:12
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Got people short with hand shaking, got ppl short with confidence. Which group do you belong to? hahaha! |
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BullishTempo
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01-Oct-2010 09:11
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going long is the opposite of selling short
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cannotfind
Elite |
01-Oct-2010 09:10
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going long?
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BullishTempo
Supreme |
01-Oct-2010 09:08
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lol going long yesterday was the right decision | ||||
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epliew
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01-Oct-2010 08:55
Yells: "no worries be happy !" |
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my advice is wait and see, things in the environment can affect the situation. uptrend there is three peaks, two peaks has passed....... now downtrend..... could persist for a while before another peak, but bare in mind no expert will know when it will peak. could be today could be three months or longer. eg. if election comes next month, surely all stocks will rally !
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crystal1818
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30-Sep-2010 23:04
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Good for you. :) I don't have any more bullets to buy...
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LEEKARLEONG
Member |
30-Sep-2010 22:40
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Relax folks and enjoy this song: <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/Kqjn8jFJ3pI?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Kqjn8jFJ3pI?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> |
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cannotfind
Elite |
30-Sep-2010 22:25
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placed booking at 1.8 | ||||
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iknownothing
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30-Sep-2010 21:29
Yells: "INCOMING!!!!!" |
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forum investor or trader, becareful yea dont carry people's baby. hope no ppl bot at last week price. Cheers! |
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teeth53
Supreme |
30-Sep-2010 21:21
Yells: "don't learn through life, learn to grow with life " |
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Ya...Agree, Casino is place where one can dine and wine, borrowing too much for drinking / gambling The worst I can thot of - gambling away without unlimited amount in just one night and the next day realized (oneself) he/she is dead. |
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teeth53
Supreme |
30-Sep-2010 21:08
Yells: "don't learn through life, learn to grow with life " |
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Since then after this super Friday. Incident has changed to (those blind by greed) A huge super catch up phase on it Super volume last Fri 13th Aug 2010. Super volume - 676,743,000 millions share changed hands. teeth53 thot - Humm...This good day (Friday the 13th). Will it last and for how long it if last ?. |
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niuyear
Supreme |
30-Sep-2010 21:04
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A very fundamental basic that i want to own a share of this company is simply: Casino will never run out of people. Its a people's place, a place full of people. Unllike on-line betting. Casino in manay countries, do contribute to its country's economy and toruists' visists. It is recession proof. Why people go there: 1) good place to wine, dine and play 2) ppl attracting to the games and the challenges, or perhaps, showing off skill at table games 3) company's entertainement for its clients 4) thousand and one reasons for ppl to be there it has been debated over and over that casino could bring forth lots of social problems, but, one has to know its own limits and be responsible for his own action. A smart person will not want to gamble all his money and life away A happy person will know how to enjoy his life to the fullest.
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iknownothing
Senior |
30-Sep-2010 20:27
Yells: "INCOMING!!!!!" |
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good luck to nannys. |
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teeth53
Supreme |
30-Sep-2010 19:55
Yells: "don't learn through life, learn to grow with life " |
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Eureka. Genting SP has gone into over drive, hyper-active driving market sentiment. http://forum.channelnewsasia.com/viewtopic.php?p=3937882#3937882 just buy when it drop... what then when it dun hit 3/- by year end ?. Very sad - right. Usually BBs play up and let go, then many, many small boys stand to hold.... 16-Sep-2010. On this day. 49 analyst upgrades and 27 downgrades. A remarkable 76 changes in total during this past years. At $10/- S$122 billions worth after GIC,. Temasek and bigger then three other big banks combine (DBS, UOB and OCBC) By hitting $3/- target, it will be value at $36.5 billions, making it more valuable then the 3 big banks combine Not every Sunday is shining Sunday, see so many happily punting. seem everyday is always a Sunday. Punters is, so happy punting everyday Win or loss, happy trading. All thank to Punters and traders alike...Cheer |
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cannotfind
Elite |
30-Sep-2010 19:20
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Why buy G13?? Buy http://www.thestar.com.my/news/story.asp?file=/2010/9/30/nation/7129533&sec=nation | ||||
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