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Gaecia
    22-Feb-2011 21:01  
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ipunter genius, thou  shall have your wish granted tmr morning. Then again, how to  exit fei fei under such circumstances? Regarding this, must  consult my juicy sifu  on  how to grab knives. 

I think....can u  invite your friend bon bon here  to  post his predictions tonite? Thank you  v much    Smiley 53

iPunter      ( Date: 22-Feb-2011 20:32) Posted:



Looks like there's no chance for me to short at a meaty 2.15/2.18 ...

    Then I will be waiting to bet again @1.85 (buy)... Smiley.


Gaecia      ( Date: 22-Feb-2011 20:13) Posted:



wow okay....thank God i  dare not  tikam play with  monster this time round, don't need to dye again.

For the first time  since late last year  I  find such huge volume on sgx in  one single  trading day.  2 billion volume on a down day, conviction has set in


 
 
tiancai007
    22-Feb-2011 20:53  
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I agreed. The market wont care if you consider it to be a good result. Expect a huge selldown hitting 300mil vol tomorrow.

iPunter      ( Date: 22-Feb-2011 20:40) Posted:



Two persons reading the same report will come to different conclusions, or none...

      This is called bias, or prejudice... But the market won't care a damn what people think... Smiley


Citigold      ( Date: 22-Feb-2011 20:34) Posted:

Another misleading report.Smiley


 
 
Citigold
    22-Feb-2011 20:42  
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Perhaps they should removed the section(Discontinued operation).Smiley

iPunter      ( Date: 22-Feb-2011 20:40) Posted:



Two persons reading the same report will come to different conclusions, or none...

      This is called bias, or prejudice... But the market won't care a damn what people think... Smiley


Citigold      ( Date: 22-Feb-2011 20:34) Posted:

Another misleading report.Smiley


 

 
iPunter
    22-Feb-2011 20:40  
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Two persons reading the same report will come to different conclusions, or none...

      This is called bias, or prejudice... But the market won't care a damn what people think... Smiley


Citigold      ( Date: 22-Feb-2011 20:34) Posted:

Another misleading report.Smiley

Gaecia      ( Date: 22-Feb-2011 20:27) Posted:



http://www.theedgesingapore.com/index.php

Headline news on Genting Singapore's earnings. I cannot  pick up any  positive vibes from the article.


 
 
Citigold
    22-Feb-2011 20:34  
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Another misleading report.Smiley

Gaecia      ( Date: 22-Feb-2011 20:27) Posted:



http://www.theedgesingapore.com/index.php

Headline news on Genting Singapore's earnings. I cannot  pick up any  positive vibes from the article.

 
 
iPunter
    22-Feb-2011 20:32  
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Looks like there's no chance for me to short at a meaty 2.15/2.18 ...

    Then I will be waiting to bet again @1.85 (buy)... Smiley.


Gaecia      ( Date: 22-Feb-2011 20:13) Posted:



wow okay....thank God i  dare not  tikam play with  monster this time round, don't need to dye again.

For the first time  since late last year  I  find such huge volume on sgx in  one single  trading day.  2 billion volume on a down day, conviction has set in.

bladez87      ( Date: 22-Feb-2011 19:05) Posted:

i think tmr Gensp gap down, so people who want bail better be fast. or it might rally for a while, trap people, then falllll


 

 
Noob79
    22-Feb-2011 20:27  
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Cosco is proposing to give 7Cent Dividend again which every year they give....only last year they give 3 cent due to financial crisis. I Hope Cosco to find it bottom soon... I already hold till buay Tahan liao :(((
 
 
Gaecia
    22-Feb-2011 20:27  
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http://www.theedgesingapore.com/index.php

Headline news on Genting Singapore's earnings. I cannot  pick up any  positive vibes from the article.
 
 
Noob79
    22-Feb-2011 20:22  
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Same thinking especially the opening of MBS for the next Quarter to compare... better run ... if i want to buy i will buy at July-Aug

tiancai007      ( Date: 22-Feb-2011 20:10) Posted:

There will be confirm, guarantee plus chop gap down of 20c tomorrow opening, follow by easing of the selling pressure. Let's stop comforting ourselves like last quarter. The number speaks for itself. Those bought at the high of 2.35 last quarter better cut loss early. This is a sinking vessel. Sad...

Citigold      ( Date: 22-Feb-2011 19:55) Posted:

Y not wait n see first?Smiley


 
 
Gaecia
    22-Feb-2011 20:13  
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wow okay....thank God i  dare not  tikam play with  monster this time round, don't need to dye again.

For the first time  since late last year  I  find such huge volume on sgx in  one single  trading day.  2 billion volume on a down day, conviction has set in.

bladez87      ( Date: 22-Feb-2011 19:05) Posted:

i think tmr Gensp gap down, so people who want bail better be fast. or it might rally for a while, trap people, then falllll

 

 
tiancai007
    22-Feb-2011 20:10  
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There will be confirm, guarantee plus chop gap down of 20c tomorrow opening, follow by easing of the selling pressure. Let's stop comforting ourselves like last quarter. The number speaks for itself. Those bought at the high of 2.35 last quarter better cut loss early. This is a sinking vessel. Sad...

Citigold      ( Date: 22-Feb-2011 19:55) Posted:

Y not wait n see first?Smiley

sinetic8      ( Date: 22-Feb-2011 19:46) Posted:



sure big movement. now i just thinking which price to throw all my bullets in.. after this chance no more liao.. cause their only disposal has taken effect last Q. Next Quarter will CNY, will be a boost from now. 

 


 
 
Noob79
    22-Feb-2011 20:03  
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If got go up better run... dun hold till next Quarter...next Quarter sure no good... just my opinion

Citigold      ( Date: 22-Feb-2011 19:39) Posted:

Ya,maybe tml not much movement at all.Smiley

rotijai      ( Date: 22-Feb-2011 19:07) Posted:



don care whether it's good or bad.. will instantly sell tmr morning :)

1 lot to bet the outcome :


 
 
Citigold
    22-Feb-2011 19:55  
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Y not wait n see first?Smiley

sinetic8      ( Date: 22-Feb-2011 19:46) Posted:



sure big movement. now i just thinking which price to throw all my bullets in.. after this chance no more liao.. cause their only disposal has taken effect last Q. Next Quarter will CNY, will be a boost from now. 

 


Citigold      ( Date: 22-Feb-2011 19:39) Posted:

Ya,maybe tml not much movement at all.Smiley


 
 
sinetic8
    22-Feb-2011 19:46  
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sure big movement. now i just thinking which price to throw all my bullets in.. after this chance no more liao.. cause their only disposal has taken effect last Q. Next Quarter will CNY, will be a boost from now. 

 


Citigold      ( Date: 22-Feb-2011 19:39) Posted:

Ya,maybe tml not much movement at all.Smiley

rotijai      ( Date: 22-Feb-2011 19:07) Posted:



don care whether it's good or bad.. will instantly sell tmr morning :)

1 lot to bet the outcome :


 
 
Noob79
    22-Feb-2011 19:44  
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Revenue only increase by 6%...u call that good??? Most important is profit got increase vs last Quarter or year on year,my frenz....

risktaker      ( Date: 22-Feb-2011 19:30) Posted:



Let me teach you how to read the report.

1) Revenue S$775.2 Million an increase of 6% over last quarter (3rd QuarteR)  -  Revenue must growth by at least 5% as seasons period during the Q4 and  they beat  it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3  - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.


Why net profit drop to  $91 million in Q4  ?

The main 3 items that reduce Genting SP Q4 net profit.

1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.

Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on  how they use the money. Example previously they cannot pay dividend until they payout their loans.

2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.

3)   Finance Cost added another 41 million -  Year End  Bonuses.  Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.

 

After Reading Genting SP report. I am really positive with its future.

Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.

MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.

2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.

Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011

. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.

  The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.

Upgrade to Buy S$2.75

 

 
Citigold
    22-Feb-2011 19:39  
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Ya,maybe tml not much movement at all.Smiley

rotijai      ( Date: 22-Feb-2011 19:07) Posted:



don care whether it's good or bad.. will instantly sell tmr morning :)

1 lot to bet the outcome :)

Citigold      ( Date: 22-Feb-2011 19:02) Posted:



In short,Genting SP had net profit of $657million FY2010. Bullish news for me but not sure how the market will react to it .Smiley

 


 
 
Citigold
    22-Feb-2011 19:36  
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What a pity ,they did not give out dividends FY2010.Perhaps in 2011Smiley

risktaker      ( Date: 22-Feb-2011 19:30) Posted:



Let me teach you how to read the report.

1) Revenue S$775.2 Million an increase of 6% over last quarter (3rd QuarteR)  -  Revenue must growth by at least 5% as seasons period during the Q4 and  they beat  it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3  - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.


Why net profit drop to  $91 million in Q4  ?

The main 3 items that reduce Genting SP Q4 net profit.

1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.

Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on  how they use the money. Example previously they cannot pay dividend until they payout their loans.

2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.

3)   Finance Cost added another 41 million -  Year End  Bonuses.  Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.

 

After Reading Genting SP report. I am really positive with its future.

Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.

MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.

2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.

Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011

. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.

  The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.

Upgrade to Buy S$2.75

 
 
risktaker
    22-Feb-2011 19:30  
Contact    Quote!


Let me teach you how to read the report.

1) Revenue S$775.2 Million an increase of 6% over last quarter (3rd QuarteR)  -  Revenue must growth by at least 5% as seasons period during the Q4 and  they beat  it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3  - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.


Why net profit drop to  $91 million in Q4  ?

The main 3 items that reduce Genting SP Q4 net profit.

1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.

Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on  how they use the money. Example previously they cannot pay dividend until they payout their loans.

2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.

3)   Finance Cost added another 41 million -  Year End  Bonuses.  Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.

 

After Reading Genting SP report. I am really positive with its future.

Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.

MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.

2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.

Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011

. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.

  The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.

Upgrade to Buy S$2.75
 
 
Citigold
    22-Feb-2011 19:25  
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As long as business is good,10yrs to repay also no problem to me.This mid 2011,we can see more opening attraction in the resort,2012 will be a full blast ramp ip ops from Genting SP.Smiley

bladez87      ( Date: 22-Feb-2011 19:06) Posted:

initially people said within 3 years can repay all long term loans and give dividend. now at this rate at least 6-7 years


Citigold      ( Date: 22-Feb-2011 19:02) Posted:



In short,Genting SP had net profit of $657million FY2010. Bullish news for me but not sure how the market will react to it .Smiley

 


 
 
Noob79
    22-Feb-2011 19:09  
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O.O surprise that 3rd Quarter result is better than 4th Quarter... I tot this Quarter will be still ok... but next Quarter sure no good....

BullishTempo      ( Date: 22-Feb-2011 18:23) Posted:



GenSp lost money this quarter.   Bear surprise lol....

Congratz to those who stayed out of the market.

And I advocate that nobody venture into this market till STI bottoms out, and STI has far from bottomed out. 

epliew      ( Date: 22-Feb-2011 18:09) Posted:

Are u a sister or a brother


 
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