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edchai Veteran	05-Aug-2016 08:11        edchai About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	By doing so, GS may end up paying higher interest rate to bank.
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Goldfinger Supreme	05-Aug-2016 08:04        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	The next thing we should do is to attend the next AGM is push for Management to redeem (or buyback?)  the perpetual securities which are sucking out a big chunk of interest payments every year, and like this round dropping the company into the red. The perps  should be due within the next year or two.  Korea Jeju seems pretty much on track  and Japan is a far off dream, and Singapore is a cash cow.    They should then focus on rewarding minorities.
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Qanghoo Supreme	04-Aug-2016 23:32        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, they did spread writing off the bad debt over a few qtrs n now it' s probably over.  So, now they have wised up to being so generous to high-end PRC rollers.  Still, they probably come up with some other gimmicks of their own to lure other PRC gamblers to the table.  Someone once said Chinese are compulsive gamblers n I think casinos wld want to count on them, but be on top of the situation.  Goldfinger      ( Date: 04-Aug-2016 21:28) Posted: Do correct me if I' m mistaken, but I think the trade receivables (ie bad debts?)  are coming down quite significantly.  This will make a big difference once they are cleared and they rein in credit.  These Zhonguo bad debt gamblers are very super  smart, borrow money on credit  to play - make money take and run, but lose money they zao lou and  run anyway (without paying).  Qanghoo      ( Date: 04-Aug-2016 21:06) Posted: Who cares abt any investigation anyway.  They take ages n still don' t have anything concrete to show for it.  In the meantime, the pumping n dumping continues.  Just look at the volumes of the super n nano pennies.  By the time they catch up with the devils, these people wld have made their millions n probably recycled their capital liao.  As for GS, for sure there are still challenges.  But at least the spectacular loss-contributing items are probably more under control now.  N if the Chinese giao gui start streaming back (not just tourists per se), then there is hope that better days cld return sooner rather than later.  Already we seem to be hearing that the situation in Macau was more  encouraging last mth, n that probably explained the more active trading in casino stocks in HK recently.
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pinkowl Supreme	04-Aug-2016 21:58        pinkowl About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	十 赌 九 输 。 Casino is banker. This is a cash cow.
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Goldfinger Supreme	04-Aug-2016 21:28        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do correct me if I' m mistaken, but I think the trade receivables (ie bad debts?)  are coming down quite significantly.  This will make a big difference once they are cleared and they rein in credit.  These Zhonguo bad debt gamblers are very super  smart, borrow money on credit  to play - make money take and run, but lose money they zao lou and  run anyway (without paying).  Qanghoo      ( Date: 04-Aug-2016 21:06) Posted: Who cares abt any investigation anyway.  They take ages n still don' t have anything concrete to show for it.  In the meantime, the pumping n dumping continues.  Just look at the volumes of the super n nano pennies.  By the time they catch up with the devils, these people wld have made their millions n probably recycled their capital liao.  As for GS, for sure there are still challenges.  But at least the spectacular loss-contributing items are probably more under control now.  N if the Chinese giao gui start streaming back (not just tourists per se), then there is hope that better days cld return sooner rather than later.  Already we seem to be hearing that the situation in Macau was more  encouraging last mth, n that probably explained the more active trading in casino stocks in HK recently. xxblitzxx      ( Date: 04-Aug-2016 17:56) Posted: Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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Qanghoo Supreme	04-Aug-2016 21:06        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Who cares abt any investigation anyway.  They take ages n still don' t have anything concrete to show for it.  In the meantime, the pumping n dumping continues.  Just look at the volumes of the super n nano pennies.  By the time they catch up with the devils, these people wld have made their millions n probably recycled their capital liao.  As for GS, for sure there are still challenges.  But at least the spectacular loss-contributing items are probably more under control now.  N if the Chinese giao gui start streaming back (not just tourists per se), then there is hope that better days cld return sooner rather than later.  Already we seem to be hearing that the situation in Macau was more  encouraging last mth, n that probably explained the more active trading in casino stocks in HK recently. xxblitzxx      ( Date: 04-Aug-2016 17:56) Posted: Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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spore1 Supreme	04-Aug-2016 18:29        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So Tmr up or dw? I think it may go higher.
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Goldfinger Supreme	04-Aug-2016 18:27        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not a bad take per se, but may want to note that there was also some tax refund in Q2 2015 of $100m which may have boosted results then. xxblitzxx      ( Date: 04-Aug-2016 17:56) Posted: Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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Goldfinger Supreme	04-Aug-2016 18:22        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not advice and just a comment please lah hahah. Opportunities may still present but I personally think the big cheap sale sell down is past. xxblitzxx      ( Date: 04-Aug-2016 18:15) Posted: ok (: I will wait to see if it enters my entry price zone. If not, I will take your advice and look elsewhere (: thank you for your advice
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bishan22 Supreme	04-Aug-2016 18:15        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In summary, reported 10 million loss in 2Q....
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xxblitzxx Member	04-Aug-2016 18:15        xxblitzxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	ok (: I will wait to see if it enters my entry price zone. If not, I will take your advice and look elsewhere (: thank you for your advice
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Goldfinger Supreme	04-Aug-2016 18:04        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you hope and want to buy dirt cheap - then better look somewhere else. Think the fire sale prices at 60-odd cents may have Long past. Those who wanted to collect would have eaten their fill oredi. xxblitzxx      ( Date: 04-Aug-2016 17:56) Posted: Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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brchkho1 Master	04-Aug-2016 18:02        brchkho1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually if the company scaled down the lendings, would have not ended up like that. I had questioned the management on the credit policy and   impairments in the past AGM as early as 2012 or 2013. At least now they are focusing on the mass market with has less lendings. The management had in the past, lending money to gamblers who  are actually enjoying lowest credit rating  in the eyes of bankers. Will you lend money to people to win your  money?  What kind of logic is that?
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Goldfinger Supreme	04-Aug-2016 18:00        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coz I expected further losses on stock and derivative investments and debt write downs and falling gaming numbers bah.. xxblitzxx      ( Date: 04-Aug-2016 17:56) Posted: Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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Goldfinger Supreme	04-Aug-2016 17:58        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I actually expected some mind-numbing 9 digit loss scenario given debt write downs and gaming results from MBS and Macau...so a higher profit is quite a pleasant surprise.. Goldfinger      ( Date: 04-Aug-2016 17:41) Posted: Better than I thought..
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xxblitzxx Member	04-Aug-2016 17:56        xxblitzxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello all, my personal view on the results just released 2016 2Q net profit = 18,852  versus 2016 1Q net profit = 40,229 (More than 50% drop btw...) Zooming into core business profitability: Operating profit for this quarter is 47,188 compared to 1st quarter of 82,116 If you look on QoQ comparision: Net profit is 18,852 versus 12,462 signifying a 51% increase! However please take a look.... Last year 2Q results were only 12,462 because of a loss in derivatives financial instruments of 95,043 in value. If you compare core business profitability again... based on QoQ, operating profit fell 4% from 49,380 to 47,188.. I don' t see how can the results be good....? (enlighten me as I am new) Tying in facts: retrenchment of 400 workers plus the fact that the casino industry isn' t doing as well (LVS recent results) and despite the fact the Singapore tourism picked up by double digits this quarter, Genting is still not showing better earnings. Adding into technicals: We are now at 0.795 near 0.80 psychological resistance. And looking at history of previous 0.89 high when share price was pumped up from 0.66 and later dumped to 0.70 after bad results. This may be the similar scenario where share price is pumped up to dump again back to 0.70 - 0.715 region. ( I rather look for long at these prices than buying tml or in the near future ) Of course there is a possibility of share price continuing up - maybe operated due to some inside developement not known to the market? (Speculation lol) However, do take note alot of remisers and individuals have been called in for questioning by SGX recently and it' s getting wider and wider. IMO, dangerous = stayout till a decent support such as 70cents. It is a strong company, but why take the risk?
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Goldfinger Supreme	04-Aug-2016 17:41        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better than I thought..
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Qanghoo Supreme	04-Aug-2016 17:40        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Probably turned the corner.  Hopefully, if the Chinese visitors have started making the move to gradually return.  If so, yes, likely back to $1 in due course (maybe, next 18 mths).  taxiuncle      ( Date: 04-Aug-2016 17:19) Posted: Results not bad leh......
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taxiuncle Veteran	04-Aug-2016 17:19        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Results not bad leh......
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spore1 Supreme	04-Aug-2016 16:13        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This could b the next gems. hope it can go bk to $1👍 😀 Goldfinger      ( Date: 04-Aug-2016 15:43) Posted: Given the econ climate, I highly doubt so although I'm still a believer -) think we should look beyond 2016 to better days ahead in 2017 and when RW Jeju opens.. spore1      ( Date: 04-Aug-2016 15:18) Posted: This evening Result could be quite gd as share price seems to be holding up well.
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