| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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vinvin88
Member |
06-Sep-2021 00:17
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Just to share my point of view.. Genting singapore share price during 2018 - 2019 before MCO.. The price just around $0.90 - $1.13.. So don't expect much when border open. When during 2018 - 2019 that time , whole world casino doing the excellent performance.. MGM.. NAGAWORLD.. GENTING BERHAD & GENM.. Etc.. look at their prices.. Almost 20 to 30% gains.. But GENS just only singapore only.. If the EPS can get 0.015 to 0.02 consider very good in every qe.. The fair value $0.85 - $1 only unless get any new casino licence at other country in the future.. | ||||
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Goldfinger
Supreme |
05-Sep-2021 19:43
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Anyone been inside the RWS Casino lately?  Understand the capacity per table is now raised from 2 to 5 and they allow standing bets.  But, not sure and not confirmed.
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Goldfinger
Supreme |
05-Sep-2021 19:42
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Looking at the high prices that they charge - I think they make a lot of money from the hotels during normal times/pre-COVID.  The one I am not so sure are places like the Aquarium and USS.  Those could be loss-making frankly.
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investshare
Supreme |
05-Sep-2021 14:21
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Are the hotel business by themselves profitable? Or being subsidised by casino?
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Goldfinger
Supreme |
05-Sep-2021 14:03
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With so many hotels, ie 8 - GENS can form their own Hotel REIT. There are tax efficiencies from doing so - and they can give shares in the REIT to existing shareholders. So, a lot of stuff they can do to enhance shareholder returns.  It is also far far cheaper to build casinos in cheaper countries like Cambodia, Philippines, Vietnam - Japan is a high cost, high resistance country.  Also with the animosity between China and Japan, and South Korea and Japan, due to decades and centuries of war - attracting clients from North Asia is no walk in the park.  They better come up with a better game plan, or return us the S$3billion or so as dividends or capital distribution.
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Goldfinger
Supreme |
05-Sep-2021 13:53
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Think the SG casino will be rolling in profits and $$$ now that the bulk of depreciation is done and borders re-open.  Also, if capacity is restored, and SG people still cannot travel freely - they will have a captive home market. Of course, there is still RWS 2.0, and somehow my thinking on this is not a bad move now, given that Japan is almost dead. At this juncture, I think it is far better for Genting to walk away with dignity, than to be messed up in this unrestful Japanese population which are against casinos.  They do not have to return us all $3billion - I am fine with half that amount ie S$1.5billion or so, which may be about 12-15 cents per share. That would be rather nice as a Christmas present or CNY angpow. We should hold them accountable, as much of this money came from the silly Perpetual Securities they issed to pay for Japan, and dividends they could have paid us, with the Japan " dream" as the reason.  Heavens - with so much cash, and not being deployed - they better give it back to us than to increase Management pay and Director fees!!!
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Lobster
Elite |
05-Sep-2021 12:14
Yells: "Even Adam Khoo believes in the Black Market!" |
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You got to be cautious when you talk about this... because only about 3 billion$ are net cash, the rest are debt and liabilities. And even that the net cash are not all cash flow, with some in investments or tied up with othersoutlays. And don' t forget, the business cannot run on water, so it needs fundings.you don' t want it to go into too much debt financing when the needs arise. Best is to watch its yearly performance and earnings. I also don' t think the Japan casino thingy is dead. There will be a twist to it. The company got to grow, man, otherwise the price will never move to its glorious heights.
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Goldfinger
Supreme |
05-Sep-2021 08:38
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They forgot abt the $3-$4billion cash they need to return to us!!!! | ||||
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PhillipTan
Supreme |
05-Sep-2021 04:16
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RHB keeps ' buy' call on Genting Singapore on impending return of international visitorsRHB Group Research remains upbeat on Genting Singapore despite the likelihood of its bid for the Yokohama integrated resort (IR) project being shelved following the election of anti-IR candidate Takeharu Yamanaka as Yokohama mayor." As things stand, it looks unlikely that Genting Singapore will be able to participate in this bid," the Singapore research team says in a Sept 3 research note. Nonetheless, the team has kept its " buy" call with an unchanged target price of 92 cents, noting that no changes were made to their forecasts as they had not imputed any potential Yokohama IR win. Instead, the team' s optimism is underpinned by the gradual border reopening for Singapore on the back of increased global vaccination rates. The way the team sees it, the start of quarantine-free travel marks a positive sign for Singapore' s tourism industry. Travellers from Hong Kong, Macao, Mainland  China, and Taiwan, together with inoculated travellers from Brunei and Germany, who test negative for Covid-19, are now able to enter Singapore without going through quarantine.  " While we do not expect a full recovery of foreign visitors to Resorts World Sentosa (RWS) in FY2021, the gradual reopening of borders and quarantine-free travel signify that the worst is over for the tourism industry." the team says. The team also positively views the relaxation of the capacity limit for non-gaming facilities at RWS, which has now been increased to 50% since Aug 19 from 25% previously during the Phase 2 (Heightened Alert) period. " For the gaming facilities, it was reported that standing bets for table games are now permitted at Singapore' s two casino complexes with the maximum number of people per table increased to five (both seated and standing guests, including dealers) compared to two patrons previously," the team comments. To that end, the team sees Genting Singapore as the main beneficiary of the gradual reopening of economies and borders as more countries reach higher vaccination rates. " Genting Singapore should benefit greatly from the return of foreign visitors to its premises, which historically account for circa 80% of total visitorship," the team says. They note that the current valuation for Genting Singapore at 6.5 times FY2022 EV/EBITDA is attractive compared to its regional peer average of around 11 times, presenting an opportunity to position for the FY2022 earnings growth recovery. " Further upside to our FY2021-2022 could happen if the return of foreign visitors is faster than expected as more borders re-open," they add. As at 3.51pm, shares in Genting Singapore are trading up 0.5 cents or 0.64% higher at 78.5 cents. |
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rocketman
Master |
03-Sep-2021 14:00
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0.785--> 0.755--> 0.725... projection .. smile... | ||||
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brchkho1
Master |
03-Sep-2021 09:21
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Who early early in the mornig scooping up at 0.785 by 100, 200, to 500 lots huh.
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rocketman
Master |
03-Sep-2021 09:15
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Morning Bull Trap... smile...  | ||||
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vinvin88
Member |
03-Sep-2021 01:04
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Maybe Special dividend in the future 😁 😁 😁
Covid everywhere now.. Hard to recovery back to previously before covid..
Unless all the kid can take vaccination as well.
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Goldfinger
Supreme |
03-Sep-2021 00:02
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Please return the $4bn in cash to us as dividends. Thank you.
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vinvin88
Member |
02-Sep-2021 23:58
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Yokohama officially already confirmed withdraw from IR RACE In Japan.. Now only can focus RW SENTOSA 2.0.. BUILD some Nintendo world and new hotel In next 4 years.. Hehe.. | ||||
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pkli899
Supreme |
02-Sep-2021 17:11
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还 没 盖 棺 定 论 . 还 有 一 线 希 望 。
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brchkho1
Master |
02-Sep-2021 17:09
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新 市 长 可 以 阻 止 赌 场 的 建 设 吗 ? 是 前 市 长 批 准 的 项 目 而 开 始 竞 标 的 .可 以 腰 斩 吗 ?
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investshare
Supreme |
02-Sep-2021 15:47
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云 顶 未 放 弃 追 逐 横 滨 赌 场 梦
2021年 08月 27日 ( 吉 隆 坡 27日 讯 ) 尽 管 反 赌 场 派 候 选 人 在 日 本 横 滨 市 长 选 举 中 胜 出 , 但 云 顶 ( GENTING, 3182, 主 板 消 费 股 ) 似 乎 仍 未 放 弃 进 军 日 本 的 机 会 。 云 顶 在 业 绩 文 告 中 指 出 , 云 顶 新 加 坡 目 前 尚 在 等 候 横 滨 赌 牌 的 竞 标 结 果 ; 该 集 团 也 强 调 , ?一 旦 被 选 中 , 云 顶 新 加 坡 有 信 心 带 来 一 座 世 界 级 的 度 假 村 , 为 横 滨 带 来 经 济 上 的 成 功 。 ? ADVERTISEMENT 将 赌 场 称 为 ?毒 苹 果 ?, 并 承 诺 将 废 除 综 合 度 假 村 计 划 的 山 中 竹 春 , 在 上 周 举 行 的 横 滨 市 长 选 举 , 击 败 支 持 兴 建 赌 场 的 原 任 市 长 林 文 子 , 让 云 顶 开 发 日 本 赌 业 的 计 划 可 能 梦 碎 。 除 了 政 治 因 素 之 外 , 云 顶 参 与 横 滨 赌 场 竞 标 , 也 遭 到 澳 门 新 濠 博 亚 娱 乐 ( Melco Resorts & Entertainment) 的 挑 战 。 |
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fuzzyshares
Veteran |
02-Sep-2021 14:32
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and btw 2020 was the year of correction due to Covid, DOW crashed to 17k and yet in a span of just a few months it recovered and now the US rocket is in 30k orbit.
Haha.. ok... lets go for another 11 Years.. smile
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mchua71
Senior |
02-Sep-2021 10:20
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I guess you are the Shortist who bet big to short it down to 0.725. Good to try. No Risk No Gain :)
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