| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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rocksolid
Member |
11-Jul-2024 16:48
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I am currently sitting on a circular bench directly (as I type and post this message) in front of the casino entrance/exit observing the patrons and crowd for close to an hour. Non-stop constant flow of patrons entering the casino. I have to say business is extremely good.
Further to this, as indicated on the MAS website showing the accumulated total outstanding uncovered short position volumes amount to 108 million shares. This huge outstanding uncovered position coupled with rising share price can result in share price going up when the shorties start covering back their huge outstanding 108 million shares.
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SgYuan
Supreme |
11-Jul-2024 11:57
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genting 1h
in zone 840 850 breakup 865 breakdn 825 also w5 815 |
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MoneyFish
Member |
11-Jul-2024 09:37
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Waiting 0.93 take profit.When the MBS result come out? Then we can see how far Gens chiong up.
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Mark001
Veteran |
10-Jul-2024 13:55
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Please share the visiting crowed you see if you recently have gone to Sentosa and Casino.
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Ryuuenji
Elite |
10-Jul-2024 13:38
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At this price 84/845.. is good to go 97 | ||||
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Mark001
Veteran |
10-Jul-2024 09:12
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Wait for H1 result announcement on 14 Aug.
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n3wbie
Elite |
08-Jul-2024 20:56
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Or... put to capital to good use by winning some new IRs in Middle East or Thailand! Otherwise it is just idle cash and they should work their balance sheet harder
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alanchee
Senior |
08-Jul-2024 11:15
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Their 40th Anni and better results, all the more should dish out higher or special div
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Mark001
Veteran |
05-Jul-2024 10:57
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I think it should be fine. GentingS' s performance this year can be better than last year, So  the higher dividend expectations are realistic for this tear.  
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n3wbie
Elite |
05-Jul-2024 07:57
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It is coincidentally Genting Sing 40th anniversary this year - hopefully they can be generous with divs given the strength of the balance sheet. Dont think any other blue chips in Singapore has the luxury of sitting on $3.7bn cash pile with no debt
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alanchee
Senior |
04-Jul-2024 18:02
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If they can achieve more or less the same net earnings for 1Q for the next 3 qtrs, net profits will reach or close to $1B. Can easily payout at least 5cents div, about $600M and that' s only a 0.6 payout ratio, still lower as compare to 0.69 last year. There is definitely room for higher payout, even higher than 5cents. Hope the management can take note of Singtel, YZJSB cases and initiate action to boost the lacklustre SP.
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Mark001
Veteran |
04-Jul-2024 17:11
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I hope Genting Singpore will also come to this trend and be 1 more good example that everyone can cite.
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pursuer76
Veteran |
04-Jul-2024 14:52
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I assume investors are expecting a little more dividend with their massive retained earnings. Singtel revised their dividend policy to 70% and 90% and YZJSB increased 0.015 to 0.065 cents. Look at their share price now.
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Mark001
Veteran |
04-Jul-2024 13:31
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Thanks @Pursuer76 for your data and explaination. The dividend was paid about 54% of EBIT 2023. if 0.01 more for dividend, It will takes 70%. if so, there is no $ for potential investment The retained cash $2.66B could not be treated as profit.  
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alanchee
Senior |
04-Jul-2024 12:02
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SgYuan
Supreme |
04-Jul-2024 10:12
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SGX Penny Stocks (EW Charts by sgYuan):
genting h w3 dn 835 hit 830 and uturn w4 up now SgYuan: genting 1h w4 up 38.2% 865 hit 860 see if can breakup dn 61.8 840 must not breakdn if breakdn w5 dn 815 |
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pursuer76
Veteran |
04-Jul-2024 09:49
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According to 31-12-2023 financial statement, $422.5 million dividend was paid from retained earnings. The balance after dividend paid was $2.66 billion. If based on EBIT, 2023 was about $777 million. The dividend paid translated to about 54% of it' s 2023 EBIT. I assume BBs are disgruntled with the massive retained earnings yet not willing to give another 0.005 or 0.01 cents. They paid 0.035 cents in 2023. If they increase by another 0.005 cents, that should translates to about $483 million. If increase by 0.01 cents, about $543 million which is an additional $120.5 million that doesn' t hurt the $2.66 billion retained earnings much.
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Mark001
Veteran |
04-Jul-2024 08:58
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" Analysts are analysts afterall" that makes sense.   Is it true or false to state that past dividends accounted for such a high proportion of earnings in this article?
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n3wbie
Elite |
04-Jul-2024 08:52
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Agree fully on this, the value proposition is completely different
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Mark001
Veteran |
04-Jul-2024 08:41
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No matter what philipines does on this, it will not have any impact on Singapore' s casino. It completely belongs to different class of consumer groups.
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