| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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spore1
Supreme |
12-May-2014 22:10
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it may trend higher
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Blanchard
Master |
12-May-2014 12:58
Yells: "Winners cry..... Losers smile....." |
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Perhaps Japanese consumers are prosperous and still thrifty? LOL. | ||||
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hlfoo2010
Master |
12-May-2014 11:23
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From the pic I dont think he can make big $$$ maybe loose $$$$$$$. Empty seats and young kids even with slipper. |
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Blanchard
Master |
11-May-2014 22:49
Yells: "Winners cry..... Losers smile....." |
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Goldfinger
Supreme |
11-May-2014 21:21
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Low and sparing dividends aside, I think Genting Spore can leverage off their relationship with Star Cruises, to synergise in their forays into Korea and Japan. If you recall, Genting HK and Genting Spore had combined to bid for the Sentosa IR, with a lure to bring in more cruise passengers. They also partnered Universal Studios, a global brand name, to clinch the Sentosa IR. Asian countries are seemingly interested to develop their cruise industries and this could be another factor they may rely on, as they bid for Japan and develop their Korean casino IR. Just my opinion. Vested in both counters. |
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i_love_girls
Veteran |
11-May-2014 20:17
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The japanese deal! | ||||
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Markie
Senior |
11-May-2014 19:27
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near 1.30 u can scoop a bit i guess. since there is a possible upside impending in end may/june
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i_love_girls
Veteran |
11-May-2014 18:36
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Once again, hope that it will not go less than 1.300. Life is just full of contradictions sometimes! Haha | ||||
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i_love_girls
Veteran |
10-May-2014 17:28
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The problem is it is still very stubborn!
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spore1
Supreme |
10-May-2014 17:10
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breaking out of 1.35 will likely see it goes up to $1.40
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bishan22
Supreme |
08-May-2014 19:06
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Shareholder get peanuts, the rest go to you know who. 
Genting Singapore executive chairman Lim Kok Thay took home between S$9 million and S$9.25 million last year, a more modest rise from 2012. Genting owns Resorts World Sentosa. - See more at: http://business.asiaone.com/news/top-honchos-spore-casinos-hit-pay-jackpot#sthash.E27iL4kS.dpuf
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brchkho1
Master |
08-May-2014 14:56
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Genting is keeping the money for future growth. If the dividend pay out is increased by another 2 cents, 3 cents? Happy with that? And later Genting needs money for opportunities, you will cough out even more than what you got, will you be happy later? Besides, right issues will cost Genting money to the underwriters too. If you can not win " Chung Kay" , better follow them, buy more if you can at it' s attractive level and exit at higher level. To suceed, manage your own fear and greed emotion. |
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yummygd
Supreme |
08-May-2014 14:31
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at least it is not sitting on huge pile of cash doing nothing.
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Shirleyfong88888
Veteran |
08-May-2014 14:05
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This counter only declare peanut dividend @ 0.01 cents once a yr (for so many years) although is cash rich. Whoever bought at 1.4+ Might have to wait.
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sperminator
Member |
08-May-2014 13:41
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WOW!!! 10 cents a day?! That' s alot!! How many years back was this?
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luketoh
Senior |
08-May-2014 11:13
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Really miss the good old days whereby she can jump up 10 cents per day.....Guess the BBs are weak now. |
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daffytlh
Veteran |
08-May-2014 10:18
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still no good. fair value oni 1.43. i bot 1.53 2 or 3 years ago. still losing money. how to fight with gambling company. |
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ahboii
Member |
08-May-2014 09:42
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Source: iOCBC Securities |
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ahboii
Member |
08-May-2014 09:40
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Genting Singapore (GS) made a strong start to FY14, with 1Q14 revenue jumping 24% YoY to S$828.8m, while NPAT surged 97% YoY to S$228.5m, aided by better-than-expected win percentages. However, outlook for the rest of 2014 remains somewhat more cautious, with the mass market segment likely to remain quite stagnant also expects the VIP segment to be quite dependent on the geopolitical events in Asia, especially the slower Chinese economy and upcoming Indonesian presidential election. Separately, GS updated that its expansion is on track &ndash Jeju IR should start construction in Jul and its Jurong hotel is due for a soft opening in mid 2015. While our DCF-based fair value remains unchanged at S$1.43, we are upgrading our call to BUY on valuation ground, given the recent pullback in share price. Strong start to FY14 Genting Singapore (GS) reported its 1Q14 results last evening, with revenue jumping 24% YoY and 20% QoQ to S$828.8m, or 4% above our forecast, aided by better-than-expected win percentages (VIP hold rate hit 3.0%, at the upper end of the theoretical range), which also resulted in adjusted EBITDA jumping 60% YoY and QoQ to S$400.3m (48.3% margin versus 36.1% in 4Q13 and 37.3% in 1Q13). NPAT surged 97% YoY and 63% QoQ to S$228.5m core NPAT of S$207.2m was 73% above our S$120m estimate. But outlook remains cautious Despite the record numbers in 1Q14, management remains largely cautious for the rest of 2014. For one, it is not optimistic that the mass market will have any significant growth in the next few months, mostly due to the continued strength of the SGD against the regional currencies. And for the VIP segment, GS notes that it is still heavily dependent on the region, and the outlook remains quite uncertain, citing the slowing Chinese economy as well as the presidential election in Indonesia. Nevertheless, management did reveal that it has achieved a greater diversity of VIP customers, which it also credited for its outperformance against rival MBS in 1Q14. Expansion is on-track During the call, GS updated that its JV in Jeju Island is on track &ndash it is in the process of submitting its plan to authorities and expects to get its building permits to start construction in Jul. Adds that the resort will come with 2,800 rooms and is aiming for a soft opening in early 2017. Separately, its Jurong hotel is also progressing well and projects for the 550-room development to have a soft opening around mid 2015. Upgrade to BUY with S$1.43 fair value Even though 1Q14 core NPAT met 34% of our original full-year forecast, we are only bumping up our estimate by 2%, given the still cautious outlook. As such, our DCF-based fair value remains unchanged at S$1.43. But we upgrade our call to BUY on valuation grounds. |
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sperminator
Member |
08-May-2014 09:32
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Those banks talking rubbish. They always anyhow talk one so cannot trust.. |
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