Latest Forum Topics /
Genting Sing
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Genting SP Next Move
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pkli899
Supreme |
03-Jul-2019 21:49
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Agree...
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AhLiang
Elite |
03-Jul-2019 21:13
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My opinion why GS is responsible for the Japan project is that traditionally Singapore has been a cash-cow for Genting Group. How did Star Cruise grow to be World Number 3 cruise company? - With Singapore's gamblers' money from its very first and only ship Star Aquarius based permanently in Singapore and it grew from here! . Why is there no Singapore cruise company after so many years since Star Cruise was here? (there was one - Sun Cruise but the company name cannot be used anymore because it was bought over by Star with the agreement so dictated). Now history is repeating. | ||||
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AhLiang
Elite |
03-Jul-2019 20:40
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Why is GS not the Group bidding for the Japan casino? Any hidden meaning for it?
With so much of uncertainties and the expected forthcoming bad results, I think the only direction is down. Is there anything good in the horizon? Yes - : technical rebounces and shorts coverings. Now with Ang Mo bad-mouthing (and probably shorting too), don't fall in love with this company. Do say I bad-mouth. I alone cannot move GS shares. Just as Fatpanda alone cannot move Gold. |
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Trader130
Supreme |
03-Jul-2019 19:45
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Do not be overwhelmed by this ... Ut depends on major BB but they will not let it go straight high.. That is 1000% sure🤭
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Qanghoo
Supreme |
03-Jul-2019 19:27
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Then hoot more lor.  Long term, with or without Japan, if GS can demonstrate its ability to continue to generate NPAT of 1 bil or therabouts, minus Japan, I' m quite sure mkt wld price it > 1$.
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Trader130
Supreme |
03-Jul-2019 19:13
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Btw bidding still far till last 2 weeks then Kanchiong 🤣 🤣 🤣 take a break now 
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Trader130
Supreme |
03-Jul-2019 19:11
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哈 哈 哈 哈 👋 👋 👋 👏 👏 👍
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pkli899
Supreme |
03-Jul-2019 18:53
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Please go ahead......soonest best! Thank you.
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pkli899
Supreme |
03-Jul-2019 18:52
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![]()
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TANPK123
Elite |
03-Jul-2019 18:09
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If bid fail. Drop lor
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JesseTyler
Veteran |
03-Jul-2019 17:28
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Well, ended today within $0.885 to $0.915, will still retain the target $0.82 to $0.88 for this week and next week.
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Trader130
Supreme |
03-Jul-2019 16:48
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This JP Morgan came out again ... But I pity those who follow their advise.. But still I am out for a while till then 086 .. 👋 👋 Bye!
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Starship
Supreme |
03-Jul-2019 16:43
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New casinos in ASEAN a risk to Singapore: JP Morgan   Jul 03, 2019 New, high-quality casino resorts in the Philippines and Cambodia are more likely to be a commercial threat to Singapore&rsquo s casino duopoly than to Macau&rsquo s six-operator oligopoly. That is the suggestion of a 99-page report from banking group JP Morgan Chase and Co, citing proprietary research and publicly-available sources of data. &ldquo Chinese nationals drive the largest share of gaming demand in Asia, especially VIP demand. Thus proximity to China and leveraging marketers (junkets) becomes important,&rdquo said the document, prepared by five JP Morgan analysts that cover variously the Singapore, Macau, Malaysia and Philippines consumer markets. Singapore&rsquo s disadvantages included its regulatory environment, and greater travelling distance from key feeder markets on the Chinese mainland, suggested the authors. It is however precisely the level of social safeguards in Singapore against problem gambling &ndash and other social ills that have been associated with hosting a casino industry &ndash that has attracted Japanese lawmakers and other decision-makers to adopt what they term the &ldquo Singapore model&rdquo in developing Japan&rsquo s fledgling casino industry. JP Morgan said in its report: &ldquo Over the past five years, we have seen only a 1.6-percentage points [pps] shift in overall Chinese gaming spends, away from Macau and in favour of other markets.&rdquo The authors added: &ldquo Macau still drives almost 92 percent of total gaming spends by Chinese nationals.&rdquo Referring to the Association of Southeast Asian Nations (ASEAN), a regional club of nation states, and to consumer casino gambling spend at venues within the bloc, the researchers stated: &ldquo The gains in ASEAN have been in favour of the Philippines (1.1pps) and Cambodia (1.5pps), while Singapore has lost 1.7pps of the share of Chinese gaming expenditure.&rdquo &ldquo Manila (and the Philippines) is almost equally attractive economically for many Chinese travellers versus Hong Kong/Macau,&rdquo the authors added. The Philippines might also appeal to Chinese gamblers that want to &ldquo avoid being seen in Macau due to  increased government oversight&rdquo , suggested JP Morgan. Referring to gross gaming revenue (GGR), a measure of casino industry performance, JP Morgan stated: &ldquo Given the much larger size of the Macau market versus Singapore (8  times), incremental shifts in Chinese demand are expected to have larger effects on Singapore versus Macau&rdquo The authors further noted of Singapore&rsquo s next-door neighbour to the north, which has a monopoly casino operation, Resorts World Genting, run by Genting Malaysia Bhd: &ldquo Malaysian regulations are less cumbersome, but local Muslims (61 percent of the population) are restricted to enter casinos and  recent tax hikes  increase risks of further taxation, highlighting the government&rsquo s relatively less favourable view on the sector.&rdquo The analysts added referring first to mass-market gamblers: &ldquo Apart from mass, even within VIP, regional casinos&rsquo direct outreach to gamers &ndash as product quality improves &ndash would affect Singapore negatively.&rdquo GGRAsia reported this week that major Macau junket firm Suncity Group currently  had nearly halfits 31 VIP gambling clubs outside the Macau market, in other parts of the Asia-Pacific region. Singapore does not permit Macau-style junkets, albeit that in Macau such promoters are licensed by the Macau government. Singapore only permits the use of third-party promoters that are licensed under its stringent international market agent framework. It has been widely anticipated by industry observers that Japan also will not permit Macau-style junkets. http://www.ggrasia.com/new-casinos-in-asean-a-risk-to-singapore-jp-morgan/ |
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Trader130
Supreme |
03-Jul-2019 16:23
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🤭 🤭 🤭 🤭
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Liquified
Member |
03-Jul-2019 15:58
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Its is likely that this coming quater results will be hit with the increase of levy to $150 comes to full play. Think the only salvation for this counter is the japan bid. With no concrete signs that genting is in the lead for the bid, everything is hazy. If bid fails? Whats plan B? | ||||
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troxxy
Senior |
03-Jul-2019 15:57
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boat too heavy, time to revisit 855 | ||||
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jackblack
Member |
03-Jul-2019 15:43
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what is happening to this counter? | ||||
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IRONMAN73
Member |
03-Jul-2019 15:34
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WHAT HAPPEN TODAY?  | ||||
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ahhuat08
Elite |
03-Jul-2019 15:22
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apologies, i din follow this thread, may i know the resaon for todays drop, thanks in advance. | ||||
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SuperLuckyCorn
Supreme |
03-Jul-2019 15:03
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Someone know we see first...so they kan kan lai. Hmm...we say see first, but when time is ripe...we will surprise them.
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