| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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AhLiang
Elite |
17-May-2019 10:30
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I am not vested but I have been watching this counter for a long time because I intend to enter it at the right time one day. No offence : I think the retail players are fighting with a BB or a group of BBs with very deep pockets. Unless the retailers can act in concert, which is not possible, there is no way to beat them. Now BBs want it down, and everyday they created mini dead cat bounces to lure the small players to add and then push it down the next day. For your consideration on your actions. | ||||
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kandinsky
Master |
17-May-2019 10:27
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My holding is only 30 lots, can wait a while more before loading.
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gravity8888
Supreme |
17-May-2019 10:26
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Waiting at 88 | ||||
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vivacious
Supreme |
17-May-2019 10:25
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why still selling ah... | ||||
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Starship
Supreme |
17-May-2019 10:17
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Genting Singapore independent director Koh sells all his shares &mdash as is his usual practice By: Chan Chao Peh 20/05/19, 07:30 amSINGAPORE (May 20): Genting Singapore independent director Koh Seow Chuan has been a board member since 2008. However, judging from his past behaviour, the retired renowned architect prefers not to hold shares in the company. According to a May 13 filing with the stock exchange, Koh sold all his 125,000 shares on May 10. The shares were awarded to him less than three months ago as part of the company&rsquo s performance share scheme for its board of directors and employees. Koh sold the shares on the open market for $116,250, which translates into an average price of 93 cents a share. As he also received a dividend of two cents a share (Genting shares went ex-dividend on May 2), his total gain was 95 cents apiece. Koh received the shares on Feb 22. Based on the day&rsquo s market closing price of $1.07, they were valued at $133,750. Koh is a leading name in the local architectural circle and founder of DP Architects. His masterpieces include the iconic Esplanade &mdash Theatres on the Bay. He retired from the firm in 2004 and was first appointed to Genting&rsquo s board on May 12, 2008. Incidentally, this is not the first time Koh has sold all his Genting shares shortly after he was given them by the company. On April 18, 2018, he sold all 125,000 shares he held then for $148,750, or $1.19 each, just over a month after receiving them under the company&rsquo s 2018 performance share scheme. Based on the March 5, 2018 closing price of $1.15, those shares were worth a total of $143,750. If Koh had waited two more weeks, he would have made another two cents a share &mdash the shares went ex-dividend on April 30. Similarly, in 2016 and 2017, Koh sold all the shares awarded to him at various points in time. The quantum of shares awarded to Koh in February this year was the same as the other independent directors. Tjong Yik Min, Jonathan Asherson and Carolina Chan Swee Liang were also given 125,000 Genting Singapore shares each. Two non-independent directors were given more shares &mdash Lim Kok Thay, the company&rsquo s executive chairman whose family controls the Genting conglomerate, was given 750,000 shares Tan Hee Teck, who is also Genting Singapore&rsquo s president and chief operating officer, was given 2.25 million shares. Genting Singapore&rsquo s shares closed on May 16 at 90 cents, down 7.7% year to date. At this level, Genting Singapore has a market value of $10.85 billion and is trading at 14.59 times historical earnings and 15 times forward earnings. The company&rsquo s key operating asset is the Resorts World Sentosa integrated resort (IR). A decade after its launch, RWS will soon start on a massive expansion and refurbishment programme that costs $4.5 billion. For FY2018 ended Dec 31, Genting Singapore reported earnings of $755.4 million, up 10.2% from the previous year. Revenue in the same period increased from $2.39 billion to $2.54 billion. For 1QFY2019 ended March 31, the company reported earnings of $205.5 million, down 5% y-o-y. Revenue in the same period was similarly down 5% y-o-y, to $640.4 million. The drop can be attributed to the 8% y-o-y decline in gaming revenue during the quarter, from $467.3 million in 1QFY2018 to $430.2 million in 1QFY2019. Non-gaming revenue, meanwhile, held steady &mdash up 1% y-o-y to $209.3 million. Genting Singapore is in the process of preparing to submit proposals to the various Japanese cities keen to set up similar IRs following changes to the law last year that allows casinos to operate. https://www.theedgesingapore.com/print-edition/genting-singapore-independent-director-koh-sells-all-his-shares-%E2%80%94-his-usual-practice |
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vivacious
Supreme |
17-May-2019 10:17
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89c...aiyo.....LOAD!! | ||||
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SAVIORFOREVER
Supreme |
17-May-2019 08:14
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Wait until they get the Japan licence first.
Trade with awareness |
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Qanghoo
Supreme |
17-May-2019 07:19
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CEO also implied that the sg cash pile wld not be used for jepun ir if won - he said they wld borrow in yen where the borrowing cost is extremely low. What helps is the extremely loose monetary policy being deployed by the BOJ which is not likely to change anytime soon.
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kandinsky
Master |
16-May-2019 23:51
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Yah I read they are not getting from shareholders
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pkli899
Supreme |
16-May-2019 22:58
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Yes, the existing cash of 3.6B will be used but will not be enough. The shortfall they will borrow in Japan, to capitalise on the extremely low interest rate there. Chairman Lim said not getting from us. So no diluting of our holding.
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Trader130
Supreme |
16-May-2019 21:21
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If I were the boss of GS , first I will use shareholder equity, follow by term loan , then lastly is C& E😭 😭 😭
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Trader130
Supreme |
16-May-2019 21:18
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I Guess they are already using now 🤣 🤣
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SAVIORFOREVER
Supreme |
16-May-2019 18:50
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Once get Japan licence.
Will they use their cash pile or get money from shareholders to build the casino? Trade with awareness |
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Dreamer_1234
Senior |
16-May-2019 18:08
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Stop waiting... Cos it will never happen!!!
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Trader130
Supreme |
16-May-2019 17:44
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I am waiting for it to go as Low as 68 cents ... nothing is impossible.. everything keep changing .. if our mindset do not change , the the price will change
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pkli899
Supreme |
16-May-2019 17:18
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After casino opened, lowest ever was around 70 cents. Never say never, though I really hope it doesn' t. |
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Trader130
Supreme |
16-May-2019 16:26
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Inauspicious Loh .. Casino very particular on this
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curious_moo
Master |
16-May-2019 16:05
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licence is licence mah, share price is share price lol.. if 88 reach is for pple like us who very gangdang one to come in and buy.. good for us good for the company =)
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Trader130
Supreme |
16-May-2019 15:51
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If break then licence can forget Liao... inauspicious
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Trader130
Supreme |
16-May-2019 15:49
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88 is unbreakavle 🤣
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