| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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Trader130
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10-Apr-2019 10:03
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Everyday 望 天 till happy 😃  
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whysoserious
Supreme |
10-Apr-2019 09:59
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Everyday drop short tilll song | ||||
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edwinjup
Supreme |
09-Apr-2019 16:07
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I don't short...lol I only know how to long....
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edwinjup
Supreme |
09-Apr-2019 15:22
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Msia departure tax... Any impact..? | ||||
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kandinsky
Master |
09-Apr-2019 15:15
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My plan is to collect dividend, use it to go for short holiday, come back from holiday and sell the stock and use the profit for second holiday year end. Genting sponsored holiday ...lol
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Trader130
Supreme |
09-Apr-2019 14:50
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Sure pass .... who don not want money 🤣 🤣 🤣
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kandinsky
Master |
09-Apr-2019 14:36
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Genting proposed dividend of 2 cents per share, waiting to be passed during AGM on 17 April. Yohoo! | ||||
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Trader130
Supreme |
09-Apr-2019 14:27
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Do nothing , get money ,
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Trader130
Supreme |
09-Apr-2019 14:26
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Likely
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kandinsky
Master |
09-Apr-2019 13:00
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Very shiok, waiting to collect dividend plus earnings from future share price hike. | ||||
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callers
Member |
09-Apr-2019 11:55
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So is it  confirmed latest by 1st week of May or end of April, Genting will XD with the 2 cents dividend?! | ||||
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Trader130
Supreme |
09-Apr-2019 09:23
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Currently, each IR has an Approved Gaming Area (AGA) of 15,000 sqm. MBS and RWS will be given an option to deploy, subject to payment of additional land costs, an additional 2,000 sqm and 500 sqm of AGA respectively. However, as the non-gaming areas will be expanded by a much larger area, the AGA as a proportion of total floor area will ultimately be reduced from 3.1 per cent to 2.3 per cent. |
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Trader130
Supreme |
09-Apr-2019 07:59
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RWS area of expansion is not proportional compared to MBS and yet they come out 4.5 Billions too .. That is why Need to ponder 🤔  
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Trader130
Supreme |
09-Apr-2019 07:50
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Precisely .. need to ask wo
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edwinjup
Supreme |
09-Apr-2019 07:16
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Why need 4.5b ?..thought around $100 plus millions to build a hotel (like genting jurong).. ....dont tell me the bulk use to buy land from govt...
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Trader130
Supreme |
09-Apr-2019 07:03
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There are also question will be ask on the division of 9 billions between MB&rsquo s and GS.. This one I am curious of   why GS HAVE to pay 4.5 Billions.. Half 🤣 🤣 🤣  
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Trader130
Supreme |
09-Apr-2019 06:18
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Down payment first .. $$ money used from last year ..This one have to ask during AGM .. I Guess coming AGM a lot of financing question will be brought up..   will GS be able to sustain in paying for the expansion , by how much ?, when ?   What are the hidden cost etc.. All the finance package .. 
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WL123456
Supreme |
09-Apr-2019 04:55
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So little or no dividend for the next few years if the profit is use to pay for expansion ? Then buy GS for ? And they need to provide a 4.5bil surety tonthe singapore government . The government don?t allow Genting to just say they will come up with the $4.5 with words . They need to provide the actual amount once the agreement is inked . Our government is not so stupid to allow GS to promise based on their yearly profit . If you don?t get what I mean , think about buying a house . You need to borrow from bank to pay the developer the lump sum before the key and title deed is release to you. The bank will then settle with you . So the government will want to see a guaranteed investment and not deal with ?what if GS cannot commit the monies required as their profit have fallen? kind of scenario . The government already give their undertaking to renew their licence till 2030 with now new licence being offered during this period so GS have to commit the $4.5 nil soon once the agreement is is signed .
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Trader130
Supreme |
09-Apr-2019 04:38
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I think we can ask them at AGM whether they need to Issues rights but I doubt so .. The GS treasures already stated few days ago they will going to use the yearly 700-1000 millions profits yearly for the expansion so no issue on this .. Unless during half -way , casino business profit drop by 50%!which I also do not think so because people gaming bad habits will not quit. As for the government predictive numbers, it is ok .. Businesses do projection on their future earning .. if the expansion of resort can draw more tourist, it will help in Singapore economy . Our citizen may get freebies in future ,eg gst credit ,Tax rebates, electric bill rebates etc .. no matter what government will need to help push the Sg evonomy by hook or by crook 🤣 🤣 🤣
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WL123456
Supreme |
09-Apr-2019 03:27
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I can assure you there will be a need to raise cash for GS. They do not have the necessary cash for the expansion . Their current cash on hand is about $3 billion and they need to provide a guarantee to the government about the commitment of $4.5b in contractual terms ( meaning they need to provide a sort of Bankers guarantee of this amount ). There is almost a certain rights issue as this is the cheapest way to get funds , which means share dilution. ( my off hand calculation by my team suggest GS will be trading around 70c to 80c ex rights . Otherwise any other forms of fund raising will result in having to cough out cash from operating to repay interest either on bonds or loans . And news are flowing from overseas gaming analyst that with the increase competition for gamblers from Vietnam , Japan and especially Macau in 2020, it is not certain that GS can recoup this $4.5bil. As for why MBS and GS has to put up the $4.5bil investment , one famous gaming analyst put it :
The two casino are left with no choice as turning down the expansion plan from the Singapore government means they will will have to deal with one or two more new casino licence being awarded and there is no guarantee that their application for casino licence will be renewed without agreeing to new terms or conditions set by the Singapore government. In short they are held at ransom by the Singapore government : either you agree to my $4.5bil plan or you risk renewing your licence at the expense of new terms with additional competition . As for all the attractive figures up by the Singapore government , the analyst quoted : The agreement has been inked so the singapore government will have to play their role and hype up their predictive numbers . It?s just pure speculation about how many visitors will visit Singapore and how many will actually visit the casino for the purpose . Anyway , both MBS and GS is now rated underweight and more so for GS as MBS parent company could afford the 4.5bil bill but not so for GS. Just sharing my opinion. EOD.
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