| Latest Forum Topics / Genting Sing Last:0.61 -- |
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Genting SP Next Move
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huathuat88888
Elite |
26-Feb-2019 10:22
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Reasons very simple.
My holdings are bought at 86.5 to 94.5 cts. I sold 10% yesterday to check counter biying party. It is Ang Mo Funds buying. They are doing shake-flush-buy think accumulate for coming CASINO IR BIDDING HYPE.
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vivacious
Supreme |
26-Feb-2019 10:00
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slippery slope towards $1 and below | |||||
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Gencasino
Senior |
25-Feb-2019 23:06
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Target Price*S$ 1.54
Recomendation**BUY
Market Cap*S$ 13370m
Bloomberg CodeGENS_SP_EQUITY
Publication Date2019-02-22
Our ViewsTrading below -1SD EV/EBITDA. We maintain our BUY call on Genting Singapore (GENS) with a revised TP of S$1.54. While GENS&rsquo share price has partially recovered from the correction in 2H18 which was caused by fears over slowing gross gaming revenues (GGR) in Macau and potential slowdown in China which in turn will negatively affect GENS&rsquo VIP business, we believe the majority of these concerns have been priced in as GENS still trades on an EV/EBITDA of 7.7x, below -1SD EV/EBITDA of 8.6x. |
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Gencasino
Senior |
25-Feb-2019 23:04
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Probably panic and hoping to pick up cheap cheap later. All of us here in this forum cannot move the share price either way..so do your research and buy or sell at your own risk. My reasons for buying and holding mid term are dividend, good results, strong cash flow position and balance sheet. DBS research call at 1.54. Read all the research reports, average price calls in the mid 1.30s. I will hold for Japan action, to test 1.80 | |||||
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FaceTheFact
Member |
25-Feb-2019 22:18
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Your decision changed in 3 hours. Any reasons? =============== huathuat88888 ( Date: 25-Feb-2019 10:52) Posted:
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Trader130
Supreme |
25-Feb-2019 22:17
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😁 🤣 🤩
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Trader130
Supreme |
25-Feb-2019 22:16
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This is nice
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alexchew
Master |
25-Feb-2019 14:13
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why sell
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huathuat88888
Elite |
25-Feb-2019 14:09
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Sold at 1.06.
Loss of 1 cts + comms. Will rebuy when opportunity arises. |
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huathuat88888
Elite |
25-Feb-2019 11:03
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World?s Biggest Operators Circle Osaka as They Prepare to Scrap for Casino License
Osaka is emerging as the favored destination for a Japanese integrated resort among many of the world?s biggest international casino operators
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huathuat88888
Elite |
25-Feb-2019 10:52
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If ang mo make it dip , any dip is a buy.
Reason very simple : buy for JAPAN IR when bidding starts , casino stocks very hot
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huathuat88888
Elite |
25-Feb-2019 10:47
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Very obvious.
Ang mo BBS controlling this stock. |
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maccer
Master |
25-Feb-2019 10:09
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Lai.....liao... |
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Goldfinger
Supreme |
23-Feb-2019 11:41
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I am hoping for Universal to open a Harry Potter World in RWS. The one in Orlando I just went is awesome. | |||||
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Gencasino
Senior |
23-Feb-2019 10:49
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Markets are sometimes senseless. Next quarter results and Japan casino development are in the pipeline. My guess is that genting will trade in the range of 1.60 to 1.80 by end of 2019 | |||||
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Trader130
Supreme |
22-Feb-2019 15:34
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I Guess got chance GS drop below $1 | |||||
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mn_888
Senior |
22-Feb-2019 15:30
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Genting Singapore's outlook unmarred by slight earnings disappointment, according to analysts
By: Michelle Zhu 22/02/19, 12:50 pm SINGAPORE (Feb 22): Maybank Kim Eng, OCBC Investment Research, RHB Research and CGS-CIMB Research are maintaining their ?buy? calls on Genting Singapore (GENS) with the respective target prices of $1.26, $1.31, $1.22 and $1.28. This comes after GENS?s latest set of FY18 financials fell slightly short of, or came in at the lower-end of the first three research houses? expectations as they did consensus estimates, even as the group?s full-year earnings grew 10% to $755.4 million from $685.6 million a year ago. In a Friday report, Maybank analyst Yin Shao Yang says he has trimmed core net profit estimates by 8% per annum due to higher depreciation & amortisation (D&A) forecasts, as GENS?s FY18 earnings came in at the lower-end of expectations due to higher-than-expected D&A. Nonetheless, he continues to project a modest FY19 RWS VIP volume growth of 5% y-o-y, and RWS mass market gross gaming revenue (GGR) growth of 5% y-o-y, as opposed to FY18?s 23% and 2% growth, respectively. ?Investors ought to buy GENS to ride on its Resorts World Sentosa (RWS) renovation/expansion plan that will be released in 1H19 and potential expansion into Japan, where bidding will begin in 2H19,? says Yin. Likewise, OCBC?s Carmen Lee continues to see value in the stock as at its Feb 21 closing price of $1.11 ? although she notes that impairment of trade receivables has been increasing sequentially since 1H18, and has lowered her FCFE-based fair value estimate to $1.31 from $1.39 previously after making adjustments accordingly. ?Going forward, management plans to exercise caution in extending credit to VIP customers. While we keep an eye on macro-economic certainties ahead and the potential impact on gaming revenues, we see value in the stock as at 21 Feb?s closing price [of $1.11],? says the analyst. RHB has trimmed FY19-21 projections by 7-11% after imputing a more conservative VIP growth assumption in view of regional competition higher depreciation cost and higher provisions for trade receivables. The research house nonetheless remains positive on GENS for its credit extension strategy and marketing efforts, which it believes has led to a gain in VIP market share and supported the group?s topline growth, mainly driven by customers from Southeast Asia. Going forward, it expects the group?s market share to be sustained at current levels, considering its increased prudence in granting credit to VIP players. ?As the group incurs higher depreciation cost moving forward, we believe this signals that its RWS rejuvenation plans are around the corner,? says RHB. Meanwhile, CGS-CIMB analyst Cezzane See?s high-conviction ?add? call comes after raising FY19-20F earnings per share (EPS) by 6.4-8.8%, as the group's FY18 earnings came in line with estimates. Her unchanged target price of $1.28 is now based on 9 times EV/EBITDA as she rolls forward to CY20F, which is close to the stocks? five-year historical mean of 9.3 times. Despite ongoing global uncertainty, See believes GENS? earnings will remain steady in FY19 considering its management?s strategy to selectively keep its credit lines open, as well as positive sentiment on additional room capacity at new hotels to open at Sentosa, which could result in more footfall and in turn, benefit RWS. ?Potential re-rating catalysts are higher gaming revenues and margins. Downside risks are lower gaming revenues, higher trade receivable provisions and failure to secure any Japan opportunities,? says See. Shares in GENS were down by 4 cents at $1.07 before the midday trading break, or 1.54 times FY19 book value according to Maybank estimates. |
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Trader130
Supreme |
22-Feb-2019 15:02
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Today XD ah 🤣 🤣 🤣
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SgYuan
Supreme |
22-Feb-2019 14:20
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Recount
- there are 2 ew and may not link. ew1 w0 86.5 w1 88 w2 86 w3 96.5 w4 91.5 w5 104 wa 96 wb 103 wc 95 up 18.5 dn 9 corr 48.5% ew2 w0 95 w1 99 w2 96 w3 112 w4 104 w5 113 wa 106 wb 112 wc?106 up 18 dn ?7 corr 39% if corr 50% delta 9 tgt 104
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trademaster
Supreme |
22-Feb-2019 12:58
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Yah...u are right. Thought very good news, yet genting price drop so much. Retailers buy thinking it is good they sell. And they want retailers to sell ezion while they buy.
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