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Fair price for Genting HK is US$0.45
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MichaelSchenker
Master |
04-Oct-2017 07:00
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Lim did not offer to buy out remaining minorities shares? That is really sad. Counter is not halted or suspended, business as usual. Looks like he is going to buy from the market......cheap!
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edwinjup
Supreme |
03-Oct-2017 23:46
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Think need to collect the script from cdp and transfer to hk...troublesome and hk trading not as active as sg...
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MichaelSchenker
Master |
03-Oct-2017 23:17
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Moved to Hang Seng?? See how Lim Kok Thay handle this matter.......public shareholders can only suck thumb. Lucky for me, made my exit months earlier... Good Luck to all holders, you guys really need it. |
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laksaman57
Supreme |
03-Oct-2017 22:38
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http://www.straitstimes.com/business/companies-markets/genting-hong-kong-to-delist-from-sgx | ||||
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Eddyson
Senior |
17-Sep-2017 18:12
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Genting' s World dream to set sailing from November August 30, 2017 Genting Cruise Lines will launch World Dream, Asia&rsquo s newest luxury cruise ship from Dream Cruises in November this year at her dual home-ports in Hong Kong and Guangzhou (Nansha) and provide fly/cruise options for the region with new itineraries to Vietnam and the Philippines. The newest addition, World Dream, has been conceived as a floating high-end, integrated resort at sea leveraging on the parent company Genting Hong Kong&rsquo s core expertise in both land and sea-based businesses. &ldquo Genting Cruise Lines is reinforcing our position in the Pearl River Delta Region by welcoming World Dream to begin her service with dual homeports in Guangzhou (Nansha) and Hong Kong, following in the footsteps of Genting Dream previously,&rdquo said Kent Zhu, President of Genting Cruise Lines. &ldquo Designed to cater to the growing Chinese market with tailor made facilities including quad occupancy staterooms to accommodate family travellers, World Dream will further build upon our ongoing commitment to this region which has seen Guangzhou (Nansha) evolve into China&rsquo s second busiest port and the strengthening of Hong Kong as a premier fly/cruise hub.&rdquo Upon her launch, the brand new ship will take guests on a tropical and cultural journey in Asia with specially designed voyages - 6-day/5-night cruises to Manila and Boracay in the Philippines from 17 November this year to 31 March 2018 will alternate with 6-day/5-night journeys to Ho Chi Minh and Nha Trang in Vietnam from 3 December to 14 October 2018. Her twin sister ship Genting Dream, meanwhile, will be deployed at her new homeport in Singapore with new itineraries to North Bali and Surabaya in Indonesia, as well as Kuala Lumpur and Penang in Malaysia and Phuket in Thailand. " By doubling Dream Cruises Fleet with the addition of World Dream, we are delighted to be offering our guests and valued travel partners diverse itineraries featuring new, authentic destination experiences," said Thatcher Brown, President of Dream Cruises. New itineraries in Asia World Dream&rsquo s new itinerary to Vietnam will include Ho Chi Minh City with its French colonial architecture and café loungers, Nha Trang located along the Southern Central coast of Vietnam. From Voyagers world- travel & tourism monthly |
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Eddyson
Senior |
17-Sep-2017 17:46
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World Dream Readies for her November DebutBy MarEx 2017-09-04 19:15:01World Dream, the second cruise ship being built for Dream Cruises by Meyer Werft, left the yard' s covered building dock on August 26. The ship will pass through the river Ems towards the North Sea mid September for sea trials and will be launched this November. She will have dual homeports in Hong Kong and Guangzhou (Nansha) as part of parent company Genting Hong Kong' s plan to continue to grow the Pearl River Delta cruise industry and provide fly/cruise options for the region. World Dream, the eight ship in the Dream fleet, has been conceived as a floating high-end, integrated resort at sea. The vessel has a cruising speed of 24 knots, for a market that traditionally favors compact holidays. She can accommodate 3,300 passengers in 1,680 cabins and there will be 2,030 crewmembers. Dream Cruises is unveiling a new luxury experience for guests on board sister vessels Genting Dream and World Dream. Dream Palace is a &ldquo ship-within-a-ship&rdquo enclave with 142 suites and private VIP facilities including its own swimming pool, spa, gym and dining venues. Kent Zhu, President of Genting Cruise Lines, says: &ldquo Designed to cater to the growing Chinese market with tailor-made facilities including quad occupancy staterooms to accommodate family travellers, World Dream will further build upon our ongoing commitment to this region which has seen Guangzhou (Nansha) evolve into China&rsquo s second busiest port and the strengthening of Hong Kong as a premier fly/cruise hub.&rdquo Upon her launch, the new ship will take guests on a tropical and cultural journey in Asia including six-day/five-night cruises to Manila and Boracay in the Philippines and six-day/five-night journeys to Ho Chi Minh and Nha Trang in Vietnam. Genting Dream, meanwhile, will be deployed at her new homeport in Singapore with new itineraries to North Bali and Surabaya in Indonesia, as well as Kuala Lumpur and Penang in Malaysia and Phuket in Thailand. World Dream Tonnage: 151,300 GT |
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sunter
Senior |
23-Aug-2017 02:06
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Still a pretty long way to go for genting hk to realise income from casino , l am more comfortable of the coming deliveries of the New world dream ship and the current on going one , where income will be realised soon .
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Eddyson
Senior |
22-Aug-2017 19:26
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New Manila casino resort open in 2020: Genting HKAug 18, 2017 Casino and casino cruise ship investor Genting Hong Kong Ltd said on Thursday that the Westside City Resorts World casino project in Manila is on track to open in 2020. The property will be the second casino resort in the Philippines capital in which Genting Hong Kong is an investor. Travellers International Hotel Group Inc &ndash a venture between local conglomerate Alliance Global Group Inc and Genting Hong Kong &ndash already operates the Resorts World Manila casino resort in the Philippines. Travellers International is currently developing the Westside City Resorts World in a zone called Entertainment City in Manila. &ldquo The Westside City Resorts World will be a 31-hectare [76.6-acre] property situated in &hellip Entertainment City and is projected to have at least 1,500 hotel rooms,&rdquo said Genting Hong Kong in a filing to the Hong Kong Stock Exchange. The casino scheme &ndash formerly known as Resorts World Bayshore City &ndash broke ground in October 2014 and was originally expected to be open by 2018. On Thursday, Genting Hong Kong reported a net loss of US$202.2 million for the six months to June 30, compared to a loss of US$53.6 million in the prior-year period. Despite an increase in revenue for the period, the group said costs rose much more rapidly. Genting Hong Kong&rsquo s earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first half of 2017 was a negative US$91.7 million, compared with a negative US$28.1 million in the prior-year period. Group-wide revenue for the period stood at US$532.5 million, up 22.2 percent from a year earlier. Revenue from cruise and cruise-related activities increased 22.7 percent year-on-year, to US$471.2 million in the first half of 2017. Revenue from non-cruise activities grew by 18.1 percent year-on-year, to US$61.3 million. Genting Hong Kong said its share of profit from Travellers International totalled US$2.2 million in the first half of 2017, compared with US$19.1 million a year earlier. That was &ldquo primarily due to closure of the gaming area and portions of non-gaming segment [at Resorts World Manila] for most of June 2017 following the incident on 2 June,&rdquo said the Hong Kong-listed company. Travellers International on Monday had reported a net loss of PHP311.2 million (US$6.1 million) for the second quarter of 2017. The company&rsquo s results were negatively affected by the shutdown of some areas of Resorts World Manila &ndash including the casino &ndash during the month of June, following a lone gunman attack that claimed 37 lives, mostly due to smoke inhalation. In Thursday&rsquo s filing, Genting Hong Kong said its operating expenses &ndash excluding depreciation and amortisation &ndash increased 38.5 percent year-on-year to US$477.5 million, compared with US$344.7 million in the first half of 2016. The company said the increase in costs was mainly &ldquo due to the full six months&rsquo operation of Genting Dream and Crystal Mozart, start-up costs of new Crystal river ships and AirCruises operations, and full six months&rsquo start-up and new-build activities of the shipyards in Germany &hellip as compared with its two months&rsquo post-acquisition activities in the first half of 2016&rdquo . Genting Hong Kong acquired the shipyards in April last year. Genting Hong Kong &ndash a subsidiary of Malaysian conglomerate Genting Bhd &ndash has been accelerating expansion plans for its cruise business and has developed a three-brand portfolio of cruise lines serving different parts of the market: Crystal Cruises for what it terms the ultra-luxury segment Dream Cruises for what it describes as the premium segment and Star Cruises for what it defines as the &ldquo contemporary&rdquo segment. Genting Hong Kong announced an interim dividend of US$0.01 per share, to be paid on September 29. After the reporting period, Genting Hong Kong in July sold its entire stake in Australian gaming operator Star Entertainment Ltd, expecting to record a gain of about US$67.5 million. The Hong Kong-listed firm also announced earlier this month it was reducing its participation in Norwegian Cruise Line Holdings Ltd by 3.29 percent, expecting to book a net gain of approximately US$90.1 million from the sale. |
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Eddyson
Senior |
22-Aug-2017 19:05
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21/8/17
Casinos by 2024 An issue also raised at Friday&rsquo s session was the panel&rsquo s recommendation to limit the total floor space of a casino. A business group suggested that other options should be considered, instead of a stricter limitation to casino floor, reported the Japan Times. The government of Osaka has been a strong advocate for casinos, leading the effort to ensure the region gets one of the first licences. Ratings agency Moody&rsquo s Investors Service said in a recent report that it expects casino resorts to open by 2024 in two urban locations in Japan &ndash Osaka and Yokohama &ndash and two regional areas, Nagasaki and Hokkaido. The ratings agency also said Japan could eventually generate gaming revenue of US$21 billion in 2024. &ldquo We think now is the time that investors need to understand the handful of key legislative events set to occur during the next few years, as these actions will shape Japan&rsquo s attractive integrated resort opportunity,&rdquo said Moody&rsquo s in the report, quoted by Investor&rsquo s Business Daily. Japan&rsquo s government is expected to complete its drafting of the IR Implementation Bill after analysing points brought up in the nine public hearings. Several investment analysts covering the gaming sector have said they expect the bill to be submitted to the country&rsquo s parliament in the 2017 extraordinary session starting in the autumn. The public hearings will take place until August 29. After Tokyo and Osaka, such sessions will be held in: Hiroshima, Fukuoka, Sendai, Sapporo, Nagoya, Toyama and Takamatsu in Kagawa Prefecture. |
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sunter
Senior |
21-Aug-2017 10:56
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Sometimes in company shares , l think it is nothing to do with ordinary shareholders even though company makes billions dollars in profit , like selling several times Norwegians line shares in billion dollars profit sales , if the owner never want to distribute profit , ordinary shareholders will have nothing , what's good is a company when ordinary shareholders does not benefit or enjoy the company growth and profit?
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Goldfinger
Supreme |
20-Aug-2017 19:58
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Frankly a joint bid by GENS and GENHk for a Japan casino Licence will be extremely formidable - esp for port cities like Osaka and Yokohama. This was their strategy for RWS too! None of the US casinos can bring a major cruise line to tender, unless they are willing to share the spoils.
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guiren
Veteran |
20-Aug-2017 18:51
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How much is the interim dividend ? TQ
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Eddyson
Senior |
20-Aug-2017 18:46
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The profit lost in 1st H 2017 is mainly due to the cost of construction & material in the 3 shipyard in Germany, the initial start up cost for Dream cruise, world dream, Crystal river cruise & aircraft not forgetting Zouk, The lost is also contributed by that lone gun man robbery in RWM. In yr 2020, the new Resort & casino by Travellers will be up & running in Manila bay. All these are initial one time start up cost only & once GHK stop or construct less, the profit & cash flow will began to generate & flows in. I remember during NCLH IPO in the US with, if I am not wrong 18 ships, it was planned at USD $15 per share & was changed at the last minute to USD$19.Once the listing started the price rocketed to USD$30 & from then onwards to today at USD$ 55 +. Crystal Cruise, with 2 world class cruise ship, 2 river cruise ship, 1 yacht(Star Esprit) & 1 aircraft for its fly cruise chain could very well be listed in the US if Ah Lim want to but not at 30 US cts. There will be more ships coming up in yr 2019. Lastly, in November this yr, there will be a lot of deployment for GHK cruise ship as their new ship World dream comes out from construction. For a start, Star Virgo will be deploy to Osaka via Manila/HongKong/Taiwan, World dream to Hong Kong or Guang dong & Dream Cruise to Singapore. Japan & Philippine will be their target mainly due to their offices which are already set up over there & the now Japan casino license for grab if there is one & if GHK joint hand with GSP. |
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Goldfinger
Supreme |
19-Aug-2017 12:32
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IMHO - the big fat profit numbers mean nothing if minorities do not share in the spoils. | ||||
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Goldfinger
Supreme |
19-Aug-2017 12:30
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I'm very pleased with the interim dividend - I think the family finally woke up to maximising shareholder value and rewarding minorities..same thing happening with GENS. | ||||
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Eddyson
Senior |
19-Aug-2017 12:22
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That is why this topic headline is Fair price for Genting HK is US$0.45.As there is no instituition involve & the Lim family is binded by the loan restriction of must hold at least 75%, there is only less then 25% float in the market. Most of the share holders are die hard investors, so any small amount of shareholder who turn persimistic, the share will drop drastically. I will be holding to this one untill the Japan bid comes true to see whether GHK will hold hand with GSP. Anyway, will take the dividend for yr 2016 & now another 1 US cts for Yr 2017 interim. |
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sunter
Senior |
18-Aug-2017 07:56
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I was wondering how a company like genting hk , having minimum 2 of the world biggest dream ship , a numbers of billions dollars casinos in the world and a sharing of billions dollars cruise ship in Norwegian , a fleet of shipbuilding yachts in Germany and many properties and land can be having thier share prices like peanut ,less then 30 CTS.when the owners almost held more then 75 % of the company shares in nominees or in own self , puzzling?
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unique6
Member |
15-Aug-2017 02:16
Yells: "Good time no bad stocks. Bad times no good stock? " |
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Market has a way to figure out share price. That's why still so cheap, after many stocks have move up. Staying sideline. Not vested | ||||
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junction
Master |
14-Aug-2017 16:26
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I don like the management of Genting HK. In good times they don give more dividends. In bad times, they see their price dive.
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MichaelSchenker
Master |
14-Aug-2017 09:40
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Did they mention what' s going to happen to the cash? It would be even better if they return the cash to shareholders as a form of Capital reduction. Based on past precedents, answer is no. And looking forward, they may be able to balance the book, but this also means future earnings will be affected. Unless Lim Kok Thay has a grand plan that is not revealed. Anyway, counter is up upon lifting of trading halt. Good sign to come?
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