| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Artiivision - Buy
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fuzzyshares
Veteran |
12-Aug-2021 16:07
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so is to gonna be Abba's The Winner Takes It All
or Lionel Richie's Sail On?
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fuzzyshares
Veteran |
12-Aug-2021 15:56
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was a gradual selldown but saved by the covid relieve measures, analysts tried to give it a boost but to little or no avail, so now left with little to do but wait for the fat lady to sing ... la la la | ||||
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pkli899
Supreme |
12-Aug-2021 15:37
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Nobody got clear picture......all sideline.
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ttworld
Member |
12-Aug-2021 15:36
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wanted to get some of this but always unsure what price to enter... any advice? |
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Goldfinger
Supreme |
12-Aug-2021 15:28
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So quiet...... before the storm or the sunshine. LOL - wonder what' s up with the results this evening... almost like a non-event. | ||||
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Eddyson
Senior |
11-Aug-2021 14:27
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No, only analysts project so far, hope for 0.5 cts divident.
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Goldfinger
Supreme |
10-Aug-2021 23:21
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Any projections for the results which will be released on Thursday? | ||||
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Eddyson
Senior |
10-Aug-2021 22:29
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Dull quarter for MBS and RWS, but ' buy' Genting Singapore: UOB Kay HianJovi Ho Published on Wed, Aug 04, 2021 / 1:55 PM GMT+8 / Updated 6 days ago.
UOB Kay Hian Research analysts Vincent Khoo and Jack Goh are maintaining &ldquo overweight&rdquo on the gaming sector in Singapore, with Marina Bay Sands (MBS) delivering a lacklustre quarter yet again and Resorts World Sentosa (RWS) expecting a &ldquo similarly dull&rdquo outlook. &ldquo While we remain confident that Singapore&rsquo s casinos are poised for a better recovery in 2H2021, near-term sentiment in the sector will be impacted by the Covid-19 outbreak identified at MBS in July,&rdquo write Khoo and Goh. In a July 22 note, Khoo and Goh are maintaining &ldquo buy&rdquo on Genting Singapore, which owns RWS, with a target price of $1.08. &ldquo The stock&rsquo s 15% retracement from this year&rsquo s peak provides a good buying opportunity and we expect the market to look beyond the temporary earnings weakness and towards an improving momentum in the regional Covid-19 vaccination exercise in 2H2021 which will eventually lead to borders reopening. Our valuation also assumes Genting Singapore&rsquo s Japan integrated resort (IR) bid would not materialise,&rdquo write Khoo and Goh. For MBS, 2QFY2021 gross gaming revenue (GGR) softened q-o-q from a seasonally strong 1QFY2021 and amid a tightened circuit breaker. Las Vegas Sands&rsquo (LVS) 2QFY2021 results revealed that MAS&rsquo adjusted EBITDA eased 22.2% q-o-q to US$112 million. That said, Khoo and Goh note that the y-o-y comparison is not meaningful as MBS operated for only one week in 2QFY2020 due to the country&rsquo s circuit breaker. On a q-o-q basis, MBS&rsquo 2QFY2021 net gaming revenue declined 26% q-o-q to about 50% of pre-pandemic levels. On a constant currency basis (in Singapore dollars), 2QFY2021&rsquo s mass market (table and slot) GGR rose 1,610% y-o-y but shrank 22% q-o-q. VIP GGR fell 53% q-o-q in 2Q21, amid Singapore&rsquo s border closure and travel impediments that largely reduced international tourist patronage. RWS is expecting a similarly dull 2QFY2021, write Khoo and Goh. Like MBS, the local-dependent RWS is expected to deliver a q-o-q weaker GGR in 2QFY2021. 1QFY2021 GGR was at 55% of pre-pandemic levels. The sector, like many others, faces a temporary setback as Covid-19 cases flare up in Singapore, with Phase Two (Heightened Alert) in place until Aug 18. MBS is closed from July 22 to Aug 5 after a Covid-19 cluster was detected there. &ldquo Consequently, we are reviewing our forecasts for the sector to reflect stricter social distancing measures (cutting operating capacity to 50%), and a 21-day quarantine for inbound travellers,&rdquo write Khoo and Goh. &ldquo Nevertheless, we remain confident that Singapore would emerge swiftly from Phase Two given its disciplined approach (as seen last year), and with wide dispensation of vaccines. The government is expecting 5.7 million citizens to be vaccinated by 3Q2021. This will allow both MBS and RWS to swiftly achieve 70% of pre-pandemic EBITDA,&rdquo they add. As at 1.54pm, shares in Genting Singapore are trading 0.5 cents higher, or 0.63% up, at 80.5 cents. |
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Goldfinger
Supreme |
10-Aug-2021 13:33
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Frankly, I think shareholders win whether they win or lose Yokohama. A win would be a shocker not anticipated by the market. A " lose" would be the almost SGD4billion of free cash reserves would be freed up for another cheaper acquisition in either Vietnam, Cambodia etc, or even better, returned to shareholders in dividends or share buybacks. Either way, the reopening of the SG economy, greater attraction capacity, F& B and relaxing of border restrictions will be very good for Genting RWS. This is what you call a certain one way up bet. (To me at least). Already vested.
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PhillipTan
Supreme |
10-Aug-2021 12:10
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MBKE bets pro-IR incumbent to win Yokohama mayoral race, keeps " buy" call on Genting SingaporeMaybank Kim Eng analyst Yin Shao Yang has kept his " buy" call and $1.16 target price on Genting Singapore,Mayoral elections are round the corner in Yokohama, where Genting Singapore is in a joint venture to bid for its next big project. Now, even as the majority of candidates are opposed to having the IR, Maybank Kim Eng analyst Yin Shao Yang is for now keeping his " buy" call and $1.16 target price on the stock. According to Yin in his Aug 9 note, public sentiment in Yokohama does not favour having the IR. However, with the anti-IR camps split, the pro-IR incumbent " may just win" . " If this were to happen, we maintain our view that Genting Singapore-Sega Sammy will prevail in the Yokohama IR request for proposal process. In our view, there is little downside risk as we gather that the market has not imputed any upside potential from a Yokohama IR," notes Yin. Out of the eight candidates in the run for the Aug 22 election, six are anti-IRs and the remaining two for. " That said, pundits reckon that there are only five candidates that carry real heft," writes Yin, listing Fumiko Hayashi, the pro-IR incumbent, as one of these five. " Channel checks reveal that if Ms Hayashi prevails, the winner of the Yokohama IR RFP process will be announced soon after," adds Yin, whose $1.16 target price is based on a discounted-cash-flow model that includes a 30 cents per share contribution from a 50% ownership of the Yokohama IR. Genting Singapore close Aug 6 at 79 cents, down 0.63% for the day and down 8.14% year to date. |
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Goldfinger
Supreme |
06-Aug-2021 19:20
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Hang on peeps - tonight' s earlier than expected easing of restrictions will change the dynamics for everything next Tuesday. Significant easing to F& B, casino capacity and entertainment, and travel to follow in September. All bets are on the table now..... | ||||
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Lobster
Elite |
06-Aug-2021 18:51
Yells: "Even Adam Khoo believes in the Black Market!" |
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Next week, maybe after Friday the 13th, I will resume my " coverage" on Genting. The sampan boat people better don' t offend the black market people. If they want to ride on them. |
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mchua71
Senior |
06-Aug-2021 17:11
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Chart lower lows pattern. Does not look good. | ||||
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newbie19
Supreme |
06-Aug-2021 15:56
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Wow.....
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pkli899
Supreme |
06-Aug-2021 15:42
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Oh is it? I didn' t go to RWS. I went MBS couple times and business look good. Especially the high end dinning establishments. I went one on a weekday night and it was full house.
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ETLee8
Master |
06-Aug-2021 15:36
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Do not expect any good results. The whole RWS very few people there. Major impact lah.
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pkli899
Supreme |
06-Aug-2021 15:28
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Sorry, missed your question. Yes, about a week ago. MBS made respectable profit. I expect GS too. That' s why hoping for interim dividend like u.
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Goldfinger
Supreme |
06-Aug-2021 13:32
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Do not need $1, just want my 4cents per year dividend (pre-COVID) restored... haha.
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Goldfinger
Supreme |
06-Aug-2021 13:31
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No one here holding out any hopes for Genting results next week? LOL..... I am a little itsy bit hopeful for some interim dividend. Even 0.5cents would be appreciated.
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coolbear123
Senior |
06-Aug-2021 10:52
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For sure. It will continue drifting down for a few more cents.
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