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Forglory Senior	16-Nov-2015 14:34        Forglory About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can buy at say 0.70? Hmm...
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Qanghoo Supreme	15-Nov-2015 20:41        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think situation likely to improve within the next 12 mths.  If there' s a great selldown to IPO px in the immediate days ahead, good but maybe shd not pluck yet.  There' s likely to be more selldown when Fed finally acts.  That' d be the sweet spot to cherry pick.  Vested before, kena whacked ... now hoping  for better luck, like the casino itself.    explosive2013      ( Date: 15-Nov-2015 20:36) Posted: Back to ipo price like jumbo soon.
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explosive2013 Master	15-Nov-2015 20:36        explosive2013 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back to ipo price like jumbo soon.
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Ray12888 Veteran	15-Nov-2015 18:19        Ray12888 About Contact  Quote this Post! Style: Technical   Mood: Yells: "MoneyInTheChart com / blog"
x 0   x 0  Alert Admin	Gentng is very bearish now after bad quarterly profit. Tomorrow many people will short sell it. This blog also recommend shorting it.
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winsheng0311 Member	13-Nov-2015 13:39        winsheng0311 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Genting announced mondaotry divident payout on 12th Oct, is it true? I didn' t receive the dividend, did anyone of you receive the dividend?
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FATABA Supreme	13-Nov-2015 11:05        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	What ? NEED TO CUT mgt fees and pay. Grnting has NOT perform for several qtrs.......no catalyst and solid plan for invrease revence or growth. Jeju is a long shot ....if profitable after several years. Jpan licence is talk and talk. Genting urgently need a major re-org and re strategist. MarketSensors      ( Date: 13-Nov-2015 10:49) Posted: Need to #%^*{%#^{ the management if they want to increase the director's fee again.
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MarketSensors Senior	13-Nov-2015 10:49        MarketSensors About Contact  Quote this Post!
x 0   x 0  Alert Admin	Need to #%^*{%#^{ the management if they want to increase the director's fee again.
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Octavia Supreme	13-Nov-2015 10:03        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Breakdown analysis. Genting Singapore: 3Q15 results were appalling. Net profit plunged 62% to $37.2m, as FX gains ($113m) were offset by fair value losses of investments of $71.7m, and record bad debt charges of $92.5m (2Q15: $56.6m).  Consequently, adjusted EBITDA fell 18% to $209.2m, with EBITDA margin at 32.9% (-0.6 ppt q/q).  Revenue fell 1% to 636.1m, as gaming ($451.8m, -5%) weakness was offset by non-gaming revenue ($183.9m, +10%) In gaming, VIP volumes halved y/y (-7ppt q/q), contrary to expectations that volumes would pick up at RWS, based on the MBS read through. This was as RWS did not extend much credit to Chinese VIPs. Win-rate, however, improved to 2.8% (2Q: 2.1%). VIP market share was 40%, flat q/q Mass GGR fell 6% y/y (-1% q/q) despite Genting Jurong Hotel room inventory growing by 36% since opening seven months ago. In fact, the hotel might be boosting non-gaming revenue instead, which saw 17% increase in visitations. Mass market share fell 3ppt q/q to 40%.  Looking forward, management will be less generous in extending credit to Chinese VIPs, while expects provisions to remain high until 2Q16. On that end, GENS reiterates its aim to drive visitations from ASEAN.  Soil works has begun in Jeju, the soft opening of the Resorts World Jeju is expected at end 2017. Meanwhile, management also cited its optimism for the passage of the gaming bill in Japan.  GENS is currently trading at 8.9x EV/EBITDA.
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Octavia Supreme	13-Nov-2015 09:51        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	3Q15 results missed, with adjusted EBITDA down 18% y/y to $209.2m. Net profit plunged 62% to $37.2m on revenue of $636.1m (-1%), with top-line weighed by a 5% fall in gaming revenue to $451.8m. Gaming weakness was offset by a 10% increase in non-gaming revenue, from a 17% increase in visitations to attractions. EBITDA margin fell 6.5ppt to 32.9%. Bottom line aided by FX gains of $113m, but offset by fair value losses of investments of $71.7m, and bad debt charges of $92.5. NAV/share at $0.60.
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Charlie2310 Senior	12-Nov-2015 23:09        Charlie2310 About Contact  Quote this Post!
x 0   x 0  Alert Admin	MBS eating up their market share and bad debts continue to snowball. Goldman' s TP of 66 cents might come true.  Remember the previous quarter, they releaase results, massive bloodshed.
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smartrader Elite	12-Nov-2015 22:42        smartrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	More ethical if make reasonable sum from gambling and not huge profits. Genting is providing good value-add to local entertainment and tourist attractions.
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Goldfinger Supreme	12-Nov-2015 22:29        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe this company only knows how to compete when it is a monoploy, like in Genting Highlands?  Think best to avoid until they wake up their idea, and treat minorities better and Management takes a pay cut.  Won' t be adding to my positions. Huataarrhh      ( Date: 12-Nov-2015 21:51) Posted: Really disappointed with the management at Genting! 1. Fair value loss of $130 million of available for sale financial assets this quarter! In the last quarter report, they made a loss of  $23 million on these assets, but they mentioned that (I quote) " this portfolio has been significantly reduced" .  Promise to reduce portfolio and yet  still bigger loss! 2. Impairment of trade receivables of $92 million this quarter compared to $56 million the previous quarter. Most  probably due to PRC high rollers  not paying up and never to return to Singapore again.  I  had the impression the management has been very  conservative in writing off bad debt, so I was shocked by the huge increase.  Analyst reports that are bullish on Genting are predicting that bad debt write-offs will decrease, so I think they better  tear up their estimates. There is still another $772 million  trade receivables in the balance sheet. How much  of this is going to be written off in the coming quarters? 3. Gaming IR revenue down 5% this quarter while MBS' s  earnings are up. How I wish Las Vegas Sands spin off MBS and list in SGX. Would be a better stock than Genting.
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Huataarrhh Senior	12-Nov-2015 21:51        Huataarrhh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really disappointed with the management at Genting! 1. Fair value loss of $130 million of available for sale financial assets this quarter! In the last quarter report, they made a loss of  $23 million on these assets, but they mentioned that (I quote) " this portfolio has been significantly reduced" .  Promise to reduce portfolio and yet  still bigger loss! 2. Impairment of trade receivables of $92 million this quarter compared to $56 million the previous quarter. Most  probably due to PRC high rollers  not paying up and never to return to Singapore again.  I  had the impression the management has been very  conservative in writing off bad debt, so I was shocked by the huge increase.  Analyst reports that are bullish on Genting are predicting that bad debt write-offs will decrease, so I think they better  tear up their estimates. There is still another $772 million  trade receivables in the balance sheet. How much  of this is going to be written off in the coming quarters? 3. Gaming IR revenue down 5% this quarter while MBS' s  earnings are up. How I wish Las Vegas Sands spin off MBS and list in SGX. Would be a better stock than Genting.
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MarketSensors Senior	12-Nov-2015 21:31        MarketSensors About Contact  Quote this Post!
x 0   x 0  Alert Admin	The share price of Genting will go up only when MBS buy over Genting ...damn!
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Qanghoo Supreme	12-Nov-2015 21:17        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is result that bad, other than writing having to write off 92mil receiveables?  But I think debt pile maybe way higher than Swiber' s.  bishan22      ( Date: 12-Nov-2015 21:00) Posted: Free fall to 70...... Goldfinger      ( Date: 12-Nov-2015 20:53) Posted: Time to cut Management pay to improve profitability😀
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bishan22 Supreme	12-Nov-2015 21:00        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Free fall to 70...... Goldfinger      ( Date: 12-Nov-2015 20:53) Posted: Time to cut Management pay to improve profitability😀 MarketSensors      ( Date: 12-Nov-2015 20:30) Posted: No eyes see.
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Goldfinger Supreme	12-Nov-2015 20:53        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time to cut Management pay to improve profitability😀 MarketSensors      ( Date: 12-Nov-2015 20:30) Posted: No eyes see.
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MarketSensors Senior	12-Nov-2015 20:30        MarketSensors About Contact  Quote this Post!
x 0   x 0  Alert Admin	No eyes see.
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tormater Senior	12-Nov-2015 20:05        tormater About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Disappointing result. How can they fare so badly compared to MBS?
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Goldfinger Supreme	12-Nov-2015 19:01        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	This share like yo-yo,  up down up down type of  volatility.... Qanghoo      ( Date: 12-Nov-2015 18:40) Posted: Impairment loss on receivables of 92 mil vs 40 mil in previous corresponding qtrs.  Still got anymore skeletons to clear or not that is the $mil qn.  Otherwise, can probably jeep if px collapse tmr.  Forglory      ( Date: 12-Nov-2015 18:14) Posted: Net profit down 66% Yoy...blood letting...
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