| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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[SG50]
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03-Sep-2015 13:59
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They should give more dividend than back back ?
If support break 0.735 what next ? |
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[SG50]
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03-Sep-2015 00:20
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02 Sep 2015 05:22:42 PM General Announcement::SHARE BUY-BACK AND HOLDING OF TREASURY SHARES
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Forglory
Senior |
01-Sep-2015 18:41
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Buy back stopped kah? |
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[SG50]
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31-Aug-2015 12:16
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Don't look alike...
Unloading ahead 👌 🏻
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Berani
Elite |
31-Aug-2015 08:34
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please note RM so low now... alot of malaysian will not come SG and gamble
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happyharvest
Elite |
31-Aug-2015 01:20
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Bottom is in. Time to go up! |
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ehclim
Elite |
27-Aug-2015 10:39
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GENTING BERHAD ANNOUNCES SECONDQUARTER RESULTS FOR THE PERIOD ENDED 30 JUNE 2015
The lower revenue generated by Resorts World Sentosa (&ldquo RWS&rdquo ) in 2Q15 was due to the downturn of
the gaming industry in Asia which resulted in unfavourable global VIP premium business and rolling win
percentage.However, with cost cutting measures and a tax refund of SGD102.7 million (equivalent to
RM276.9 million), adjusted earnings before interest, tax, depreciation and amortisation (&ldquo EBITDA&rdquo ) is  comparable with 2Q14
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lwumingl
Member |
27-Aug-2015 10:10
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Crisi Investment!
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[SG50]
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27-Aug-2015 00:52
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The Stock Market Hasn't Had a Selloff Like This One in Over 75 Years
This is how wild the last few days have been. Luke Kawa August 26, 2015 ? 11:10 PM HKT Share on FacebookShare on Twitter By one metric, investors would have to go back 75 years to find the last time the S&P 500's losses were this abrupt. Bespoke Investment Group observed that the S&P 500 has closed more than four standard deviations below its 50-day moving average for the third consecutive session. That's only the second time this has happened in the history of the index. May 15, 1940, marked the end of the last three-session period in which this occurred: Bespoke Investment Group This string of sizable deviations from the 50-day moving average is a testament to just how severe recent losses have been compared to the index's recent range. "Not even the crash of 1987 got this oversold relative to trend," writes Bespoke. The money management and research firm produced a pair of analogue charts showing what's in store if the S&P 500 mimics the price action seen in mid-1940. Overlaying the axes gives the impression that the worst of the pain is behind us, and a market bottom isn't too far off: Bespoke Investment Group However, indexing the S&P 500 to five sessions prior to the tumult shows that a replication of the mid-1940 plunge could see equities run much further to the downside and into a bear market: Bespoke Investment Group If it tracked the 1940 trajectory, the S&P 500 would hit a low of 1,556 in relatively short order. But Bespoke doesn't think stocks are fated to repeat that selloff. "There is nothing, nothing, we have seen - Chinese fears, positioning, valuation, or any other factor - suggests to us that we are headed to 1556," the analysts write. "More likely, in our view, is something along the lines of the top analogue we doubt the bottom is in, but see it unlikely we enter a bear market and a true stock market crash." S&P 500 Money Management Bear Market Valuation From The Web Smartest Trading Decisions To Be Made From DBS Vickers DBS 10 Hong Kong foods you can't find in SG Skyscanner A Young Singaporean's Secret to Retiring Early in Singapore Ace Profits Academy Tiong Bahru Eating House closing down HungryGoWhere by TaboolaSponsored Links |
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[SG50]
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27-Aug-2015 00:37
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Menu Search Genting Outlook Boosts Bets Against the House: Southeast Asia Jonathan Burgos November 27, 2014 ? 12:00 AM HKT Updated on November 27, 2014 ? 5:28 PM HKT Share on FacebookShare on Twitter Visitors head towards the casino at Genting Singapore Plc's Resorts World Sentosa, in Singapore. Genting?s third-quarter net income dropped to S$97.4 million from S$193 million a year earlier. Photographer: Munshi Ahmed/Bloomberg Visitors head towards the casino at Genting Singapore Plc's Resorts World Sentosa, in Singapore. Genting?s third-quarter net income dropped to S$97.4 million from S$193 million a year earlier. Photographer: Munshi Ahmed/Bloomberg Nov. 27 (Bloomberg) -- Analysts are the least optimistic about Genting Singapore Plc in a year as slumping casino revenue from high-rollers curbs earnings prospects for the second-worst performing stock on the city?s benchmark gauge. The difference between Genting?s share price and analysts? predictions for where it will be in 12 months narrowed yesterday to the least since December 2013, according to data compiled by Bloomberg. Twelve-month average price targets dropped to S$1.24 from S$1.55 a year ago, compared with a closing price of S$1.155 yesterday. While more than half of analysts still have buy ratings, at least nine of the 21 covering the stock cut forecasts after the casino operator this month reported a 50 percent plunge in quarterly profit. A 12 percent rally in the stock since the start of a share buyback on Nov. 13 through yesterday will be short-lived, according to CLSA Asia Pacific Markets. Genting is down 24 percent this year as casino receipts tumbled on a slump in Chinese visitors, the biggest source of revenue. The shares trade at 22.8 times estimated earnings, compared with Macau gaming companies such as Sands China Ltd. at 18.1 times and Galaxy Entertainment Group Ltd. at 19.6. ?It?s good that Genting is returning cash to shareholders but the scale of the buyback is too small to have a meaningful impact,? Richard Huang, an analyst at CLSA in Hong Kong, said by phone on Nov. 20. ?Genting?s valuation isn?t that attractive compared to the Macau casinos. The company won?t have very exciting growth for the next few years because casino revenue in Singapore isn?t growing and the new casino projects in South Korea and Japan haven?t started.? Casino Projects When announcing quarterly results on Nov. 11, Genting said it and partner Landing International Development Ltd. are waiting for government approval to start building their proposed $2.2 billion casino resort on South Korea?s Jeju Island. The company is also waiting for Japan?s decision on whether to allow casinos. Prime Minister Shinzo Abe dissolved parliament last week as he prepares for elections. The downside for Genting appears limited as the share buyback provides support for the stock in the short term, according to Macquarie Funds Management. Genting was authorized by shareholders to repurchase as much as 1.22 billion shares, or 10 percent of its outstanding stock, in April. The company only started the program on Nov. 13, a day after the shares sank to a four-year low. Through yesterday, the company spent S$63.8 million ($49 million) buying back 58.6 million shares, the latest regulatory filings show. Lee Sin Yee, spokeswoman for unit Resorts World Sentosa, declined to comment on the timing of the purchases, which were made at between S$1.015 and S$1.15 apiece. The shares slid 1.3 percent at the close in Singapore, the biggest decline in two weeks. The benchmark Straits Times Index fell 0.3 percent. House Wins ?The buyback does provide a perceived backstop for the stock,? Sam Le Cornu, senior portfolio manager at Macquarie Funds, said by phone on Nov. 20. ?That?s a sign of confidence on the part of management. They think the share price is too cheap. In the long term, the house will always win.? Genting?s third-quarter net income dropped to S$97.4 million from S$193 million a year earlier. Though it may be too early to conclude that earnings have bottomed out in the third quarter, growth will be stable in the coming quarters, supported by increasing mass-gaming market revenue and the opening of Genting?s new hotel in the western Singapore town of Jurong, according to Maybank Kim Eng Holdings Ltd. The 550-room hotel will open in the second quarter of 2015, according to Genting. The company?s 1,500 hotel rooms run by unit Resorts World Sentosa, which also operates the convention center and the Universal Studios theme park, were 95 percent filled in the third quarter, it said. Gaming Outlook ?We?re going to see very steady earnings growth going forward,? Samuel Yin, an analyst at Maybank Kim Eng in Kuala Lumpur, said by phone on Nov. 20. ?The mass-gaming market is still growing.? The continuing weakness in the VIP gaming segment, which is being dragged by the slowing economic growth in China and the government?s anti-corruption campaign, will offset improvements in the mass gaming market, according to CLSA?s Huang. Visitors to Singapore declined 3.3 percent to 10.3 million in the eight months through August from a year earlier as arrivals from China plunged 29 percent, according to the data Singapore Tourism Board. ?I will take a more wait-and-see approach on Genting,? Alan Richardson, an investment manager at Samsung Asset Management Co. in Hong Kong, said by phone on Nov. 21. ?For the foreseeable future, the profitability of the business will still deteriorate. It could take a while before fundamentals actually start to turn.? To contact the reporter on this story: Jonathan Burgos in Singapore at [email protected] To contact the editors responsible for this story: Sarah McDonald at [email protected] Jim Powell Genting Singapore PLC CLSA Ltd Singapore Earnings Richard Huang Southeast Asia China Sands China Ltd Galaxy Entertainment Group Ltd Hong Kong From The Web Smartest Trading Decisions To Be Made From DBS Vickers DBS 10 Hong Kong foods you can't find in SG Skyscanner A Young Singaporean's Secret to Retiring Early in Singapore Ace Profits Academy Tiong Bahru Eating House closing down HungryGoWhere by TaboolaSponsored Links The Stock Market Hasn't Had a Selloff Like This One in Over 75 Years This is how wild the last few days have been. Luke Kawa August 26, 2015 ? 11:10 PM HKT Share on FacebookShare on Twitter By one metric, investors would have to go back 75 years to find the last time the S&P 500's losses were this abrupt. Bespoke Investment Group observed that the S&P 500 has closed more than four standard deviations below its 50-day moving average for the third consecutive session. That's only the second time this has happened in the history of the index. May 15, 1940, marked the end of the last three-session period in which this occurred: Bespoke Investment Group This string of sizable deviations from the 50-day moving average is a testament to just how severe recent losses have been compared to the index's recent range. "Not even the crash of 1987 got this oversold relative to trend," writes Bespoke. The money management and research firm produced a pair of analogue charts showing what's in store if the S&P 500 mimics the price action seen in mid-1940. Overlaying the axes gives the impression that the worst of the pain is behind us, and a market bottom isn't too far off: Bespoke Investment Group However, indexing the S&P 500 to five sessions prior to the tumult shows that a replication of the mid-1940 plunge could see equities run much further to the downside and into a bear market: Bespoke Investment Group If it tracked the 1940 trajectory, the S&P 500 would hit a low of 1,556 in relatively short order. But Bespoke doesn't think stocks are fated to repeat that selloff. "There is nothing, nothing, we have seen - Chinese fears, positioning, valuation, or any other factor - suggests to us that we are headed to 1556," the analysts write. "More likely, in our view, is something along the lines of the top analogue we doubt the bottom is in, but see it unlikely we enter a bear market and a true stock market crash." S&P 500 Money Management Bear Market Valuation Terms of Service Trademarks Privacy Policy ©2015 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Website Feedback Help |
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[SG50]
Member |
27-Aug-2015 00:34
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Genting Outlook Boosts Bets Against the House: Southeast Asia http://www.bloomberg.com/news/articles/2014-11-26/genting-outlook-boosts-bets-against-the-house-southeast-asia |
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ehclim
Elite |
26-Aug-2015 23:48
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No secret. Indeed it is a known fact. That why they too encourage $100 levy to filter out the poor and desparate. The well to do will never go to casino. Even before you start gambling, you lost $100 already once you enter the casino.
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[SG50]
Member |
26-Aug-2015 23:39
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We chat here !
There hear there ? 😊
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Charlie2310
Senior |
26-Aug-2015 22:47
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Before the Chinese play stunt, Genting already loss-making. Now that the Chinese high rollers are going to disappear, Genting is definitely going down.  60 cents soon   |
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ehclim
Elite |
26-Aug-2015 22:35
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Yes and No. Yes, the poor and desparate will go and try their luck. Afterall, they are losers already and they will hope for the best. No, rich and well to do will not gamble away a good money.They rather take advantage of recession to go for holiday or other activities like golf, hiking, etc.
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KiLrOy
Elite |
26-Aug-2015 22:26
Yells: "I buy only what I can see." |
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During recession, will more people hoot to the casino or shun away? |
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ehclim
Elite |
26-Aug-2015 20:44
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Unless KT Lim continues to buy after GS has exhausted the buy back quota.
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[SG50]
Member |
26-Aug-2015 20:18
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0.800 | ||||
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edchai
Veteran |
26-Aug-2015 19:58
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0.70 ? |
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[SG50]
Member |
26-Aug-2015 19:02
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I know you are joking with me haha
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