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seanpent Supreme	16-Sep-2014 17:08        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not familiar ... but  just  curious ... Temasek does bargain hunting too, isn' t it ?    But  they do have many other viable components too ... ? enjoylife77      ( Date: 16-Sep-2014 17:02) Posted: Unlikely, especially the business comes with a casino component. seanpent      ( Date: 16-Sep-2014 16:04) Posted: will they ?
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enjoylife77 Veteran	16-Sep-2014 17:02        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unlikely, especially the business comes with a casino component. seanpent      ( Date: 16-Sep-2014 16:04) Posted: will they ? seanpent      ( Date: 16-Sep-2014 16:03) Posted: unless Temasek comes into the picture like what they did to Olam ?
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seanpent Supreme	16-Sep-2014 16:44        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	strong volume with interesting moves ... seems that from $1.095 to $1.10 can see some  nice buy ups after the 4pm period ...
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seanpent Supreme	16-Sep-2014 16:04        seanpent About Contact  Quote this Post!
x 0   x 0  Alert Admin	will they ? seanpent      ( Date: 16-Sep-2014 16:03) Posted: unless Temasek comes into the picture like what they did to Olam ? enjoylife77      ( Date: 16-Sep-2014 11:09) Posted: The hedge funds are always ahead of the retail investor.
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seanpent Supreme	16-Sep-2014 16:03        seanpent About Contact  Quote this Post!
x 0   x 1  Alert Admin	unless Temasek comes into the picture like what they did to Olam ? enjoylife77      ( Date: 16-Sep-2014 11:09) Posted: The hedge funds are always ahead of the retail investor.
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justice Member	16-Sep-2014 11:42        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	your nick speaks a lot about you and your post. Is genting making a loss now? moron101      ( Date: 16-Sep-2014 11:15) Posted: If genting still keep silent & doesn't want to defend against this report, it could be continued to sell down to 50 or 60 cents.. wake up please.. justice      ( Date: 16-Sep-2014 10:52) Posted: me too, I think that the target price of $1.00 is BS.
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moron101 Supreme	16-Sep-2014 11:15        moron101 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If genting still keep silent & doesn't want to defend against this report, it could be continued to sell down to 50 or 60 cents.. wake up please.. justice      ( Date: 16-Sep-2014 10:52) Posted: me too, I think that the target price of $1.00 is BS.
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enjoylife77 Veteran	16-Sep-2014 11:09        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The hedge funds are always ahead of the retail investor.
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Kyoto2008 Elite	16-Sep-2014 10:55        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The TP - usually is quite hard to determine, hence it should not be taken to heart.    Agree the language used by Macquarie comes across as being offensive to shareholders.
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justice Member	16-Sep-2014 10:52        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	me too, I think that the target price of $1.00 is BS.
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lifeisgood Supreme	16-Sep-2014 10:49        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most analysts have their own agendas (or were told what to do). So I only use the facts they provide, and do my own thinking. I seldom even look at the conlusions they make, especially the meaningless " price target" .  justice      ( Date: 16-Sep-2014 10:37) Posted: I do not disagree with some of the facts in the report. But I do take issue with the language that they use to dramatise the problem. lifeisgood      ( Date: 16-Sep-2014 10:33) Posted: I agree with Kyoto2008 that the Macq report is factually reliable. But one can make  his own judgement and conclusion regarding its investment merits. As for China, it has always been a black box. Whether your guess is right or wrong, China won' t tell you. As for Genting Sing, it is facing headwinds  from many more casinos in the region coming up.  Even our own government may issue more licenses, never say never. 10 years should be up by 2016. I am not vested in this stock. Just a casual observer.
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justice Member	16-Sep-2014 10:40        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I agree with you that there is no point in arguing over the issue of credit tightening. But the thing is you brought up this issue in the first place. That is the point. Kyoto2008      ( Date: 16-Sep-2014 10:35) Posted: Presently the situation in China is so fluid.    One day they loosen one day they tighten.      Journalists are trying to guess whether they are doing one or the other.  The recent news is that credit went down, and journalists are claiming it is not due to tightening, more to banks not being willing to lend.          How do we know what really went on behind the scenes? As long as we understand the situation, think it' s good enough.        You are right in saying that credit is not being tightened now, at this point.    Tomorrow?    Does anyone know?      So what' s the point of arguing over this issue when even  Yellen or Draghi wouldn' t know the answer?   justice      ( Date: 16-Sep-2014 10:15) Posted: When did I say credit is now being tightened? The following is what you posted. /Regarding credit tightening in China, it' s been going on since 2013/ In English, (has been going) is known as the present perfect continuous tense. The use of this tense means that it is still going on.
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justice Member	16-Sep-2014 10:37        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I do not disagree with some of the facts in the report. But I do take issue with the language that they use to dramatise the problem. lifeisgood      ( Date: 16-Sep-2014 10:33) Posted: I agree with Kyoto2008 that the Macq report is factually reliable. But one can make  his own judgement and conclusion regarding its investment merits. As for China, it has always been a black box. Whether your guess is right or wrong, China won' t tell you. As for Genting Sing, it is facing headwinds  from many more casinos in the region coming up.  Even our own government may issue more licenses, never say never. 10 years should be up by 2016. I am not vested in this stock. Just a casual observer.
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Kyoto2008 Elite	16-Sep-2014 10:35        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Presently the situation in China is so fluid.    One day they loosen one day they tighten.      Journalists are trying to guess whether they are doing one or the other.  The recent news is that credit went down, and journalists are claiming it is not due to tightening, more to banks not being willing to lend.          How do we know what really went on behind the scenes? As long as we understand the situation, think it' s good enough.        You are right in saying that credit is not being tightened now, at this point.    Tomorrow?    Does anyone know?      So what' s the point of arguing over this issue when even  Yellen or Draghi wouldn' t know the answer?   justice      ( Date: 16-Sep-2014 10:15) Posted: When did I say credit is now being tightened? The following is what you posted. /Regarding credit tightening in China, it' s been going on since 2013/ In English, (has been going) is known as the present perfect continuous tense. The use of this tense means that it is still going on. Kyoto2008      ( Date: 16-Sep-2014 10:07) Posted: Do read the articles you posted  carefully. Credit tightening in China came about in 2012 and 2013 when there was anticipation that China will undergo a bubble bursting due to ballooning credit (sponsored by Chinese govt since Lehman crisis to spur economic growth).  China tightened too much and this leads to the cracks showing.      Too much to write about on this subject such as shadow banking, SOE loans, etc, so it' s better you read up on the whole episode on your own.      See my post again: " esply in China where growth is slowing down and cracks are starting to show when credit is tightened."       When did I say credit is now being tightened? China is now caught with a huge credit bubble (both property and biz), hence to loosen credit broadly is highly risky.        The govt do not use interest rates alone, but reserve requirements to rein in or loosen credit.      Also the loosening is very much targeted and selective and not broad measures, eg they now allow provincial states to issue bonds to fund infrastructure projects as banks (and shadow banks) are reluctant to lend given the default scenario.    See the shadow banking and bond defaults now coming to the fray, these are the cracks mentioned.    Everytime a bond default is reported, share prices dive.            Anyway, China issue is a very massive subject that cannot be covered in a few paragraphs. The fact is that mainland Chinese are affected by the uncertainty, some loss of jobs.      If China was going ahead with hitting high economic targets like in the good old days, Genting SG could benefit.        Now China is not looking good. That is the point.
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lifeisgood Supreme	16-Sep-2014 10:33        lifeisgood About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with Kyoto2008 that the Macq report is factually reliable. But one can make  his own judgement and conclusion regarding its investment merits. As for China, it has always been a black box. Whether your guess is right or wrong, China won' t tell you. As for Genting Sing, it is facing headwinds  from many more casinos in the region coming up.  Even our own government may issue more licenses, never say never. 10 years should be up by 2016. I am not vested in this stock. Just a casual observer.
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justice Member	16-Sep-2014 10:33        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	ya, this is the fun part of the stock market :) bishan22      ( Date: 16-Sep-2014 09:08) Posted: Burning continues.......
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justice Member	16-Sep-2014 10:31        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I agree with you that it depends on the case. In this case, I think the report is trying to serve it purpose due to the language used. /We believe investors are clinging onto GENS in hope. Hope of it somehow navigating through a mature SG gaming market and improve its returns. Hope of it investing all its cash into a lucrative overseas project and create value. We think the stage is set for disappointment./ Dun you think that it seems to be asking people to give up hope and sell so that they can cover their short positions? A good report does not use language like this. Kyoto2008      ( Date: 16-Sep-2014 10:21) Posted: It depends on the case.  In Genting SG, I recently  went through the financials myself, hence I am able to agree with all the points made by the analyst (I did so as I was thinking whether I should keep some in my portfolio but decided not to). Talk about analysts, there are some bad reports, eg in the case of Ezion, I believe the analyst was mistaken and quite biased.      Macquarie was one of those who came back with arguments that are sound on why the report is biased.  So I have respect for thieir analyst reports. Similarly for United Engineers, my assessment of the analyst making the comment that the takeover price is 20 percent lower than NAV as a bad judgement.    Thereafter, I discount all CIMB reports as mistaken, and look carefully at what they post, every single line since I suspect they do not have much quality control in reporting.      justice      ( Date: 16-Sep-2014 08:14) Posted: Price falls when the supply is more than the demand and this is true in all cases and not just in Gentings' case. However, there are a large number of factors that may be in play, including shares changing hands, and I do not think any one of us here can precisely pinpoint the factor. I am not saying that fund houses are buying but I do not think that it is illogical to think so. Your are a veteran in this forum and you should know that analyst reports very often are designed  to serve their own purposes.
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justice Member	16-Sep-2014 10:27        justice About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	If you say that even if tourists come, they may not go to gamble, then why link China' economic growth to the performance of genting? Kyoto2008      ( Date: 16-Sep-2014 10:25) Posted: I think you are splitting hairs. The fact is the five year sales figures for Genting has been declining.      We are trying to attribute that to falling tourist arrivals, but even if tourists come they may not go to gamble. Go through the Genting financials and come back to try reconciling with Macquarie report, instead of suspecting they purposely target Genting so as to buy in cheaper. justice      ( Date: 16-Sep-2014 10:18) Posted:
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Kyoto2008 Elite	16-Sep-2014 10:25        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think you are splitting hairs. The fact is the five year sales figures for Genting has been declining.      We are trying to attribute that to falling tourist arrivals, but even if tourists come they may not go to gamble. Go through the Genting financials and come back to try reconciling with Macquarie report, instead of suspecting they purposely target Genting so as to buy in cheaper. justice      ( Date: 16-Sep-2014 10:18) Posted: justice      ( Date: 16-Sep-2014 08:02) Posted: In your article, the decrease in the number of tourist arrivals is not to to a slowdown in economic growth /New tourism laws in China, implemented in October last year, which clamp down on " zero-dollar tours" that hit tourists with surprise fees have contributed to falling tourist volumes from China./ Besides, you have omitted the makeup of the decrease in the number of tourist arrivals. /The STB report also highlighted that the decline in Chinese visitor arrivals came largely from the segment of Chinese travellers that came to stay one day or less. The number of Chinese visitors that stayed for a day or less fell 52 per cent to 401,000, although those staying two days or more rose by 21 per cent to 406,000 in H1 2014. This lifted the average length of stay by Chinese visitors from 2.7 days in H1 2013 to 4.2 days in H1 2014./
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Kyoto2008 Elite	16-Sep-2014 10:21        Kyoto2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It depends on the case.  In Genting SG, I recently  went through the financials myself, hence I am able to agree with all the points made by the analyst (I did so as I was thinking whether I should keep some in my portfolio but decided not to). Talk about analysts, there are some bad reports, eg in the case of Ezion, I believe the analyst was mistaken and quite biased.      Macquarie was one of those who came back with arguments that are sound on why the report is biased.  So I have respect for thieir analyst reports. Similarly for United Engineers, my assessment of the analyst making the comment that the takeover price is 20 percent lower than NAV as a bad judgement.    Thereafter, I discount all CIMB reports as mistaken, and look carefully at what they post, every single line since I suspect they do not have much quality control in reporting.      justice      ( Date: 16-Sep-2014 08:14) Posted: Price falls when the supply is more than the demand and this is true in all cases and not just in Gentings' case. However, there are a large number of factors that may be in play, including shares changing hands, and I do not think any one of us here can precisely pinpoint the factor. I am not saying that fund houses are buying but I do not think that it is illogical to think so. Your are a veteran in this forum and you should know that analyst reports very often are designed  to serve their own purposes. Kyoto2008      ( Date: 16-Sep-2014 00:47) Posted: In Genting' s case, price is dipping because more people wants to sell than those buying. We can' t assume that fund houses are buying in this kind of scenario, think it' s not logical thinking. The analyst report just serves to confirm the reasons why there are more sellers than buyers. It' s not bb, fund houses or analysts causing the price to fall, just examine the facts.
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