| Latest Forum Topics / Genting Sing Last:0.615 -- |
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New phases new horizons, aim $3 by 2022
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michaeltan
Master |
04-Apr-2019 18:24
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I don' t see there is problem for casino bidding in Japan. You have Genting Malaysia and Genting Singapore. You can have Genting Japan , Genting hong kong for star cruise. It is just a differnet entity of business operation.
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Elf2000
Elite |
04-Apr-2019 18:19
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😁 anyway market is always there so today down maybe is a great opportunity to accumulate😀
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investshare
Supreme |
04-Apr-2019 18:11
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Does it mean no more Japan dream? | ||||
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michaeltan
Master |
04-Apr-2019 18:10
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CITI KEEPS BUYNot everybody is negative on the higher taxes and expansion plan. Citigroup maintained its buy rating on the stock and raised the price target to $1.28 from $1.20. The higher gaming tax is " a very small price to pay for the opportunity to grow again in Singapore," Citigroup' s analysts led by George Choi wrote in a note on Wednesday. Bernstein analyst Vitaly Umansky said the expansion plan should be viewed as a long-term positive, outweighing the tax increases. Genting plans to utilise existing its cash balance, cash flows and project financing for its expansion, Umansky wrote in a note. " There should be no impact to dividends," and Genting will continue to pursue a Japan integrated resort opportunity, Umansky said. Fifteen analysts have buys on Genting Singapore, while eight have holds. Here are the rating downgrades, according to data compiled by Bloomberg: Credit Suisse: Cut to neutral from outperform reduced PT to $1 from $1.50 JPMorgan: Cut to neutral from overweight reduced PT to $1.17 from $1.25 Maybank: Cut to hold from buy reduced PT to $1.12 from $1.26 RHB: Cut to neutral from buy reduced PT to $1.08 from $1.22 Morgan Stanley: Cut to equalweight from overweight reduced PT to $1.10 from $1.20 Goldman Sachs: Cut to neutral from buy reduced PT to $1.20 from $1.34 Hong Leong Investment Bank: Cuts to hold from buy, PT reduced to $1.23 from $1.43
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Trader130
Supreme |
04-Apr-2019 17:46
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If less contra players , then BB might push up price I Guess 🤣 🤣 🤣
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Elf2000
Elite |
04-Apr-2019 17:45
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Let's see how this GS react tomorrow, climb back to $1 or go down to 95cts😎 | ||||
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limthomas26
Senior |
04-Apr-2019 17:02
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Last quater good result out but the next day the price went down. So dont place high hope it will move when the result is out. I believed more sell down when open tmr. Good Luck. |
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kandinsky
Master |
04-Apr-2019 17:02
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Coe 95k people still buy car like nobody's business. I got a friend paid 151k for a vw golf tsi. She can tell me coe might go up further, I dare not say anything coz she already bought the car.
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halleluyah
Supreme |
04-Apr-2019 16:54
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last q results out kena down graded............agak more selling to come...............
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Elf2000
Elite |
04-Apr-2019 16:43
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Those contra players jumped this morning at $1 must be very anxious now... | ||||
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callers
Member |
04-Apr-2019 16:42
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Roughly which date will Genting report it' s 1Q19 results? | ||||
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jlong0005
Senior |
04-Apr-2019 16:37
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BBs taking opportunity to push down. Mostly sold by foreign funds. 0.90 would be a good price to buy. | ||||
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michaeltan
Master |
04-Apr-2019 16:36
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I agreed with someone mentioned just now knee jerk reaction! When first COE being introduced. Many people also making so much noise. But today it went up more than 40K people also use to it. when taxi fares went up, many people complaint but now also use to it. Cool down! cool down!
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limthomas26
Senior |
04-Apr-2019 16:33
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No one can tell wthether it will move up or move down. Is a question mark. Do trade with care. Good luck |
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Sgvale
Supreme |
04-Apr-2019 16:30
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Good to pick up now. Knee jerk reaction. Huat back tmr | ||||
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kandinsky
Master |
04-Apr-2019 16:21
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Exactly, how many financial reports will be churned out before that.
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limthomas26
Senior |
04-Apr-2019 16:20
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More selling before closing at 5pm. Tomorrow may pick up or sell down. No one can tell. Keep out finger cross. |
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michaeltan
Master |
04-Apr-2019 16:15
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Cool down! It may rebound tomorrow. They are pouring $4.5billion each into business for expansion. The new structure of taxes will only take effect on year 2022 Feb.
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chanbs
Elite |
04-Apr-2019 16:09
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another Gap Down tomorrow on opening ? | ||||
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michaeltan
Master |
04-Apr-2019 16:09
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Can anybody help to explain what' s premium gaming ? Taxes on gaming revenues will also be increased after the current moratorium expires in February 2022. Gross gaming revenue is currently subjected to casino tax rates of 5 per cent for premium gaming and 15 per cent for mass gaming. A new 10-year moratorium will subject the IRs to tiered tax rates of between 18 per cent and 22 per cent for mass gaming, and from 8 per cent to 12 per cent for premium gaming. If the IR fails to meet its investment commitments, however, flat tax rates of 22 per cent will apply on its mass gaming revenue, and 12 per cent on its premium gaming revenue.
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