Latest Forum Topics /
Genting Sing
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A fresh page
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arthurzathura
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11-May-2018 19:42
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Will chiong to 1.40 den hit resistance at 1.50 because 1.50 will attract a lot of people to sell.
Btw where is Trader130, I thought going to fall? Where are all the people who say downcycle coming?
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iDontKnow
Member |
11-May-2018 19:22
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I thought only those company at director level also the CEO need to declare when they transact their own shares? ' Vice president of finance' is something like deputy CFO? So this is to penalise him because he transacted but never declared via SGX announcement? or he simply cannot transact at all? (then when can he transact?) very grey leh...    |
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Starship
Supreme |
11-May-2018 17:25
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Former Genting Singapore VP admits to insider trading FRI, MAY 11, 2018 - 4:48 PM GENTING Singapore' s former vice president of finance, Kunye Tagi, has admitted to insider trading and has paid the Monetary Authority of Singapore (MAS) a civil penalty of S$50,000 without court action. This comes after a joint investigation by the Commercial Affairs Department (CAD) and MAS. Ms Tagi sold 175,000 Genting shares on April 14, 2015 and April 24, 2015, while in possession of non-public price-sensitive information about the company' s financial results. On May 14, 2015, Genting announced losses for the quarter ended Mar 31, 2015. Following the results announcement, Genting shares closed 5.9 per cent lower at S$0.955 on the next trading day. The sale of the shares enabled Ms Tagi to avoid a loss of S$13,625. A civil penalty action is not a criminal action and does not attract criminal sanctions. The MAS can make an agreement with the person under investigation to pay a civil penalty for contravening the Securities and Futures Act - with or without admission of liability. The civil penalty may be up to three times the amount of the profit gained or loss avoided by that person as a result of the contravention, subject to a minimum of S$50,000 (if the person is not a corporation) or S$100,000 (if the person is a corporation). http://www.businesstimes.com.sg/companies-markets/former-genting-singapore-vp-admits-to-insider-trading |
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huathuat88888
Elite |
11-May-2018 13:56
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This one not insider trading hah.
This one is anticipating. Bingo ! : )
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TenPips
Veteran |
11-May-2018 13:12
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Consistent with the chart - 1.40.
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wehuattogether88
Supreme |
11-May-2018 12:27
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CIMB has a ADD with a TP of 1.40 | ||||
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wehuattogether88
Supreme |
11-May-2018 12:04
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By BT:
GENTING Singapore jumped nine Singapore cents or 7.8 per cent to S$1.25 after a series of brokerages reiterated " buy" on the stock, following the release of its surprisingly positive earnings, and also expectations that the company  will soon be able to bid for a Japan gaming licence when the country' s regulations fall in place. As at 10.16am, some 54.8 million shares had changed hands, making it the most active counter on the market. The casino operator on Thursday  posted a 3.3 per cent increase in net profit for the first quarter, from S$210.2 million in the year-ago period to S$217.2 million. Excluding the  one-off gain of S$96.3 million from the disposal of the group&rsquo s investment in South Korea in Q1 2017, the year-on-year growth in net profit after tax would have seen a jump of 91 per cent. For the three months, revenue rose 15.1 per cent to S$675.1 million from the previous year. Other positive indicators from its results include the growth in VIP gross gaming revenue on a higher win rate of 3.2 per cent, and higher rolling-chip volume. First-quarter  receivables impairment also fell around 40 per cent to S$9.1 million, and the quarter' s adjusted Ebitda (Earnings before interest, tax, depreciation and amortisation) margin of 53.2 per cent was also back to levels seen in 2011.  It said: " Genting' s share  price corrected by over 10 per cent the past three months due to concerns  post the Q4 2017 results that adjusted Ebitda  margins would be  under pressure. " We believe these concerns were overplayed, given the dip in margins was largely due to payment of staff  bonuses, and margins in Q1 2018 have since rebounded to around 54 per cent,  the highest level in over 11 quarters from 44 per cent in Q4 2017. " At current share price, Genting offers outstanding value for  exposure to a growing VIP business and a duopoly market." Phillip Securities maintained its " add" rating and target price of  S$1.40, noting that management was positive on the Japan Gaming Bill and mentioned there is a chance that the Responsible Gambling Bill and Implementation Bill could be sanctioned in fiscal 2018, and bidding for prospective casinos could start in fiscal 2019.  Likewise, OCBC Investment Research kept its " buy" rating and fair value of S$1.45 on the stock, saying that it is positive on its earnings  growth prospects. " We note the opportunity for margins to grow further in the medium term as Genting Singapore embarks on its innovation plan to address challenges such  as manpower constraints. " Genting Singapore notes that the Integrated Resort Implementation Bill  has been submitted to the Japan Diet on April 27, and expects the  debate on the bill to commence this year." Nomura also kept its " buy" rating at a target price of S$1.52, saying: " We also expect newsflow on the revamp of Resorts World Sentosa in 2018 once capex and regulatory approvals and details are finalised this should improve visitation prospects." |
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Johngenting
Veteran |
11-May-2018 11:30
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Last year he given 0.15 ....If he remain will attract more INVESTER
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TenPips
Veteran |
11-May-2018 11:00
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I see the next clear target at 1.40. Will trade in and out upwards.  | ||||
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huathuat88888
Elite |
11-May-2018 10:34
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Wa. Your EW quite scientic hah : )
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curious_moo
Master |
11-May-2018 10:10
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i think capital gain far exceeds the need for interim haha.. jkjk
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Johngenting
Veteran |
11-May-2018 10:08
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NO INTERIM DIVIDEND ????!
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curious_moo
Master |
11-May-2018 09:34
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which part of the result not good (after excluding those one time gains last year)?
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michaeltan
Master |
11-May-2018 09:12
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Embassy staffs are not allowed to enter cassino for gamble.
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lovetoshare
Elite |
11-May-2018 09:11
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Result not good why still up | ||||
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wehuattogether88
Supreme |
11-May-2018 09:10
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Today GS went up now at 1.25/1.26, result very good  | ||||
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rockman88
Senior |
11-May-2018 09:10
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Yeah, Shangri-la got experience in hosting such events from the Ma-Xi meeting back in 2015. Cleared 125, good sign ...
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michaeltan
Master |
11-May-2018 09:07
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The security will be very tight. Nobody will go for gambler!
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halleluyah
Supreme |
11-May-2018 09:02
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i tink shagri-la which is a better choice.... 
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rockman88
Senior |
11-May-2018 08:58
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Gap up ... huat ah bros!
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