| Latest Forum Topics / Genting Sing Last:0.615 -- |
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CSE Global
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WL123456
Supreme |
06-Apr-2019 02:24
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Bro I share some of my opinion with you :
4.5 billion means must have net cash profit of 456million sgd profit a year (taking into consideration inflation rate of 1.35%) to cover cost . During this period , casinos will be opening in Japan and a few other Asian countries . Currently the full year net profit for Genting is $755.4mil. Based on this amount , more than half of the profit will be used to cover the annual 456mil invested . Don?t forget that the 7% increase in taxation will further deteriorate Genting Singapore?s earning. Genting currently has a net cash position of $3.26 billion and therefore would most likely go for fund and rise the necessary monies for the 4.5billion investment . Therefore she will incurred finance cost or dilute shareholders by issuing rights . Whether Genting will get more visitor is anybody?s guess at a time where completion for gamblers heats up in Asia including japan new casino allowing IR in Japan. I don?t have to the time to crunch all the numbers and projections yet but If I am an investor looking at Genting , I will most likely avoid it until the skies are clear . One thing for certain is the dividend yield will drop and pressure on profits will rise . The clear winner here is the Singapore?s government which is why I say wait for price to stabilise first before making a move .
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kandinsky
Master |
05-Apr-2019 21:55
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Don't be myopic, going up to $1 again is a no brainer, don't need a genius to be able to predict that.
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Qanghoo
Supreme |
05-Apr-2019 19:35
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They cld be myopic, unlike astute business-minded people.  Yet, I' m more inclined to think that it' s chng kays killing retailers. 
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Trader130
Supreme |
05-Apr-2019 19:22
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Mayb those institutional who downgrade GS are business retarded🤣 🤣 🤣 Base on Expansion view 
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Starship
Supreme |
05-Apr-2019 18:56
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Singapore casinos $9 bil expansion sparks price concern Bloomberg 04/04/19, 06:00 pm(Apr 4): Genting Singapore and Las Vegas Sands Corp&rsquo s pledges to put $9 billion into tourist attractions in Singapore to keep their exclusive casino operating licenses was met with little enthusiasm by analysts and investors. At least six analysts downgraded Genting in the wake of the news, citing the hefty price tag for the license extension and the government&rsquo s plan to raise gambling taxes after 2022. Shares of the Singapore-based developer closed 9.4% lower in trading Thursday, for the biggest one-day drop since May 2009. The total investments, almost two-thirds of the operators&rsquo initial spend in 2006 of about $15 billion to build the integrated resorts, come in the wake of a tourism spike caused by the Hollywood movie &ldquo Crazy Rich Asians,&rdquo which was set in the city state. Last year&rsquo s high-profile summit between US President Donald Trump and North Korean leader Kim Jong Un also drew attention. Still, the casino operators were seen to have paid an overly high price to keep their licenses, as any meaningful earnings boost from the expansions would be far off. Not all the reviews were negative. Sanford C. Bernstein&rsquo s Vitaly Umansky said the casino operators&rsquo expansion blueprints should be viewed as a long-term positive, outweighing a planned tax increase on gross gaming revenue in the city state. Bloomberg Intelligence analyst Margaret Huang said expansion plans will spur growth in the mass-market segment, helping to raise the city&rsquo s edge with tourists compared with other destinations. There&rsquo s certainly demand for more tourism capacity. Even with Singapore attracting record tourist numbers, its pace of hotel expansion has slowed. Last year, visitor arrivals in the city-state last year jumped 6.2% to 18.5 million, data from the Singapore Tourism Board show. Receipts increased 1% to $27.1 billion. But an average of only 764 extra rooms a year will be completed from 2018 to 2022, down from 3,357 annually between 2014 and 2017, according to Cushman & Wakefield Plc. The operators will also have to deal with increased tax rates on gross gaming revenue at the end of the current moratorium in February 2022, as well as greater hurdles for Singaporean residents themselves to visit the casinos. The city-state plans to boost casino entry prices for Singapore citizens and permanent residents to $150 a visit from $100. https://www.theedgesingapore.com/?q=singapore-casinos-9-bil-expansion-sparks-price-concern |
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Starship
Supreme |
05-Apr-2019 18:43
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Las Vegas Sands reveals how it' s expanded MBS will look like.................... ![]()
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Trader130
Supreme |
05-Apr-2019 18:06
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Move on ..... 🤣 🤣 🤣
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Trader130
Supreme |
05-Apr-2019 18:03
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Really ah .. I see it at accumulating mode for genuine investors hahah 🤣 🤣 🤣 u wait .... once ready u know 👌
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lailai
Elite |
05-Apr-2019 16:50
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Tdy is technical rebound. Ytd plunged 10c, today rebounds 1-1.5 c at current price.  U say good or not? Currently, seems like still not many want to support rebound even got many analysts hv positive tp. Guessing they are waiting for it to plunge further b4 going in to support. |
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KAMAL0883
Supreme |
05-Apr-2019 16:35
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still think will go below 90 cents again..... the 50% increase on Levy really a very hard hit to GS |
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whysoserious
Supreme |
05-Apr-2019 15:53
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As expected thrown down hahahaha | ||||
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Trader130
Supreme |
05-Apr-2019 15:50
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System Jam 🤣 🤣 🤣 U sell , the Bb buy ... BB reach shorting target Liao ... once accumulate enough shot up again  | ||||
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Elf2000
Elite |
05-Apr-2019 15:41
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😁
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wehuattogether88
Supreme |
05-Apr-2019 15:39
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Lol..because he lost all his goal posts at YZJ...
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Elf2000
Elite |
05-Apr-2019 15:27
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Huh??? How come you are here??? I thought you guiding YZJ goal post...
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whysoserious
Supreme |
05-Apr-2019 15:02
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Better sell won't cross 1 buck again today is dead cat bounce as evidenced by 995 being solid resistance | ||||
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michaeltan
Master |
05-Apr-2019 14:31
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Go inside the casino to see ... may be GS don' t have money to pay the winner. LOL! Don' t understand why so many  millionaire bring the money to casino to change casino chip.  dumb stupid! Really Sohai!  Bring the real money to play with super computer. Macau stanley ho already mentioned 101% loss but you still come?  
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Observers
Elite |
05-Apr-2019 12:47
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Not only must have cash, but also important is that the cash must have been sitting there for a period of time, unused, unencumbered and certified true and accurate by established financial institutions. If not who knows it' s like those s-chips, one moment there, next moment disappear into thin air.
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kandinsky
Master |
05-Apr-2019 12:42
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$1 coming soon | ||||
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Trader130
Supreme |
05-Apr-2019 12:40
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PaSi poon bueh Dou 🤣 🤣 🤣 | ||||
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