Latest Forum Topics /
Genting Sing
Last:0.605
-0.005
|
 Post Reply
|
|
Genting SP Next Move
|
|||||
|
Longtermer
Elite |
14-May-2020 15:42
Yells: "A disciplined investor is a wealthy investor" |
||||
|
x 0
x 0 Alert Admin |
Based on my estimates, 2020 Q1 Nett profit is about $30m to $40m The drop will be 83% YOY. Tourists arrival dried up since March till now and possibly only see some coming back slowly from September onward ?? Both Q2 ( Apr to June 2020 ) and Q3 (July to Sept 2020 ) will see heavy losses while Q4 may improve if Covid19 can be controlled and tourists return. The FY 2020 will see heavy losses as guided by CEO in his yesterday statement. NTA is 66.8c. What is the right valuation for now? Dyodd. Trade w care. |
||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
14-May-2020 15:02
|
||||
|
x 0
x 0 Alert Admin |
Must also factor Covid19 30 cents ipo price still the safest
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Longtermer
Elite |
14-May-2020 14:16
Yells: "A disciplined investor is a wealthy investor" |
||||
|
x 0
x 0 Alert Admin |
TP 08x NTA. 55c is fair value. Trade w care. | ||||
| Useful To Me Not Useful To Me | |||||
|
Trader130
Supreme |
14-May-2020 13:25
|
||||
|
x 0
x 0 Alert Admin |
30 cents better IPO price
|
||||
| Useful To Me Not Useful To Me | |||||
|
Goldfinger
Supreme |
14-May-2020 10:42
|
||||
|
x 0
x 0 Alert Admin |
Yes, below 70 cents I think.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
gravity8888
Supreme |
14-May-2020 10:41
|
||||
|
x 0
x 0 Alert Admin |
Hope to see it below 70 soon | ||||
| Useful To Me Not Useful To Me | |||||
|
AhLiang
Elite |
14-May-2020 10:18
|
||||
|
x 0
x 0 Alert Admin |
If you don't believe it, it is true. But it is BBs buying their own shares to lure the retailers to follow them to buy. After that they will sell to themselves and make the retailers run for their life without their underwears.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
14-May-2020 10:03
|
||||
|
x 0
x 0 Alert Admin |
Genting Singapore' s Q1 earnings halved remains pessimistic for rest of yearWED, MAY 13, 2020 - 6:14 PM GENTING Singapore on Wednesday saw earnings halved for the first quarter as the global coronavirus pandemic took its toll on tourism. The company said it remains pessimistic for the rest of the year, foreseeing that any recovery may be long-drawn. The integrated resort operator posted adjusted earnings before interest, tax, depreciation and amortisation (adjusted Ebitda) of S$146.9 million for the quarter ended March 31, a 55 per cent decrease year on year. This came as revenue fell in both its gaming and non-gaming segments. Gaming revenue declined 38 per cent on the year to S$267.9 million, while non-gaming revenue went down 34 per cent to S$138.4 million. The overall impact was partially mitigated by a series of measures Genting took to control costs, including instituting pay cuts for all managerial team members and encouraging its employees to take their annual leave. Genting said in its business update: " Given the fluidity of the unfolding Covid-19 situation, the group remains pessimistic on its outlook for the remaining year. To cope with a potentially volatile and long-drawn recovery process, we will adopt an agile and continuous learning mindset to align our cost structure with the new norm." But the group gave the assurance that it has built up a strong balance sheet over years that will enable it to continue operating and pursuing growth both at its flagship property Resorts World Sentosa (RWS) and globally. Genting also still plans to develop an integrated resort in Japan. The group said it has been engaged in the ongoing Request for Concept by the city of Yokohama, and anticipates the launch of the Request for Proposal in the second half of 2020. RWS is now the managing agent for two facilities in Singapore (Singapore EXPO and MAX Atria), where Covid-19 patients rest and recover. https://www.businesstimes.com.sg/companies-markets/genting-singapores-q1-earnings-halved-remains-pessimistic-for-rest-of-year |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
sengsk
Elite |
14-May-2020 09:42
|
||||
|
x 0
x 0 Alert Admin |
Genting Singapore on Wednesday saw earnings halved for the first quarter as the global coronavirus pandemic took its toll on tourism. The company said it remains pessimistic for the rest of the year, foreseeing that any recovery may be long-drawn. | ||||
| Useful To Me Not Useful To Me | |||||
|
lighter87
Master |
14-May-2020 09:37
|
||||
|
x 0
x 0 Alert Admin |
Still left hand to right hand. Surprised that price can move from 0.735 to 0.75 so fast. Who's buying? | ||||
| Useful To Me Not Useful To Me | |||||
|
lorann
Senior |
14-May-2020 09:18
|
||||
|
x 0
x 0 Alert Admin |
Better give up as well. Casinos are no more lucrative
|
||||
| Useful To Me Not Useful To Me | |||||
|
AhLiang
Elite |
14-May-2020 06:23
|
||||
|
x 0
x 0 Alert Admin |
Just read the news that Sands has given up the bid in Japan. Genting still iron-teeth going ahead? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
AhLiang
Elite |
14-May-2020 05:51
|
||||
|
x 0
x 0 Alert Admin |
After such a long time of up down up down at a high within a small range, the hot potatoes have mostly been passed to.the newbies playing the stock market for the first time. | ||||
| Useful To Me Not Useful To Me | |||||
|
Longtermer
Elite |
14-May-2020 01:30
Yells: "A disciplined investor is a wealthy investor" |
||||
|
x 0
x 0 Alert Admin |
The figure provided is Adjusted EBITDA. The drop is 55.4% If Nett Profit is used for comparing both quarters: 2019 Q1 Nett Profit $205.47m 2020 Q1 Nett profit should be $30m to $40m (estimated) The drop will be 82.9% (using 35m) Q2 results for Apr to June 2020 will see losses. Dyodd. Trade w care.
|
||||
| Useful To Me Not Useful To Me | |||||
|
survivor
Member |
14-May-2020 00:28
|
||||
|
x 0
x 0 Alert Admin |
For sure they will win the bid to get Jap IR. 100%. They will definitely survive this period, they got enough money to burn. But what the report meant is. 2020 confirm gone case. 2021 outlook, not optimistic. Long term plan - Jap IR - won the bid also need to raise cash and to see first bucket of gold, need to wait many yrs. And i also felt the share price heavily controlled. At current price point,it's just dont make senses. | ||||
| Useful To Me Not Useful To Me | |||||
|
uiop1223
Supreme |
14-May-2020 00:02
|
||||
|
x 0
x 0 Alert Admin |
I like Genting quarterly reporting. At least its transparent in the figures.
If i long, i go for asset light companies. Look at techs. They are doing well despite covid. For Japan proj to start making money for genting, 5 yrs later? Why buy now?
|
||||
| Useful To Me Not Useful To Me | |||||
|
lighter87
Master |
13-May-2020 21:11
|
||||
|
x 0
x 0 Alert Admin |
55 percent drop in profit for 1st 3 months,this quarter result should be much worse. investing such a big sum in Japan during this period is risky. It can either make or break genting.
Share price is still heavily controlled. |
||||
| Useful To Me Not Useful To Me | |||||
|
Goldfinger
Supreme |
13-May-2020 20:10
|
||||
|
x 0
x 0 Alert Admin |
These were the last two paras in the Genting announcement today. Read between the lines to see their message. No fear, no bad mouthing Japan - only sheer conviction. " While our financial performance for 2020 will be severely affected, our Group have strategically built up a strong balance sheet over years that will enable us to continue operating smoothly and pursuing growth both at RWS and globally within our core expertise despite the ongoing crisis. Japan IR investment opportunity continues to feature in our long term growth strategy. We have been engaged in the ongoing Request for Concept (RFC) by Yokohama City and are anticipating the launch of the Request-for-Proposal (RFP) in the second half of 2020. " |
||||
| Useful To Me Not Useful To Me | |||||
|
Goldfinger
Supreme |
13-May-2020 20:06
|
||||
|
x 0
x 0 Alert Admin |
This is like LV Sands handing the Japan Tokyo/Yoko casino to Genting on a silver platter. With MGM stuck and committed into Osaka - now only Wynn, Melco and Galaxy left to contend with GENS in Tokyo and Yokohama. GENS would have to look beyond COVID and see which one is more juicy to pluck - Tokyo or Yokohama.
|
||||
| Useful To Me Not Useful To Me | |||||
|
TA_Expert
Supreme |
13-May-2020 19:51
Yells: "The World has changed" |
||||
|
x 0
x 0 Alert Admin |
Don' t worry about Genting. They have backing. Gambling / casino world is a wonder of world. If you have friends working in senior managment of any casino companies in the world, they will tell you that money is never a problem. | ||||
| Useful To Me Not Useful To Me | |||||