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Trader130 Supreme	05-May-2020 20:51        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Means DBS foresighted 😂 😂 😂 Longtermer      ( Date: 05-May-2020 11:57) Posted: Trade with care guys.. For those who are unaware, DBS lowered TP to 75c from 80c. --------------------------------- Genting Singapore - All Bets Are Off Cutting Genting Singapore (SGX:G13)' s FY20/21F EBITDA estimates by 40%/22% to S$351m (-70.5% y-o-y) in 2020 and S$760m (+116.8% y-o-y, -36% from 2019).   The main factors behind the negative revision include: We now expect Singapore&rsquo s tourist arrivals to plunge by 40-45% in 2020. Rather than lifting cross-border travel restrictions across the board, the easing process will likely be uneven and done on a bilateral basis between Singapore and countries that have successfully contained the COVID-19 outbreak. However, the situation in key neighbouring countries like Indonesia (15.7% of total international visitor arrivals in 9M 2019), India (7.5%) and the Philippines (4.2%) is still deteriorating, with their COVID-19 curves still not showing signs of flattening thus far. Beyond 2020, pent-up travel demand should kick in, but appetite for travel will inevitably be constrained by economic woes, and potentially health-related rules like compulsory temperature checks and health declarations, or even government-mandated quarantines upon entry. Our economists now project a sharp 5.7% contraction in Singapore&rsquo s 2020 GDP, marking the darkest year for the Singapore economy since independence, while unemployment rate could rise to 3.6% by the end of the year, from 2.3% in 4Q19. This will undoubtedly have an adverse impact on discretionary consumer spending, and lead to lower visitors to Genting Singapore&rsquo s casino and attractions. Social distancing measures to stay in place for a protracted period, even after COVID-19 situation wanes. While this does not pose a problem in a zero-revenue environment, we believe that a full-fledged recovery will come in 2022 at the earliest, given that social distancing practices could well remain in place beyond 2020 to ensure that the situation remains under control. This would pose a problem for Genting Singapore, especially with regards to mass gaming as the approved gaming area in Singapore casinos accounts for less than 4% of the gross floor area, which is 50-80% lower than the casinos in Macau. Prior to RWS shutting down, Genting Singapore has been taking steps like ensuring a minimum distance between each player and limiting the number of players per table and closing certain game types to reduce crowding. Additionally, this could also result in unbearably long queue times/limited eating spaces in RWS (due to compulsory empty spaces between riders/patrons), which would deter visitors to its non-gaming attractions. The enhanced Jobs Support Scheme, property tax rebates and senior management pay cuts will help greatly with cost reduction, but overall EBITDA margins will still suffer due to the inherently high operating leverage of the business. We expect Genting Singapore adjusted EBITDA margin to narrow to 35.0% in FY20, from 48.0% in FY19 Downgrade Genting Singapore to HOLD with a slightly lower Target Price of S$0.75, to reflect our negative earnings adjustments.   In our view, the risk to reward set up is neutral after the significant 54% rebound in Genting Singapore share price from its bottom in March, as the brutal hit to its earnings over the next two years is largely counterbalanced by its attractive dividend yield and compelling valuation (FY21F EV/EBITDA of 7.7x vs regional peers median of 9.7x). We will be staying on the sidelines until the regional COVID-19 situation stabilises, and cross-border travel restrictions in the region loosen. Genting Singapore has outperformed most regional peers, with the stock down 15% YTD-2020. At this point in time, the laggards in Macau could be worth a look, given that travel limitations between Macau, Hong Kong and China are starting to be relaxed.
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Trader130 Supreme	05-May-2020 20:50        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	US borrowed 3 Trillions again ... But seem like market still in coma
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happietrade Master	05-May-2020 19:17        happietrade About Contact  Quote this Post!   Yells: "be kind"
x 0   x 0  Alert Admin	Master yuan, today ends with red candle so now is it downtrend? SgYuan      ( Date: 04-May-2020 18:21) Posted:
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Longtermer Elite	05-May-2020 11:57        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	Trade with care guys.. For those who are unaware, DBS lowered TP to 75c from 80c. --------------------------------- Genting Singapore - All Bets Are Off Cutting Genting Singapore (SGX:G13)' s FY20/21F EBITDA estimates by 40%/22% to S$351m (-70.5% y-o-y) in 2020 and S$760m (+116.8% y-o-y, -36% from 2019).   The main factors behind the negative revision include: We now expect Singapore&rsquo s tourist arrivals to plunge by 40-45% in 2020. Rather than lifting cross-border travel restrictions across the board, the easing process will likely be uneven and done on a bilateral basis between Singapore and countries that have successfully contained the COVID-19 outbreak. However, the situation in key neighbouring countries like Indonesia (15.7% of total international visitor arrivals in 9M 2019), India (7.5%) and the Philippines (4.2%) is still deteriorating, with their COVID-19 curves still not showing signs of flattening thus far. Beyond 2020, pent-up travel demand should kick in, but appetite for travel will inevitably be constrained by economic woes, and potentially health-related rules like compulsory temperature checks and health declarations, or even government-mandated quarantines upon entry. Our economists now project a sharp 5.7% contraction in Singapore&rsquo s 2020 GDP, marking the darkest year for the Singapore economy since independence, while unemployment rate could rise to 3.6% by the end of the year, from 2.3% in 4Q19. This will undoubtedly have an adverse impact on discretionary consumer spending, and lead to lower visitors to Genting Singapore&rsquo s casino and attractions. Social distancing measures to stay in place for a protracted period, even after COVID-19 situation wanes. While this does not pose a problem in a zero-revenue environment, we believe that a full-fledged recovery will come in 2022 at the earliest, given that social distancing practices could well remain in place beyond 2020 to ensure that the situation remains under control. This would pose a problem for Genting Singapore, especially with regards to mass gaming as the approved gaming area in Singapore casinos accounts for less than 4% of the gross floor area, which is 50-80% lower than the casinos in Macau. Prior to RWS shutting down, Genting Singapore has been taking steps like ensuring a minimum distance between each player and limiting the number of players per table and closing certain game types to reduce crowding. Additionally, this could also result in unbearably long queue times/limited eating spaces in RWS (due to compulsory empty spaces between riders/patrons), which would deter visitors to its non-gaming attractions. The enhanced Jobs Support Scheme, property tax rebates and senior management pay cuts will help greatly with cost reduction, but overall EBITDA margins will still suffer due to the inherently high operating leverage of the business. We expect Genting Singapore adjusted EBITDA margin to narrow to 35.0% in FY20, from 48.0% in FY19 Downgrade Genting Singapore to HOLD with a slightly lower Target Price of S$0.75, to reflect our negative earnings adjustments.   In our view, the risk to reward set up is neutral after the significant 54% rebound in Genting Singapore share price from its bottom in March, as the brutal hit to its earnings over the next two years is largely counterbalanced by its attractive dividend yield and compelling valuation (FY21F EV/EBITDA of 7.7x vs regional peers median of 9.7x). We will be staying on the sidelines until the regional COVID-19 situation stabilises, and cross-border travel restrictions in the region loosen. Genting Singapore has outperformed most regional peers, with the stock down 15% YTD-2020. At this point in time, the laggards in Macau could be worth a look, given that travel limitations between Macau, Hong Kong and China are starting to be relaxed.
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Trader130 Supreme	05-May-2020 10:58        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	60 series C& Q got 3 billions hah 😂 vivacious      ( Date: 05-May-2020 10:04) Posted: this shld be in the 60 series...wonder why so high still
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vivacious Supreme	05-May-2020 10:04        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	this shld be in the 60 series...wonder why so high still
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lighter87 Master	05-May-2020 09:49        lighter87 About Contact  Quote this Post!
x 1   x 0  Alert Admin	still playing left hand to right hand to jack up the price.
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Trader130 Supreme	05-May-2020 04:30        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	More volume means uptrend soon  iceberg      ( Date: 04-May-2020 09:35) Posted: NEED MORE VOLUME!
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SgYuan Supreme	04-May-2020 18:21        SgYuan About Contact  Quote this Post!
x 1   x 0  Alert Admin
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HendriJB Supreme	04-May-2020 11:39        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	[ Genting Singapore (SGX:G13) : All Bets Are Off ] ➠ Cutting #GentingSingapore's FY20/FY21F EBITDA by 40% and 22%. ➠ COVID-19 to have a lasting impact. ➠ Lacks catalysts, but dividend yield should help support share price. ➠ Downgrade to HOLD. - DBS Research 2020-05-04.
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lighter87 Master	04-May-2020 09:37        lighter87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the volume now is small fry compared to last week, i think dow need to do a limited down before people really start to throw iceberg      ( Date: 04-May-2020 09:35) Posted: NEED MORE VOLUME!
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iceberg Member	04-May-2020 09:35        iceberg About Contact  Quote this Post!
x 0   x 0  Alert Admin	NEED MORE VOLUME!
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Trader130 Supreme	04-May-2020 07:55        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing is free in this world , u have to pay a price sooner or later  Trader130      ( Date: 04-May-2020 07:34) Posted: Refer TA  Sgvale      ( Date: 04-May-2020 07:04) Posted: Depend you in or out m
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Trader130 Supreme	04-May-2020 07:34        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Refer TA  Sgvale      ( Date: 04-May-2020 07:04) Posted: Depend you in or out ma Trader130      ( Date: 04-May-2020 06:31) Posted: Previously pessimistic and said drop till 30 cents .. U turn now ... TP 1.3
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uiop1223 Supreme	04-May-2020 07:22        uiop1223 About Contact  Quote this Post!
x 0   x 1  Alert Admin	U confirm 50 cents over? TA_Expert      ( Date: 04-May-2020 00:22) Posted: Yes, you are not alone. Many people missed the boat after listening to all the fear news. Short sellers whacked it down but didn' t realise that someone is watching. After it fell to around $0.50 in March, they began to action and pumped it up to current level, killing all the short sellers. Casino companies are not so simple as they appear to be. The $0.50 low is over. Those who bought from that level are gaining because you believe in the company. You deserved to be rewarded. tangoanna      ( Date: 03-May-2020 22:39) Posted: Genting was one boat I missed. Won' t be surprised if go to 80 tmr. Markets are extraordinary.
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Sgvale Supreme	04-May-2020 07:04        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Depend you in or out ma Trader130      ( Date: 04-May-2020 06:31) Posted: Previously pessimistic and said drop till 30 cents .. U turn now ... TP 1.30 Trader130      ( Date: 03-May-2020 19:54) Posted: Tomoro Malaysia starts business Liao
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Trader130 Supreme	04-May-2020 06:31        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Previously pessimistic and said drop till 30 cents .. U turn now ... TP 1.30 Trader130      ( Date: 03-May-2020 19:54) Posted: Tomoro Malaysia starts business Liao
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Trader130 Supreme	04-May-2020 06:29        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will it break 80 cents later will know  tangoanna      ( Date: 03-May-2020 22:39) Posted: Genting was one boat I missed. Won' t be surprised if go to 80 tmr. Markets are extraordinary.
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TA_Expert Supreme	04-May-2020 00:27        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	It' s ok. That' s life. Move on to other counters. Newbie85      ( Date: 04-May-2020 00:23) Posted: So sad. I was waiting for it to drop to below 0.50. The boat left and never came back. :(
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Newbie85 Veteran	04-May-2020 00:23        Newbie85 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So sad. I was waiting for it to drop to below 0.50. The boat left and never came back. :(
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