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Goldfinger Supreme	03-Dec-2018 07:41        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trade war cooling will benefit confidence and casino stocks across Asia.
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HendriJB Supreme	03-Dec-2018 07:10        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	GENTING SINGAPORE LIMITED (SGX:G13) Target Price 🎯 CGS-CIMB 2018-11-08 ADD $1.280 DBS Research 09 - 11 - 2018 BUY $1.550 Maybank Kim Eng 09 - 11 - 2018 BUY $1.290 OCBC Investment 09 - 11 - 2018 BUY $1.390 RHB Invest 15 - 11 - 2018 BUY $1.230 UOB Kay Hian 09 - 11 - 2018 BUY $1.380 Last Friday 30 - 11 - 2018 Buy More as now still cheap @ $0.97 Santa Claus to return to Wall Street (Soon!) Merry Christmas!!!
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Trader130 Supreme	30-Nov-2018 20:43        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Of course leverage will decline 2020 provided genting Malaysia win the case 😂 HendriJB      ( Date: 30-Nov-2018 19:55) Posted: Fitch says Genting outlook stable, but keeping eye on capex 30 Nov 2018 Japan Newsdesk Fitch Ratings Inc is keeping its stable outlook for its credit rating for Malaysian gaming giant Genting Bhd because it expects leverage levels to decline after 2020. Fitch Ratings said in a report on Friday that it expected the decline in leverage because of the added contribution Resorts World Las Vegas would make to Genting?s earnings and because of more moderate capital spending. The credit rating agency says if it becomes clear that Genting is operating with greater-than expected leverage, it may reconsider the current A- rating. Fitch affirmed the long-term foreign-currency issuer default rating for Genting and for its subsidiary Genting Overseas Holdings Ltd Genting?s ratings reflect its monopoly position in gaming in Malaysia and robust market share of around 36 percent in the duopolistic Singapore market [via subsidiary Genting Singapore Ltd],? Fitch says. ?Its leisure and hospitality business in these countries together accounts for around 80 percent of consolidated earnings before interest, tax, depreciation and amortisation The gaming industry in these countries is subject to close regulatory oversight, and the resultant barriers to entry impart a degree of stability to Genting?s cash flows over business cycles it added. Fitch says Genting has a relatively conservative capital structure with a net cash position in the first half of this year. The rating agency says Genting enjoys ?very comfortable liquidity? with a reported cash balance of MYR28 billion (US$6.68 billion) compared to total debt of MYR26 billion at the end of June this year The rating agency says Resorts World Las Vegas, built by an indirect subsidiary wholly owned by Genting, is developing a casino resort on the Las Vegas Strip that is scheduled to open in 2020 Fitch estimates that the project will cause capital spending to spike in 2019 and 2020, increasing Genting?s leverage above the level at which the rating agency will consider a negative rating action We have maintained a stable outlook based on our expectation that leverage will decline after 2020 with earnings contribution from Resorts World Las Vegas and a moderation in capex,? Fitch says. ?However, any material adverse changes to Fitch?s expectation of Genting?s leverage profile may lead to a negative rating action Resorts World Las Vegas is described as a ?multibillion-dollar integrated resort? that investment analysts suggested would cost US$4-billion The Telsey Advisory Group LLC says Resorts World Las Vegas may face a completion delay. In July, the research house said the opening of the resort was most likely to be later than planned, citing a decline in tourism from China caused by the ongoing U.S.-China trade dispute and sanctions Closer to home, Fitch reiterated its position that the Malaysian government?s decision to hike casino duties by 10 percentage points will have little impact on the group?s profitability. Fitch says the increase will cut Genting?s earnings before interest, tax, depreciation and amortisation by about MYR700 million a year. Growth, a reduction in marketing budgets and cutting jobs should offset the increase in the duty on gross revenue to 35 percent
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HendriJB Supreme	30-Nov-2018 19:55        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Fitch says Genting outlook stable, but keeping eye on capex 30 Nov 2018 Japan Newsdesk Fitch Ratings Inc is keeping its stable outlook for its credit rating for Malaysian gaming giant Genting Bhd because it expects leverage levels to decline after 2020. Fitch Ratings said in a report on Friday that it expected the decline in leverage because of the added contribution Resorts World Las Vegas would make to Genting?s earnings and because of more moderate capital spending. The credit rating agency says if it becomes clear that Genting is operating with greater-than expected leverage, it may reconsider the current A- rating. Fitch affirmed the long-term foreign-currency issuer default rating for Genting and for its subsidiary Genting Overseas Holdings Ltd Genting?s ratings reflect its monopoly position in gaming in Malaysia and robust market share of around 36 percent in the duopolistic Singapore market [via subsidiary Genting Singapore Ltd],? Fitch says. ?Its leisure and hospitality business in these countries together accounts for around 80 percent of consolidated earnings before interest, tax, depreciation and amortisation The gaming industry in these countries is subject to close regulatory oversight, and the resultant barriers to entry impart a degree of stability to Genting?s cash flows over business cycles it added. Fitch says Genting has a relatively conservative capital structure with a net cash position in the first half of this year. The rating agency says Genting enjoys ?very comfortable liquidity? with a reported cash balance of MYR28 billion (US$6.68 billion) compared to total debt of MYR26 billion at the end of June this year The rating agency says Resorts World Las Vegas, built by an indirect subsidiary wholly owned by Genting, is developing a casino resort on the Las Vegas Strip that is scheduled to open in 2020 Fitch estimates that the project will cause capital spending to spike in 2019 and 2020, increasing Genting?s leverage above the level at which the rating agency will consider a negative rating action We have maintained a stable outlook based on our expectation that leverage will decline after 2020 with earnings contribution from Resorts World Las Vegas and a moderation in capex,? Fitch says. ?However, any material adverse changes to Fitch?s expectation of Genting?s leverage profile may lead to a negative rating action Resorts World Las Vegas is described as a ?multibillion-dollar integrated resort? that investment analysts suggested would cost US$4-billion The Telsey Advisory Group LLC says Resorts World Las Vegas may face a completion delay. In July, the research house said the opening of the resort was most likely to be later than planned, citing a decline in tourism from China caused by the ongoing U.S.-China trade dispute and sanctions Closer to home, Fitch reiterated its position that the Malaysian government?s decision to hike casino duties by 10 percentage points will have little impact on the group?s profitability. Fitch says the increase will cut Genting?s earnings before interest, tax, depreciation and amortisation by about MYR700 million a year. Growth, a reduction in marketing budgets and cutting jobs should offset the increase in the duty on gross revenue to 35 percent
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HendriJB Supreme	30-Nov-2018 14:01        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Nov 08, 2018 Japan Newsdesk L GENTING Singapore 3Q profit up 46pct Net profit at Singapore casino operator Genting Singapore Ltd rose 46 percent year-on-year in the third quarter to SGD210.4 million (US$153.4 million), compared with SGD143.79 million in the prior-year period. Non-gaming revenue however rose 9 percent year-on-year to SGD192.8 million, compared to SGD177.1 million in the earlier reporting period. Genting Singapore, the operator of Resorts World Sentosa (pictured), said in its unaudited results that adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the third quarter were SGD318.8 million The company said in commentary accompanying the results that in the three months to September 30 the firm?s hotel business continued to outperform the industry with an average occupancy rate of over 97 percent Our mass gaming business delivered stable performance. Our VIP rolling volume continued to grow, and we remain prudent in our credit extension said the company. The firm does not give a breakdown for VIP revenue versus that for the mass market. Genting Singapore third-quarter [results] beat our estimates largely on stronger than expected non-gaming revenue,? said brokerage Sanford C. Bernstein Ltd. Gaming revenue was weaker than expected in mass tables, but VIP and slots were largely in line wrote analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu in a Thursday note. According to the brokerage, higher VIP volumes in the third quarter ? up 13 percent year-on-year ? are being driven by more credit extension, but the company remains focused on controlling its risk ?Mass table gross gaming revenue dropped 12 percent year-on-year as management attributed softness to competition from casinos in regional markets, especially from Cambodia,? said the Sanford Bernstein team. Genting Singapore reported an impairment loss on trade receivables ? including credit extended to VIP players but not paid back ? of SGD12.9 million for the third quarter, compared to nearly SGD14.0 million in the prior-year period. Japan opportunity In Thursday?s commentary, the company said it ?will look to sharpen? its marketing focus on the region?s premium-mass customers by refreshing our facilities and products to enhance the gaming experience It added: ?We will continue to pursue VIP rolling volume with measured credit risk appetite.? The company also said it would be launching a new musical show called Taru on December 7, to further attract more premium customers from our regional markets Described as a box-office hit in South Korea, the musical features life-sized dinosaur skeletons and award-winning Mandopop stars. 👉 👉 The show will be on stage until January 13, 2019 👈 🏽 👈 🏽 The company additionally stated that it continues to ?work steadily? towards the expected bidding process for a casino licence in Japan in the second half of 2019 following the passage of bills that will lead to the establishment of a domestic casino industry in that country. Specific cities have shown interest in having an integrated resort and we have responded to their requests for information, views and comments said Genting Singapore. The company did not identify the cities by name. It added: Concurrently, we have also engaged in discussions with stakeholders to understand the environment and the localities where such cities are involved According to Sanford Bernstein?s Thursday memo, Genting Singapore?s management ?sees Osaka as the most attractive city that has firmly committed to moving forward?. Several major global gaming operators have reaffirmed their respective interest in developing a casino resort in Japan. A number of industry executives expect the first casino licences to be issued in around the year 2020, with the first resorts to open for operation in circa 2025. For the nine months ended September 30, Genting Singapore reported gaming revenue of approximately SGD1.36 billion, up 2 percent on the nearly SGD1.33 billion achieved in the first nine months of 2017. Genting Singapore?s total revenue for the first three quarters of 2018 was SGD1.87 billion, a rise of 3 percent year-on-year, according to Thursday?s filing. Adjusted EBITDA for the period increased by 5 percent year-on-year to SGD943.6 million, ?led by higher revenue and improvement in operating margins arising from productivity initiatives as well as a more moderate impairment on trade receivables,? said the firm. Genting Singapore?s net profit for the first nine months of 2018 stood at SGD605.2 million, up 29 percent year-on-year.
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HendriJB Supreme	30-Nov-2018 13:55        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Singapore, 12 February 2018 ? Both tourism receipts and visitor arrivals for 2017 attained record highs for the second time in two years. Tourism receipts rose by 3.9 per cent to S$26.8 billion due primarily to growth in visitor arrivals across all top 10 markets and higher visitor arrivals from high-spending markets such as China, South Korea, United States (US) and United Kingdom (UK). Visitor arrivals increased by 6.2 per cent to 17.4 million, with 13 of the top 15 markets showing growth. Chief Executive of Singapore Tourism Board (STB), Mr Lionel Yeo, said, STB is pleased to report a second consecutive year of record tourism performance. The combined efforts of STB and our industry partners yielded strong results, against a context of better-than-expected global economic recovery, continued growth in Asia-Pacific travel and increased flight and cruise connectivity to Singapore. Together with significant initiatives to support industry innovation and competitiveness, we made excellent progress in 2017 towards our vision of quality tourism growth. For casino - still searching.... :)
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Trader130 Supreme	30-Nov-2018 13:19        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next year   visitors from Greater China will be more coming ..Anyone can survey roughly how much they spent on entertainment and visit to casino ?.  HendriJB      ( Date: 29-Nov-2018 15:34) Posted: Singapore visitor tally up 7.5pct, year to Sept 30 Nov 09, 2018 Japan Newsdesk Singapore had just over 14.03 million visitors in the first nine months of this year, 7.5 percent more than in the corresponding period last year official data indicate. The Singapore Tourism Board published figures showing the city-state had more visitors from all its main sources of tourists In 2010 the Singapore government permitted two casino resorts ? Resorts World Sentosa, operated by Genting Singapore Ltd and Marina Bay Sands, run by U.S.-based operator Las Vegas Sands Corp ? to open in the city. One of the aims of the casino liberalisation policy was to expand Singapore?s gross domestic product by boosting the number of inbound tourists, and the earnings from those tourists Singapore visitor data for the first nine months this year, indicated nearly 4.83 million came from Southeast Asia, 5.5 percent more than a year earlier The number of visitors from Greater China grew by 8.2 percent to nearly 3.45 million. The aggregate of visitors from North Asia grew by 2.7 percent to just over 1.1 million and the number from South Asia grew by 13.6 percent to nearly 1.32 million The tally of European visitors to Singapore in the first nine months of this year grew to nearly 1.56 million, or 14.7 percent more than a year earlier, the tourism board data showed.
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HendriJB Supreme	30-Nov-2018 09:09        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Now Genting Singapore have put in their bid and result out February or March 2019. Grouchycabi      ( Date: 30-Nov-2018 07:55) Posted: This Japan casino news I first heard in 2012. Six years have passed. Still ongoing. callers      ( Date: 29-Nov-2018 15:29) Posted: So which month in 2019 will the bidding results for the Japan casino be made known??
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Grouchycabi Master	30-Nov-2018 07:55        Grouchycabi About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This Japan casino news I first heard in 2012. Six years have passed. Still ongoing. callers      ( Date: 29-Nov-2018 15:29) Posted: So which month in 2019 will the bidding results for the Japan casino be made known??! huathuat88888      ( Date: 29-Nov-2018 11:27) Posted: Bidding Process will already wake up all funds attention on major casino operators. Genting must find " 2 strategic investors ". These 2 very important.
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WhiteCandle Member	29-Nov-2018 20:41        WhiteCandle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before release of next quater result, don' t you think 2.5mths too less for these price range ? ^ ^ HendriJB      ( Date: 29-Nov-2018 12:18) Posted: Genting Singapore Look with targets at 1.00 & 1.05 in extension.
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Trader130 Supreme	29-Nov-2018 16:39        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good figure HendriJB      ( Date: 29-Nov-2018 15:34) Posted: Singapore visitor tally up 7.5pct, year to Sept 30 Nov 09, 2018 Japan Newsdesk Singapore had just over 14.03 million visitors in the first nine months of this year, 7.5 percent more than in the corresponding period last year official data indicate. The Singapore Tourism Board published figures showing the city-state had more visitors from all its main sources of tourists In 2010 the Singapore government permitted two casino resorts ? Resorts World Sentosa, operated by Genting Singapore Ltd and Marina Bay Sands, run by U.S.-based operator Las Vegas Sands Corp ? to open in the city. One of the aims of the casino liberalisation policy was to expand Singapore?s gross domestic product by boosting the number of inbound tourists, and the earnings from those tourists Singapore visitor data for the first nine months this year, indicated nearly 4.83 million came from Southeast Asia, 5.5 percent more than a year earlier The number of visitors from Greater China grew by 8.2 percent to nearly 3.45 million. The aggregate of visitors from North Asia grew by 2.7 percent to just over 1.1 million and the number from South Asia grew by 13.6 percent to nearly 1.32 million The tally of European visitors to Singapore in the first nine months of this year grew to nearly 1.56 million, or 14.7 percent more than a year earlier, the tourism board data showed.
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HendriJB Supreme	29-Nov-2018 15:34        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Singapore visitor tally up 7.5pct, year to Sept 30 Nov 09, 2018 Japan Newsdesk Singapore had just over 14.03 million visitors in the first nine months of this year, 7.5 percent more than in the corresponding period last year official data indicate. The Singapore Tourism Board published figures showing the city-state had more visitors from all its main sources of tourists In 2010 the Singapore government permitted two casino resorts ? Resorts World Sentosa, operated by Genting Singapore Ltd and Marina Bay Sands, run by U.S.-based operator Las Vegas Sands Corp ? to open in the city. One of the aims of the casino liberalisation policy was to expand Singapore?s gross domestic product by boosting the number of inbound tourists, and the earnings from those tourists Singapore visitor data for the first nine months this year, indicated nearly 4.83 million came from Southeast Asia, 5.5 percent more than a year earlier The number of visitors from Greater China grew by 8.2 percent to nearly 3.45 million. The aggregate of visitors from North Asia grew by 2.7 percent to just over 1.1 million and the number from South Asia grew by 13.6 percent to nearly 1.32 million The tally of European visitors to Singapore in the first nine months of this year grew to nearly 1.56 million, or 14.7 percent more than a year earlier, the tourism board data showed.
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HendriJB Supreme	29-Nov-2018 15:32        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Feb/March 2019 callers      ( Date: 29-Nov-2018 15:29) Posted: So which month in 2019 will the bidding results for the Japan casino be made known??! huathuat88888      ( Date: 29-Nov-2018 11:27) Posted: Bidding Process will already wake up all funds attention on major casino operators. Genting must find " 2 strategic investors ". These 2 very important.
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callers Member	29-Nov-2018 15:29        callers About Contact  Quote this Post!
x 0   x 0  Alert Admin	So which month in 2019 will the bidding results for the Japan casino be made known??! huathuat88888      ( Date: 29-Nov-2018 11:27) Posted: Bidding Process will already wake up all funds attention on major casino operators. Genting must find " 2 strategic investors ". These 2 very important. HendriJB      ( Date: 29-Nov-2018 11:04) Posted: Eyes on the prize: Singapore's gaming operators on Japan bid in 2019 Genting Singapore (GENS) is already beefing up its headcount in preparation for its Japan expansion. The thrill of new things in Singapore?s gaming companies are trying to get the ball rolling in Japan. Japan has yet to implement its Integrated Resort (IR) Implementation Bill and the process to get it through the finish line might take a while, but Genting Singapore (GENS) and Las Vegas Sands (LVS), acting for Marina Bay Sands (MBS), are already courting Osaka?s government for an eventual bidding by 2019. It was reported in August that GENS is already adding to its headcount in preparation for its Japan expansion. Meanwhile, Reuters reported that LVS has focused on engaging with local officials, businesses, and community groups in Osaka. Chief executive Sheldon Adelson even met with governor Ichiro Matsui in September. So the bidding of licenses will only commence at earliest in 2019 with license awards only in 2020, Wei Kiat Ng, analyst at S&P Global Ratings told Singapore Business Review. Best of Luck Genting Singapore 🇸 🇬 😊
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Trader130 Supreme	29-Nov-2018 14:06        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It vowed " to fully enforce its rights" under the deal and " claim for the cost of its investments and consequential and punitive damages." Read more at https://www.channelnewsasia.com/news/business/genting-lawsuit-disney-fox-malaysia-theme-park-shares-casino-10975190 Malaysia Boleh 😁 😁 😁 Goldfinger      ( Date: 29-Nov-2018 12:16) Posted: Bad news for RW Genting Highlands, ie casino tax hike and Fox Park abandonment is good news for RWS-Gens. Funny Mr Market chooses to ignore.
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Trader130 Supreme	29-Nov-2018 12:26        Trader130 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today Target 3 cents  Trader130      ( Date: 29-Nov-2018 09:06) Posted: TodY I Guess can up 3 cents at least 🌲 🌲 🌲
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HendriJB Supreme	29-Nov-2018 12:18        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Genting Singapore Look with targets at 1.00 & 1.05 in extension.
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Goldfinger Supreme	29-Nov-2018 12:16        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bad news for RW Genting Highlands, ie casino tax hike and Fox Park abandonment is good news for RWS-Gens. Funny Mr Market chooses to ignore.
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huathuat88888 Elite	29-Nov-2018 11:27        huathuat88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bidding Process will already wake up all funds attention on major casino operators. Genting must find " 2 strategic investors ". These 2 very important. HendriJB      ( Date: 29-Nov-2018 11:04) Posted: Eyes on the prize: Singapore's gaming operators on Japan bid in 2019 Genting Singapore (GENS) is already beefing up its headcount in preparation for its Japan expansion. The thrill of new things in Singapore?s gaming companies are trying to get the ball rolling in Japan. Japan has yet to implement its Integrated Resort (IR) Implementation Bill and the process to get it through the finish line might take a while, but Genting Singapore (GENS) and Las Vegas Sands (LVS), acting for Marina Bay Sands (MBS), are already courting Osaka?s government for an eventual bidding by 2019. It was reported in August that GENS is already adding to its headcount in preparation for its Japan expansion. Meanwhile, Reuters reported that LVS has focused on engaging with local officials, businesses, and community groups in Osaka. Chief executive Sheldon Adelson even met with governor Ichiro Matsui in September. So the bidding of licenses will only commence at earliest in 2019 with license awards only in 2020, Wei Kiat Ng, analyst at S&P Global Ratings told Singapore Business Review. Best of Luck Genting Singapore 🇸 🇬 😊
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HendriJB Supreme	29-Nov-2018 11:04        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	Eyes on the prize: Singapore's gaming operators on Japan bid in 2019 Genting Singapore (GENS) is already beefing up its headcount in preparation for its Japan expansion. The thrill of new things in Singapore?s gaming companies are trying to get the ball rolling in Japan. Japan has yet to implement its Integrated Resort (IR) Implementation Bill and the process to get it through the finish line might take a while, but Genting Singapore (GENS) and Las Vegas Sands (LVS), acting for Marina Bay Sands (MBS), are already courting Osaka?s government for an eventual bidding by 2019. It was reported in August that GENS is already adding to its headcount in preparation for its Japan expansion. Meanwhile, Reuters reported that LVS has focused on engaging with local officials, businesses, and community groups in Osaka. Chief executive Sheldon Adelson even met with governor Ichiro Matsui in September. So the bidding of licenses will only commence at earliest in 2019 with license awards only in 2020, Wei Kiat Ng, analyst at S&P Global Ratings told Singapore Business Review. Best of Luck Genting Singapore 🇸 🇬 😊
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