| Latest Forum Topics / Genting Sing Last:0.615 -- |
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CityDev
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Dreamer_1234
Senior |
05-Feb-2020 00:01
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Not stupid la..., some people don?t understand keep saying bad about this counter and I really wonder why are they here if they think how lousy is GS??
When GS rebound, u will laugh the loudest and who dare say u stupid?!!
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TANPK123
Elite |
04-Feb-2020 22:53
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When gambler wan to gamble. They don't care got virus no virus. No money also go borrow. | ||||
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Trader130
Supreme |
04-Feb-2020 22:20
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I got some money inside the 3.7 B too 
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Trader130
Supreme |
04-Feb-2020 22:18
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👌 ✅
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Gencasino
Senior |
04-Feb-2020 22:12
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99.9% voted in favour of Japan casino 
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Gencasino
Senior |
04-Feb-2020 21:52
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Look ahead and beyond corona virus. Genting is really positive.  I would worry more about leasehold properties rather than a growing business. Which one is a depreciating asset vs which one has future growth potential? |
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Gencasino
Senior |
04-Feb-2020 20:54
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Bloody good fundamentals. Will hit back $2
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pkli899
Supreme |
04-Feb-2020 20:03
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Ya, me.....ME! Very stupid is it? GS has not been weak. In fact, with super low gearing (3%) and super cash rich (3.7B as at end of Sep19), it' s nothing but strong, financially at least.  
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Trader130
Supreme |
04-Feb-2020 18:08
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Once win then talk about resolution 3.... I will remember 
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pkli899
Supreme |
04-Feb-2020 18:05
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Sorry, cash or cash equivalent stands at 3.7B as at Sep 19. | ||||
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pkli899
Supreme |
04-Feb-2020 18:02
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Want to add on. RWS Revenue from non gaming component is increasing from 20% to current 30%. After the RWS 2.0 expansion, expect it to be much higher. Japan Govt actually like RWS model and what they want is a replica of RWS, with many components, not emphasize on casino alone. |
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Dreamer_1234
Senior |
04-Feb-2020 17:54
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Thanks for update. So for GS, it?s a long Long Long wait.... anyway we r stucked! Then just wait lor for dividend
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pkli899
Supreme |
04-Feb-2020 17:53
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One more thing, I didn' t notice any significant drop in visitors. Casino, I didn' t visit, so not sure about the patronage. |
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pkli899
Supreme |
04-Feb-2020 17:50
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Attended lengthy EGM (Due to many questions raised). Nothing much disclosed. Just some time frames. Result of bid likely end of this year or early next. Constructiuon starts 2021 or early 2022. Completion 2025 or early 2026. Funding, as I mentioned many times, no issue. Initially, will be from their cash reserves of 3.4B (as at end Sep 19). The rest will be partly from very cheap borrrowing and partly from investor/partner, if any. No equities fund raising planned. So, no dilute of our shareholding. As for Resolution 2 & 3 (all about incentives/rewards to Chairman/directors/management), both subject to wining the bid. No win, no reward. One surprise info was, contrary to believe, China tourists were never RWS main source of revenue. RWS visitors mainly are from our very own region (SEA - catchment of 600m population). Japan IR will target North Asia vistors (mainly Taiwan, Korea, China and their locals). So, no worry of diluting the source of visitors to RWS. One very good news, though they didn' t promise, is dividend (3.5 cents yearly) will be maintained. Having said all this, I, however, noticed that they no longer sound as confident as previously. Maybe because they know competition is really great. They even said, one bid, two bids or none at all. Anyway, they can only operate one even if they win more than one. |
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enjoylife77
Veteran |
04-Feb-2020 17:35
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GS had been weak way before the coronavirus issue. Retailers had been highly fixated with the Japan-license for a long time with 1 investor even accumulatad half million shares at high price. It is not so easy to profit from Genting group of companies.  | ||||
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Trader130
Supreme |
04-Feb-2020 17:04
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Will not happen ... positive news from MOH out soon 
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investshare
Supreme |
04-Feb-2020 15:22
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no diff, as there are no prc visitors. | ||||
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Goldfinger
Supreme |
04-Feb-2020 15:11
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Highly doubt that - SG already close the door to China visitors. If SG doesn' t even close schools, hard to imagine closing Casinos now.
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takemenow
Member |
04-Feb-2020 14:03
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Bad news for Genting. Closing like Macau casinos? | ||||
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Gencasino
Senior |
04-Feb-2020 13:57
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Some good news our way finally 
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