| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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Trader130
Supreme |
22-Jan-2020 18:50
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Anyone know what are the criteria for PSS share Awards(GS)   for the executives and managers when they achieves good Net profit for the interest of shareholders ? | ||||
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Trader130
Supreme |
22-Jan-2020 18:34
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TTG TRAVEL AWARDS 2018   Best Integrated Resort RWS has won this award for 8 consecutive years SINGAPORE TOURISM AWARDS 2018 Best Dining Experience    CURATE Best Customer Service (Hotels)    Hard Rock Hotel Singapore Best Customer Service (Food & Beverage)    Syun Exceptional Achievement Award &ndash Universal Studios Singapore Halloween Horror Nights winning Best Leisure Event (2015, 2016 and 2017) TRAVEL WEEKLY ASIA READERS&rsquo CHOICE AWARDS 2018 Best Theme Park  Universal Studios Singapore Best Integrated Resort (Asia Pacific) Resorts World Sentosa TRIPADVISOR TRAVELLERS&rsquo CHOICE 2018 No.1 Amusement Park in Asia  Universal Studios Singapore Top 10 Water Parks in Asia  Adventure Cove Waterpark WINE & DINE SINGAPORE&rsquo S TOP RESTAURANTS 2018 House of Stars (2 Stars)    CURATE, Osia Steak and Seafood Grill, Syun House of Stars (1 Star)    Fratelli Trattoria, Ocean Restaurant   WORLD LUXURY HOTEL AWARDS 2018 Country Winner for Luxury Villa Resort    Beach Villas Country Winner for Luxury All Suite Hotel  Crockfords Tower Country Winner for Luxury Hotel.  Equarius Hotel WORLD LUXURY SPA AWARDS 2018 Country Winner for Luxury Resort Spa    ESPA COMMUNITY CHEST AWARDS 2018 Charity Platinum Award    Resorts World Sentosa HRM ASIA READERS&rsquo CHOICE AWARDS 2018 Best Corporate MICE Venue (for large scale events)    Resorts World Sentosa Best Business Hotel  Equarius Hotel 2018 WORLD TRAVEL AWARDS Asia&rsquo s Leading Family Resort    Festive Hotel Asia Leading Hotel Suite. Equarius Hotel SPA AWARDS 2018 BY THE SINGAPORE PACKAGING AGREEMENT Top Achievement Award (MNC)    Resorts World Sentosa |
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Trader130
Supreme |
22-Jan-2020 16:36
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Which resolution vote against and state why ? 🤩 | ||||
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Gencasino
Senior |
22-Jan-2020 12:05
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I agree with your analysis based on what I read so far also
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pkli899
Supreme |
22-Jan-2020 11:14
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If ever a partner is rope in, it will more be one that' s strategic rather than for it' s fund, IMO. Funding is not an issue to GS, they mentioned many times about it already. RWS 2.0 expansion spans five years. No external funding is required. The yearly cash flow generated more or less covered it. With progressive completion of the expansion, more cash will be generated. This will cover any shortfall needed to fund the expansion. The extremely large cash reserve of 3.2B as at Mar19 will be used for Japan IR if they are successful in their bid. The balance of the 10B expected to be spent for Japan IR will come from very very low interest/coupon rate JYP loan/bond. |
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Trader130
Supreme |
22-Jan-2020 01:20
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Confidential 🤝 💲
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Eddyson
Senior |
21-Jan-2020 21:30
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Ha ha....last paragraph. The company said also that it might undertake the Japan IR project together with other investors or partners, as part of a consortium. &ldquo If and to the extent the company undertakes the Japan IR project as part of a consortium, the company will only contribute its proportion of the total investment amount reflecting the ownership and funding structure of the consortium,&rdquo it added. Guess which investor or partners they are talkting about ? |
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Denverchee
Member |
21-Jan-2020 21:02
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I just received the circular. As a shareholder I can just go to the egm on 4feb right with my IC? | ||||
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Trader130
Supreme |
21-Jan-2020 09:46
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Thank you 
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Gencasino
Senior |
21-Jan-2020 09:01
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Thank you very much for sharing. Guess we need to wait for EGM now for further updates
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Goldfinger
Supreme |
21-Jan-2020 08:57
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From SGX announcements. This was the part on dividends.  But, they did caveat later as a risk factor that profits may diminish if they win the Japan IR....... 2.8.3 Dividend. In undertaking the Japan IR project, the Board will take into consideration, among other things, historical dividend pay-outs, aggregate debt levels and debt servicing commitments of the Group and will endeavour to maintain consistency in dividend pay-outs to Shareholders. Please see Section 2.9.1(c) for further information.
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Trader130
Supreme |
21-Jan-2020 08:43
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I think the Dream cruise profits can use offset a lot of miscellaneous bills inclusive of giving didvidends to shareholders..   Net profits is the extra earnings
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Gencasino
Senior |
21-Jan-2020 08:00
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How did you obtain the circular? Glad to know the info below. And neeed to ask good questions at the EGM. Maintaining dividends is good news. They need to manage the P& L too and not dilute shareholders funds. Means better management of the impairments and depreciation too. 
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Goldfinger
Supreme |
21-Jan-2020 07:56
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Frankly, if Genting Group can bring Dream Cruises to hub in Japan into its proposal, it would be a very formidable one. Especially with Zouk and the rest.  Also, Osaka and Yokohama are big port cities. They would be very interested in the cruise tourism business from China. | ||||
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Trader130
Supreme |
21-Jan-2020 07:51
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You are right Mr Goldfinger 
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Goldfinger
Supreme |
21-Jan-2020 07:08
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The positives I got from the extremely long circular were that they will get partners to share the cost proportionately and dividends can generally be maintained. I intend to go quiz about the RWS 2.0. | ||||
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Trader130
Supreme |
21-Jan-2020 06:08
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U are right Mr Michael Tan... 
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Gencasino
Senior |
20-Jan-2020 23:23
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https://www.casino.org/news/genting-singapore-is-tapping-debt-markets-to-fund-its-japan-plans/ | ||||
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Gencasino
Senior |
20-Jan-2020 23:16
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Think we go through the same logic. One train of thought is like yours. On another side we meee to question companies hoarding cash..they need to invest to grow right? Otherwise revenue and earnings stagnate and decline.   They can issue debentures and take loans. Plus they generate free cash flow of 500 million every year. 
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michaeltan
Master |
20-Jan-2020 22:56
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With higher levy to enter the Casino and increase in gambling taxes. This definately will pressure on the profit. Futhermore, RWS has committed to pump in  S$4.5 billion expansion plan in Singapore operation.  Now planning for 10 billion resorts Casino in Japan. May I know where is money come from? To borrow from banks or print money from right issue to shareholders? Judging from past history of Genting. Likely it will ask money from shareholders again. I guess this time will be 2 in 1.
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