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Genting Sing
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Genting SP Next Move
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Markie
Senior |
30-Mar-2014 10:31
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The gestation period for Genting is probably 2 years? Recall when Genting was only $0.80, people were already exiting the stock because of huge capital outlay to construct the development and low revenue gains. At that time, it was stuck in a range until when the development was near completion, the stock began to soar to new highs. I think such a trend would mirror similarly. Given that the response on OUE' s stock was lacklustre after the announcement of Casino plans, I would suppose Genting would probably get a one day boost and that' s about it. Do note that these developments (Japan and Seoul) take years to build. If you enter into Genting, you probably need to have tons of patience. I definitely do believe there is potential in this counter. After all, it is a gaming stock and gaming stocks are doing well all over the world. But, you probably need to scan its environment as well, which isn' t favourable for genting currently. |
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jj7007
Veteran |
30-Mar-2014 09:15
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Possibly. More house may follow suit to upgrade especially after announcement. If it does happen, it may test the highs of 1.50+ and maybe 1.80 by end of the year |
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i_love_girls
Veteran |
29-Mar-2014 22:13
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CIMB seems to be cock eye in determing stock's price. They say thaibev will reach 0.7++ long time ago but now until neck long long have't seen yet. I believe genting will rise but not so much lah | ||||
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Jackpot2010
Master |
29-Mar-2014 21:44
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CIMB target price for GenSp: $1.81 (28 Mar 2014). Moving forward with Jeju  Genting Singapore (GENS) has announced that the conditions precedent for  the JV to develop a US$2.2bn integrated resort (IR) on Jeju Island have been  met. This includes government approvals for the venture. We therefore expect  some form of official announcement by the Korean government to follow,  similar to the Caesar, Lippo and OUE JV in Incheon. We keep our  RNAV-based target price and EPS forecasts, and maintain an Add rating. The  key catalyst for GENS&rsquo s share price is the utilisation of excess capital on its  balance sheet. The Jeju JV is a prelude to the full potential of GENS&rsquo s balance  sheet, which is expected to be fully unlocked if it does secure a concession in  Japan as well.    What Happened  GENS has announced that all the conditions precedent for the JV with Landing  Int&rsquo l to develop and operate a US$2.2bn IR on Jeju Island have been met in  order for the deal to move forward. This includes government approvals for the  JV as well as the execution of management agreements between GENS and  Landing with regards to gaming operations, the theme park, hotel and  residence business.  What We Think  We expect some form of official announcement to follow, similar to the JV  between Caesars, Lippo Group and OUE Limited, which received preliminary  approvals on 17 Mar from the South Korean Ministry of Culture, Sport and  Tourism to develop the first foreign-owned IR and foreigner-only casino in  Incheon, South Korea. GENS&rsquo s Jeju JV will be the second foreign-owned IR  project in Korea, and a similar endorsement by the Korean government could  be a catalyst for GENS&rsquo s share price which has remained flat since announcing  the JV on 7 Feb. In comparison, Landing&rsquo s share price has risen 24%.  The next milestone would be for work to start in June and the JV to spend at  least US$300m in capex, marking the first phase of the project before receiving  the casino licence. The process is similar to what GENS went through in  Singapore.  What You Should Do  We value GENS&rsquo s 52% effective stake in the project at S$0.09 per share in  GENS&rsquo s RNAV, based on a 15% ROCE (which happens to be the aggregate  ROCE for the existing Genting properties so far). We expect the share price to  re-rate progressively as newsflow emerges on the Jeju JV in 2014 |
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i_love_girls
Veteran |
29-Mar-2014 18:16
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Why?
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stevenk
Senior |
29-Mar-2014 16:00
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Unlikely to break through 1.37. |
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spore1
Supreme |
29-Mar-2014 12:52
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Genting Sp may move up to test $1.36
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spore1
Supreme |
28-Mar-2014 11:23
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finally moving up. more likely to trend higher
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Flyordie
Veteran |
28-Mar-2014 03:58
![]() Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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Support at 1.3. If it broke, it may test 1.27 in short term. | ||||
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Cash-Cow
Member |
27-Mar-2014 14:42
Yells: "Chhi Kueh Only" |
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Today's volume looks good | ||||
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oceanblue
Veteran |
27-Mar-2014 10:12
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Looks like the support is around 1.30 - 1.31. | ||||
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enjoylife77
Veteran |
26-Mar-2014 19:32
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With a float of 12 billion shares and deteriorating numbers, there is no such thing as over sold. Don't buy assuming/hoping/expecting it will regain its past glory of $2.35. | ||||
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Stocky901
Supreme |
26-Mar-2014 19:22
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Good support at 1.30 | ||||
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spore1
Supreme |
26-Mar-2014 11:43
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it needs a strong re-bounce to move up
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Flyordie
Veteran |
26-Mar-2014 10:54
![]() Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!" |
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Fly or die | ||||
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guoyanyunyan
Supreme |
19-Mar-2014 10:34
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Genting to benefit from South Korea's tourism plans?Genting Singapore is a component stock of the STI, representing approximately 3% of the index. Genting's year-to-date decline of 12.4% has lagged the STI?s pull back of 2.3%. Closing at $1.31 yesterday, Genting is still trading below its 50-day moving average price of $1.39, indicating weakness in the stock. Casino resort plans in Korea The Singapore based casino operator has announced in February to develop a $2.2 billion casino resort in Jeju Island, South Korea. Genting will be partnering Chinese property developer Landing International Development Ltd to develop its first casino resort in South Korea.  18 March, South Korea government approved the development of the first foreign-owned casino resort in an attempt to attract more Chinese tourists. The resort will be jointly developed by Las Vegas based Caesars Entertainment and Hong Kong's property developer, Lippo Group. According to Bloomberg's report, the approval of the Caesars-Lippo project may be viewed as a gauge of the South Korean government's commitment towards the gaming industry.  According to data from the Korea Tourism Organization, South Korea plans to attract 10 million Chinese visitors yearly by 2020, more than double the 4.3 million recorded in 2013. If successful, resort operators such as Genting Singapore may stand to benefit from the influx of Chinese holiday-gamers to its casino resort on Jeju Island.     ...last:$1.305... Source: Macquarie Research |
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Stocky901
Supreme |
19-Mar-2014 09:51
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Short term quite bearish.   May trend down to 1.25. | ||||
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enjoylife77
Veteran |
18-Mar-2014 15:19
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Anyone still bullish ? | ||||
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yummygd
Supreme |
14-Mar-2014 14:11
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This is getting fing ridiculous | ||||
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wesely2k
Master |
14-Mar-2014 09:55
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In this horse year, Mad Horse still not yet ki siao? | ||||
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