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Genting Sing
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Genting SP Next Move
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marubozu1688
Master |
30-Nov-2012 23:49
Yells: "Be humble in front of Mr. Market." |
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If Genting SP cannot clear this resistance, down trend will continue. http://mystocksinvesting.com/singapore-stocks/genting-singapore/can-genting-sp-clear-this-down-trend-resistance/
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raykee
Veteran |
30-Nov-2012 19:10
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shall go inspect my company next week once my exam finishes
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wanglausern
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30-Nov-2012 18:54
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Biz very bad. Was at RWS last nite. High rollers' carparks were 80% empty at 9 pm. Their newly opened aquarium had to shut down at 6 pm instead of 10 pm because of poor biz. All their celebrity restaurants were at most 30% occupied.
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bishan22
Supreme |
30-Nov-2012 12:54
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Looks like a trend reversal is coming. Watch for 1.30 breakout. Good luck. 
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raykee
Veteran |
30-Nov-2012 12:37
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whatever the case, got grow can liao.... kor kor and jie jie holding at 2.14 should b relief liao | ||||
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p_for_profit
Member |
30-Nov-2012 10:19
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same question?? but happy to see rally:)
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New123
Supreme |
30-Nov-2012 09:40
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is there any news why Genting Sp rally up tdy? | ||||
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yipyip
Master |
26-Nov-2012 12:29
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.....EPS Q4'2012... est on high and low Eps
2012 VS 2011 (est on the highest 1.5cents* Q4) Q1 1.6cents VS 2.5cents -36.0% Q2 1.14cents VS 1.99cents -42.7% Q3 0.9cents. VS 1.71cents -47.4% Q4 1.5cents* VS 2.17cents -30.9%* FY 5.14cents* VS 8.37cents -38.6%* 2012 VS 2011 (est on the low 1.0cents* Q4) Q1 1.6cents VS 2.5cents -36.0% Q2 1.14cents VS 1.99cents -42.7% Q3 0.9cents. VS 1.71cents -47.4% Q4 1.0cents* VS 2.17cents -53.92%* FY 4.64cents* VS 8.37cents -44.56%* |
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skk888
Veteran |
26-Nov-2012 01:39
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I estimate it to be more than 1.1 but less than 1.5. End of year and start of year good business for them. Festive season.
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yipyip
Master |
26-Nov-2012 01:24
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What do u think of EPS Q4'2012...
2012 VS 2011 Q1 1.6cents VS 2.5cents -32.8% Q2 1.14cents VS 1.99cents -42.7% Q3 0.9cents. VS 1.71cents -47.4% Q4 ? cents. VS 2.17cents +/-??% I guess 1cent to 1.1cents for EPS Q4'2012.
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Juz_Invest
Member |
23-Nov-2012 09:08
Yells: "Price Up = Dont Be Happy! Price Down = Dont Be Sad." |
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1 0 Jurong plot for hotel project draws record bid By Zeinab Yusuf Saiwalla The Business Times | Fri, Nov 23, 2012 SINGAPORE - A record price has been set for hotel land in Singapore - $1,167.35 per square foot per plot ratio (psf ppr). This is for the first hotel development site in Jurong at Jurong Town Hall Road. A state tender drew 11 bids from major players in the industry including Ascott Holdings, City Developments and United Engineers Developments but Tamerton Pte Ltd, a wholly owned subsidiary of Resorts World Singapore (RWS) topped them all with its $238.2 million bid. Far East Organisation unit Boo Han Holdings in partnership with the group's listed vehicle, Far East Orchard, submitted a bid of $204.8 million or $1,003.56 psf ppr, placing it in second position. This was 16.3 per cent lower than the top bid by RWS, which is also a wholly owned subsidiary of Genting Singapore. HSR Property Group special adviser Donald Han said RWS's foray into Jurong is a strategic move aimed at capturing the Malaysian visitors market. "If they do not cater to some of their clients from Malaysia, who patronise their casinos but who do not have the budget for the $300-$400 rooms in Sentosa, they would lose out significantly on a potential income base," Mr Han explained. He added that the hotel development would most likely be a three-star property. Other bidders for the site were United Engineers Development ($984.50 psf ppr), Legend Land which is linked to Hotel 81 ($950.74 psf ppr), and City Development's Redvale Investments and Redvale Developments ($784.12 psf ppr). Though the record bid by Genting Singapore surprised most analysts BT spoke to, they are confident about demand for the upcoming hotel. "The estimated breakeven of between $550,000 to $580,000 per room may appear to be slightly on the high side for an untested area like Jurong East, but it could still be acceptable for Genting which, because of synergies arising from its RWS operations, has a captive market to itself. Filling up the bulk of the rooms should therefore be more confidently executed for them than by others," explained Savills Singapore research head Alan Cheong. Other than providing accommodation for visitors to RWS, the hotel will also be well placed to cater to the growing business community in Jurong East, explained Mr Han. "The timing is right and the fact that the hotel will be ready in the next three years or so, it will be right where the action is when the surrounding developments in Jurong Gateway are completed," Mr Han said. Said Jones Lang LaSalle national director Ong Teck Hui: "The long-term plans for Jurong Gateway do look very promising with a strong mix of office, retail, residential, hotel, entertainment and food & beverage uses. The site's close proximity to Jurong East MRT station, upcoming developments like Jem, Westgate and others make it particularly attractive." RWS currently owns six hotels with 1,500 rooms. This development is the group's first hotel away from Sentosa. Get The Business Times for more stories. |
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yipyip
Master |
21-Nov-2012 12:17
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It is like a beast, when it charge it go to sky high, when it down it break the ground.. ( 0.50 - 2.00 ) | ||||
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raykee
Veteran |
21-Nov-2012 11:45
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Well cos many of us brought at 2.xx so rather then make 100% loss, better to avg down and get the right time to sell off..... Guys what are ur new actions? | ||||
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Bopanha
Master |
21-Nov-2012 10:45
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Luckily you were smart. Positive sentiments will come after a spate of pressures by various factors. Cannot squeeze all the time, must let breathe in order not to kill.
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skk888
Veteran |
21-Nov-2012 01:35
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I was about to short this when they posted the results. But it seems like the company has enough loyalists to keep the price up. It's P/B is still high, but perhaps there's also good chance they can earn more in future. |
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yipyip
Master |
21-Nov-2012 00:51
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In case of anyone only read Genting's 3Q 2012 drop by -34.0% (y-o-y) on page 1 ..... you may want to see deeper into their P&L details (page 13 & 14):
Earning Per Share for 3Q end Sept: 2012 is 0.90cents. VS. 2011 is 1.71cents The EPS is drop as much as -47.3% (more share was issued) ! BOSAYOR http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8A4155BACC6B709748257AB400360835/$file/GENS_Announcement_Q32012.pdf?openelement
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yipyip
Master |
20-Nov-2012 09:21
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Genting Singapore suffers massive drop in client count
-(Singapore Business Review) Looks like its 38% profit crash won't rebound. According to Maybank Kim Eng, GENS represented that business, especially mass market drop, from Singaporeans continues to fall due to the challenging domestic economy.......http://sg.finance.yahoo.com/news/genting-singapore-suffers-massive-drop-090300789.html |
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Juz_Invest
Member |
16-Nov-2012 19:12
Yells: "Price Up = Dont Be Happy! Price Down = Dont Be Sad." |
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Genting S’pore shares hit 2-year low
By Janice Melissa Thean of theedgemalaysia.com | The Edge KUALA LUMPUR: Hit by lower gaming volume and weak quarterly results, Genting Singapore plc stocks plunged to a two-year low of S$1.20 (RM3) on Wednesday before closing at S$1.21. Having recorded its high of S$2.35 two years ago on Nov 9, 2010, the stock has now fallen back to the level when it first opened Resorts World Sentosa in February 2010, displaying a reversal in fortune unlike its Macau casino peers whose stock remains at high levels. Genting Singapore’s net profit for the third quarter (3Q) contracted 16% quarter-on-quarter (q-o-q), or 34% year-on-year (y-o-y), to S$138.4 million, prompting the selldown. Revenue slipped 5% q-o-q or 16% y-o-y to S$670.2 million as a result of a dip in gaming business on lower volume. Its competitor, Marina Bay Sands Pte Ltd (a unit of Las Vegas Sands Corp or LVS), the only other casino operator in Singapore, also posted a 21.06% drop in net revenue to S$625.5 million for the quarter. Genting Singapore’s sister company Genting Malaysia Bhd, which operates the hilltop casino at Genting Highlands, has yet to announce its 3Q results. The company posted an 11.8% y-o-y gain in 2Q revenue to RM2.12 billion, while net profit grew 58% to RM495.8 million. JPMorgan, in its note dated Nov 8, said Genting Singapore shares [at S$1.26 on Nov 8] were trading at over 100% premium to Ebitda (earnings before interest, taxes, depreciation and amortisation) multiple and a 70% premium to earnings multiple to Genting Malaysia. “With a 26 times FY13 price-earnings ration (PER) and a minimal dividend yield, Genting Singapore is [also] trading at a 75% premium to the Macau names,” JPMorgan said, adding that for 3Q, Genting Singapore did not declare any dividend. Compared with Genting Singapore’s volatile earnings, Macau casino operators like Sands China Ltd, the Hong Kong-listed unit of LVS, Galaxy Entertainment Ltd and so on have consistently delivered strong results riding on healthy gaming revenue growth in the former Portuguese colony. RHB Research, in its note on Wednesday, said Genting Singapore’s casino revenue fell 14.8% y-o-y on a weaker economic environment, although non-gaming revenue rose 6.5% y-o-y due to contributions from the new hotels and improved occupancy rates. But Genting Singapore’s net profit was impaired by weak rolling chip volume, which declined 3% q-o-q, and a lower win percentage. “We note the management’s continued cautiousness in extending credit to players, implicitly reflecting its weak assessment on the global economic uncertainties. This had resulted in the weak rolling chip volumes, and thus, the profit discrepancy between our forecast and actual results,” said Affin IB Research. While Genting Singapore’s gaming operations dragged down results in the quarter, the company also incurred S$9.3 million in pre-opening expenses on its Marine Life Park (MLP) leisure component. According to OCBC Investment Research, there will be more start-up costs associated with the rollout of the remaining attractions like MLP. “Nevertheless, the management feels it is getting a better handle on the business dynamics and margin recovery should come in 2Q13,” it said in a research note on Wednesday. At an analysts’ briefing, Genting Singapore expressed excitement over the liberalisation of the Japanese gaming market, which it is confident will happen in 2013, with a change in the government. The potential new government [in Japan] is open to changing existing gaming legislations. RHB Research said Genting Singapore may face competition risk in the region “in view of the liberalisation of the Asian casino industry and the revitalisation of construction plans aborted previously in Macau. Affin IB downgraded Genting Singapore’s FY12 to FY13 core net profit by 16% on its vulnerability to Asia’s slowing economic growth at least in the first half of FY13. The research house said a key re-rating catalyst will be new gaming projects as management has indicated it has a war chest of S$4 billion at the holding level. RHB Research and Investment Research have “underperform” and “hold” calls on Genting Singapore respectively. RHB Research has a fair value of S$1.15, while OCBC’s fair value is S$1.33. JPMorgan has an “underweight” rating, slashing its target price from S$1.10 to S$1.00. This article first appeared in The Edge Financial Daily, on Nov 16, 2012. |
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New123
Supreme |
03-Nov-2012 11:55
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expect the unexpected. they may post a better Q3. if not, then wait to pick up at $1.20 - $1.22
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wanglausern
Senior |
03-Nov-2012 00:42
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RWS very susah after Mabel Lee, President of high stakes gambling dept was pressured by CRA to resign in Aug. 100% RWS Q3 result will be worse than MBS.
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