*** Genting (Singapore/HK/Malaysia) News: May Consider Dividends - Citi ***

daniel888

DJ MARKET TALK: Hard For Genting S'pore's UK Ops To Grow -Macq

02/07/2010 11:17 - 0316 GMT [Dow Jones] Genting Singapore's (G13.SG) sale of UK casino business positive as it's tough for operations there to significantly grow profitability without further industry deregulation, such as allowing large-scale casinos, says Macquarie. Adds, UK government likely to impose fairly high tax rates on any new casinos. Notes Genting Singapore will benefit from sale through savings on interest costs due to lower debt, being able to focus purely on Resorts World Sentosa. Raises FY11-12 EPS estimates by 7% to reflect lower net interest expense, resulting in higher target of S$1.30 vs S$1.19. Keeps Outperform call. Shares +1.7% at S$1.20 on firm volume (most active in market) as improved earnings prospects drive interest. S$478.1 million impairment loss relating to UK operations largely responsible for Genting Singapore's 1Q10 S$396.3 million net loss. Having pulled back from early high of S$1.21, last tested in January, upside appears limited. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Genting Singapore +1.7%; Fortunate UK Exit -Citi

02/07/2010 09:51 - 0150 GMT [Dow Jones] Genting Singapore (G13.SG) +1.7% at S$1.20 as proposed GBP340 million (S$688.8 million) sale of money-losing U.K. operations to sister company Genting Malaysia (4715.KU) fuels hopes for stronger earnings profile. While Genting Singapore will book FX translation loss of S$338 million this year, bottom-line excluding exceptional item expected to improve. "Considering that the U.K. gaming operating business remains very tough, we view this exit as an escape for Genting Singapore and we view it as fortunate in that there was a buyer in the market," says Citigroup; "it means Genting U.K. will no longer drag on the performance of Resorts World Sentosa." Still, keeps Sell call, S$0.65 target on valuation grounds. Orderbook quotes suggest minimal upside beyond S$1.23. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Genting Malaysia Sinks On UK Casino Buy Plan

02/07/2010 09:19 - 0118 GMT [Dow Jones] Genting Malaysia (4715.KU) falls as much as 10% early, touching lowest levels since May 2009 as investors react negatively to company's plans to acquire Genting Singapore's (G13.SG) U.K. operations; Genting Malaysia and Genting Singapore are both controlled by Genting Bhd (3182.KU). Stock last at MYR2.58, down 5.8%, off earlier low of MYR2.46. Dealers, analysts say stock under pressure from concerns that acquisition of underperforming U.K. casinos would be drag on company. HwangDBS Vickers Research downgraded stock to Fully Valued from Buy, cut target price to MYR2.30 from MYR3.90; says investors generally dislike related party transactions; adds acquisition also represents inefficient use of company's cash as would generate returns on investment of only 5%. "Genting Malaysia may be better off investing in strong growth potential markets or return capital to shareholder." (benjamin.low@dowjones.com)

daniel888

DJ MARKET TALK: Genting Malaysia May Fall On U.K. Casino Buy

02/07/2010 08:03 - 0002 GMT [Dow Jones] Genting Malaysia (4715.KU) may fall to MYR2.70 (1-month low) after operator of Malaysia's only casino unveiled plans to buy U.K. casino operations of Genting Singapore (G13.SG) for GBP340 million; both Genting Malaysia, Genting Singapore are part of gaming group Genting Bhd. (3182.KU); acquisition of U.K. casinos comes days after Genting Malaysia emerged as one of 3 parties bidding for rights to operate New York's sole video lottery facility; dealer says move to transform Genting Malaysia from purely Malaysian-focussed company into international casino play positive in long-run, but "immediate investor reaction to the acquisition may be negative as the U.K. casinos have been losing money." No major impact expected on Genting Bhd. shares as deal effectively transfers operations from one unit to another. Genting Malaysia ended yesterday +0.4% at MYR2.74; Genting Bhd. +0.6% at MYR7.16.. (benjamin.low@dowjones.com)

daniel888

DJ MARKET TALK: Genting Singapore's UK Ops Sale May Boost Stock

02/07/2010 07:46 - 2345 GMT [Dow Jones] Genting Singapore (G13.SG) may gain as gaming group offers to sell its money-losing U.K. operations to Genting Malaysia (4715.KU) in a move set to ease pressure on its bottomline. Assets will be sold for about GBP340 million (S$688.8 million) vs GBP626.9 million Genting Singapore paid to acquire them in 2006. Impairment loss of S$478.1 million relating to U.K. operations largely responsible for Genting Singapore's 1Q10 S$396.3 million net loss. CLSA analyst Aaron Fischer says company losing almost half its original investment not "new news" as much of this already written down; "the big positive is that now Genting Singapore is a pure play on Singapore and not dragged down by the continued underperformance of the U.K. business. We believe the market will take this news well." Stock closed +0.9% at S$1.18, may rise above S$1.20 for first time since January. (frankie.ho@dowjones.com)

daniel888

=DJ UPDATE: Genting Malaysia Plan To Buy Genting Singapore's UK Casinos For GBP340 Mln
(Adds details, comment from Genting Malaysia Chief Executive)
By K.P. Lee Of DOW JONES NEWSWIRES

01/07/2010 20:03 - KUALA LUMPUR (Dow Jones)--Genting Malaysia Bhd. (4715.KU), Malaysia's sole casino operator, said Thursday it plans to buy the U.K. casino operations of Genting Singapore PLC (G13.SG) for GBP340 million in a bid to boost its overseas operations.

The acquisition--comprising 44 casino properties operating under a number of gaming brands including Crockfords, Colony Club, Maxims, Circus, The Palm Beach and Mint--will be the first of a number of acquisitions planned in Europe and the U.S., it said in a stock exchange filing.

"The acquisition presents Genting Malaysia with an opportunity to grow...(and) provides us with access to established casino brands and an extensive network of casinos already operating across the U.K.," said Genting Malaysia President and Chief Executive Lee Choong Yan.

On Wednesday, Genting Malaysia said its unit Genting New York LLC had submitted a bid for a video lottery licence for the Aqueduct Racetrack in New York. The winning bidder will be announced by the state lottery division on Aug. 3.
Genting Malaysia said the planned GBP340 million purchase will be satisfied in cash via the group's internally generated funds. The group had a cash balance of MYR5.27 billion as at March 31.

The transaction is expected to be completed in the second half of 2010, it said.

Genting Malaysia has appointed CIMB Investment Bank Bhd. as the main adviser for the proposed acquisition.
Genting Bhd. (3182.KU) holds a 48.65% stake in Genting Malaysia and a 51.73% stake in Genting Singapore.

- By K.P. Lee ; Dow Jones Newswires; (603) 2026 1233; kwan-por.lee@dowjones.com

daniel888

*DJ Genting Malaysia: Plan To Buy Genting Singapore's UK Casinos FOR GPB340M
(MORE TO FOLLOW) Dow Jones Newswires

July 01, 2010 06:17 ET (10:17 GMT)

DJ Genting Malaysia: Plan To Buy Genting Singapore's UK Casinos FOR GBP340 Mln
01/07/2010 18:40 - KUALA LUMPUR (Dow Jones)--Genting Malaysia Bhd. (4715.KU), Malaysia's sole casino operator, said Thursday it plans to buy the U.K. casino operations of Genting Singapore PLC (G13.SG) for GBP340 million.
Genting Singapore's U.K. operations comprise 44 casino properties and operate under a number of gaming brands including Crockfords, Colony Club, Maxims, Circus, The Palm Beach and Mint, Genting Malaysia said.
The acquisition will complement plans to enter markets in Europe and the U.S., it added. Genting Malaysia had previously said that it has submitted a bid for a video lottery licence in the U.S.
The transaction is expected to be completed in the second half of 2010, it said.
Both Genting Malaysia and Genting Singapore are units of Genting Bhd. (3182.KU).

beamboy85

有鬼吗？？？？

葉芬

有鬼吗？？？？
beamboy85 发表于 10-8-2010 09:45 PM

這位仁兄 別口無遮攔。


難得有網友在這分享。
應該感恩。

beamboy85

回复 29# 葉芬


    英台，有鬼也会影响的列。。。。

葉芬

回复  葉芬


    英台，有鬼也会影响的列。。。。
beamboy85 发表于 14-8-2010 06:28 PM

今天的你定是忘了吃藥，夠鐘吃藥了。

beamboy85

回复 31# 葉芬


    今天的你，也没好到哪去哦，是时候吃药啦。。。

daniel888

对不起， 我也想放华版本， 但是我收到的是英文版本。 你可以到以下的网翻译 。
http://translate.google.com.sg

daniel888

*DJ Genting Singapore: 2Q Net Pft S$396.5M Vs Loss S$50.7M
(MORE TO FOLLOW) Dow Jones Newswires
August 12, 2010 05:28 ET (09:28 GMT)

*DJ Genting Singapore: 2Q Revenue S$979.3M Vs S$120.1M
(MORE TO FOLLOW) Dow Jones Newswires
August 12, 2010 05:29 ET (09:29 GMT)

DJ Genting Singapore: 2Q Net Profit S$396.5M Vs Loss S$50.7M
12/08/2010 17:44 - SINGAPORE (Dow Jones)--Genting Singapore Ltd. (G13.SG) said Thursday it swung to a second-quarter net profit from a loss a year earlier, helped by revenue from the first full quarter of operation of its Singapore integrated resort.

The gaming group, which runs one of the two integrated resorts licensed to operate in Singapore, reported a net profit of S$396.5 million for the three months ended June 30 compared with a S$50.7 million loss a year earlier.
Total revenue rose to S$979.3 million from S$120.1 million a year earlier.

The second quarter includes the first full quarter of earnings for Genting Singapore's Resorts World Sentosa, which opened in February. Revenue for the integrated resort was S$860.8 million, while earnings before interest, tax, depreciation and amortization was S$503.5 million.

daniel888

=DJ UPDATE: Genting Singapore Swings To Profit As Resort Comes Online
(Adds quotes on impact of opening of rival casino resort in Singapore, background)
By Sam Holmes
Of DOW JONES NEWSWIRES

12/08/2010 18:48 - SINGAPORE (Dow Jones)--Genting Singapore Ltd. (G13.SG) said Thursday it swung to a second-quarter net profit, helped by revenue from the first full quarter of operation of its Singapore integrated resort.

The gaming group, which runs one of the two integrated resorts licensed to operate in Singapore, reported a net profit of S$396.5 million for the three months ended June 30 compared with a S$50.7 million loss a year earlier.

The second quarter includes the first full quarter of earnings for Genting Singapore's US$4.4 billion Resorts World Sentosa, which opened in February and features a casino, several hotels, restaurants, retail outlets and a Universal Studios theme park.

Total revenue rose to S$979.3 million from S$120.1 million a year earlier, most of which came from the integrated resort.
Revenue for the integrated resort specifically was S$860.8 million, while earnings before interest, tax, depreciation and amortization was S$503.5 million.

Genting Singapore said the occupancy rate at the hotels at its integrated resort was 70% with an average room rate of S$263.

U.S. gaming giant Las Vegas Sands Corp. (LVS) opened its US$5.5 billion rival integrated resort in Singapore in late April after earlier construction delays hampered its launch by several months.

"With the opening of Marina Bay Sands, our business showed resilience and our business model displayed impressive strength," Genting Singapore said in a statement.

"We continue to be optimistic with our business model for the rest of the year."

Revenue from the group's U.K. casino operations--which includes the Circus, Maxims and Mint--fell 3% to S$104.9 million, mostly due to the effects of currency fluctuation.

Genting Singapore, a subsidiary of Malaysia's Genting Bhd. (3182.KU), in July said it will sell its U.K. casino operations to sister company Genting Malaysia Bhd. (4715.KU).

daniel888

DJ MARKET TALK: Genting Singapore May Gain On S$396.5M 2Q Profit

13/08/2010 07:44 - 2343 GMT [Dow Jones] Genting Singapore (G13.SG) may rise as robust 2Q10 results fuel hopes Resorts World Sentosa will continue to deliver in coming quarters. Gaming group returned to profit with S$396.5 million earnings vs S$50.7 million loss year earlier, S$396.3 million loss in 1Q10, as revenue ballooned to S$979.3 million from S$120.1 million in 2Q09. EBITDA margin sharply higher at 52% vs 3% year earlier. Performance likely to remain resilient as Genting continues to roll out more attractions at RWS, including mega aquaria, marine life park, in 2011. "We expect the stock to be very strong on the opening," says CLSA; upgrades to Buy from Outperform, lifts target to S$2.00 from S$1.30 after increasing FY10-13 earnings estimates by 51%-56%; "we expect continued market growth as Singapore's integrated resorts have yet to fully tap into the huge Asian tourism potential." Shares closed +0.8% at S$1.28 yesterday, may challenge S$1.32 52-week high.

daniel888

DJ MARKET TALK: Genting May Rise; Genting Singapore Back In Black

13/08/2010 08:01 - 0000 GMT [Dow Jones] Genting (3182.KU) may rise to MYR7.89 (10-day moving average) vs yesterday's close at MYR7.70 (down 1.0%) says trader; this after 51.7%-owned unit Genting Singapore (G13.SG) swings to 2Q net profit of S$396.5 million from loss of S$50.7 million year earlier in first full quarter of operations for its new Singapore casino, theme park, resorts. Revenue rises to S$979.3 million from S$120.1 million previously; "we continue to be optimistic with our business model for the rest of the year," unit says. Trader says contribution from Singapore "very encouraging", profits flowing through to parent company's 2Q results due this month may prompt broker upgrades; "Genting's shares have taken a beating recently due to concerns over some of its overseas operations and investments... this news may bring back the buyers," trader says.

daniel888

DJ MARKET TALK: Genting +5.2%; Genting Singapore Results Top View

13/08/2010 09:11 - 0110 GMT [Dow Jones] Genting Bhd. (3182.KU) +5.2% at MYR8.10 after 51.7%-owned unit Genting Singapore (G13.SG) posts 2Q net profit of S$396.5 million vs loss of S$50.7 million year earlier on strong results from new Singapore casino, resorts. Trader says Singapore contribution will boost 2Q profits of parent company, tips immediate resistance at MYR8.30. Affin Investment analyst Chong Lee Len says currently reviewing Genting's fair value following better-than-expected earnings of Genting Singapore; this may "see us raising Genting's FY10-12 earnings by some 35%-40%. With that, our tentative Genting RNAV based fair value may be raised to MYR10.20/share," says Chong. House currently has stock at Reduce, target MYR7.80. (kwan-por.lee@dowjones.com)

daniel888

DJ MARKET TALK:Morgan Stanley Ups Genting Singapore To Overweight

13/08/2010 09:45 - 0144 GMT [Dow Jones] STOCK CALL: Morgan Stanley upgrades Genting Singapore (G13.SG) to Overweight from Equalweight, raises target price to S$1.60 from S$1.06 after casino operator's 2Q results top house's expectations; results include first full quarter of earnings from Resorts World Sentosa. Raises both EPS, EBITDA estimates by 57%-88% for 2010, 2011, respectively. "Further upside could come from increase in table count and junket introduction to drive VIP volume." Says based on recent numbers, Singapore's gaming market looks to be worth about US$4 billion. Stock surges 9.4% to S$1.40.

daniel888

DJ MARKET TALK: Genting S'pore +10.2%; 2Q Fuels Broker Upgrades

13/08/2010 09:50 - 0149 GMT [Dow Jones] Genting Singapore (G13.SG) soars to multi-year high of S$1.45 in early trade on strong volume, last +10.2% at S$1.41, as investors hopeful Resorts World Sentosa will continue to turn in stellar performance after helping gaming group return to profit in 2Q10 with S$396.5 million earnings vs S$50.7 million loss year earlier. Results have triggered slew of upgrades by brokers, including CLSA, Credit Suisse, Morgan Stanley, Citigroup. "Upside should be driven by consensus upgrades. We would not rule out a further EPS upgrade, as (Resorts World) Sentosa is still ramping up, gaming penetration is ramping up, and our EBITDA margin assumptions are still conservative," says Macquarie, which has Outperform call with S$1.60 target. Orderbook quotes suggest early high of S$1.45 may cap upside for time being.