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

daniel888

DJ MARKET TALK: Credit Suisse Ups Genting Singapore To Outperform

13/08/2010 10:36 - 0235 GMT [Dow Jones] STOCK CALL: Credit Suisse upgrades Genting Singapore (G13.SG) to Outperform from Underperform, raises target to S$1.68 from S$0.90, following "stellar" 2Q results. Raises 2010, 2011 EBITDA estimates by 68%, 69%, respectively "to reflect higher casino revenues and higher EBITDA margins." Forecasts assume daily casino revenues fall 10% in 2H below levels seen in 2Q and that "favorable luck does not continue into 3Q10." Share price last +11.7% at S$1.43.

葉芬

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 。
daniel888 发表于 15-8-2010 09:25 PM

   

難得有網友分享。
感恩。

謝謝你。

daniel888

DJ MARKET TALK: Citi Ups Genting Singapore To Buy; S$1.55 Target

13/08/2010 15:55 - 0754 GMT [Dow Jones] STOCK CALL: Citigroup upgrades Genting Singapore (G13.SG) to Buy from Sell, lifts target price to S$1.55 from S$0.99 after increasing FY10-FY12 earnings estimates by 20%-80% to factor in robust 2Q10 results. Notes performance confirms Genting as preeminent casino-resort operator in Singapore vs rival Las Vegas Sands. Says Resorts World Sentosa commands 67% of Singapore gaming revenue, based on average 2Q10 daily revenue; "the first-mover advantage of RWS and well-targeted product offering has achieved better loyalty with its customer base, of which two-thirds are non-Singaporeans." Shares +12.5% at S$1.44. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK:Genting Singapore +1.3%; Expectations Overdone-UBS

18/08/2010 10:24 - 0223 GMT [Dow Jones] Interest in Genting Singapore (G13.SG) notably lower following gains of up to 31.3% over last 3 sessions stoked by gaming group's return to profitability in 2Q10. Shares last +1.3% at S$1.54, not expected to challenge yesterday's S$1.68 high. Current volume mere fraction of 430.7 million shares daily average from August 13, day after 2Q10 results released. UBS, which has Buy call, says short-term expectations post-2Q10 results may be rising too aggressively; "we believe the upside due to the market underestimating the earnings power is now largely captured in the recent share price rise. In fact the near-term risk on the stock is over-inflation of expectations." Still, lifts FY11 EBITDA estimate for Resorts World Sentosa by 30%, resulting in S$2.02 target price vs S$1.52 previously. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Genting Singapore +7.5%; Hard To Repeat 2Q10 - GS

16/08/2010 15:34 - 0732 GMT [Dow Jones] Genting Singapore (G13.SG) +7.5% at S$1.57, extending Friday's 14.1% rally, as players remain hopeful of earnings prospects, market share in Singapore after gaming group returned to profitability in 2Q10 with S$396.5 million earnings, triggering slew of broker upgrades last week. Volume less than half of Friday's 682.8 million shares but still robust, making Genting most active stock in Singapore. Orderbook quotes suggest shares may test S$1.60. While most analysts bullish, some still cautious, noting strong performance in 2Q10 unlikely to be repeated. "Considering Singapore's regulatory cap on gaming space (two casinos capped at 15,000 sqm space each), Singapore may not see the same strong growth trajectory like Macau," says Goldman Sachs; has Neutral call but lifts target to S$1.46 from S$1.15 after increasing FY10-FY12 earnings estimates by 142%, 18%, 22% respectively to factor in 2Q10 performance.

daniel888

DJ MARKET TALK: BNPP Ups Genting Singapore Target To S$1.99; Buy

16/08/2010 09:19 - 0118 GMT [Dow Jones] STOCK CALL: BNP Paribas raises Genting Singapore (G13.SG) target price to S$1.99 from S$1.35, keeps Buy rating after casino operator reports strong 2Q earnings, erases doubts about profitability in first year of operations. "Management highlighted that in the next two quarters, they will be increasing the number of tickets sold for the (Universal Studios) theme park (at Resorts World Sentosa), and expect arrivals to rise too. In 2H10, Singapore will not only see the main year-end holidays, but will also host the Formula 1 and the Youth Olympic Games, which imply a sharp rise in tourists to Singapore," BNP Paribas says; adds, Genting Singapore "will set new record EBITDA performances in the subsequent quarters." Stock +3.4% at S$1.51, STI down 0.7%. (gaurav.raghuvanshi@dowjones.com)

daniel888

=DJ FOCUS: Singapore Gaming Could Rival Las Vegas Strip By 2012
By Sam Holmes Of DOW JONES NEWSWIRES

18/08/2010 15:17 - SINGAPORE (Dow Jones)--Singapore's nascent casino sector could rival that of the troubled Las Vegas strip in the next two years as Asian gamblers opt for the newer gaming offerings closer to home over the traditional casino center.

Forecasters are already looking to upgrade their expectations for the industry following better-than-expected second-quarter results for Genting Singapore's (G13.SG) Resorts World Sentosa, one of two casino-resorts in the city state.

Singapore opened its doors to gamblers earlier this year with two gaming and leisure resorts as the government looked to diversify its sources of economic revenue.

Genting Singapore, a unit of Malaysian-listed Genting Bhd. (3192.KU), last week reported S$860.8 million (US$633 million) in earnings for its US$4.4 billion Resorts World Sentosa complex for the second quarter, the first full quarter of operations for the resort. While Genting has not disclosed how much of this is derived from gambling operations, analysts estimate this to be about 70% to 90%.

These figures beat market expectations of about S$630 million and, while it's early days, suggest a much larger-than-expected gaming market with many of the casinos' facilities yet to come on line.

Genting Singapore opened the casino at its resort complex in mid-February with rival Las Vegas Sands Corp. (LVS) following with its US$5.5 billion Marina Bay Sands resort in late April.

The combined daily winnings of both casinos in the second quarter alone suggest an annualized Singapore market of US$4.0 billion.
"It's just proof that if you build it they will come and in Singapore they built two products that are worthy of that title," says Andy Nazarechuk, Dean of University of Nevada Las Vegas' Singapore campus.

"Las Vegas will continue to attract (Asian visitors) but instead of the player making two or three trips to Las Vegas in the year they may make only one trip and the other two trips may be more closer regionally."

Las Vegas-based gaming consultancy Galaviz & Company has relatively conservative forecasts for actual earnings in Singapore of US$3.5 billion in 2011 and projects the Las Vegas strip will earn US$5.8 billion, a modest improvement on the US$5.1 billion expected in 2010.

However, some among the investment community believe the Singapore market will approach the sorts of numbers Galaviz expects for the Las Vegas strip, which accounts for about half of the state of Nevada's gaming revenue, by 2012.

Aaron Fischer of CLSA has some of the more bullish forecasts, expecting the combined gaming revenues of both Singapore resorts to generate US$5.1 billion in 2011, up from his previous estimate of US$3.9 billion. Goldman Sachs also expects the sector could bring in US$5 billion in 2011.

"The appetite for gambling in Asia is significantly higher than it is outside of Asia," Fischer said.

CLSA has lifted the target price for Genting Singapore's stock to S$2.00 from S$1.30, and says the price could get up to S$3.00 as tourist arrivals increase and more tables, hotel rooms and retail outlets open at the resort in 2011.

A key turning point for the global casino sector took place in 2006 when Macau gaming revenue beat that of the Las Vegas strip.
There now appears little in that contest with Macau earnings expected to hit US$27.5 billion by 2011, according to CLSA.

However, Fischer says there are policy risks for Singapore's gaming sector.

"There's one big risk and that's at some point the government is going to work out that the market has become too big and there ends up being a lot of social problems in regards to gaming--I think the lag on that is two or three years," Fischer said.

daniel888

DJ MARKET TALK: Nomura Raises Genting Singapore Target To S$1.01

19/08/2010 09:57 - 0156 GMT [Dow Jones] STOCK CALL: Nomura raises Genting Singapore (G17.SG) target price to S$1.01 from S$0.71 but maintains Reduced trading recommendation. Following better-than-expected 2Q earnings, has raised EBITDA forecasts for both 2010, 2011 to S$1 billion from S$482 million and S$667 million respectively. But expects 2Q may have been peak quarter with 3Q normalized earnings expected to fall. Notes "consensus expectations have gone to S$6 billion, which we believe is not realistic given stringent junket rules." Expects market size likely to be closer to S$4 billion. Share price last down 0.6% at S$1.54.

daniel888

DJ MARKET TALK:Singapore Gaming May Rival Las Vegas By 2012-FOCUS

18/08/2010 16:13 - 0812 GMT [Dow Jones] Singapore's very young gaming sector revenues could rival those from Las Vegas strip in next two years, according to some estimates. CLSA expects sector to generate US$5.1 billion in 2011, which compares with Galaviz & Co.'s 2011 estimate of US$5.8 billion for Las Vegas strip for 2011. Reflects weakness in gaming revenues in traditional U.S. gambling Mecca of Las Vegas, especially as Asian players look closer to home at venues in Macau and now increasingly Singapore following opening of Las Vegas Sands' (LVS) Marina Bay Sands and Genting Singapore's (G13.SG) Resorts World Sentosa earlier this year. "The appetite for gambling in Asia is significantly higher than it is outside of Asia," CLSA analyst Aaron Fischer says. See: =FOCUS: Singapore Gaming Could Rival Las Vegas Strip By 2012

daniel888

DJ MARKET TALK: Genting S'pore Off 1.3%;Sustainability Eyed - NRA

24/08/2010 15:04 - 0703 GMT [Dow Jones] Genting Singapore (G13.SG) off 1.3% at S$1.57, but holding near last week's 52-week high of S$1.68. While stock consistently among most active in Singapore, volume has come off substantially since reaching 15-month high of 682.8 million shares on Aug. 13, day after gaming group announced return to profitability in 2Q10 with S$396.5 million earnings. "I think the main issue with Genting is whether the revenue it reported is sustainable. When a casino opens and is new, especially in Singapore, there is what I call the novelty effect," says NRA Capital chairman Kevin Scully, referring to 2Q10 revenue of S$979.3 million vs S$120.1 million year earlier; "what is more important to me is sustainable revenue and profit, and we are likely to only see this in year 2 or 3 when the novelty wears off." Shares expected to hold above 10-day moving average, last at S$1.48. (frankie.ho@dowjones.com)

daniel888

*DJ Genting Malaysia: Gets Holders OK To Buy UK Casinos From Genting Singapore
(MORE TO FOLLOW) Dow Jones Newswires
August 24, 2010 05:50 ET (09:50 GMT)

DJ Genting Malaysia: Gets Holders' OK To Buy UK Casinos From Genting Singapore

24/08/2010 18:13 - KUALA LUMPUR (Dow Jones)--Genting Malaysia Bhd. (4715.KU) said Tuesday that it has received shareholders' approval to acquire Genting Singapore PLC's (G13.SG) U.K. casino business.

The company, Malaysia's sole casino operator, said in an exchange filing that its shareholders on Tuesday approved the GBP340 million deal.

The Star newspaper reported that 60.39% of eligible shareholders at the extraordinary general meeting voted in favor of the deal.

Genting Malaysia had earlier said that 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.

Earlier this month, unit Genting New York LLC was named by the New York State Division of Lottery as the winning bidder for the 30-year rights to develop and operate a gaming facility at the Aqueduct racetrack.
Genting Bhd. (3182.KU) holds a 48.65% stake in Genting Malaysia and a 51.73% stake in Genting Singapore.

daniel888

DJ MARKET TALK: Genting Malaysia Down 1.6%; Gets UK Casino Buy OK

25/08/2010 10:15 - 0214 GMT [Dow Jones] Genting Malaysia (4715.KU) down 1.6% at MYR3.02 after casino operator won minority shareholder approval to proceed with GBP340 million acquisition of U.K. casinos from affiliate Genting Singapore (G13.SG); acquisition viewed as controversial as it's related party transaction, pricing viewed as expensive by analysts. "We are negative on the acquisition given the expensive valuation and low expected return on investment and challenging operating environment in U.K.," HwangDBS Vickers Research says; keeps stock at Fully Valued, with MYR2.30 target. (benjamin.low@dowjones.com)

daniel888

DJ MARKET TALK: CIMB Lifts Genting Singapore Target To S$1.88

25/08/2010 14:12 - 0611 GMT [Dow Jones] STOCK CALL: CIMB lifts Genting Singapore (G13.SG) target price to S$1.88 from S$1.38 after increasing FY10-12 core earnings forecasts by 76%-130% to assume increased daily table win rates, higher table count. Keeps Outperform call; "it appears that Singapore's gaming market could be worth a whopping S$5.5 billion." Estimates Resorts World Sentosa has 65%-67% market share. Says divestment of UK operations to Genting Malaysia (4715.KU) strategic as scope for synergy between UK business and Resorts World Sentosa has narrowed. Shares flat at S$1.54. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Singapore IRs Likely Added S$470M To 1H GDP - DBS

26/08/2010 16:27 - 0826 GMT [Dow Jones] Singapore's "integrated resorts" likely to have added about S$470 million to Singapore economy in 1H 2010, DBS economist Irvin Seah says; notes Las Vegas Sands' (LVS) Marina Bay Sands resort and Genting Singapore's (G13.SG) Resorts World Sentosa will likely add S$2 billion in 2010, or 0.7 percentage points of expected +15% GDP growth. Notes, "other services" component of 2Q GDP, which includes entertainment rose 12.9% on-year, vs historical +6.1% average. Notes, "contributions derived from the GDP statistics reflect only the direct impact of the IRs. The overall economic gains to the economy are likely to be significantly larger if the spinoffs to other industries are taken into account." (samuel.holmes@dowjones.com)

daniel888

DJ MARKET TALK: Macquarie Ups Genting Singapore Target To S$2.10

30/08/2010 08:49 - 0048 GMT [Dow Jones] STOCK CALL: Macquarie lifts Genting Singapore (G13.SG) target price to S$2.10 from S$1.60 after increasing FY11 EBITDA forecast by 23% to factor in stronger margin assumptions; "economies of scale should help to keep margin higher than initially anticipated. Furthermore, the company reckons that the aquarium and museum (at Resorts World Sentosa) will not be negative EBITDA when they open." Keeps Outperform call. Says another EPS upgrade can't be ruled out as RWS still ramping up, gaming penetration continues to increase. Shares end flat at S$1.60 Friday. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Genting Singapore Down 2.2%; Overbought - DBSV

02/09/2010 11:15 - 0314 GMT [Dow Jones] Genting Singapore (G13.SG) last down 2.2% at S$1.76 on profit taking after run-up to new 52-week high of S$1.83 in early trade. Pullback amid current gains by most other STI components not surprising given stock's 43% rally since August 12, when gaming group announced return to profitability in 2Q10. "We still like Genting Singapore, but the technical oscillators have become overbought," says DBS Vickers, which has fundamental Buy call with S$2.00 target; notes stock trading near consensus target price of S$1.85. Immediate support at 5-day moving average, last at S$1.70. (frankie.ho@dowjones.com)

daniel888

DJ MARKET TALK: Genting S'pore Off 1.1%; Gaming Demand Slows -UOB

02/09/2010 15:14 - 0713 GMT [Dow Jones] Genting Singapore (G13.SG) remains most active stock in market, off 1.1% at S$1.78 with over 221 million shares traded, biggest volume so far this week. Investors keen to book some gains after run-up by as much as 14.4% so far this week fuelled by hopes earnings momentum will remain strong in coming quarters after return to profitability in 2Q10. UOB KayHian, which has Hold call with S$1.59 target, says its own checks show gaming activity at Resorts World Sentosa over July-August points to noticeably weaker 3Q10 vs 2Q10, with traffic in August affected by 'hungry ghost' month. Tips 3Q10 gaming EBITDA of under S$350 million vs estimated S$480 million in 2Q10. Adds near-term valuations stretched, with stock trading at 11.7X 2011 EV/EBITDA vs 11.3X for Las Vegas Sands, which operates many more casinos than Genting Singapore. Support at 5-day moving average, last at S$1.70. (frankie.ho@dowjones.com)

yingzhi

为何只有英语?

CHLaw

为何只有英语?
yingzhi 发表于 3-9-2010 07:49 AM

樓主在前面的帖裡已經有解釋了，這位網友定是沒有爬帖。

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 。
daniel888 发表于 15-8-2010 09:25 PM

512MB

哇哈哈哈。。。
上两个星期0.275的时候，进了10粒。。
今天早上开市0.320，然后下回一点0.310
今天中午。。0.355。。
哇！爽到。。