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

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DJ MARKET TALK: Genting Singapore Off 1.1%; Down 12.8% Since Peak


30/09/2010 11:46 - 0345 GMT [Dow Jones] Genting Singapore (G13.SG) down 1.1% at S$1.88, potentially heading for its 7th closing loss in 8 straight sessions. Besides current broad market pullback, shares also bogged down by Macquarie's downgrade to Neutral from Outperform with lower target of S$1.75 vs S$2.10, citing market's "overly optimistic growth assumptions". Since year-to-date high of S$2.18 set last week, stock down 12.8% so far, although still +12.4% since start of September. While stock "grossly" oversold, AmFraser Securities strategist Najeeb Jarhom says traders still wary of rebound potential, but notes "chances of a quick bounce after this correction is over appear better than a lengthy consolidation", based on technical readings. Tips S$1.83-S$1.85 as key support range, rebound target of S$1.95-S$1.99. (frankie.ho@dowjones.com)

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DJ MARKET TALK: OCBC Lifts Genting Singapore Target To S$2.38

01/10/2010 08:57 - 0056 GMT [Dow Jones] STOCK CALL: OCBC Investment Research ups Genting Singapore's (G13.SG) target price to S$2.38 from S$1.85 after raising forecast for size of Singapore's gaming market for 2011 to S$7 billion vs S$6 billion. Keeps Buy call. Expects "pretty upbeat" results for 3Q10 on firm Singapore tourist-arrivals, which likely to head even higher in 4Q10 due to year-end seasonal effect. Says recent 15% pullback in share price from S$2.18 peak set in mid-September is healthy as run-up after 2Q10 results "was probably a bit too fast, too furious." Shares end down 2.1% at S$1.86. (frankie.ho@dowjones.com)

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DJ MARKET TALK: Genting S'pore +5.4%; Short Covering - Dealers

01/10/2010 12:13 - 0412 GMT [Dow Jones] Genting Singapore (G13.SG) +5.4% at S$1.96 on heavy volume, most active in market. Dealers attribute gains to short covering after almost sustained losing streak over last 8 sessions, with stock down almost 15% from all-time S$2.18 high set last week, prompted by CEO selling some shares in open market. "It seems like short-sellers are covering their positions. It might even close above S$2.00," says dealer at foreign brokerage. Besides broad market uptick, stock possibly also supported by OCBC Investment Research's target price upgrade to S$2.38 from S$1.85 after raising its Singapore gaming market forecast for 2011 to S$7 billion from S$6 billion; house keeps Buy call. (frankie.ho@dowjones.com)

盘古盘古

楼主，请问在新加坡买genting hk 的 transaction fee 是多少钱？

daniel888

DJ MARKET TALK: MS Downgrades Genting Singapore To Equalweight

07/10/2010 08:32 - 0031 GMT [Dow Jones] STOCK CALL: Morgan Stanley downgrades Genting Singapore (G13.SG) to Equalweight from Overweight on valuation grounds, risk of 3Q10 earnings disappointment. Notes stock trading at higher multiples than Macau peers after rising more than 60% since release of 2Q10 results. Expects 3Q10 EBITDA to fall 33% on quarter to S$347 million as 2Q10 results boosted by Resorts World Sentosa's monopoly gaming status, higher win rates; "the third quarter of the year is also seasonally weaker as it signals the end of summer holidays, and the Lunar Hungry Ghost month occurred in August." Still, lifts target price, based on discounted cashflow valuation, to S$2.00 from S$1.60 to reflect 3% annual increase in medium-term free cash flow. Shares flat at S$2.08 yesterday. (frankie.ho@dowjones.com)

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Genting Singapore Plc
Quick takes - Place more chips
(GENS SP / GENS.SI, OUTPERFORM - Maintained, S$1.98 - Tgt. S$2.45, Travel and Leisure)


Asians' passion for a flutter has spilled over from casino floors to casino stock prices. But we believe the game is far from over even though the sector has done spectacularly well YTD. The favourable economic climate will propel demand from a captive target market with a naturally higher propensity to gamble. While we are upbeat about Genting Singapore's (GS) long-term prospects, we flag the risk of luck normalisation which could hit 3Q's numbers. However, we retain our estimates which imply a S$6bn-8bn gaming pie for 2011-12 as there is potential for upside for GS from i) the licensing of junket operators and ii) prolonged market dominance. After i) applying an unchanged 15% premium to its Macau peers' higher target EV/EBITDA of 14x instead of 12.5x and ii) rolling over our valuation horizon to end-2011, our SOP-based target price rises from S$1.88 to S$2.45. GS remains an OUTPERFORM with key re-rating catalysts being i) a speedier ramp-up, ii) licensing of junket operators and iii) sustained market leadership. Given the recent sharp share price outperformance, we see risks of short-term weakness, especially if quarterly earnings disappoint.

daniel888

DJ MARKET TALK: Genting Hong Kong +3.5%; Competition Rising - UOB

11/10/2010 11:00 - 0259 GMT [Dow Jones] Genting Hong Kong (S21.SG) last +3.5% at US$0.45 as broad market uptick revives interest after cruise operator's losing streak over last 3 sessions. While stock has pulled back some 20.9% from 52-week high of US$0.55 set 3 weeks ago, gains this year still substantial, +67.3% year to date, +128.9% since beginning 2H10 on optimism over company's investment in Resorts World Manila. Still, UOB KayHian says stock has run up too much in short time; "our recent visits to Manila and the Penang cruise provided assurance that while our optimistic earnings forecasts for 2011 can be met, they leave little room for upside." Notes Resorts World Manila won't be "the only game in town" by end-2012 as Belle Corp. (BEL.PH) targeting soft opening of casino by 4Q11, while privately-held Bloombury on track to open 5-star hotel-casino by 4Q12. Resistance tipped at 20-day moving average, last at US$0.475. (frankie.ho@dowjones.com)

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Local tycoon blows $100m at the tables
Oct 12, 2010
by Conrad Raj

SINGAPORE - Sources have told Today that a local businessman, who appeared on the latest Forbes list of Singapore's 40 richest people, recently lost a total of $100 million at the two casinos here.

While significant, this is a fraction of his estimated net worth. But he's not the only high-roller to discover that "the house always wins". Around the same time, sources said, another tycoon from the timber-rich East Malaysian state of Sabah lost $50 million here.

"These guys can well afford the losses," said one high-roller who is a regular at Singapore's two casinos - at Resorts World Sentosa and Marina Bay Sands.

However, while gamblers losing $10 million to $20 million over a few sessions in the rooms reserved for high-rollers are no longer a rare breed, the source said that whispers of these two businessmen parting with a total of $150 million have raised more than a few eyebrows, even among the regulars.

News of these two multi-million-dollar casino losers comes amid an update that local businessman Henry Quek, who lost $26 million during a three-day gambling spree, is said to have settled his debts.

Mr Quek, the managing director of Far Ocean Sea Products, a seafood processing and trading company operating out of Fishery Port Road in Jurong, had initially considered legal action against Resorts World Sentosa for granting him credit too easily.
It is understood that the casino had shaved $6 million off his debt initially and another $3 million after the media reports about the case.

Mr Quek is said to have settled the rest of the outstanding debt. Unlike Mr Quek, the two latest multi-million-dollar losers, who are believed to have put their money at gaming tables of both Resorts World Sentosa and Marina Bay Sands, are said to have absorbed their losses without any complaints.

Against the backdrop of such mega-losses by individual high-rollers, analysts say it is not surprising Mr Sheldon Adelson, chairman of Las Vegas Sands, parent of Marina Bay Sands, predicted that Singapore could, in a few years, overtake Las Vegas as the world's second-largest gaming centre behind Macau.

URL http://www.todayonline.com/Busin ... Local-tycoon-blows-$100m-at-the-tables

daniel888

DJ MARKET TALK: UOB KayHian Cuts Genting Hong Kong To Hold Vs Buy

15/10/2010 11:32 - 0331 GMT [Dow Jones] STOCK CALL: UOB KayHian downgrades Genting Hong Kong (S21.SG) to Hold vs Buy, raises target to US$0.39 vs US$0.31; says recent visits to Resorts World Manila (RWM), Penang cruise "provided assurance that while our optimistic earnings forecast for 2011 can be met, they leave little room for upside." Tips FY11 net profit of US$182.4 million, raises FY 2010 earnings forecast by 21.5%, assuming stronger gross gaming revenue at RWM, which expected to generate net profit of US$116.9 million vs US$78.3 million previously. Adds, downgrade follows stock's "spectacular" over-100% rally since initiation on June 10; implied target 2011F P/E, EV/EBITDA of 17.2X, 10.9X respectively have already priced in strong seasonal earnings rise in 3Q10, "and at this stage, we do not foresee significant upside to our new forecasts for RWM." Highlights legalisation of Taiwan market, with media reports suggesting casino legalisation bill expected to be passed by end-2010, as potential catalyst as Genting HK expected to spearhead Genting Group's efforts in Taiwan. Shares +4.7% at US$0.450. (matthew.allen@dowjones.com)

daniel888

神隐

最近genhk不怎么会动。。。
交投量也不高。。。看来每个人都在等gensp的季度报告？？

男子汽水蓋

回复 112# 神隐


    是咯,我也在等她动 .有人有新的GENTINGHK消息吗?

daniel888

DJ MARKET TALK: Genting HK +3.4% In Good Volume; NCL In Focus

27/10/2010 11:36 - 0335 GMT [Dow Jones] Genting Hong Kong (S21.SG) +3.4% at US$0.455 after its 50%-owned Norwegian Cruise Lines files IPO registration statement with U.S. SEC; statement not yet effective. UOB-KayHian, which rates stock at Hold with US$0.39 target, says NCL plans to raise up to US$250 million, though number of shares, offer price range not finalised. NCL 3Q10 net profit +8.6% on-year at US$93.0 million, though says 3Q seasonally strongest quarter, expects softer 4Q. "Nevertheless, the results are above our expectations, and we will review our FY10 forecasts for a potential upgrade." On NCL's agreement with Germany's Meyer Werft to build two new cruise ships, says "we are mildly positive on this surprise expansion, but perhaps reflects an opportunistic expansion (cheap building cost), and a bet that U.S. consumerism would significantly recover by 2012." Orderbook suggests cap at US$0.470. Volume heavy with over 52 million shares traded, second most active stock. (matthew.allen@dowjones.com)

男子汽水蓋

GENTING HK总算有不错的消息了

daniel888

daniel888

DJ MARKET TALK:Genting Singapore May Fall; 3Q Net Pft Down On Qtr

12/11/2010 07:51 - 2350 GMT [Dow Jones] Genting Singapore (G13.SG) may slip as sequential fall in 3Q10 earnings suggests rival Las Vegas Sands, which owns Marina Bay Sands, gaining market share in Singapore. Net profit halved at S$187.8 million vs 2Q10's S$396.5 million as revenue down 24.0% at S$744.0 million, although better than S$93.3 million loss year earlier. EBITDA at S$346.5 million with 47% margin vs S$513.9 million, 52% margin in 2Q10. "We view the results as disappointing, and believe (they) could lead to negative price reaction. 2Q results were clearly one-offs, and investors extrapolating that momentum will need to lower expectations," says Goldman Sachs, which has Neutral call with S$1.46 target. Despite potential pullback, stock remains one of best performers in Singapore, +78.1% since August 12, when it reported return to profitability in 2Q10. Shares flat at S$2.28 yesterday. Firm support at S$2.10 (October 27 low). (frankie.ho@dowjones.com)

daniel888

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