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15-Nov-2010 12:29

Genting Sing / GenSp starts to move up again

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Monday: 15 11 2010 prIce actIOns

OPENING

Time

Price

Trade Size

Bid-Ask

12:28:47

2.130

1,000,000

Bought From Seller

09:01:08

2.170

30,000

Bought From Seller

09:00:54

2.160

4,000

Sold To Buyer

09:00:53

2.160

2,757,000

Bought From Seller

09:00:51

2.150

10,000

Sold To Buyer

09:00:47

2.160

10,000

Bought From Seller

09:00:38

2.150

7,000

Sold To Buyer

09:00:37

2.150

30,000

Sold To Buyer

09:00:35

2.160

5,000

Bought From Seller

09:00:19

2.150

10,000

Sold To Buyer

09:00:19

2.160

200,000

Bought From Seller

09:00:16

2.150

1,285,000

Sold To Buyer

09:00:13

2.150

8,000

Bought From Seller

09:00:04

2.150

1,000

Bought From Seller

09:00:03

2.140

2,000

Sold To Buyer

09:00:03

2.140

100,000

Sold To Buyer

09:00:02

2.140

1,098,000

Bought From Seller

09:00:01

2.140

20,000

Bought From Seller

08:59:03

2.140

989,000

Bought From Seller

08:59:02

2.140

1,950,000

Bought From Seller

08:37:42

2.133

274,000

Page : 76

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15-Nov-2010 12:24

Genting Sing / GenSp starts to move up again

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BREATHING also must be careful

because of the #inherent tendency#

of HAZE in AIR.

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15-Nov-2010 12:21

Genting Sing / GenSp starts to move up again

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C A R E

Daily PremIse

In the AGE Of STUPID

UnUsUal #Inherent tendency# TEST

Everything must be careful

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15-Nov-2010 12:17

Genting Sing / GenSp starts to move up again

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natural market mechanism needs to work out the balances as mentioned at G20 meeting.

melgo5 ( Date: 15-Nov-2010 12:12) Posted:

Whats happening? Genting Spore 2.12?

pharoah88 ( Date: 15-Nov-2010 10:02) Posted:

are yOU nOt happy tO cOllect

S$8 mIllIOn a day ? ? ? ?

Is It beTTer than Chartered SemicOndUtor ? ? ? ?

Is It beTTer than COSCO ? ? ? ?

Is It beTTer than NOL ? ? ? ?

Is It beTTer than Tiger Airways ? ? ? ?

Is It beTTer than SMRT ? ? ? ?

Is It beTTer than SIA ? ? ? ?

[WHAT If A380 planes cOntInUe tO explOde In mId aIr ? ? ? ?]

#Other peOple's bUsIness ? ? ? ?#

whO are the Other peOple flyIng In mId aIr ? ? ? ?

dO SIA management accOmpany every passenger's flIght ? ? ? ?

ThIs Is the actUal applIcatIOn Of the UnUsUal #Inherent tendency# TEST

hOw rIdIcUlOUs ? ? ? ?

hOw absUrd ? ? ? ?

hOw naIve ? ? ? ?

hOw lame ? ? ? ?

hOw hOw ? ? ? ?

hOw lO ? ? ? ?

hOw I ? ? ? ?

Is It beTTer than . . . . ? ? ? ?

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15-Nov-2010 11:36

Genting HK USD / Genting HK US$

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In the 3rd wOrld

BEST to cOntrOl a Large Bank fIrst

tO be able cOntrOl the mOvement Of fUnds

and mOve CASINO prOfits

OUt Of the cOUntry

tO retUrn the CAPITAL brOUght In earlIer

and tO transfer fUrther prOfIts in fUtUre

epliew ( Date: 15-Nov-2010 09:04) Posted:

wow, even investment banker name is out..... know they have a banker, the investment strategies cannot be too bad.

so do not worry lah, yes doing business in sri lanka was bad until the tamil tigers were killed..... they are experiencing hunger to grow..... more people are putting money for manufacturing and investment in this formerly not so safe country...... casino is the first but since they invested in bank first then gaining entry into casino...... make me think they are planning well...... if you simply invest in casino, i am sure you have many areas to cover it ?

it is about timing.... I am sure it should cover their ass well when sri lanka bank is the backing.... and from bank transfer the profit like investing in other areas to stablised the economic situation........

but not sure if you have seen the RWS news, lots of indian are waiting to enter the casino...... and this country wealthy individuals are not any lesser than singaporean rich man...... so those VIP tables should be very profitable too ?

moneybear ( Date: 12-Nov-2010 22:33) Posted:

epliew,

not being racist or anything, but things can get really rough dealing with this countries ; deals can be reneged without the blink of an eye and the judiciary doesn't help. just a word of concern because i experienced what happened...but i guess DC (David Chua) being an ex-investment banker should have most sides covered.

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15-Nov-2010 11:23

Genting Sing / Traders Lounge - Daily opportunities for everyone

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OLAM is working for its

bOndhOlders ? ? ? ?

nOt sharehOlders ? ? ? ?

iPunter ( Date: 15-Nov-2010 10:51) Posted:

If free-fall means got something wrong...

So why still want to jump in? Smiley

ShareWithMe ( Date: 15-Nov-2010 10:49) Posted:

Oam free fall to 3.12. OMG !! Ok i aiming below 3.1 to enter again. Haa

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15-Nov-2010 10:09

Genting Sing / Traders Lounge - Daily opportunities for everyone

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BASED On

UnUsUal #Inherent tendency# TEST

when gUrU BT Is nOt arOUnd

That is The END Of The World In TRADING ? ? ? ?

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15-Nov-2010 10:02

Genting Sing / GenSp starts to move up again

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are yOU nOt happy tO cOllect

S$8 mIllIOn a day ? ? ? ?

Is It beTTer than Chartered SemicOndUtor ? ? ? ?

Is It beTTer than COSCO ? ? ? ?

Is It beTTer than NOL ? ? ? ?

Is It beTTer than Tiger Airways ? ? ? ?

Is It beTTer than SMRT ? ? ? ?

Is It beTTer than SIA ? ? ? ?

[WHAT If A380 planes cOntInUe tO explOde In mId aIr ? ? ? ?]

#Other peOple's bUsIness ? ? ? ?#

whO are the Other peOple flyIng In mId aIr ? ? ? ?

dO SIA management accOmpany every passenger's flIght ? ? ? ?

ThIs Is the actUal applIcatIOn Of the UnUsUal #Inherent tendency# TEST

hOw rIdIcUlOUs ? ? ? ?

hOw absUrd ? ? ? ?

hOw naIve ? ? ? ?

hOw lame ? ? ? ?

hOw hOw ? ? ? ?

hOw lO ? ? ? ?

hOw I ? ? ? ?

Is It beTTer than . . . . ? ? ? ?

epliew ( Date: 15-Nov-2010 09:51) Posted:

is it correct to say if 8millions result is still good ?

or very good.....

some healthy competition for the market since sands is fully operational ?

pharoah88 ( Date: 15-Nov-2010 09:38) Posted:

befOre 3Q result, daIly IncOme S$10 million average.

after 3Q result, daIly IncOme ~S$8 million average.

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15-Nov-2010 09:51

Genting Sing / GenSp starts to move up again

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On the Other hand

BASED On

#inherent tendency# TEST

gO back to farmIng and be SELF-SUFFICIENT

becaUse nOw:

# wOrld ecOnOmy Is a RISK ? ? ? ?

# wOrld fInancIal system Is a RISK ? ? ? ?

# wOrld cUrrency system Is a RISK ? ? ? ?

# wOrld bankIng system Is a RISK ? ? ? ?

# wOrld gOvernment Is a RISK ? ? ? ?

they are ALL

clUeless ? ? ? ?

cOmplacent ? ? ? ?

IncOmpetent ? ? ? ?

neglIgent ? ? ? ?

exUberant ? ? ? ?

STAY AWAY

frOm ALL Other peOple's invOlvment

Other peOple's cOncept Is hIghest RISK

Other peOple's mOney ? ? ? ?

Other peOple's prOblems ? ? ? ?

Other peOple's lOsses ? ? ? ?

Other peOple's lIfe ? ? ? ?

Other peOple's death ? ? ? ?

Other peOple's fUneral ? ? ? ?

Other peOple's RISKS ? ? ? ?

pharoah88 ( Date: 15-Nov-2010 09:33) Posted:

my target never change.

Financial Model does not change everyday.

Based on *REAL RISK* TEST,

TP S$2.48

>>>>>>>> S$2.68

>> >> >> >> S$2.98

[In lIne wIth analysts' UPGRADE]

epliew ( Date: 15-Nov-2010 08:35) Posted:

yes long term, but what is your short term target

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15-Nov-2010 09:38

Genting Sing / GenSp starts to move up again

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befOre 3Q result, daIly IncOme S$10 million average.

after 3Q result, daIly IncOme ~S$8 million average.

CheongCK ( Date: 15-Nov-2010 01:08) Posted:

Hi Tiancai007,

Genting Stock sold down from $1.28 to 0.85 when Genting issued a mandatory 450million share convitible bond to be converted to share at the price of 0.95cents.

After 1Q2010 report, showing a net income of about $110million, investor dump shares but after reading the financial result, Genting Actually made an income of about $300million + after deduction "Sales Cost". This is higher than expected. When Genting won the 2nd Casino, they worked out that the yearly income should be about $1billion which will pay back the cost of the Integrated Resorts in 5 years. After 1Q the yearly income worked out to be about $1.2billion per year. Most Analyse rated the shares up. The shares went up and held at about $1.22 to $1.29.

After 2Q2010 report, the share price went up to to date of $2.27.

3Q2010 report, Income is at $311 million, which yearly income still target at $1.2billion higher than initially expected, this means if the trend continue, the repayment for the IR should be less than 5 years.

tiancai007 ( Date: 14-Nov-2010 22:51) Posted:

Hi Samson, why are you so confident genting not testing 1.86 level? I remembered after 1st quarter result, genting went down to 0.85 from peak of 1.28. Seems like a dejavu again. I always very suay one. Buy when it is at high, then went down.

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15-Nov-2010 09:33

Genting Sing / GenSp starts to move up again

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my target never change.

Financial Model does not change everyday.

Based on *REAL RISK* TEST,

TP S$2.48

>>>>>>>> S$2.68

>> >> >> >> S$2.98

[In lIne wIth analysts' UPGRADE]

epliew ( Date: 15-Nov-2010 08:35) Posted:

yes long term, but what is your short term target ?

pharoah88 ( Date: 14-Nov-2010 18:28) Posted:

UnUsUal #Inherent tendency# TEST

Is there #Inherent tendency# that the GENTING SP's grOwIng mOney prIntIng system may UnUsUally cOme tO a HALT ?

CASE STUDY:

Over mOre than 35 years, Resorts World Genting at the Genting Highlands cOntInUe to grOw Its mOney prIntIng system wIthOUt a sIngle day Of dOwn tIme.

PERFECT SAFETY RECORD is mUch better than SIA

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14-Nov-2010 18:37

Genting Sing / GenSp starts to move up again

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mOst crItIcal TEST

wIll 4Q resUlt beTTer

3Q resUlt ?

pOssIbIlIty ?

prObabIlIty ?

predIctabIlIty ?

plannabIlIty ?

perfOrmabIlIty ?

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14-Nov-2010 18:28

Genting Sing / GenSp starts to move up again

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UnUsUal #Inherent tendency# TEST

Is there #Inherent tendency# that the GENTING SP's grOwIng mOney prIntIng system may UnUsUally cOme tO a HALT ?

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14-Nov-2010 18:21

Genting Sing / GenSp starts to move up again

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CUSTOMARY *REAL RISK* TEST

Is there *REAL RISK* that the GENTING SP's grOwIng mOney prIntIng system wIll cOme tO a HALT ?

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14-Nov-2010 18:15

Genting Sing / GenSp starts to move up again

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gOIng fOrward

pUrely an arbItrary chOIce between

CUSTOMARY *REAL RISK* TEST

versUs

UnUsUal #Inherent tendency# TEST

It Is ALL Up tO IndIvIdUal InvestOr and trader

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14-Nov-2010 18:08

Genting Sing / GenSp starts to move up again

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At 2Q announcement, it was clearly stated that there was exceptional VIP Luck Factor.

At 3Q announcement, it is confirmed that VIP Luck Factor is normalised.

Analysts' 4Q forecasts are based on normalised VIP Luck Factor.

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13-Nov-2010 17:39

User Research/Opinions / *DEVELOPED NATION* = #UNdeveloped CITIZENS#

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Nov 13, 2010

MINIMUM WAGE

Dilemma of a two-track economy

PROFESSOR Tommy Koh has proposed that we have a rational discussion on the pros and cons of a minimum wage in Singapore ('Don't knock minimum wage yet'; Thursday).

His arguments have largely been based on issues of social equity. I'd like to offer another view.

The argument against a minimum wage, on the grounds that our labour market pricing mechanism should be determined solely by the market, does not hold water in Singapore.

There is already state intervention in the pricing mechanism, whether overt or indirect, to achieve policy objectives.

The levy on foreign workers is a direct mechanism; the National Wages Council's recommendations is an indirect example.

Even adjustments to the Central Provident Fund during times of economic recession - to reduce labour costs to employers - are an intervention in the market.

In fact, the Government has overtly used labour pricing to achieve macro-economic objectives, most notably in the 1980s, when wages were jacked up artificially to help propel the economy out of low-cost, low value-added industries and towards a knowledge-intensive economy.

Singapore is arguably facing the same 'low-cost labour trap' again.

We have a dichotomised economy - a low-cost, low-skills service sector ranging from hospitality and retail to the construction industry versus a high- skilled, knowledge-based economy dominated by life sciences, information technology and creative industries.

The former is dominated by foreign workers and the Government's dilemma is in trying to reduce the foreign worker content as well as increasing the skills content, and in so doing, attracting more Singaporeans to this sector.

One way to do so is to introduce a minimum wage.

No doubt, critics can argue that this is using too broad an instrument to achieve specific policy goals which can be achieved by other means. There is also the not insignificant problem of how to determine what should be the minimum wage, and how to adjust it over time so that it does not end up distorting a free labour market in a major way.

I am not convinced of the arguments for or against a minimum wage. But I agree with Prof Koh that a thinking society should thoughtfully debate these and other issues of long-term importance to our society.

Ho Kwon Ping

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13-Nov-2010 16:51

User Research/Opinions / ???? SAFETY ???? and ???? The AUTHORIEIES ????

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ST Forum

Home > ST Forum > Story

Nov 13, 2010

SPORTS SCHOOL FOOD POISONING

Food prepared in school, not at caterer's HQ

I WISH to highlight a few points regarding Wednesday's article ('School caterer has history of poor hygiene').

ISS Catering Services, which catered food for the Singapore Sports School, is a professional and established full-service caterer. Additionally, it is HACCP-certified. HACCP, or Hazard Analysis and Critical Control Point, is a systematic, documented and auditable approach to food safety management.

It is the industry's chosen mechanism for assessing, implementing and managing food safety controls.

In order to be certified, ISS must adhere to a robust and disciplined implementation of food safety standards and practices.

Besides catering to the mass market, ISS has a track record of catering for high-profile events whose guests have included heads of state and foreign dignitaries.

To have catered to such events attests to the caterer's capability and ability to conform to high standards of hygiene and service.

The food served at the Singapore Sports School was prepared on the school's premises, not at the company's central kitchen where operations have been running normally.

It must also be noted that despite adopting stringent measures to ensure food safety, there are invariably factors that are beyond the reasonable control of a caterer.

Most of us take the business of catering for granted, but the service provided is so essential to our way of life.

The public should be aware that ISS has a track record of serving hundreds of thousands of meals without any incident over the years.

Joseph Lefort
Publisher, Catering online

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13-Nov-2010 16:49

User Research/Opinions / ???? SAFETY ???? and ???? The AUTHORIEIES ????

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Nov 13, 2010

SPORTS SCHOOL FOOD POISONING

Principal: NEA rated caterer 'A' for past 2 years

OUR school awarded ISS Catering Services the tender to prepare and serve cooked meals on our premises from January 2008 to next month. ('Mr Yap Swee Hoo, 'The sports school should have been more careful'; Thursday). The tender required the caterer to meet the essential requirement of food safety and quality assurance, including cleanliness and proper functioning of all kitchen equipment in their daily operations. The caterer had obtained a Grade A for hygiene standards from the National Environment Agency (NEA) during the past two years.

As part of standard operating procedure, we informed the Ministry of Health and NEA immediately about food-related illnesses. Each time, we instructed the caterer to clean the kitchen and dining hall thoroughly, and carry out NEA's recommendations. The kitchen was reopened only after getting NEA's approval.

In the first incident in January last year, the ministry and NEA could not pinpoint a specific causative agent. We took additional precautions to sanitise living areas of our student-athletes in the boarding facility to reduce a possible cause of infection that could have arisen from other sources.

When the incident recurred two months later, we instructed the caterer to ban a staff member of the caterer immediately after we were told that the worker was infected with salmonella.

In the latest incident, we closed the kitchen immediately and reopened it with NEA's approval. As a precaution, we stopped kitchen operations and instructed the caterer to supply individually packed meals from its central kitchen until next Monday, when our school will break for the year-end school holidays.

The NEA informed our school on Thursday that it had suspended the caterer's operations in our kitchen immediately, a decision that will not affect our daily operations as we had already provided for the meals to be supplied from the caterer's central kitchen.

Deborah Tan (Mrs)
Principal
Singapore Sports School

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13-Nov-2010 16:47

User Research/Opinions / ~TALENT mIs~develOpment=*WEALTH mIs*dIstrIbUtIOn

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Nov 13, 2010

Another view

'Give serious thought in the interest of an inclusive society where the income gap is not left entirely to market forces.'

MR K. KESAVAPANY: 'Professor Tommy Koh has advanced several cogent reasons why Singapore should not dismiss the option of having a minimum wage ('Don't knock minimum wage yet'; Thursday). The Government should give serious thought to the introduction of a minimum wage in the interest of an inclusive society where the income gap is not left entirely to market forces.'

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