Credit Suisse raises Genting Singapore (G13.SG) target to $2.65 vs $1.68, implying 16% potential upside, keeps Outperform, according to Dow Jones.
Credit Suisse says company’s 3Q10 on-quarter drop in revenue, earnings following record 2Q10 (boosted by favourable luck) was no surprise, with Sentosa revenue down 15% on-quarter, EBITDA down to $347 million vs 2Q’s $503 million.
Lowers FY10 net profit by 52% to reflect translation loss of $339 million on U.K. disposal but raises FY11-FY12 net profit by 32%-37% “as we believe strong tourist arrivals, a robust economy, active property market and rising stock market will likely translate into stronger casino revenues.”
Adds, company provides high beta, liquid exposure to Singapore tourism, potential catalysts include seasonally strong results for next two quarters, potential licensing of junkets in 2011. Says alternatively, parent Genting (3182.KU) provides cheaper exposure to Genting Singapore.
Shares off 7.0% at $2.12.
Latest Forum Topics /
Genting Sing
Last:0.6
-0.02
|
|
|
Traders Lounge - Daily opportunities for everyone
|
|||||||||
|
BullishTempo
Supreme |
12-Nov-2010 17:20
|
||||||||
|
x 0
x 0 Alert Admin |
LoL no. Based on what I observed for Wilmar and GenSp. I believe a safer approach for beginner traders should be as follows : 1) Buy 2 weeks before announcement date for a good stock with anticipated good earnings. 2) This stock should already be in uptrend for at least a month. 3) Sell one day before announcement and lock in your profits. 4) If results beat estimates, buy back after annoucement. 5) If results meet estimates, price will be flat. So no issue. 6) If results fall below estimates, you are safe, since you already exited. This approach will cut down a lot of risks for beginner traders, especially those who are not used to hedging a position before announcement date.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gaecia
Elite |
12-Nov-2010 17:15
|
||||||||
|
x 0
x 0 Alert Admin |
DON'T whack big in GENSP and hav a diversified portfolio!
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
BullishTempo
Supreme |
12-Nov-2010 17:13
|
||||||||
|
x 0
x 0 Alert Admin |
I am going to make some adjustments to Quarter 4 based on the lessons learnt in Quarter 3. Want to guess what it is?
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gaecia
Elite |
12-Nov-2010 17:13
|
||||||||
|
x 0
x 0 Alert Admin |
Going on mission trip to manila BT? ;p
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
cannotfind
Elite |
12-Nov-2010 17:13
|
||||||||
|
x 0
x 0 Alert Admin |
See... volume is 403mil... I am fortune teller again... next time listen to myself la. | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
BullishTempo
Supreme |
12-Nov-2010 17:12
|
||||||||
|
x 0
x 0 Alert Admin |
So whats the lesson learnt?
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
cannotfind
Elite |
12-Nov-2010 17:12
|
||||||||
|
x 0
x 0 Alert Admin |
BT, you never tell us where you go?
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gaecia
Elite |
12-Nov-2010 17:11
|
||||||||
|
x 0
x 0 Alert Admin |
cannotfind said u bought his. cost yest 2.31...
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
cannotfind
Elite |
12-Nov-2010 17:11
|
||||||||
|
x 0
x 0 Alert Admin |
Realised.... lucky GAR helped abit. sighed....
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
spiderman_er
Member |
12-Nov-2010 17:10
|
||||||||
|
x 0
x 0 Alert Admin |
All the best in your exam. I am taking CFA level 1 exam this Dec. Hope to learn some FA skills as well.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
iPunter
Supreme |
12-Nov-2010 17:09
|
||||||||
|
x 0
x 0 Alert Admin |
Of course it is real... All profits and losses are real... Because there's no such thing as "paper loss'... But there's 'paper profit' if you did not grab it in time ...
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
BullishTempo
Supreme |
12-Nov-2010 17:08
|
||||||||
|
x 0
x 0 Alert Admin |
Realised or unrealised?
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
BullishTempo
Supreme |
12-Nov-2010 17:07
|
||||||||
|
x 0
x 0 Alert Admin |
Have a nice weekend Guys and Gals ! See you all back in Quarter 4 !!! Take care and trade safely
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
cannotfind
Elite |
12-Nov-2010 17:06
|
||||||||
|
x 0
x 0 Alert Admin |
yeah... today I lost $8000 REAL money... | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
watermelon
Veteran |
12-Nov-2010 17:05
Yells: "A bird in the hand is worth two in the bush." |
||||||||
|
x 0
x 0 Alert Admin |
Thanks for sharing , it's been kind of u ! Good luck to ur exam !
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
icetomato
Elite |
12-Nov-2010 17:02
|
||||||||
|
x 0
x 0 Alert Admin |
5pm. Game over. Anyone queuing in the last 5min? Good luck to those who bought Genting today. Have a good weekend! |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
chris168
Senior |
12-Nov-2010 17:02
|
||||||||
|
x 0
x 0 Alert Admin |
Yes GSS. No get 2.10 but got some 2.12 for a bit of fun ...
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
funtrading
Member |
12-Nov-2010 17:00
|
||||||||
|
x 0
x 0 Alert Admin |
yes, yes, just not to lose money :(
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gaecia
Elite |
12-Nov-2010 16:56
|
||||||||
|
x 0
x 0 Alert Admin |
sorry typo, i mean long term.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
eeloon
Member |
12-Nov-2010 16:55
|
||||||||
|
x 0
x 0 Alert Admin |
All the best in your exams.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||




Digg
Del.icio.us
StumbleUpon
Netscape
Yahoo
Technorati
Googlize this
Facebook