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1481-1500 of 1873
It fell after the Straits Times said that the firm has been quizzed by the Singapore government into allowing Stanley Ho to indirectly participate in the Sentosa IR via the share placement.
"No news is good news." is a dual meaning saying.
Down 7cts now, high volume. Is it going down the slippery way??
At this point, I doubt that the license and contract would be revoked. Unless GIL has clearly flouted the rules as stated in the RFP about company structure. Remember Singapore badly needed the Univeral Studio to anchor the push for tourism. Most likely, GIL will give some standard replies and assurances too.
ST today page 4 "Govt quizzea Genting over its tie-up with Stanley Ho", ""US-based Spectrum Group,..... are back in town."
Just in case if license and contract revoked, will Genting's price goe back to 0.20cents???
Anyone care to comment?
This is disgusting having to find all sorts of money to fund the SINtosa caSINo development. Our govt has stressed clearly of sth clean and fun. Now via some side doors we see Macau's Ho's feet involved in Sintosa casino via a 10% stake in Star Cruise. His son is one of the three bidders. Has our govt did a probablity analysis that Genting will go all out to raise funding be it unclean, dirty, filthy funds. This award is being held hostage by some character!
Traders also speculated that Stanley Ho may be buying GIL shares in the open market.
Genting International rose on a media report that casino mogul Stanley Ho may take a 10% stake in its sister firm Star Cruises.
Both Genting International and Star Cruises are controlled by Malaysia's Genting Bhd, a gaming and leisure firm.
"Stanley Ho is considered a strong investor, (and) the market has a love affair with following astute investors; so if he is comfortable with this deal, then others will follow," said one dealer from a regional brokerage.
The Straits Times reported that the deal is part of a plan by Star Cruises and Genting International to raise funds for the Sentosa IR. If the share purchase goes ahead, it could help Star Cruises to secure rights to build and operate a casino in Macau, the Straits Times said citing financial executives close to the deal.
Separately, a Malaysian daily reported that Genting Bhd plans to invest as much as US$3 billion to set up biofuel plants in Indonesia.
I hope it stays above $1 so we can 'continuing coverage' by Singaporegal!
It's on ST Money, last page, you can't miss it re: Stanley Ho and StarCruise. Since SCruise is still suspended, so no choice but to play Genting lor.
Don't know abt that news. Genting co and Resort World in Malaysia are planning a share split though, at the KLSE to make their shares more affordable. Genting is also investing in biofuel projects in Indonesia. Just some news to share, may or may not be relevant to Gen Int.
Heard some news about Stanley Ho going to buy a 10% stake in Starcruises and Genting is up on this news. Anybody have additional info?
$1 now... no longer classified as penny stock to me!
Genting making another run!!!...another good day for contra players...long and short
| Top Gainers | Last | +/- |
| GENTING | 33.75 |  1.250 |
| RESORTS | 15.30 | 0.800 |
| KSENG | 5.05 | 0.610 |
| MAS | 5.55 | 0.570 |
| IJM | 8.25 | 0.550 |
http://www.klse.com.my/website/bm/market_information/prices/index.jsp
Just FYI oni:
While doing a quick comparision with it very own counter part in M'sia (LKSE) at RM$32/- and hitting S5/- here, it's a long way to go B4 calling for more cash to be realize, even at S$/1- (RM$2.30c) Gen Int'l Boss (Datuk Lim) might as well do his calling for ready cash at Rm$32/- which i think he can't bring more RM$ here or to pour more cash into Sentosa IR which needed S$5 (billion to built) and another S$200 millon years for local construction to move on...for a start.
Teeth53 may be right. The sudden surge in price may just be a ruse for placement. After placement, the share may adjust downwards.
Less forum participants get carried away, can someone else check that the price is currently RM$32. Why shd Genting list it at a low price if it is RM$32? .
Personnal opinion oni: I think anything more then a dollar not worth to venture or to subscribe when monies is concern, real cash is needed to pay up. Those vested BBs certainly has TP px to hold for, for issuing placement share and/or to sell certain amount of share to any interested parties. This is very obvious as who do not want to sell it share at higher px, the high the better. Together with those day multiple traders plus contrarian, selling pressure from speculaters abound (plenty full at this moment), so it can be an up hill effort by BBs to maintain it above S1/- to $1.20c (nomally it will have to take a few or several days to maintain such price B4 calling for placement. JJJ
Woww.. pay up time seem over, now going for a dollar, then what, shortise waiting by the side getting ready...if it cross certain px that l@_@k arttractive, some could like to take profit liao for day traders.esp then buy again. yahh....J
Guess everyday traded to 3/4 hundred millions of share. How to pay up, everyday up down like roller coaster ride, every scary lay..., maybe over the years, one fine day RM$32 become RM$3.20, then how ??. As there is share which goes up S$3.80 , then come down to half the value of $0.38c, now value at oni S0.19c, like that then how ??.