Genting Sing    Last:0.73   -

outlook

3 hot pick on Monday ChinaCapReit, FReit and genting...
which one you take? =)

 

RM$30/- and S$0.50c. Let said someone out there play big big and if i play like them, i will run 1st, take my profit 1st, when it is settle, i shall buy back then to collect sa-more....co's they will ask all to come out more monies to pay for their purchase...so px will chenogg..1st B4 asking all to pay up and pocket more...Those big boys R all like that 1.

 

50cts target px Yahh..?? think tink who will run 1st when hit 50c. Have profit, take some, leave some for other. If it's down then, a case of sell on good news co's need to borrow and spend alot of $$$ to run IR-$ENTO$A. Maybe a profit taking chance here. weight the risk or wait for risk. Ur $$$ Ur decision. Genting profit coming in..not so soon.

 

50 cents is not impossible what... come on, Genting stock in Malaysia hit RM 29++..

 

BT 9 Dec:

In a report issued shortly after the announcement of the winner, investment bank Merrill Lynch - which gave Genting a 75 per cent chance of victory - said the win was a 'transforming deal' for Genting International.

'This project gives the company a major new engine for growth, an expanded portfolio of assets and enhanced credibility globally which should facilitate further success in future bids,' the report said.

Merrill Lynch, which has a 'buy' call on Genting, upgraded its price target for the stock to 50 cents from 42 cents. A value of seven cents a share was given for winning the Sentosa project. Genting's shares have enjoyed a good run on the Singapore Exchange lately, hitting a one-year high of 44 cents on Tuesday. The stock closed at 41.5 cents yesterday.

 

Published December 9, 2006
 
Win set to boost Genting shares as company goes global

By S JAYASANKARAN
IN KUALA LUMPUR

BY WINNING the right to develop the Sentosa integrated resort project, Malaysia's Genting Bhd group is poised to be re-rated as a global gaming company with operations in Malaysia, London and Singapore.


 
Mr Lim: Investors favour the new and brasher direction that the Genting chairman is taking 
More immediately, however, its triumph is expected to add considerable fizz to its share price.

'Although this (Genting's victory) was widely expected, it's still fantastic from a market perspective,' said Jason Chong, a fund manager with UOB-OSK Asset Management in Kuala Lumpur.

'I've seen brokers' reports which, including Sentosa, value Genting at between RM33-36 a share.' Genting closed at RM29.25 in Kuala Lumpur yesterday.

Genting's victory signals a new and brasher direction under its chairman Lim Kok Thay. Mr Lim, the son of Genting's patriarch and founder Lim Goh Tong, has eschewed the conservative, risk-averse ways of his father and stamped his mark on the group since taking over the reins in 2002.

The company has diversified into oil and gas, power and packaging, besides aggressively extending its gaming reach by investing in London - and now Singapore.

Investors like it. Genting's share price hit a historic high of RM30 recently, a fact company officials downplay by pointing out that the previous high was achieved during the mid-1990s - at a time when profits were half of those being achieved now.

Its 2005 net profit was RM1.25 billion (S$545 million).

Indeed, company officials reckon investors don't give Genting the valuations it deserves. Global gaming companies routinely trade at 33-35 times earnings, while Genting is trading at 14 times 2007 earnings.

But the Sentosa project will transform Genting into the world's third-largest gaming company, which could make it a must-have stock for fund managers in future.

On the other hand, the win on Sentosa could have negative consequences for Genting's flagship resort-casino atop the Genting Highlands east of Kuala Lumpur, although these would only kick in after 2009 when the Sentosa project is completed.

'It could affect visitor arrivals to the highlands by as much as 20 per cent because of curiosity about the new kid on the block,' said James Lau, chief executive officer of Southern Bank Securities.

'But it will be a temporary thing because, don't forget that the great pull about the highlands is its (low) temperature.'

The Singapore project is expected to cost $5.2 billion, but Genting, with its healthy balance sheet and net gearing of only 10 per cent, isn't likely to find funding a problem.

Indeed, analysts think that the project is a money spinner with an internal rate of return of 15-20 per cent, which indicates a payback period of five to seven years.

Moody's Investors Service yesterday affirmed the ratings of Genting and its associate Star Cruises, which will have a 25 per cent stake in the Sentosa IR project. The other 75 per cent is held by Singapore-listed Genting International, a subsidiary of Genting Bhd.

Moody's affirmed the A3 issuer and debt ratings of Genting Bhd with a stable outlook.

And it maintained Star Cruises' B1 corporate family rating with a negative outlook due to its high borrowings.

'While this large-scale greenfield project, with an estimated cost of over $5 billion, will increase Genting's exposure to development and execution risks, as well as capital needs in the medium term, it will also strategically strengthen the company's regional coverage and competitive position over the long term,' said Moody's lead analyst Kaven Tsang.
 

 

If really 50, i will be laughing all the way to the bank and will have a very very fat christmas and new year....Good luck to all vested

 

If it can really hit 50 cents like what nextdoor predicted, then huat liao... shiok.....

 

oh yeah, I am really a blur sotong, until now, I realized, there will be HARD ROCK HOTEL in the genting sentosa IR... isn't that cool, singaporean? ha ha... damn,  HARD ROCK ROCKS!!!! oh yeah, hardrock cafe just sold to somebody yesterday, heard the news from channelnewsasia... if not mistaken, they sold to red indian management, correct me if i am wrong~

 

waterfalls , I agreed with you. Genting share is still a penny stock.. I will re-enter again!! But whenever I purchased a stock, it always drop first then, rise again.. really jia lat... still remember during the football world cup, I bought it at 0.305, and it drops to 0.295, but it rised again, and I sold it before I went to Taipei in September at 0.355. but now, highest is 0.46, and closed at 0.415, if the opening price can be lower than 0.435, I will consider~

 

Minister for Trade and Industry Lim Hng Kiang said the Sentosa resort will add 0.8% to our growth rate and provide about 30,000 jobs by 2015.



Expect a selldown in Capitaland, now that they lost.

 

Genting share is still a penny stock. So I am vested for a longer term since I bought at quite a low price. If you look at how Genting Malaysia share price has risen over the years, you would have made a fortune by now :-)

 

IR will only operational about 2 years' time where the biz growth start.

Now any upside will be limited unless more good news to add fuel for cheonging.

 

Congratulations Genting! Hmm.. Interesting, that is the beauty of stocks~ Anyway, Genting wins, but I won at Genting too, heee... good luck for those who vested still...

 

the price has already taken into account before announcement and will enter into consolidation phase.

 

I predict the price to trade around 0.50 on Monday! Shiok!!!!!

 

SELL ON NEWS. COUNTER ALREADLY OVERBROUGHT.

 

S$5billion to spend on Sentosa IR.  Alot of $$$ to be borrow from bank liao. Buy Singtel & Bank stocks and sell on good news.

Gen Int'l px surge on MondayYahh...Just my tot.

 

Universal Studios at our door step now! Shiok!

 

I agree with ya knightrider, is really a big small game.