Genting Sing    Last:0.73    -0.005

outlook

EastonBay

Your point is taken.  Just as you indicated each one is entitled to one's views.  And since I was expressing my personal opinion, "belittling" is far from my vocabulary.  Just remember that our MM, recently,  went off tangent in his remarks about the Malaysian Chinese being marginalised and had to subsequently apologise.

 

Someone started another tread re: Genting under General. I think it is a better tread here.

Well, I'm responding to IreneL's comment. I think Singapore Govt is professional enough to evaluate the candidates purely on merits and it is a business decision. Marina IR is a testimony to that.

If Genting gets it, it's because the Govt viewed it as most able to bring in constant flow of tourists to Singapore due to Universal Studio. We are belittling our professional Govt by saying "should not and ought not award to GIL on political grounds".  I don't think there was ever political concern. They run Singapore like a Inc.

Also, I don't understand how it would reflect that Sgp is submissive to its neighbour.

Just think of it, due to the South Johor development plan, they can conveniently build an IR there with GIL. What would the outcome be?

I'm not trying to start a political debate here. Everyone is entitled to their own opinion and this is just my humble opinion.

 

i am using GA on this. my tp is 53c.

 

I think Najib comment has caused alot of nervous ppls.

 

tks teeth53 4 yr timely reminder. Will trade with care!

 

Going for Genting IR bidding !!!??? It has run up liao, weight the risk or wait for risk, waiting for risk might get one richer, weight the risk might get U rich and what ?? can back later or buy back at higher px??. pondering (^_^)??? in the subconsious mind. Miscalculate the risk and it will back fire...Yahh Trade with care, good luck.  

 

Yes Genting has got a proven track record over the years. Also, I am a Genting supporter as I go there twice a year to relax and have fun!

 

Still anybody's guess, but the odds are for Genting. The 1st IR aredi have MICE for conference etc, so the 2nd more for entertainment n' family. I'm also for Genting. Results soon. Cheers !

 

sellers are retreating, looks like another buying wave coming. I am punting that Genting will win the bid! Cheerz!

 

i think Genting will win the bid! WHat's yr guess?

 

A bit cover-own-backside kind of comment  as the score btw the 3 contenders are just 10 pts apart. Still, GIL came out top.



Genting Intl (GIL SP): Merrill Lynch has tipped GIL as having 75% chance of winning the Sentosa Integrated Resort
bid, although the report goes on to say that losing the bid could send GIL's share price down by 30% to 27cts. ML gives
GIL a total score of 88%, while the Kerzner Intl-Capitaland (CAPL) scored 82% and Eighth Wonder came in with the
lowest score at 79%. Based on the process used for the Marina Bay licence, the report reckons that a government
decision on the winning bid could come between the dates of 04 Dec 06 and 08 Dec 06. (BT)

 

Agree.. i will hold on for the run up & pent up to the IR climax :-)

 

actually, for this counter, one cannot use the normal way to decide. This is a BET. 26 cents downside vs 80 cents upside. So, whether u buy at 38 or 40 cents ...... the winning is big the lossing is  ........hmmm.

Juz trade with the trend. If the trend is up,  go along if you can stomach the risk...... have taken position at 35, 38, 38.5 today ...  My friend has entered at 36 cents after she evaluates the risk vs reward.

Secondly, if one is using TA, 200MA is used only for long-term investors.  I believe at TAs believers are of short-term. 10, 50 & 100 MAs is the typical MA range.

 

From TA point of view, the price is still above the 200 Day MA of 35 cts. But there is more distribution than accumulation. There was a volume spike of 29 million shares on last Friday. Shows that traders are taking profit at betw 37 to 38 cts. Resistance remains at 39 cts which was its all time high.

 

yeah yeah, aft ligalise gamble next step is pros, then blow.
Next time heavy weight industrial is on gamble, pros, drink & blow =)

 

Hi YongJiu,

Yeh, the Geylang's one should call Integrated Brothel (IB) and same like New Zealand and Netherland to legalise the Pros. This will bring in some vibrant night life to enhance the taxation.

 

Hope this news won hit Gen Int too much.

Credit Suisse says it has cut its target price for the stock of Star Cruises Ltd, the Malaysian cruise line listed here and in Hong Kong, to 0.20 usd per share from 0.31 usd after the company reported wider-than-expected losses for the first nine months of this year.

    Credit Suisse is keeping its "neutral" rating for the stock.

    Yesterday, Star Cruises reported a nine-months net loss of 8.63 mln usd, having made a net profit of 43.61 mln usd a year before.

    In response, Credit Suisse said: "We are slashing our 2006 estimate to a net loss of 25 mln usd and 2007 net profit estimate by 70 pct to 31 mln usd."

    Credit Suisse said its reduced estimate of net profit for 2007 meant Star Cruises was trading at a prospective price-earnings ratio of 34.6 to one, double that of its peers, such as Carnival and Royal Caribbean Cruises.

    At 11.37 am, Star Cruises was up 0.005 usd or 2.7 pct at at 0.19, with 770,000 shares traded.

 

The outlook for this stock is good....just buy in and the chance of attaining the IR license in Sentosa look bright.  It will sure to  move north after the announcement before year end....merry x'mas.

 

Genting International Ltd. (GIL SP): The Singapore-listed arm
of Asia's biggest casino operator said third-quarter profit gained
17 percent from a year earlier to S$87 million ($55 million),
helped by higher dividend income from its British betting unit.
Genting was unchanged at 35 Singapore cents.

 

Then Gov-man should start another mega project bid along "Gelang" area.
With this entertaiment stuffs, sure attract more tourists aft spending/earning money in Casino. Then I would said the IR concept is more complete =)