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The closing price will have to depend on the mood of the market beast...
which no one can predict or foresee.
Our (traders) duty is only to tackle the market beast's unpredictable moves... 
BullishTempo ( Date: 12-Nov-2010 10:59) Posted:
I can't tell the future.
SnowCloud ( Date: 12-Nov-2010 10:55) Posted:
Thanks for the encouragement =)
What do you think the closing price would be for today |
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Olam is the black sheep in my portfolio! Haha.
And my GSP 2.27 contra lots! Luckily I bought 2.09 just now with another account and sold off. No need to Loss overall!
OCBC come and fetch me liao! Don't know if should jump in!
Gaecia ( Date: 12-Nov-2010 10:58) Posted:
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tomato, i bot gensp to avg down but not alot in case monday horror movie again... Hopefully djia will be up tonite, been red for many consecutive days 11,000 near term support has to hold.
Ltr i'll try to find a gd exit to offload Gar. Olam on kiv see whether it recovers abv 3.3x then will.... i mentioned before reversal pattern has been formed when no breakout frm the previous resistance.
icetomato ( Date: 12-Nov-2010 10:48) Posted:
| You bought? What have you bought today? |
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| Noble Group upgraded to 'buy' by DBS |
Tags: DBS Vickers Securities | Noble Group
| WRITTEN BY THE EDGE |
| THURSDAY, 11 NOVEMBER 2010 10:46 |
DBS Vickers Securities in a Nov 10 research report says: "Noble booked 3Q10 net profit of US$157.2 million (+19% y-o-y), bringing 9M10 earnings to US$358.1 million (-24% y-o-y) - representing 82% of our initial full year forecast, therefore ahead of our expectations. "3Q10 revenue of US$14,938 million (+79% y-o-y, 16% q-o-q) was a record, as energy segment revenue rose 23% q-o-q to US$9.8 billion while agriculture revenue jumped 26% to US$3.5 billion. 3Q10 SA&O expenses came in lower than expected and accounted for only 37% of gross profit (vs. our expectation of 50%). "Noble reported total debt of US$5.9 billion as at the end of Sep10 (+US$1.8 billion higher q-o-q), having issued senior notes and revolving letter of credit. To account for this, lower SA&O, and higher-than-expected energy contribution, we revised our FY2010F-2012F earnings by 5-10%, which resulted in a higher DCF valuation of $2.60, representing 17.9x FY11F PE. UPGRADE TO BUY." |
| Genting Singapore off 6.1%; 3Q10 below view: Morgan Stanley |
Tags: Genting Singapore | Genting Singapore Plc
| WRITTEN BY THE EDGE |
| FRIDAY, 12 NOVEMBER 2010 09:45 |
Genting Singapore (G13.SG) gaps down at open, last off 6.1% at 2-week low of $2.14, as sequential fall in 3Q10 earnings dampens expectations for continued robust growth, says Dow Jones.
“Genting Singapore reported earnings and EBITDA lower than expectations,” says Morgan Stanley, which has Equalweight call with $2.00 target. Net profit at $187.8 million vs 2Q10’s $396.5 million, while EBITDA at $346.5 million vs $513.9 million.
“While we maintain our long-term positive view of the Singapore gaming market’s growth prospects, especially with the potential introduction of junket operators, the growth is likely to be gradual,” says JPMorgan; downgrades to Neutral from Overweight but ups target to $2.00 from $1.55 after rolling over valuation.
Bounce off early low of $2.07 suggests downside from current levels limited. |
Paul the octopus is dead maybe you can ask the parrot snowcloud ;)
BullishTempo ( Date: 12-Nov-2010 10:59) Posted:
I can't tell the future.
SnowCloud ( Date: 12-Nov-2010 10:55) Posted:
Thanks for the encouragement =)
What do you think the closing price would be for today |
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Ya loh u are right....mayb is time for u to load up Genting SP .... Too bad i loaded up too early liao before report....
Buy when it dip...
BullishTempo ( Date: 12-Nov-2010 10:50) Posted:
That person who is still sulking over the loss from GenSp would have lost the chance to profit from buying the lows. Look at the rebound of Noble and OCBC. I can sell both now at profit.
BullishTempo ( Date: 12-Nov-2010 10:48) Posted:
Thanks iPunter, Emotional control is necessary for a trader. Imagine somebody who lost a few thousand from GenSp and decides to give it up and go cry it out and sulk over it for days. I have lost 80% of my capital before and climb back out from it. That 80% is a 5-figure sum of money. So I am able to take a lost of few thousand with a shrug and quickly get back to business. At the moment, my OCBC has already almost covered my losses from GenSp. |
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I can't tell the future.
SnowCloud ( Date: 12-Nov-2010 10:55) Posted:
Thanks for the encouragement =)
What do you think the closing price would be for today ?
BullishTempo ( Date: 12-Nov-2010 10:50) Posted:
That person who is still sulking over the loss from GenSp would have lost the chance to profit from buying the lows. Look at the rebound of Noble and OCBC. I can sell both now at profit. |
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tomato, i bot gensp to avg down but not alot in case monday horror movie again... Hopefully djia will be up tonite, been red for many consecutive days 11,000 near term support has to hold.
Ltr i'll try to find a gd exit to offload Gar. Olam on kiv see whether it recovers abv 3.3x then will.... i mentioned before reversal pattern has been formed when no breakout frm the previous resistance.
icetomato ( Date: 12-Nov-2010 10:48) Posted:
You bought? What have you bought today?
Gaecia ( Date: 12-Nov-2010 10:35) Posted:
| OCBC red hot discount is over! |
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no need. but u need to have the money to maintain ur margin and also u will need to pay finance charges calculated everyday, but free for first few days for some account, not sure which. U need to pay finance charges because you dont have the shares in the first place, thats why u need to borrow (short) . hope this helps you.
SnowCloud ( Date: 12-Nov-2010 10:40) Posted:
| Just a quick question. For CFD players, those who shorted have to cover back by the end of the day right ? |
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Thanks for the encouragement =)
What do you think the closing price would be for today ?
BullishTempo ( Date: 12-Nov-2010 10:50) Posted:
That person who is still sulking over the loss from GenSp would have lost the chance to profit from buying the lows. Look at the rebound of Noble and OCBC. I can sell both now at profit.
BullishTempo ( Date: 12-Nov-2010 10:48) Posted:
Thanks iPunter, Emotional control is necessary for a trader. Imagine somebody who lost a few thousand from GenSp and decides to give it up and go cry it out and sulk over it for days. I have lost 80% of my capital before and climb back out from it. That 80% is a 5-figure sum of money. So I am able to take a lost of few thousand with a shrug and quickly get back to business. At the moment, my OCBC has already almost covered my losses from GenSp. |
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Me too another idiot.... Genting SP my oni portfolio that is the worst performer in this 3rd Q... $%#$%#@#$@#
At Least Cosco , Noble got rise after report.... and LVS rises more , yet i sell away %^$%&^&^% Damn Genting SP...
cannotfind ( Date: 12-Nov-2010 10:36) Posted:
Yes, really no eye see... I stupid never follow my intuition... I keep saying it will not be good in the forum for GEN on Q3 but after listening to people I bought it...
AK_Francis ( Date: 12-Nov-2010 10:30) Posted:
| Wah, dropped like no yesterday! Big wok, no eye see liao. Can't do anything now, better go down for brunch liao. Cheers. |
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That person who is still sulking over the loss from GenSp would have lost the chance to profit from buying the lows.
Look at the rebound of Noble and OCBC.
I can sell both now at profit.
BullishTempo ( Date: 12-Nov-2010 10:48) Posted:
Thanks iPunter, Emotional control is necessary for a trader. Imagine somebody who lost a few thousand from GenSp and decides to give it up and go cry it out and sulk over it for days. I have lost 80% of my capital before and climb back out from it. That 80% is a 5-figure sum of money. So I am able to take a lost of few thousand with a shrug and quickly get back to business. At the moment, my OCBC has already almost covered my losses from GenSp.
iPunter ( Date: 12-Nov-2010 10:44) Posted:
There is no substitute for developing your own trading skills... But BT can teach you those skills in his coaching... after which you should then still have to make your own decisions...
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Lol.. Today I learnt a very important lesson.. not to let my feelings overcome my logic.. =)
icetomato ( Date: 12-Nov-2010 10:34) Posted:
Thank you ultimate pessimist... You have become optimist overnight..
hesperus ( Date: 12-Nov-2010 10:31) Posted:
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3Q10 results mostly within expectations.
Singapore (GS) reported its 3Q10 results last evening.
Revenue, which excludes the discontinued UK operations, hit
S$744m versus S$12.1m in 3Q09; it was spot on our S$745m
forecast, driven by Resorts World Sentosa (RWS) which
contributed S$731.8m. 3Q10 EBITDA came in at S$345.6m
(within 3% of our estimate) and was a sharp turnaround from
negative S$21.6m in 3Q09; GS was also able to hold its margin
at a commendable 46.5% (though lower than 51.2% in 1H10),
despite a full quarter of competition from Marina Bay Sands.
Net profit (including discontinued operations) came in at
S$187.8m; core net profit at S$182.1m. For 9M10, revenue
hit S$1964.8m, meeting 77.0% of our FY10 estimate, while
net profit came in at S$565.6m, or 72.0% of our full-year
forecast (both adjusted for discontinued operations). Genting
Expects 4Q10 to be better.
season, management believes that RWS has the correct
offering to do well, given that it is pitched towards the family
and vacation crowd. As such, it expects the fourth quarter to
perform better than the third, which was also affected by the
"Ghost Month", making it "inauspicious" for some to visit the
casino. Nevertheless, management was also pleased with its
3Q10 showing, noting that its hotel occupancy was 71% with
an average room rate of S$250, as it continued to receive
some 3m visitors to the integrated resort (IR). It adds that
Universal Studios Singapore (USS) has also turned cash
positive, and will gradually increase the current daily capacity
from 8k visitors to 18k by next year. GS acknowledged that
the visitors so far were "low-hanging" fruits plucked from areas
around the region; but with its enlarged marketing program,
management is confident that it can attract visitors from further
afield. For the upcoming school holiday
Junkets possible from early 2011.
concurs with market watchers that the Casino Regulatory
Authority (CRA) could issue licenses to junket operators in
early 2011, especially to those already operating in wellregulated
markets such as Australia. As before, we estimate
that the Singapore gaming market should stabilize around S$7b
in 2011, with RWS maintaining a slightly more dominant share
of under 55%. Depending on how many licenses are
subsequently issued, we do see room to revise up our gaming
market estimates. Meanwhile, management
New S$2.53 fair value.
and FY11 estimates. As we are raising our long-term FCF
rate from 2% to 2.5%, this also bumps up our DCF-fair value
from S$2.38 to S$2.53. Maintain For now, we are maintaining our FY10BUY. |
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Thanks !
icetomato ( Date: 12-Nov-2010 10:41) Posted:
No need. can cover anytime you want.
SnowCloud ( Date: 12-Nov-2010 10:40) Posted:
| Just a quick question. For CFD players, those who shorted have to cover back by the end of the day right ? |
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You bought? What have you bought today?
Gaecia ( Date: 12-Nov-2010 10:35) Posted:
| OCBC red hot discount is over! |
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Roger. Didn't join the selldown frenzy today is not being emotional right? i went shopping on a small cart dat i can carry. Lol
BullishTempo ( Date: 12-Nov-2010 10:44) Posted:
READ : We are still in bull market.
BullishTempo ( Date: 12-Nov-2010 10:42) Posted:
| “The market is just giving up a bit of its recent heady gains and doesn’t look like it will reverse its uptrend any time soon,” says a trader at local brokerage.
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Thanks iPunter,
Emotional control is necessary for a trader.
Imagine somebody who lost a few thousand from GenSp and decides to give it up and go cry it out and sulk over it for days.
I have lost 80% of my capital before and climb back out from it. That 80% is a 5-figure sum of money.
So I am able to take a lost of few thousand with a shrug and quickly get back to business.
At the moment, my OCBC has already almost covered my losses from GenSp.
iPunter ( Date: 12-Nov-2010 10:44) Posted:
There is no substitute for developing your own trading skills... But BT can teach you those skills in his coaching... after which you should then still have to make your own decisions...
crystal1818 ( Date: 12-Nov-2010 10:38) Posted:
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The price has up again...
Gee, why you didn't alert us to buy at 10.14. :P
Good for you. :) |
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There is no substitute for developing your own trading skills...
But BT can teach you those skills in his coaching...
after which you should then still have to make your own decisions...
crystal1818 ( Date: 12-Nov-2010 10:38) Posted:
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The price has up again...
Gee, why you didn't alert us to buy at 10.14. :P
Good for you. :)
BullishTempo ( Date: 12-Nov-2010 10:34) Posted:
While we were getting emotional about GenSp,
Look what happened to OCBC which I bought low at 10.14 |
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READ :
We are still in bull market.
BullishTempo ( Date: 12-Nov-2010 10:42) Posted:
| “The market is just giving up a bit of its recent heady gains and doesn’t look like it will reverse its uptrend any time soon,” says a trader at local brokerage.
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“The market is just giving up a bit of its recent heady gains and doesn’t look like it will reverse its uptrend any time soon,” says a trader at local brokerage.
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