Genting Sing Last:0.735

-0.02

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G20 gov'ts urged to support private sector in renewable technologies

SEOUL, Nov. 11 (Xinhua) -- The on-going G20 Business Summit recommends the governments of the world's major advanced and developing countries to take actions in supporting the private sector in clean energy technologies.

The private sector plays an important role in addressing energy issues and promoting sustainable economic growth. But the renewable technologies face cost and competitiveness challenges, said the participants at a round-table session of the G20 Business Summit, held here Thursday.

The development of such technologies is still at its early stage and the prices of some materials needed for the technologies are very high, which makes most renewable energy sources uncompetitive on price with existing fossil fuels.

The participants, all CEOs of the world's leading technology companies, said one effective way of closing the cost gap between fossil-generated energy and the renewable sources-produced energy is to phase out fossil fuel subsidies encouraging wasteful consumption as soon as possible.

The G20 countries should also take the lead in pricing carbon emissions within the context of their own national circumstances, they said.

The governments are advised to strengthen public-private partnerships to help develop energy sources and hold regular meetings of energy-related ministers.

"Energy-related ministers should discuss regulatory issues, including international standards for renewable and low-carbon technologies, tariffs and trade barriers, protection of intellectual property rights," said the participants' discussion report for the round table session.

The Seoul G20 Business Summit brings together G20 heads of state and approximately 120 top business leaders from the G20 countries and some non-G20 countries to jointly address "the Role of Business for Sustainable and Balanced Growth."

Hold lo NO cHOICE TYPE FROM IPOD DAMN HARD

Gaecia ( Date: 12-Nov-2010 03:03) Posted:

Me. i'm not a contra player, will run frm Gar when my stop limit is triggered.

Okay on Gar, my trade approach abit complicated. I jumped on the bandwagon after earnings news at 0.775 delighted that there was no gap up after lunch break, shld hav caught something amiss but no choice queued for buy order before 1.55pm.

However 0.775 was also the same price i'd sold at 10+am when Gar started to spike up. Those i bot last Fri at 0.705, see profit should take and reduce risks before earnings reporting at lunch break. The 2.01pm buy was 2.5 times more than my prev on Fri due to greed & folly, risk exposure is of course higher esp. when Gar didn't take off much, Aftern i sold half of it at 0.770 making 0.005 or 1 bid loss (is okay!) and brokerage fee can piggy back on with the earlier sell trade.

The remaining half, i set a tight stop loss based on profits frm the 0.705 trade as a buffer so i won't be in the red on this counter. That's all i can share with u.

Pls think of an exit should the tables turn becos u staked all your savings into this.

bladez87 ( Date: 11-Nov-2010 22:37) Posted:

who else still vested in GAR?!

the charts telling me to RUN?! i donno want to cut loss anot. or just hold it. cause if i not wrong, it will fall lower T_T

Me. i'm not a contra player, will run frm Gar when my stop limit is triggered.

Okay on Gar, my trade approach abit complicated. I jumped on the bandwagon after earnings news at 0.775 delighted that there was no gap up after lunch break, shld hav caught something amiss but no choice queued for buy order before 1.55pm.

However 0.775 was also the same price i'd sold at 10+am when Gar started to spike up. Those i bot last Fri at 0.705, see profit should take and reduce risks before earnings reporting at lunch break. The 2.01pm buy was 2.5 times more than my prev on Fri due to greed & folly, risk exposure is of course higher esp. when Gar didn't take off much, Aftern i sold half of it at 0.770 making 0.005 or 1 bid loss (is okay!) and brokerage fee can piggy back on with the earlier sell trade.

The remaining half, i set a tight stop loss based on profits frm the 0.705 trade as a buffer so i won't be in the red on this counter. That's all i can share with u.

Pls think of an exit should the tables turn becos u staked all your savings into this.

bladez87 ( Date: 11-Nov-2010 22:37) Posted:

who else still vested in GAR?!

the charts telling me to RUN?! i donno want to cut loss anot. or just hold it. cause if i not wrong, it will fall lower T_T

Yes Uncle AK! That's the spirit, dun panic and look beyond absolute numbers. This may well be a gd period to bargin hunt or avg down frm an investor's perspective. All depends on your time horizon.

AK_Francis ( Date: 12-Nov-2010 01:39) Posted:

Sorry, just back fr happy hr, AK happy hr is at Kopitiam down stair, dun like extravagant places like pub or niteclub.

Ha ha, making less not means bad mah. If misses to buy ds burger, now not late to invest few or some loh.

It is making profit veryday, dun look at its result. Think diffrently mah, being a trader or invester liao. Cheers.

Since u knew, did u short? To make some coffee money?

cannotfind ( Date: 12-Nov-2010 01:23) Posted:

I already knew it will be slightly lower than Q2 but why still buy?? This is greed!!

hi Bullish thanks for your reply, nope i don't speculate irrationally. Bot gsp in cash no contra nor cfd. If it gaps down too much without hitting a reasonable stop loss then i don't plan to be involved in the massive selldown because it will rebound frm lows.

Hav u found time to scrutinise gsp's earnings? Regarding the $377m loss due to discontinued operations, what is that one time write off? Yes gsp is BB's pet counter with volatility. If expectations has been lowered by analysts' estimates the past few wks, hopefully news will be priced in and we may see less drama. If sharp selldown happens will use cfd to hedge a long position.

Thing is gensp's net profit is in the 3 digit million dollar range every qtr since opening, so will 4Q be with high season. That's alot of pie compared to some $3 counters that generates net profit $20-30 million ever qtr. The market will eventually determine a counter's fair value.

Every stock's behavior is different. Interestingly I recall Capitaland posted really bad earnings on a Fri, made news that wkend and hyped up in online forums calling for a fat shorting season. It didn't fall at opening when Monday came, didnt gap down frm fri's closing of 3.89. In fact Capitaland went up 3 cents instead in the first 15 mins and ltr in the day shedded 3-5 cents with that kind of Q3 results. Those who shorted it at opening wld be very surprised.

After reading various sources about Genting SP Profit, I think their 3rd qtr fall in profit isn't that bad after all, if u consider their results without the UK Casinos. Actually I'm working in RWS and I witnessed myself the tremendous crowd present around the place everyday. I believe that long term wise, Genting SP will be a good investment.

I'm not selling anymore, but will bargain hunt tmr!

Genting SP huat ar!

Sorry, just back fr happy hr, AK happy hr is at Kopitiam down stair, dun like extravagant places like pub or niteclub.

Ha ha, making less not means bad mah. If misses to buy ds burger, now not late to invest few or some loh.

It is making profit veryday, dun look at its result. Think diffrently mah, being a trader or invester liao. Cheers.

I already knew it will be slightly lower than Q2 but why still buy?? This is greed!!

Look at the bright side, at least revenue higher than MBS, which means it has a bigger share of the gaming market. Profit expected to be lower due to the opening of MBS this quarter. Long term wise still fundamentally strong.

....it came within expecation...ecnomist already knew it will be lower than Q2 mah... already lower their forcast le to 330M is it??

BullishTempo ( Date: 11-Nov-2010 20:30) Posted:

Genting Singapore 3Q net slightly down from 2Q

Tags: Genting Singapore | Las Vegas Sands | Marina Bay Sands

WRITTEN BY THOMSON REUTERS

THURSDAY, 11 NOVEMBER 2010 19:06

Relax guys. Genting's still have fundamentals. London casino was not factored in the 3Q results. So 4Q should be good.

Without the London casino factoring in, they still make commendable quantitative profit comparable or better than other stocks that have announced 30+ % profits.

Tomorrow's Strait Times may give you some happy news.

Nov 11, 2010

RESORTS WORLD Q3 RESULTS

Resorts World draws $732m

By Francis Chan

Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year. -- PHOTO: NP

GENTING Singapore continues to lead the field in what is shaping up to a two-horse race in Singapore's booming gaming market.

The Asian gaming giant announced on Thursday that Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year.

On Thursday, it also announced a slew of plans to make the Universal Studios Singapore a top attraction, as it seeks to boost capacity from 8,000 to 18,000.

Although falling short of its performance last quarter, when the integrated resort's (IR) cash tills rang up $860.8 million in revenue to produce pre-tax profits of $503.5 million, RWS still managed to edge ahead of arch rival Marina Bay Sands (MBS).

Last month, MBS owner Las Vegas Sands said the IR pulled in revenues of $631 million, making a pre-tax profit of $315 million for the period ended Sept 30 - its first full quarter of operations since opening in April.

But, MBS enjoyed a higher profit margin of 49.7 per cent, compared to RWS' 47 per cent over the same period, even though RWS had a headstart after opening in phases from January.

eh... heh.. i'm not a pro trader, just someone learning as it goes.

Matching is determined by looking at the buy and sell queues before start/close of market .e.g. before 8:59am and before 5:05pm.

Suppose the market depth is as follow right before matching:

Buy (,000)			Sell (,000)
50	$0.255	$0.25	100
100	$0.250	$0.255	100
45	$0.245	$0.260	70

This will result in a matching price of $0.25. The buyer at $0.255 will buy in at $0.25 and the counter will open at 50lots $0.25, $0.255 100lots

Buy (,000)			Sell (,000)
77	$0.300	$0.115	100
100	$0.275	$0.255	50
45	$0.245	$0.260	70

This will result in a matching price of $0.260. The buyer at $0.275 and $0.300 will buy in at $0.26 and the counter will open at 45lots $0.245, $0.26 43lots.

If i'm wrong, please feel free to correct.

Genting results are within expectation. Analysts already expected 3rd qtr to be lower than 2nd qtr a month ago. I was wondering also why at that time but now I know.

who else still vested in GAR?!

the charts telling me to RUN?! i donno want to cut loss anot. or just hold it. cause if i not wrong, it will fall lower T_T

The Dow is now 'pengsan'... -100 pts Smiley

3rd Q many school exams, parents no time go gamble. The financial result is great.

4th Q covers year end holidays... sure earn alot more.

anyone know how to see the matching price for pre opening?

SnowCloud ( Date: 11-Nov-2010 22:25) Posted:

How likely is this to be ?

icetomato ( Date: 11-Nov-2010 21:04) Posted:

Really? You think will just dip for 1 day then rebound?

How likely is this to be ?

icetomato ( Date: 11-Nov-2010 21:04) Posted:

Really? You think will just dip for 1 day then rebound?

rabbitfoot ( Date: 11-Nov-2010 20:49) Posted:

tomorrow i want to enter Gen

3Q shows Genting SP income is sustainable and perform better than anticipated.

2nd Phase will open in 2011 and 2012, income will rise further.

With $1.3Billion income per year Genting will pay back all debt in 3 years.

Target to hit $2.50 at least.

If people short then accumulate.

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Nov 11, 2010

Resorts World draws $732m

Resorts World Sentosa (RWS) generated $732 million in revenue and pre-tax profits of $346.5 million for the third quarter of this year. -- PHOTO: NP