Genting Sing    Last:0.72    -0.005

GenSp starts to move up again

more down side room to go...hope can caught some at 1.80 again...

 

 

not likely move up today, probably next week....

 

 

looks like it will be sky rocket after all the short term trader sell off today. 

 

last call for 2.12  now you see it now you don't

 

DBS Group Research

Genting’s 1Q11 above our expectation but in-line with
consensus, driven by higher VIP win rate. We raise our 2011-
12F earnings by 7-9% to factor in stronger-than-expected
ramp-up (eg recent addition of 115 electronic table games).
Upcoming catalysts: a) Opening of two new rides at Universal
Studios b) Phased-completion of Western Zone (Maritime
Museum launching in 2H11) and c) Potential approval of
junkets. We raise our sum-of-parts TP to S$2.90 from S$2.70,
rolling forward RWS’s valuation to 15x 2012F EV/EBITDA

https://www.dbsvonline.com/DBSVReport/2011/05/20110513095607_WiredDaily130511.pdf?SessionID=2403C1C896435F0F595477BB6C02C59A& RefNo=35318& AccountNum=11616292071& Alternate=& Level=Trading& ResidentType=Singapore

 

 

buying is coming back at 11.45am.  stand by now

 

Wah! big wok, just login, GSP dropped so much despite the helfty earning in Qtr? Angry bt few lots.

pharoah88      ( Date: 13-May-2011 11:34) Posted: Genting Singapore: Maintain BUY with S$2.53 fair value Summary: Genting Singapore (GS) made a good start to 2011. Revenue for 1Q11 saw a 166.3% YoY (+17.0% QoQ) increase to S$922.6m net profit surged 312.6% YoY (also up 233.3% QoQ) to S$305.4m. According to management, the IR (integrated resort) delivered its highest quarterly adjusted EBITDA of S$537.9m, with margin of 59%. Going forward, GS believes that it will continue to do well in the Year of the Rabbit, with strong visitorship in both VIP and mass segments it also reveals that it will continue to focus on the overseas premium segment and will not pursue the local mass market. With 1Q11 results meeting some 19.5% and 23.2% of our full-year revenue and core earnings estimates respectively, we do not see the need to make any adjustments at this stage. As such, our DCF-based fair value also remains at $2.53. Maintain BUY. (Carey Wong)

 

Genting Singapore: Maintain BUY with S$2.53 fair value

 

This counter always up/dw very fast1, very common liao.

 

Genting Singapore

scores with high rollers

STELLA LEE

stellalee@mediacorp.com.sg

The group yesterday reported a net profit of S$305.4 million for the three months ended March 31, turning around from the S$396.3 million net loss in the year-ago period. This was also an improvement from the S$150.3 million loss in the previous quarter. Genting said it “experienced good win percentage and gaming volume in the first quarter of this year with steady growth in Universal Studio Singapore and the hotels.”SINGAPORE — Integrated resort operator Genting Singapore has returned to the black in the first quarter, thanks to high-rolling gamblers at its casino and record numbers of overseas visitors to its Universal Studios.

 

i think, they all gathered Bb to short this morning .....

and will be buying back @ afternoon....

roller coaster ride..... u will get very high.....

zhixuen      ( Date: 13-May-2011 10:55) Posted: With this volume support Genting SP more room to down. Early morning already 1.5 billion traded. Amazing.

 

nono.. the last result.. gsp dropped to lowest 1.89

now it's still healthy..

to explain this thing = buy on rumours.. sell on news.. :)

sinetic8      ( Date: 13-May-2011 11:02) Posted: if genting report last few quarters, price still around $2.15 average. now results good still $2.10+. dont u think BB are playing with our mind? anyway, i hope it will still drop till 1.98 then i can buy again. rotijai      ( Date: 13-May-2011 10:49) Posted: kinda expected tat it will go down.. just didnt expect it to u turn so fast.. so early at 2.20.

 

Hey, last we have in 23 Feb sell down and 15 Mar japan earthquake compare to today ...

within two hours, the volume is even higher than these two days.  Are we having a sell down for no reason?  or something that we don't know?

Wake up people.

 

if genting report last few quarters, price still around $2.15 average. now results good still $2.10+. dont u think BB are playing with our mind?

anyway, i hope it will still drop till 1.98 then i can buy again.

rotijai      ( Date: 13-May-2011 10:49) Posted: kinda expected tat it will go down.. just didnt expect it to u turn so fast.. so early at 2.20.. sinetic8      ( Date: 13-May-2011 10:29) Posted: yea. this is the first quarter that genting is without all the extra " noises" in the past like disposal loss etc etc.. dont do panic selling unless you are quick eonugh to buy back before it rebounces, else just hold and wait for BB to buy back all those they sold.

 

With this volume support Genting SP more room to down. Early morning already 1.5 billion traded.

Amazing.

 

how low it can go ??? 2.06 ??? then 2.00 ??? then ...2.35 ??? Ha Ha Ha

 

Can try to enter at around 2.02 for trading......

 

kinda expected tat it will go down..

just didnt expect it to u turn so fast.. so early at 2.20..

sinetic8      ( Date: 13-May-2011 10:29) Posted: yea. this is the first quarter that genting is without all the extra " noises" in the past like disposal loss etc etc.. dont do panic selling unless you are quick eonugh to buy back before it rebounces, else just hold and wait for BB to buy back all those they sold. larrysoon      ( Date: 13-May-2011 09:43) Posted: still dropping anyone know why????

 

All hoping for dividend but no announcement, so run road liao. 

larrysoon      ( Date: 13-May-2011 09:43) Posted: still dropping anyone know why????

 

yea. this is the first quarter that genting is without all the extra " noises" in the past like disposal loss etc etc..

dont do panic selling unless you are quick eonugh to buy back before it rebounces, else just hold and wait for BB to buy back all those they sold.

larrysoon      ( Date: 13-May-2011 09:43) Posted: still dropping anyone know why????