Genting Sing    Last:0.76    +0.015

GenSp starts to move up again

For those who are unable to attend the AGM on 28th of April.

The main question thrown to the management are as follow :

1)When will the dividend be pay out

2)How will the junket operation affect Genting SP profitability.

3)What is the Cash flow Hedge means in the annual report

4)Revenue from gaming and non gaming sectors.

5) Competition from MBS

According to Genting CEO, we can look forward for the dividends within this yr end or nxt yr but no exact date is given.

For junket operations, they are still waiting for CRA to approve and once approved it will significantly reduce the credit risks hat Genting given to high rollers which means lower business risks.Tan Sri Lim further added that they will prefer their high rollers business to be as much as 90-95 % from junket operators as it will mean more predictable income rather than Genting itself to extend credit to the high rollers and risk defaulting.

One of the shareholder point out to this Cash flow Hedge in the annual report and basically it is a interest rate hedge from rising interest rate as Genting own large amount of loans from banks.

  According to Tan Sri Lim , the ideal revenue from gaming and non gaming to be be 2/3 and 1/3 respectively.And if the non gaming revenue is larger than gaming revenue then something must be wrong and this is not the management want to see.From here,we can conclude Casino revenue will play a vital part in Genting SP growth.

Genting SP is confident that it will be able to compete with its rivals and strive to be Asia's top destination.

Quite alot of time is been waste by unnecessary questions from a shareholder and i think he is trying to boost his ego there by making sarcastic question to the board and management.

Food wise, it comes with a lunch box  (chicken chops/rice/vege),2 fish tuna sandwiches and a cup of assorted fruits and free parking  for shareholders :)

Overall , i will said this is a fruitful trip for me.


 

 

wake up....

you are wrong again !

 

pharoah88      ( Date: 26-Apr-2011 08:28) Posted: Old  hIgh  S$2.35 (2 + 3 + 5 = 10) NEW hIgh  S$2.80 ? (2 + 8 = 10)

 

I picture the following my self:

There was a chunck of foreign funds came in about one month's time, that you see that all asian exchange rate is going up against USD.  Now the foreign fund knows that the save haven is in Asia and BRICKS. 

2.25 might be too high for them to buy and why not sell down now and pick up later.  From 2.25 drop to 2.17 is only abt 3%, or drop to 2.00 as 8% drops - maket will reads as correction, and start to collect.  So when it move up again later most proberly next week or two (b4 1Q results) say ... 2.35 they will hit their target of 10%. or even more.

why sell now ???

what say you ???

sanyong      ( Date: 29-Apr-2011 15:48) Posted: Hi   will genting go up? seem like coming down after it hit 2.25 .... my broker told me to hang on dont sell first...no reason given...sigh

 

yeh, if i will surely want to..

thanks.

pharoah88      ( Date: 29-Apr-2011 15:57) Posted: you should attend the next AGM hear with your ears  from his mouth and shake his hands if you want to tchekchuan      ( Date: 29-Apr-2011 14:36) Posted: HI, U sure that there will be dividend this time? Thanks..

 

you should attend

the next AGM

hear with your ears  from his mouth

and shake his hands if you want to

tchekchuan      ( Date: 29-Apr-2011 14:36) Posted: HI, U sure that there will be dividend this time? Thanks... rotijai      ( Date: 29-Apr-2011 11:11) Posted: sti still nowhere near its peak also.. 3180 to 3700.. still got a lot of room.. :

 

Hi

 

will genting go up? seem like coming down after it hit 2.25 .... my broker told me to hang on dont sell first...no reason given...sigh 

 

HI,

U sure that there will be dividend this time?

Thanks...

rotijai      ( Date: 29-Apr-2011 11:11) Posted: sti still nowhere near its peak also.. 3180 to 3700.. still got a lot of room.. :) pharoah88      ( Date: 29-Apr-2011 11:09) Posted: Tan Sri LIM Kok Thay declared: " ........ We are nowhere near our peak yet. ........"   Tan Sri LIM Kok Thay promised the floor: " ........ Dividend will be paid ........"

 

Global Multiple index chart on 1 screen, read more .

 

sti still nowhere near its peak also..

3180 to 3700.. still got a lot of room..

:)

pharoah88      ( Date: 29-Apr-2011 11:09) Posted: Tan Sri LIM Kok Thay declared: " ........ We are nowhere near our peak yet. ........"   Tan Sri LIM Kok Thay promised the floor: " ........ Dividend will be paid ........"

 

Tan Sri LIM Kok Thay declared:

" ........ We are nowhere near our peak yet. ........"

 

Tan Sri LIM Kok Thay promised the floor:

" ........ Dividend will be paid ........"

 

what time does the AGM starts? Any updates so far?

 

Anyone in the AGM pls post some updates, whether the food ok or not???  don't think have any major event but keep an eye on 1st Q results. 

 

Genting SP triggered a bearish engulfing candlestick pattern and experience a massive selldown. However, in spite of that, the uptrend of Genting is still intact. Next to watch is genting's 14day ma. if it is able to hold, genting will resume it's uptrend and trade higher. else it could trade lower to test 2.05.

http://sgsharemarket.com/home/2011/04/genting-bearish-engulfing/

 

 

hope there is no bad news... situation suddenly from very good comes to seem very bad

 

  overbought and panic selling i guess....  

 

Isiz bad news for tml meetings if not how come sell dw:(

 

niama.. tomorrow AGM ...today just drop so much... what happen...

 

hm.. gone case d

 

Master, how abt genting HK??? izzit going to bullish also????

 

On Tuesday, Genting SP broke the resistance at $2.23 and closed at $2.24 with LOW volume of 61.42 million shares traded.

Three white candles occurred in the last three days.  Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

RSI & MACD are bullish though RSI in overbought region.

Immediate Resistance of Genting SP: $2.28

Immediate Support of Genting: $2.23

Currently prices are well above 20/50/100/200 days MA.

Today the break of............. READ MORE