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UBS upgrades Genting Singapore (G13.SG) to Buy from Neutral, noting the counter has underperformed the weighted performance of the 5 listed Macau operators by around 25% and the STI by around 7.0% YTD.
“We think Genting Singapore is turning into a bona-fide China (wealth creation) play, with strong growth in VIP from North Asia (especially China) expected to continue into 2011-2012E.”
“We think Genting Singapore is turning into a bona-fide China (wealth creation) play, with strong growth in VIP from North Asia (especially China) expected to continue into 2011-2012E.”
It tips VIP volumes of US$18 billion ($22.8 billion)-US$20 billion per quarter at RWS in 2011 (putting RWS in the same league as the top-performing Macau properties). It expects HK/China to account for as much as 50% of RWS' total gross gaming revenue by 2012, when its VIP-targeted expansion will be rolled out.
Overall, the house says China VIP growth, capacity expansion in 2012, a net cash position and potential for new projects together make Genting an attractive stock at this valuation. It lowers its target to $2.30 from $2.39, based on 15X 2011E EV/EBITDA (vs 16X previously).
Shares rise 3.1% to $1.99.
Genting Singapore
04:46 AM Mar 24, 2011
UBS upgrades Genting Singapore to Buy from Neutral, noting the counter has under-performed the weighted performance of the five listed Macau operators by around 25 per cent and the STI by around 7.0 per cent year-to-date. UBS says: " We think Genting Singapore is turning into a bona-fide China (wealth creation) play, with strong growth in VIP from North Asia (especially China) expected to continue into 2011-2012E."
Stand a very good chance .... HOLD > > >
I think I see two(2) heads again! 
Hahahhaahha.... SOOOOOOOOOOOOO funny!
I don't have TWO heads!
niuyear ( Date: 23-Mar-2011 16:34) Posted:
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If today never touched 2 heads, you have your own 2 heads to touch mah.......hahaha!
SGG_SGG ( Date: 23-Mar-2011 15:41) Posted:
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Pls hold to 2.01 if not die liao, chiong ah.
No, busy whacking STI kacheng!
I thought you guys was sleeping ....
Hahahhaa... horrible lah you! 
it looks very attractive to short now..
lol
Isolator ( Date: 23-Mar-2011 16:19) Posted:
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Yes... it also mean going down too.... Enjoy...
Is that a two I see?!?!?!? hahahaha... Hold!
Still sitting on one head (1.98) dunno can touch two heads (2.00) to move up from there... STI looks like struggling to stay above 3020.
People this round for real get your helmet and sitbelt ready and this time for real ....... CHONG AH .......... and no turning back .... chart people post some chart now.....
Genting SP is on the down trend channel.
http://mystocksinvesting.com/singapore-stocks/genting-singapore/genting-singapore-trading-in-a-down-trend-channel/
Well life goes on ... you have to walk out from sadness and face the challange and lought ... again ...
Big buyback by Genting's related on 16 mar 2011 @ $1.9, is it supporting well? Hope so
DesertEyes ( Date: 17-Mar-2011 12:33) Posted:
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1.87 come to me .... hmmmmmmmm they are fixing the power cable to the generator for the cooling system of the nuclear reactor by afternoon.... chong ah ....
My friends, the latest news from cnn the number 3 reactor is on fire.
Ps wait if u are really see profit.
DesertEyes ( Date: 15-Mar-2011 16:03) Posted:
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look like it is going to test the 1.82 support line.