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All the " expert" is giving their " BUY" signal now ....
Genting Singapore Plc
4QFY10
RESULTS
23 February 2011
O
UTPERFORM Maintained Target: S$2.70 by CIMB
FROM OSK/DMG
Scoop of the Day:
S$1,422.1m was 4% above consensus full year EBITDA estimates and 7%
below ours. However, we deem the results to be highly commendable as we
noted that 4QFY10 EBITDA of S$385.5m was achieved in light of VIP hold
rate coming in at the lower end of the average range of 2.6% to 3.0%. Full
year FY10 EBITDA would have been just 3% below ours and 8% above
consensus if the VIP hold rate for 4QFY10 would have normalised at the
theoretical win rate of 2.8%. RWS recorded net gaming revenue of S$7.2m vs
Marina Bay Sands’ S$4.7m in 4QFY10 on a normalized win rate comparison,
implying a market share of 60.5%:39.5% in favour of Resorts World at
Sentosa. This is a marked QoQ improvement from 3QFY10 market share
distribution of 53%:47% - RWS:MBS largely attributed to a sharp 40% QoQ
improvement in VIP gaming volumes for RWS vs a 20.5% decline in VIP
gaming volumes for MBS. Maintain BUY and TP of SGD2.51.
Research)
Genting Singapore’s full year FY10 EBITDA of(Singapore
Genting is UpTrend.... :) Support @ 1.89 is too strong..... Tested and Tried.... The Buyers are Monsters !!
So Slowly it will move up again..... Suppose to break 2.00 on open but sentiments is bad.
Buying at this level is quite unlikely to lose... :P
TP: 2.75
BOSAYOR
niuyear ( Date: 24-Feb-2011 10:36) Posted:
Wow , Sifu's prediction. :)
It seems Sifu is marking a downtrend.
iPunter ( Date: 24-Feb-2011 10:17) Posted:
Ideally, one should bet a sell a meaty @2.15...
But since the market didn't spurt up even with
today's superb profit news annuoncement,
I doubt it will reach that price... maybe 2.00... 
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I like RWS style, they pay bonus instead of paying dividends to share holders.
Workers such as 'Dealers' are their Important Assets.
freshmind ( Date: 24-Feb-2011 11:21) Posted:
| Ppl from finance and accounting background always interpret losses, assets and liabilities differently and that's why you will not employ an accountant to be a fund manager or else he/she may end up invest nothing end of the year. For businessman, a company with huge and rapid profit earning power is more important and the so call paper loss is only a process to suit to the accounting requirements and government regulation needs. |
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cashflow also
freshmind ( Date: 24-Feb-2011 11:21) Posted:
| Ppl from finance and accounting background always interpret losses, assets and liabilities differently and that's why you will not employ an accountant to be a fund manager or else he/she may end up invest nothing end of the year. For businessman, a company with huge and rapid profit earning power is more important and the so call paper loss is only a process to suit to the accounting requirements and government regulation needs. |
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looks like a lot of fund manager is keep buying at 1.95 so what volume to can hit ?? vol 250 Val 500 Ha Ha next week ....
Ppl from finance and accounting background always interpret losses, assets and liabilities differently and that's why you will not employ an accountant to be a fund manager or else he/she may end up invest nothing end of the year. For businessman, a company with huge and rapid profit earning power is more important and the so call paper loss is only a process to suit to the accounting requirements and government regulation needs.
Sadly, the ignorant fools who do not bother to analyse the circumstance of losses....only to blame themselves.
yum_cha ( Date: 23-Feb-2011 23:11) Posted:
BBs must be laughing at those who didnt know how to interpret the financial results and sold earlier in the day.
sad for those who sold ignorantly after hearing of the loss in the quarter results.
well sit tight for a ride up tmr though
my 2.14 cents worth.  |
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lets me picture this :
Shoters : Shit it didn't go down below 1.88! Bloddy hell !!! got to grap back.... fash...
So most of them get back at 1.90 to 1.95 so inorder to made 10% then it they will push at least to 2.10 and 2.15 ....
is that correct ???
Wow , Sifu's prediction. :)
It seems Sifu is marking a downtrend.
iPunter ( Date: 24-Feb-2011 10:17) Posted:
Ideally, one should bet a sell a meaty @2.15...
But since the market didn't spurt up even with
today's superb profit news annuoncement,
I doubt it will reach that price... maybe 2.00...
DesertEyes ( Date: 24-Feb-2011 10:13) Posted:
| look at the vol today 2.10 or 2.20 clossing ??? |
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Hmm,,,more than agreed !,
iPunter ( Date: 24-Feb-2011 10:17) Posted:
Ideally, one should bet a sell a meaty @2.15...
But since the market didn't spurt up even with
today's superb profit news annuoncement,
I doubt it will reach that price... maybe 2.00...
DesertEyes ( Date: 24-Feb-2011 10:13) Posted:
| look at the vol today 2.10 or 2.20 clossing ??? |
|
|
|
Ideally, one should bet a sell a meaty @
2.15...
But since the market didn't spurt up even with
today's superb profit news annuoncement,
I doubt it will reach that price... maybe 2.00...
DesertEyes ( Date: 24-Feb-2011 10:13) Posted:
| look at the vol today 2.10 or 2.20 clossing ??? |
|
look at the vol today 2.10 or 2.20 clossing ???
From the Discontinued Operations -
Loss on disposal of subsidiaries 238mil and
Impairment loss on intangible assets 478mil
Hey guys are these actul cash loss ???
Similarly, all those sellers will also be thanking the buyers...
freshmind ( Date: 24-Feb-2011 09:37) Posted:
| Any opportunity to grab cheap shares today again? Wish to accumulate more, anywhere, thanks to those shortists... |
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Any opportunity to grab cheap shares today again? Wish to accumulate more, anywhere, thanks to those shortists...
Genting Singapore Plc, the world’s third-biggest casino company by market value, slid to the lowest in four months in intraday trading in Singapore after posting a fourth-quarter loss on discontinued operations in the U.K.
The shares erased their losses to end unchanged at $1.98, at the 5 p.m. close in Singapore after declining as much as 5% to $1.88, the lowest intraday price since Oct. 1. The benchmark Straits Times Index fell 0.6%.
Net loss widened to $150.3 million in the three months ended Dec. 31 from $101.7 million a year earlier, the company said in a statement yesterday.
For the full year, Genting Singapore posted a $37.8 million profit compared with a loss of $277.6 million a year earlier, missing the $615 million average of 21 analyst estimates compiled by Bloomberg.
The “gaming market momentum is slowing, we see more competition,” David Ng and Michelle Lee, analysts at Goldman Sachs Group Inc., wrote in a report. “We had expected more growth, given the continued ramp-up, and still novelty factor, but instead, it appears mass could be hitting near-term saturation.”
Genting Singapore and Las Vegas Sands Corp. opened the city-state’s two casino-resorts last year, competing for Asia’s biggest gamblers, after Singapore lifted a four-decade ban.
HIGH ROLLERS
Genting Singapore’s profit margin narrowed for its VIP business as high-stakes gamblers won more than in the previous three-month period. It also paid down interest on its $207.9 million loan to finance the property.
The casino operator sustained a full-year loss of $619 million from the operations it sold in the U.K., with $242 million of the shortfall booked in the fourth quarter.
“There’s going to be an ad justment period,” said Carey Wong, an analyst at OCBC Investment Research Pte. “There will probably still be some volatility.”
Genting Singapore’s net cash inflow from operating activities of $298.7 million in the fourth quarter was “pretty good,” said Wong. For the full year, cash flow from operations was $1.41 billion.
Genting Bhd., the Malaysian company that controls Genting Singapore, lost 0.2% to 10.38 ringgit at the 5 p.m. close of trading in Kuala Lumpur.
ROLLER COASTER
The gambling market for Singapore’s two casinos increased to US$4.9 billion ($6.25 billion) in the fourth quarter, 8% higher than the previous three-month period, according to the Goldman Sachs report. The growth was slower than the third quarter’s 15% expansion and below Macau’s 16% growth, Ng and Lee said. They reiterated their recommendation to sell the Singapore company’s shares.
Genting Singapore plans to open a marine museum, a water park and two hotels at its US$4.7 billion Resorts World Sentosa property starting from the middle of this year. It reopened the Battlestar Galactica roller coaster at its Universal Studios Singapore theme park this week, after shutting it down for almost a year to fix a “ride component failure.”
“The opening of new attractions, which have begun with Battlestar Galactica, will continue with more openings in the second half of the year,” said Joseph Wong, an analyst at CIMB- GK Securities Pte. “They’ll have a strong pool of new tourists which could potentially turn into casino patronage.”
/theedge/
Gap down is not a problem...
What is more frightful is a downtrend...
krisluke ( Date: 23-Feb-2011 23:20) Posted:
| many " experts" call for 32 cents gap down (WOW!!!). luckily gap closed and en-light the route. anyone eyeing $1.82-$1.86 today ? |
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many " experts" call for 32 cents gap down (WOW!!!). luckily gap closed and en-light the route. anyone eyeing $1.82-$1.86 today ?
