Post Reply
4021-4040 of 23260
Hmmmm .... target price 2.40 maintain Buy ..... Today lowest 1.88 now 1.95 .... what they saw that we didn't seen ???
Watchout for more market actions next week.
TP is adjusted based on current market sentiment.
In no time, they or other brokerage houses will adjust again.
Just last year alone, the target price had been adjusted from several times from $0.90, to $1.00, to $1.15, to $1.40 blah. blah..........
samson ( Date: 23-Feb-2011 12:27) Posted:
| Citi lowers target for Genting Singapore to $2.40 |
 |
 |
 |
| Written by Thomson Reuters |
| Wednesday, 23 February 2011 12:01 |
|
Citi has lowered its target price for casino operator Genting Singapore (GENS.SI) to $2.40 from S$2.60, but maintained its buy rating.
Genting Singapore said its Resorts World Sentosa (RWS) casino-resort had adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $389.8 million on revenues of $775.2 million for the three months ended December.
|
Citi lowers target for Genting Singapore to $2.40
|
Citi has lowered its target price for casino operator Genting Singapore (GENS.SI) to $2.40 from S$2.60, but maintained its buy rating.
Genting Singapore said its Resorts World Sentosa (RWS) casino-resort had adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $389.8 million on revenues of $775.2 million for the three months ended December.
|
|
|
They do pay one month bonus to their staff, and the rest of bonues should be paid in other months spread out over a year. :)
Citigold ( Date: 23-Feb-2011 12:35) Posted:
If this year dun have dividends,have to wait till 2012 .
lucky168 ( Date: 23-Feb-2011 12:29) Posted:
no div for such good results???
ouch!!!!
|
|
|
|
GentingSP: Results generally in-line with consensus. 4Q rev at $788.5m of which RWS contributed $775.2m, EBITDA at $385.6m. 4Q net profit down 150.3m due to loss from discontinued operations, excluding which would have been a positive $91.7m.
Updates revealed through the conference call revealed significant improvement in VIP segment which grew 40%qoq and VIP accounting for 60% of the gaming rev mix, largely driven by credit extended to VIPs. RWS also has an estimated higher mkt share 54%-58% than MBS.
Other segments on a quarter basis, theme park USS reported avg ticket sales of 8,300 per day in 4Q up 11% from 7500 in 3Q and the Battlestar Galactica attraction has re-opened . Hotel occupancy rose to 79% from 71% and avg room rates were higher at $294 over $250.
Further plans include attractions of Journey to Madagascar and Transformers by year-end and a maritime museum, marine life park and 2 new luxury hotels adding 450 rooms from 2H11 to 2012. As of FY2010, co has $3.5b of debt and approx $9.1b in assets.
Mixed calls from analysts, Deutsche maintains Buy TP$2.43, GS maintains Conviction Sell at $1.70, prefers parent Genting Bhd. Macq at Underperform, TP$1.83, Citi maintains Buy TP$2.40. JPM maintains Neutral with TPS$2.15.
For yesterday's sharp correction, the market will be the main reason attributed to tensions in the Middle East and North Africa due to raised oil prices rose from yesterday's global stock and commodities have all fallen of view, there must be some truth in this inference, but on the market deeper understanding of investors actually know, just to enlarge the market external adjustment, the adjustment of the market itself plunged yesterday, the pressure is the main reason, empathy, despite yesterday's sharp correction in the market, external factors will not easily change the disturbance the pattern of the recent range-bound market, investors need not panic too much, there is near the 3000 mid-term moving average support more than that now is the hot spot by shock bargain hunting opportunity. From capital flows, suggested investors focus on mechanical, chemical, electronics and other high-quality second-line blue-chip companies in the sector and the new energy, new materials, new boards and other popular subjects in the three-strong varieties.
If this year dun have dividends,have to wait till 2012 .
lucky168 ( Date: 23-Feb-2011 12:29) Posted:
no div for such good results???
ouch!!!!
|
|
no div for such good results???
ouch!!!!
Genting down 3.5% 4Q held back by bad luck
Genting Singapore (G13.SG) is off 3.5% at $1.91 after a lower win rate, or hold, inhibited its 4Q earnings, preventing any upside surprise from higher VIP volumes, with most analysts saying results were within expectations.
Deutsche Bank, which has a Buy rating and $2.43 target, says 4Q results were in line, with impressive 40% on-quarter growth in 4Q VIP rolling, offset by low VIP hold, which kept EBITDA within consensus.
| Citi lowers target for Genting Singapore to $2.40 |
|
|
|
| Written by Thomson Reuters |
| Wednesday, 23 February 2011 12:01 |
|
Citi has lowered its target price for casino operator Genting Singapore (GENS.SI) to $2.40 from S$2.60, but maintained its buy rating.
Genting Singapore said its Resorts World Sentosa (RWS) casino-resort had adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $389.8 million on revenues of $775.2 million for the three months ended December.
|
Citi lowers target for Genting Singapore to $2.40
|
Citi has lowered its target price for casino operator Genting Singapore (GENS.SI) to $2.40 from S$2.60, but maintained its buy rating.
Genting Singapore said its Resorts World Sentosa (RWS) casino-resort had adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of $389.8 million on revenues of $775.2 million for the three months ended December.
|
too early to make conclusion ... still got 2nd half
DesertEyes ( Date: 23-Feb-2011 12:19) Posted:
| Oops not the shotter expect didn't end below 1.88 ouch ... need to grap back sooner ... |
|
Oops not the shotter expect didn't end below 1.88 ouch ... need to grap back sooner ...
I mean one must study the chart and determine a realistic price even in the
event of extreme price aberrations which can reasonably occur...
noonelikeme ( Date: 23-Feb-2011 12:12) Posted:
Yes boss
iPunter ( Date: 23-Feb-2011 12:09) Posted:
One must be sensible too...
Not just childishly greedy...
|
|
|
|
Yes boss
iPunter ( Date: 23-Feb-2011 12:09) Posted:
One must be sensible too...
Not just childishly greedy...
noonelikeme ( Date: 23-Feb-2011 12:06) Posted:
|
|
|
One must be sensible too...
Not just childishly greedy...
noonelikeme ( Date: 23-Feb-2011 12:06) Posted:
Greed mah ..
teeth53 ( Date: 23-Feb-2011 11:49) Posted:
| U are asking for d moon huh ??. The won't moon unless world mkt collaps |
|
|
|
Greed mah ..
teeth53 ( Date: 23-Feb-2011 11:49) Posted:
U are asking for d moon huh ??. The won't moon unless world mkt collapse
noonelikeme ( Date: 23-Feb-2011 11:44) Posted:
| Genting please go down back to 0.9 again ...
|
|
|
|
Hope any good news or bounce back from US market soon. This will boost the SGX market and force the shortists to buy back the shares and hence, push up the price.
Since all major supports have been broken easily , any rebounce is for selling n loss cutting .
iPunter ( Date: 23-Feb-2011 11:20) Posted:
That can easily happen...
Bintang ( Date: 23-Feb-2011 11:06) Posted:
| Genting SP has gapped down today , it would go down to $1.70 or may go further down below $1.69 to fill a gap there |
|
|
|
more likely for today only, 2morro another new day.
closed 1.90
