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Fully agreed what u have said.Analyze the financial report ,almost everything is in there .Think long term for those who r holding
freshmind ( Date: 22-Feb-2011 20:24) Posted:
| Genting sp is leading superstar counter in SGX with strong earning power, that's no point to sell out the shares and lose future profits by impulsive decision. Any drop of the share price will definately become a great opportunity for those who missed the boat, and a smart long term player will know how to ignore the noises from those who shorts the counter's price to fail. |
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We should not say people are 'pussies', or have no courage to sell, etc.
It all depends on the market, and
all are bets...
But one must also be aware of the wider developing world situation too...
tiancai007 ( Date: 22-Feb-2011 20:21) Posted:
Well my friend, then ur friends will be laughing to the banks tomorrow if they really shorted. I can use my head to guarantee tomorrow confirm gap down of 20c at least. Stop deceiving yourself. The market only looks at the figure: this qrt less profit. Sell tomorrow if u are still holding 2.0 plus. Take the courage to cut loss immediately, dont be a pussy. This is a sinking ship. Period..
risktaker ( Date: 22-Feb-2011 20:03) Posted:
| Well my friends are pretty concern as they shorted huge on it. As now genting beat our estimates.... just hope they can cover back their shorts in time |
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Gd luck to them
risktaker ( Date: 22-Feb-2011 20:03) Posted:
Well my friends are pretty concern as they shorted huge on it. As now genting beat our estimates.... just hope they can cover back their shorts in time.
Citigold ( Date: 22-Feb-2011 20:01) Posted:
Though i am not concerned abt tml opening price.But i hope the market will interpret is as a bullish news .
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Genting sp is leading superstar counter in SGX with strong earning power, that's no point to sell out the shares and lose future profits by impulsive decision. Any drop of the share price will definately become a great opportunity for those who missed the boat, and a smart long term player will know how to ignore the noises from those who shorts the counter's price to fail.
Well my friend, then ur friends will be laughing to the banks tomorrow if they really shorted. I can use my head to guarantee tomorrow confirm gap down of 20c at least. Stop deceiving yourself. The market only looks at the figure: this qrt less profit. Sell tomorrow if u are still holding 2.0 plus. Take the courage to cut loss immediately, dont be a pussy. This is a sinking ship. Period..
risktaker ( Date: 22-Feb-2011 20:03) Posted:
Well my friends are pretty concern as they shorted huge on it. As now genting beat our estimates.... just hope they can cover back their shorts in time.
Citigold ( Date: 22-Feb-2011 20:01) Posted:
| Though i am not concerned abt tml opening price.But i hope the market will interpret is as a bullish news .
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DJ Genting Singapore: 4Q Net Loss S$150.3 Mln Vs S$101.7 Mln Loss
SINGAPORE (Dow Jones)--Genting Singapore Ltd. (G13.SG) Tuesday reported a fourth quarter net loss of S$150.3 million from a S$101.7 million a year earlier due to losses associated with the disposal of its discontinued casino operations in the U.K.
However, the group, which operates the Resorts World Sentosa integrated resort in Singapore, reported revenue of S$788.5 million from S$13.4 million a year earlier.
Revenue from the integrated resort, which opened in February last year, was S$775.5 million.
Earnings before interest, tax, depreciation and amortization, or Ebitda, was S$385.6 million from S$3.1 million a year ago.
-By Sam Holmes, Dow Jones Newswires +65-6415-4157 samuel.holmes@dowjones.com
Well my friends are pretty concern as they shorted huge on it. As now genting beat our estimates.... just hope they can cover back their shorts in time.
Citigold ( Date: 22-Feb-2011 20:01) Posted:
Though i am not concerned abt tml opening price.But i hope the market will interpret is as a bullish news .
risktaker ( Date: 22-Feb-2011 19:57) Posted:
Your talking about a coy that would generate S$3.2 - S$3.5 billion dollars in revenue and gross profit of S$1.7 billion - S$1.9 billion for year 2011 ..... Remember Stock Mkt is forward looking.
Q4 Genting SP results beat most of my friends estimates..... thats why they upgraded to BUY.
Tomorrow its a BUY FOR GENTING SP.
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Though i am not concerned abt tml opening price.But i hope the market will interpret is as a bullish news .
risktaker ( Date: 22-Feb-2011 19:57) Posted:
Your talking about a coy that would generate S$3.2 - S$3.5 billion dollars in revenue and gross profit of S$1.7 billion - S$1.9 billion for year 2011 ..... Remember Stock Mkt is forward looking.
Q4 Genting SP results beat most of my friends estimates..... thats why they upgraded to BUY.
Tomorrow its a BUY FOR GENTING SP.
krisluke ( Date: 22-Feb-2011 19:47) Posted:
| impressive writeout. thank you. btw, what price to enter lah? $1.50 (the gap |
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Your talking about a coy that would generate S$3.2 - S$3.5 billion dollars in revenue and gross profit of S$1.7 billion - S$1.9 billion for year 2011 ..... Remember Stock Mkt is forward looking.
Q4 Genting SP results beat most of my friends estimates..... thats why they upgraded to BUY.
Tomorrow its a BUY FOR GENTING SP.
krisluke ( Date: 22-Feb-2011 19:47) Posted:
impressive writeout. thank you. btw, what price to enter lah? $1.50 (the gap)
risktaker ( Date: 22-Feb-2011 19:27) Posted:
Let me teach you how to read the report.
1) Revenue S$775.2 Million an increase of 6% over last quarter - Revenue must growth by at least 5% as seasons period during the Q4 and they beat it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3 - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.
Why net profit drop to $91 million in Q4 ?
The main 3 items that reduce Genting SP Q4 net profit.
1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.
Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on how they use the money. Example previously they cannot pay dividend until they payout their loans.
2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.
3) Finance Cost added another 41 million - Year End Bonuses. Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.
After Reading Genting SP report. I am really positive with its future.
Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.
MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.
2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.
Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011
. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.
The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.
Upgrade to Buy S$2.75 |
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i will wait till fri to buy
sinetic8 ( Date: 22-Feb-2011 19:53) Posted:
wah. $1.50 a bit ambitious leh.. i was thinking lowest > 1.7 leh. < $1.50, it's like asking all the gamblers don't go casino and gamble, buy their shares better. higher chance of winning.. he he.
krisluke ( Date: 22-Feb-2011 19:47) Posted:
| impressive writeout. thank you. btw, what price to enter lah? $1.50 (the gap |
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wah. $1.50 a bit ambitious leh.. i was thinking lowest > 1.7 leh. < $1.50, it's like asking all the gamblers don't go casino and gamble, buy their shares better. higher chance of winning.. he he.
krisluke ( Date: 22-Feb-2011 19:47) Posted:
impressive writeout. thank you. btw, what price to enter lah? $1.50 (the gap)
risktaker ( Date: 22-Feb-2011 19:27) Posted:
Let me teach you how to read the report.
1) Revenue S$775.2 Million an increase of 6% over last quarter - Revenue must growth by at least 5% as seasons period during the Q4 and they beat it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3 - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.
Why net profit drop to $91 million in Q4 ?
The main 3 items that reduce Genting SP Q4 net profit.
1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.
Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on how they use the money. Example previously they cannot pay dividend until they payout their loans.
2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.
3) Finance Cost added another 41 million - Year End Bonuses. Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.
After Reading Genting SP report. I am really positive with its future.
Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.
MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.
2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.
Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011
. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.
The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.
Upgrade to Buy S$2.75 |
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impressive writeout. thank you. btw, what price to enter lah? $1.50 (the gap)
risktaker ( Date: 22-Feb-2011 19:27) Posted:
Let me teach you how to read the report.
1) Revenue S$775.2 Million an increase of 6% over last quarter - Revenue must growth by at least 5% as seasons period during the Q4 and they beat it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3 - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.
Why net profit drop to $91 million in Q4 ?
The main 3 items that reduce Genting SP Q4 net profit.
1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.
Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on how they use the money. Example previously they cannot pay dividend until they payout their loans.
2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.
3) Finance Cost added another 41 million - Year End Bonuses. Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.
After Reading Genting SP report. I am really positive with its future.
Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.
MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.
2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.
Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011
. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.
The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.
Upgrade to Buy S$2.75
krisluke ( Date: 22-Feb-2011 18:57) Posted:
| anyway, my 7 lots sold last week. btw, this article is from which house i mean B |
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dont think the market will react it as positive news. Most retail investors won't hold for long after seeing the current Q report. I think tmr can see ultra huge buy up from the BBs at 8:59 again already. that time 2.07 they buy up 12mil. now it's 1.88, i think they going to draw more ammo already.
Citigold ( Date: 22-Feb-2011 19:08) Posted:
But i accumulated quite alot alrdy .Hope the market intepret it as positive news.
sinetic8 ( Date: 22-Feb-2011 19:00) Posted:
ha ha.. like that even better. those investors who are wetting the pants now are going to sell tmr, so for us to accumulate.
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Let me teach you how to read the report.
1) Revenue S$775.2 Million an increase of 6% over last quarter - Revenue must growth by at least 5% as seasons period during the Q4 and they beat it. Revenue is very important it shows if your growing or not.
2) EBITDA S$389.8 Million an increase of S$40 million as compare to 349 million in Q3 - Margin is not over 50% and the win rate of RWS is more attractive and I like it because people will preferred RWS..... unlike MBS.
Why net profit drop to $91 million in Q4 ?
The main 3 items that reduce Genting SP Q4 net profit.
1) Loss on discontinuance of cash flow hedge accounting using interest rate swaps of S$61.6 million arising from settlement of interest rate swaps in December 2010 ? I am sure people are puzzle whats that.
In December, RWSPL signed a commitment letter to refinance its existing loan facilities. The proposed re-financing of S$4.1925 billion, comprises of a S$3.5 billion term loan facility, S$0.5 billion in revolving credit facility and a S$192.5 million banker‟ s guarantee facility. Following this refinancing, RWSPL has terminated the interest rate swaps, resulting in a loss on termination of S$61.6 million and discontinued hedge accounting for the interest rate swaps. The refinancing facilities were completed on 1 February 2011.
Refinancing will give you better interest rate which will in turn save you millions and free itself from certain restrictions on how they use the money. Example previously they cannot pay dividend until they payout their loans.
2) Additional deferred tax from UK operations - 38 million. No choice you had to take it.
3) Finance Cost added another 41 million - Year End Bonuses. Well the RWS is rewarding its staff and if you reward your staff well. They will perform and if they perform RWS will do well.
After Reading Genting SP report. I am really positive with its future.
Universal Studios Singapore continues to expand its attractions providing all visitors with wonderful memorable experiences. The Battlestar Galactica duelling coasters, the world‟ s tallest duelling coasters, officially opened on 21 February 2011. Two other major attractions will open during the year - Journey to Madagascar: A Crate Adventure and Transformers will make its world debut in Universal Studios Singapore in the first and second half of 2011 respectively. The park welcomed more than 2 million visitors last year, and daily park attendance will more than double in 2011. The casino sees strong visitorship in both VIP and mass segments. We continue to roll out fresh benefits for our members, with exclusive events, privileges and benefits.
MICE business has been strong with high event bookings for 2011 as RWS able to provide surprising and differentiated venues in its sprawling resort environment. In food & beverage, Joel Robuchon, the world‟ s most decorated chef with 26 Michelin stars, will open three outlets in RWS from second quarter 2011.
2011 continues to be an exciting year as the resort ramps up to full completion in 2012, adding to the breadth of our appeal and offerings for the leisure and family visitor.
Development of the second phase – the West Zone proceeds at full speed, with The Maritime Experiential Museum and Aquarium scheduled to open in mid-2011
. New attractions such as The Marine Life Park and destination spa ESPA will follow, together with two new luxury hotels that will add another 450 keys to our room inventory. RWS will ramp up to full completion in 2012, and on completion will provide even greater tourism appeal and scale.
The West Zone will reinforce RWS‟ s standing as the integrated resort of choice to all visitors from Asia.
Upgrade to Buy S$2.75 krisluke ( Date: 22-Feb-2011 18:57) Posted:
anyway, my 7 lots sold last week. btw, this article is from which house i mean BB
risktaker ( Date: 22-Feb-2011 18:49) Posted:
Group revenue for the year increased to S$2,753.3 million compared to revenue last year of S$49.5 million due to the commencement of business of the four hotels, food & beverage, the casino and Universal Studio Singapore (" USS" ) of Resorts World Sentosa (" RWS" ), Singapore first Integrated Resort (" Singapore IR" ). The The Group recorded a net profit of S$657.2 million.
Fourth quarter performance review – continuing operations
For the fourth quarter of 2010, the Group recorded revenue of S$788.5 million and adjusted EBITDA of S$385.6 million.
Singapore IR contributed revenue of S$775.2 million for the fourth quarter of 2010, an increase of 6% from the third quarter of 2010. The improvement in the revenue is substantially contributed by the increase in the volume of premium players‟ business with significant contribution from USS and the hotels. There was a daily average of around 8,300 visitors to USS with an average spend of S$85 per visitor. RWS‟ hotel occupancy for fourth quarter of 2010 was 79% with an average room rate of S$294.
Adjusted EBITDA of Singapore IR for the fourth quarter of 2010 was S$389.8 million. This is an improvement of the margin from the third quarter of 2010 and is attributable to the increase in revenue. It is, however, diminished by a lower luck factor in the VIP business compared to the third quarter.
Upgraded To BUY ! With TP S$2.75
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Indeed, those top management received shares before the result released also confirmed this yr positive result
master_changkw ( Date: 22-Feb-2011 19:12) Posted:
| anyone know how much bonus Genting SP pay for their stuff? If you know that, more or less you know the answer. No company will give bonus if the result is no good...make sense? |
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anyone know how much bonus Genting SP pay for their stuff? If you know that, more or less you know the answer. No company will give bonus if the result is no good...make sense?
But i accumulated quite alot alrdy .Hope the market intepret it as positive news.
sinetic8 ( Date: 22-Feb-2011 19:00) Posted:
ha ha.. like that even better. those investors who are wetting the pants now are going to sell tmr, so for us to accumulate.
Citigold ( Date: 22-Feb-2011 18:57) Posted:
| The way they report is very misleading to retail investors.
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Go go go!
ha ha.. like that even better. those investors who are wetting the pants now are going to sell tmr, so for us to accumulate.
Citigold ( Date: 22-Feb-2011 18:57) Posted:
The way they report is very misleading to retail investors.
krisluke ( Date: 22-Feb-2011 18:18) Posted:
| Genting Singapore reports 4Q loss of $150.3m |
Tags: Genting Singapore Plc
| Written by Bloomberg |
| Tuesday, 22 February 2011 18:05 |
Genting Singapore Plc, the world’s third-biggest casino company by market value, reported net loss widened in the fourth quarter to $150.3 million from a loss of $101.7 million a year earlier.
Full-year net income was at S$37.8 million, missing the $615 million average estimate of 21 analysts surveyed by Bloomberg.
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anyway, my 7 lots sold last week. btw, this article is from which house i mean BB
risktaker ( Date: 22-Feb-2011 18:49) Posted:
Group revenue for the year increased to S$2,753.3 million compared to revenue last year of S$49.5 million due to the commencement of business of the four hotels, food & beverage, the casino and Universal Studio Singapore (" USS" ) of Resorts World Sentosa (" RWS" ), Singapore first Integrated Resort (" Singapore IR" ). The The Group recorded a net profit of S$657.2 million.
Fourth quarter performance review – continuing operations
For the fourth quarter of 2010, the Group recorded revenue of S$788.5 million and adjusted EBITDA of S$385.6 million.
Singapore IR contributed revenue of S$775.2 million for the fourth quarter of 2010, an increase of 6% from the third quarter of 2010. The improvement in the revenue is substantially contributed by the increase in the volume of premium players‟ business with significant contribution from USS and the hotels. There was a daily average of around 8,300 visitors to USS with an average spend of S$85 per visitor. RWS‟ hotel occupancy for fourth quarter of 2010 was 79% with an average room rate of S$294.
Adjusted EBITDA of Singapore IR for the fourth quarter of 2010 was S$389.8 million. This is an improvement of the margin from the third quarter of 2010 and is attributable to the increase in revenue. It is, however, diminished by a lower luck factor in the VIP business compared to the third quarter.
Upgraded To BUY ! With TP S$2.75
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