
Shares of casino operators Genting Singapore <GENS.SI> and Genting Hong Kong <GENH.SI> rose on Friday after DBS Vickers said the Singapore gaming sector is poised for strong growth on the back of junkets and entry into new markets.
Genting Singapore shares rose as much as 2.5% and Genting HK gained as much as 3.6%. At 10:36 a.m., Genting Singapore shares were up 2% at $2.08 on a volume of 79.1 million shares. Genting HK shares were trading at $0.435 with 10.5 million shares changing hands. “DBS has a favourable report on the gaming market today, which shows that there is still room for growth,” said a local trader. However, another trader expressed reservations about the ability of casino operators to sustain performance. |
17:05:01 | 0.430 | 1,657 | B |
16:59:54 | 0.425 | 1 | B |
16:59:52 | 0.430 | 20 | S |
16:59:38 | 0.425 | 2 | B |
16:59:33 | 0.430 | 50 | S |
16:59:06 | 0.425 | 1 | B |
16:59:05 | 0.430 | 10 | S |
last minutes sold 1,657....either the system buy back at higher value ? or this is an oversold region.
On the other hand, it is an opportunity to buy.......there will be no "wayang" (show) until it hits .50 again.
gavinl ( Date: 02-Dec-2010 19:47) Posted:
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Flyordie ( Date: 02-Dec-2010 19:37) Posted:
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if tomorrow shot up 0.47 it would be good !
lowchia ( Date: 01-Dec-2010 21:12) Posted:
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Closed below the supportive line: $0.42.
Thousand plus lots sold down on 17.05pm.
Which is meant tomorrow will test the 0.40 or lower ?
Bad Signal !!!
On Wednesday, Genting HK re-tests the resistance at $0.425 and closed at $0.43 with LOW volume of 32.2 million shares traded.
A white candle stick with little upper/lower shadow affirms that investors have no hesitant in buy the stocks above the $0.425 level.
Both RSI & MACD are neutral as MACD lines converge together.
Important Resistance of Genting HK: $0.47
Immediate Support of Genting HK: $0.425
Currently prices are resisted by the 20/50 days MA at $0.47
On 29/Nov, Genting HK fell off the critical support at $0.425 but bulls managed to push it above this level within these few days.
If interested in the fundamental of the company, do consider buying at $0.425 support since it has been tested and remained valid.
SEE ANALYSIS OF STRAITSASIA
However we would like to warn that the buying pressure recently is relatively weak and the break of $0.425 is lack of conviction.
melt74 ( Date: 01-Dec-2010 16:38) Posted:
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13:59:00 | 0.420 | 1,000 | B |
ghost seller !
smallRole ( Date: 01-Dec-2010 10:22) Posted:
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No more surprise from Genting Hong Kong....
panastar89 ( Date: 30-Nov-2010 19:26) Posted:
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Genting HK aims to put Manila on lifestyle map
BUSINESS TIMES
http://www.btimes.com.my/Current_News/BTIMES/articles/gentig/Article/#ixzz16lQdpDnL
Resorts World Manila will be banking on the rich heritage and culture of Manila to draw in the numbers, says president of Genting Hong Kong
MANILA: Leading global leisure, entertainment and hospitality corporation Genting Hong Kong Ltd has high aspirations of putting Manila on the map as the next biggest lifestyle hub in Southeast Asia.
David Chua, president of Genting Hong Kong Ltd, said that he was confident of Resorts World Manila's (RWM) capability in becoming a "money generator".
Chua said that RWM will be banking on the rich heritage and culture of Manila to draw in the numbers. He said that annual tourist arrivals in Manila was 3.3 million, with a 15 per cent increase from the previous year.
Although Chua declined to reveal how much Genting Hong Kong profited in terms of sea- and land-based operations, he said that 70 per cent of the contributions came from its cruise line operations, which he said was still "growing by leaps and bounds".
"We have just ordered two fleets under the NCL, with each costing RM850 million to build. They will be launched in July and be based in Miami," Chua said.
He said that Star Cruises will be embarking on a new route in February or March next year.
"The bigger Superstar Libra, which is 46,000 tonnes, will be running the Phuket and Krabi route from Penang, following the success of smaller ships with the tourism board. We are also increasing tonnage into Taiwan as the booking trend in Taiwan is two-to threefold of last year," he said.
Chua was speaking to Malaysian reporters after the signing of a US$600 million (RM1.9 billion) loan facility agreement by Genting Hong Kong with Maybank Investment Bank Bhd, Credit Agricole Corporate and Investment Bank, DnB NOR Bank ASA, RHB Bank (L) Ltd, Hong Kong and Shanghai Banking Corp Ltd and Oversea-Chinese Banking Corp Ltd, which acted as joint mandated lead arrangers, underwriters and bookrunners in the transaction.
Genting Hong Kong chairman and chief executive officer Tan Sri Lim Kok Thay, who was present at the signing, said that Genting Hong Kong was pleased to have the opportunity to work with its key relationship banks which have a sound understanding of the company and have shown consistent support over the years.
The signing ceremony was held at the newly opened Genting Club in RWM, in conjunction with the Genting Group's 45th year anniversary celebrations.
The RWM, which opened its doors in August 2009, is an integrated leisure and entertainment complex featuring three hotels, including a six-star all-suite Maxims Hotel, a shopping mall, four high-end cinemas and a multi-purpose performing arts theatre.
Earlier in the day, Genting Hong Kong held a signing ceremony with the Technical and Further Education New South Wales and the University of Technology Sydney as part of the collaboration to provide international level hospitality training to young Filipino students at its Genting-Star Tourism Academy.
Read more: Genting HK aims to put Manila on lifestyle map http://www.btimes.com.my/Current_News/BTIMES/articles/gentig/Article/#ixzz16lQt9kp4
17:05:02 | 0.415 | 1,295 | S |
17:00:00 | 0.415 | 20 | B |
16:59:33 | 0.415 | 10 | B |
16:59:25 | 0.415 | 10 | B |
16:58:47 | 0.415 | 10 | B |
16:58:20 | 0.415 | 200 | B |
16:57:05 | 0.420 | 1 | S |
16:56:13 | 0.415 | 10 | B |
16:56:07 | 0.415 | 50 | B |
same here...
but silent is gold ?
bishan22 ( Date: 30-Nov-2010 19:03) Posted:
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