Post Reply
4341-4360 of 23260
Las Vegas Sands’ Singapore casino CEO resigns
Tags: Marina Bay Sands
Written by Medeline Ting
Friday, 28 January 2011 21:23
Share this
Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this FacebookExport PDFPrintE-mail
Tom Arasi, chief executive of Marina Bay Sands, the Singapore casino of U.S. group Las Vegas Sands (LVS.N), has resigned and will leave on Feb. 18, according to a memo seen by Reuters on Friday.
A Marina Bay Sands spokeswoman confirmed Arasi’s resignation but declined to elaborate.
Marina Bay Sands, built at a cost of US$5.5 billion ($7.03 billion), opened its doors last April. It US$242 million in earnings before interest, tax, depreciation and amortisation for the quarter ended Sept 30, Las Vegas Sands said on Oct 27.
The U.S. casino group will report fourth-quarter results on Feb 3.
GENTING's share price has been under a lot of Shorties' Pressure not Bulge Brackets', none of the BANKS are selling their Genting shares, noting that Genting's 4th Quarter Results will be Extraordinarily Higer than any of the previous Quarters, "big operators" have been shorting the stock to consolidate at a lower price in wait for the BIG WAVE. Results on the 18th FEB, any wonder why Tom Arasi, the chief executive CEO of Marina Bay Sands, biggest and one and only rival of Genting has resigned and will leave on Feb. 18? Brokerages and banks have been keeping their "BUY" calls even when the share price dropped 20cents in 1-2 weeks? Coincidental? Do note from the chart, Genting "always" dropped the previous 8-10days before the Significant RiseUp Rally of 20-30cents. The recent "bad air" surrounding Casino stocks involve STANLEY HO, the billionaire, and his fight with his relatives over his shares in the biggest casino stakes. Singapore "PUNTERS" or should we just call them "OPERATORS", have been chancing on this MUCH NEEDED news to SHORT the stock so as to consolidate at a lower price. Genting is and will always be Punter's favorite for it is easy to manipulate and retailer's are always one step forward two steps back. CHINESE NEW YEAR what can we expect from Genting's earnings? Where do people go during this 4days period but to try their luck? The BIG CHINESE NEW YEAR rally coinciding with GENTING'S fourth QUARTER results due later in the month is the catalyst to push the price at least to a reasonable range of 2.3 - 2.5 based on NAVs and BUY CALLS targets of DBS VICKERS, OCBC SECURITIES, KIM ENG, PHILIPS ranging from 2.5 to 2.7. Wonder why none of the brokerages issued any "NEWS" regarding Genting while still maintaining their BUYS even after a significant 20cents drop in 1-2 weeks? NONE of the brokerages but KAYHIAN are opposite BUYS. The recent price action has been the result of "syndicates of operational SHORTIES'" consolidations and accumulations. CATCH THE SHORTIES and FLY WITH THE BIG BOYS.
wow, lucky u ......
surely time for it to cheong already.....
krisluke ( Date: 28-Jan-2011 18:02) Posted:
|
got dun know what license problem... chance to get it cheap today, my view 
omg is it going to crash? seems like going downtrend..
Yeah, and didn't do it's part yesterday as well for the STI. Tsk.
stockwinner ( Date: 28-Jan-2011 09:27) Posted:
|
suck, getting lower and lower... already 2.03
Genting SP: Credit Suisse reiterate OutPerform call with $2.65 TP, tipping ‘more good things to come’. Highlight that anecdotal evidence suggest that grp had a happy holiday season, with its high exposure th SG tourism’s industry, while key catalysts includes fresh hotel capacity and new attractions through 2011-12, and the potential licensing of junkets in 2011. Add that long-term outlook is attractive, and casino appears relatively cheap vs global peers.
Similarly, Daiwa while positive on Genting, downgrades TP to $2.78 from $2.93. Note that positive fundamentals remain unchanged and further erosion of grps market share should be kept in check in 2011. Believe more gaming-revenue potential for SG will become visible operators step up their marketing efforts in the region. Note that valuation are no longer the most demanding, trading at an EV/EBITDA multiple of 14x vs 10-16x for the Macau gaming operators.
Similarly, Daiwa while positive on Genting, downgrades TP to $2.78 from $2.93. Note that positive fundamentals remain unchanged and further erosion of grps market share should be kept in check in 2011. Believe more gaming-revenue potential for SG will become visible operators step up their marketing efforts in the region. Note that valuation are no longer the most demanding, trading at an EV/EBITDA multiple of 14x vs 10-16x for the Macau gaming operators.
It's getting to look somewhat like an "Inverted Saucer" in the making...
Genting singapore chiong arhhhhhh.... $2.35 OH YES !!! YES !!! YES!!!!
support at $2.05/06...
You too! Nike.
Expecting further consolidation before this start to rally again. Mark your price and wait for the bullss!!
I am hoping it cld show some positive sign.
amilytan ( Date: 26-Jan-2011 21:16) Posted:
|
anybody can advise about this stock? a lot of analyst rate outperform but these stock still look not perform.
Casino operator Genting Singapore's wholly-owned subsidiary Resorts World Properties is in talks with Singapore Technologies for the purchase of an office block, reported Business Times.
According to the Business Times, Resorts World will pay nearly S$150 mln for the property.
Genting Singapore has released an announcement confirming the Business Times article. It said the sale and acquisition of the office block is still under negotiations and it will make a further announcement in due course.
~INVESTOR CENTRAL’S TAKE~
Genting Singapore's current ratios (by Reuters):
P/E: -
P/B: 9.75x
Free cashflow for FY2009: -S$2,068.61 mln vs -S$723.95 mln
Analysts surveyed by Reuters have on average a OUTPERFORM call on the stock with a price target of S$2.42.
According to the Business Times, Resorts World will pay nearly S$150 mln for the property.
Genting Singapore has released an announcement confirming the Business Times article. It said the sale and acquisition of the office block is still under negotiations and it will make a further announcement in due course.
~INVESTOR CENTRAL’S TAKE~
Genting Singapore's current ratios (by Reuters):
P/E: -
P/B: 9.75x
Free cashflow for FY2009: -S$2,068.61 mln vs -S$723.95 mln
Analysts surveyed by Reuters have on average a OUTPERFORM call on the stock with a price target of S$2.42.
Taxi drivers been complaining NO business. Now is only a week before chines new year, and they still dont see the shopping crowd or people buying CNY stuff. Business has been much worst compared to last year one week beofre CNY.
Why? Becos this year, the crowd has been drwan to the Casinos!! Some people could loose until no more money to take taxi and asking if can he or she get FREE ride! Some just dont pay after the taxi trip claiming they has lost until pennyless..................
Sad but true - but, dont be sad if you want the share price to move up, be sad if you have gambling family members who become addicted to gambling. Simply block he or she frm entering casinos.
5 Years down the road, Will we see any of the shopping malls closing down or merger? There are simply too many malls being built, e.g Tampines area has 3 malls and just the GIODARNAO brand itself, already have few outlets in that area.
Sept11 ( Date: 24-Jan-2011 23:22) Posted:
|
Before last rally price, it stays around 2.04 to 2.09....
Went for holiday.
epliew ( Date: 25-Jan-2011 13:43) Posted:
|
where is pharoah 88 ?
walau...drop so much, ...
Don't any how chiong... Chiong up or chiong down??
niuyear ( Date: 14-Jan-2011 15:22) Posted:
|