Genting Sing    Last:0.755    -0.015

GenSp starts to move up again

Boabei or Bubble...

    It this also applicable to all stocks.

       This is because of the simple fact that

          prices are the result of buyers' perceptions

             which may not reflect their true value...

                Thus, like I have said before-

                   all betting is merely

                      betting on other people's preception... 

calculus1985      ( Date: 12-Dec-2010 12:38) Posted: I feel that Genting SP is more like a Bubble  iPunter      ( Date: 12-Dec-2010 11:31) Posted: But no matter what view one holds about the stock market,    GentSp will remain a baobei (precious darling) for everyone to enjoy their betting...       hehehe...

 

I feel that Genting SP is more like a Bubble 

iPunter      ( Date: 12-Dec-2010 11:31) Posted: But no matter what view one holds about the stock market,    GentSp will remain a baobei (precious darling) for everyone to enjoy their betting...       hehehe...

 

But no matter what view one holds about the stock market,

   GentSp will remain a baobei (precious darling) for everyone to enjoy their betting...

      hehehe...

 

Weekend Comment Dec 10: Switch from bonds to equity, says Nomura’s Darby.... GentingSP is a growth stock and must be in your investment portfolio. The only question is what price u gonna pay for it? IMHO, current price still long way to go....

 

Is all about money and for themself to get rich. Rich becoming richer.

This idea to sell vested interest, can greatly capitalise on outside players to achieve their goal of lining more into their pocket.

So player, pls do so to enrich ur self, err...also for owner and his kakis...Ya.

calculus1985      ( Date: 12-Dec-2010 09:27) Posted: Warning Sign appears on Genting SP chart! It might make a bearish U-Turn if confirmation sign appears in the next few day! Trader beware.  See my analysis on Genting SP  if Genting SP payout dividend after the re-finance, it might be a bad bad move.

 

The key word there is  "could" ...

   it is then up to you to place your bet...

Sept11      ( Date: 12-Dec-2010 10:59) Posted: From BT: ......Genting S'pore reveals latest ace up its sleeve....... AFTER generating impressive revenues, Genting Singapore has turned its attention to the other side of its balance sheet - its interest burden and costs - and this could spell good news for shareholders.

 

Ya...Like very pro-businessman, borrowing top money to pay off debt again this time.

Not raising more money thro...right, or thro...bond sales, even thro... issuing new share.

This is calling rolling it mountain of debt of S$4.2 billion from one financial insitution to another to generate news, indicating they are trying to pay off debt ASAP. debt is debt and is always there (more or less oni.)

For bosses and BBs. Can't allow themself using public money again to pocket into their wallet.

By selling this idea to vested interest, they can greatly capitalise on outside players to achieve their goal of lining more into their pocket.

just sharing my alternative opinion.

 

From BT: ......Genting S'pore reveals latest ace up its sleeve....... AFTER generating impressive revenues, Genting Singapore has turned its attention to the other side of its balance sheet - its interest burden and costs - and this could spell good news for shareholders.

 

It's true...

 

Buying, selling, or holding are equally risky actions...

   All is betting...

 

 

Warning Sign appears on Genting SP chart! It might make a bearish U-Turn if confirmation sign appears in the next few day! Trader beware. 

See my analysis on Genting SP 

if Genting SP payout dividend after the re-finance, it might be a bad bad move.

 

Wah , got dividend, a cent would get a k, hoe shei liao. Cheers.

 

Genting Singapore (G13.SG) could be considering paying dividends as it is refinancing its $4.19 billion debt, says Citigroup, which has a Buy call with a $2.75 target. According to Genting, the 7-year syndicated loan from 5 banks will give it more flexibility in using the funds. “With the covenant of the existing debt, Genting Singapore is restricted from (paying dividends) until the group starts repaying its loan,”Citigroup says. Notes Genting currently pays SGD swap offer rate plus 1.75%, but will pay 1.6% for the first 3 months and swap offer rate plus 1.2%-1.6% under the new facility. The existing loan was taken in 2008 to build Resorts World Sentosa. While the refinancing is positive, investors are hardly swayed, with shares down 1.8% at $2.16 after a sustained rise over the past 7 sessions. Support is tipped at the 10-day moving average, last at $2.10.

 

how many lots u got there now?

jm2212      ( Date: 10-Dec-2010 07:28) Posted: i remember when attended the last AGM, management said no dividen will be issued till they paid off all the debts as that was the condition signed with the banks. With this re-financing, may be there is no more such restriction??? Anyway, my bet on genting is more on capital gain rather than dividen pay out.

 

Genting Singapore off 1.4%; Refinancing ignored

Written by Dow Jones & Co, Inc

Friday, 10 December 2010 12:00

Genting Singapore (G13.SG) is down 1.4% at $2.17 on light profit-taking after a sustained rise over the past 7 sessions.

The gaming group’s move to refinance $4.19 billion of loans doesn’t appear to have caught investors’ eye, despite being offered more favourable terms.

Still, one analyst from a Singapore house says the refinancing will go some way in helping Genting’s profitability as the interest rates charged for the loans obtained in 2008 to build Resorts World Sentosa were around 4% vs the new 7-year syndicated loan’s 1.6% for the first 3 months, then pegged at the SGD swap offer rate plus 1.2% to 1.6%; “rates are so low now. They are doing everything they can to maintain their profitability.”

The Bank of Tokyo-Mitsubishi UFJ, DBS, HSBC, OCBC and Sumitomo Mitsui Banking are behind the syndicated loan. Support is tipped at the 10-day moving average, last at $2.10.

 

oic,

  now i understand...

      thanks for explaining... 

jm2212      ( Date: 10-Dec-2010 11:13) Posted: i started buy genting when it was at us$0.13, 2 time of rights issues at $0.60 & $0.80, at one point i had almost 2mil shares...., nothing wrong to take some profit (also panic during the financial crisis and needed some cash for other purposes)

 

i started buy genting when it was at us$0.13, 2 time of rights issues at $0.60 & $0.80, at one point i had almost 2mil shares...., nothing wrong to take some profit (also panic during the financial crisis and needed some cash for other purposes)

 

I cannot understand what your point is...

   If the rationale is there,

      then I am amazed you have even sold,

         not to mention 'too early'...

jm2212      ( Date: 10-Dec-2010 11:03) Posted: if one believes in genting's long term prospect, any dip to $2 is a buying opportunity. where to buy such lucrative business (with only 2 casinos in 10 years) in a developed nation? though there is luck factor involved and also exposed to external risk, this is still one of the best counters if you choose to stay in the market and continue investing...... again my just opinion. regretted sold some too early, will want to continue to add on my holdings whenever possible

 

if one believes in genting's long term prospect, any dip to $2 is a buying opportunity. where to buy such lucrative business (with only 2 casinos in 10 years) in a developed nation? though there is luck factor involved and also exposed to external risk, this is still one of the best counters if you choose to stay in the market and continue investing...... again my just opinion. regretted sold some too early, will want to continue to add on my holdings whenever possible

 

nothing leh.... what is brewing ?

pharoah88      ( Date: 09-Dec-2010 15:17) Posted: S E E M S sOmethIng  brewIng at  GENTING  BERHAD     may  invOlve  GENTING  SP and GENTING  HK later