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election coming mah.... good image.....
good point !
melgo5 ( Date: 26-Nov-2010 15:23) Posted:
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Casino Genting Bhd already history in Malayia. How come malaysian govt. didnt stop malaysian from gambling there ?
AnthonyTan ( Date: 26-Nov-2010 15:14) Posted:
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genting 2.0 now.
Malaysian Govt. trying to stop Malaysian from going
to Sentosa casino lol.Gambling has bad social ill for
families.
sorry brother,...... i cannot see the meaning of the holding now....
| 15:03:50 | 2.010 | 1,971 | B |
| 15:03:27 | 2.010 | 2 | B |
| 15:03:26 | 2.010 | 54 | B |
| 15:03:13 | 2.010 | 3 | B |
| 15:03:12 | 2.010 | 5 | B |
| 15:03:07 | 2.010 | 5 | B |
| 15:03:03 | 2.010 | 1,818 | S |
people are totally confused ?
i usually wont go for tiny profit, wait till it hit at least 2.2 b4 considering selling.
epliew ( Date: 25-Nov-2010 12:55) Posted:
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Gaming revenue here is expected to hit S$6 billion this year, despite many IR attractions not being fully open. The revenue is expected to rise further to S$7 billion to S$8 billion next year, according to Dr Chua.
In comparison, Las Vegas is set to pull in S$7.5 billion this year and about S$7.8 billion next year.
Macau still retains top spot as the No.1 gaming market at US$23 billion in earnings this year and more than S$26 billion projected for next year.
In Singapore, RWS is likely to book S$1.4 billion in pre-tax profits this year and S$2 billion next year, while MBS is expected to make S$811 million this year and S$1.5 billion next year.
Government coffers are set for a hefty boost too, from company tax, goods and services tax (GST) and casino duties, to the tune of S$1.1 billion this year and S$1.6 billion next year, he said.
Another S$300 million in entry levies collected this year will go to the Tote Board which funds community projects.
Dr Chua said the figures were based on a conservative estimate of 50,000 visitors in total to both casinos each day this year, assuming 28 per cent of visitors are Singapore residents who have to pay a levy.
The Government charges each Singapore citizen or permanent resident a S$100 entry fee to lower the social costs of the casinos. By May, it had collected S$70 million.
“Contributions from the IRs by themselves may not tip the overall budget deficit position into a surplus… But the IRs have also boosted growth in many tourism-related sectors, including hotels and restaurants, real estate and financial activities,” Dr Chua revealed.
He adds, “The overall fiscal balance will probably turn a small surplus given the sharp V-shaped economic recovery and casino bonanza.”
Head of Asian gaming research in research house CLSA, Aaron Fischer, offers a more optimistic projection. He expects gaming revenues here to hit S$8.5 billion next year and S$10.4 billion in 2012.
Mr Fischer said that Asian tourists are flocking to the Universal Studios theme park, the Formula One race, conventions and casinos in Singapore.
“Due to the lower gaming tax, foreign VIP players can be offered higher commissions and rebates which makes Singapore more attractive than Macau, Australia and Las Vegas,” he said.
DBS Bank economist Irvin Seah expects S$5.2 billion will be added to the economy next year out of casino revenue. He said a fiscal surplus could add spice to next year’s Budget, widely tipped as an election one.
Dr Chua said that the income boost could be used to enhance the social safety net.
“Workforce costs the Government S$100 million annually, and benefits around 400,000 low wage workers. Imagine what another S$300,000 million from entry levies or S$1.4 billion in total gaming duties, taxes and levies could do.”
sell at 2.05 .... not bad ?
jm2212 ( Date: 25-Nov-2010 09:34) Posted:
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Look out, Las Vegas.
Singapore is hot on its heels to become the world’s No. 2 gaming market next year, a report says.
According to a new report, the Government stands to gain a substantial S$1.38 billion from taxes, duties and levies from both integrated resorts (IRs) this year.
The figure is set to hit S$2.16 billion next year as the IRs ramp up operations to push Singapore past Las Vegas as the world’s second largest gaming market, said Dr Chua Hak Bin, director of global research at Bank of America-Merrill Lynch on The Straits Times.
This may even help the Government turn a projected fiscal deficit of roughly S$2.96 billion this year into a small surplus, Mr Chua said in the report. The figures include revenue from IR-related growth such as tourism.
The strong showing at both Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) has exceeded even the most optimistic of projections for growth.
i went in a bit early that day and got it at $2, Q more at $1.90 yesterday but price didn't reach that level. I just believe that it has corrected enough, is difficult to time the market and more difficult to enter at its lowest point (i was simply lucky to buy at 1.86 during the Sep correction).
Good thinking, will stay sideline n watch, no urge to sell yet. Cheers.
FearValueGreed ( Date: 25-Nov-2010 00:01) Posted:
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It will be at least one month before Gent price is stablised.
If you have not buy, pls go for holiday and come back still got time
Ha ha, watch out after noon Fri loh. Your choice liao. As far as it above 2, AK happy liao. Cheers.
Incinerate13 ( Date: 24-Nov-2010 22:37) Posted:
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So current Gen Sp isiz safe to enter or should i wait for next week?
strange day ya ?
genting is on upward trend again ?
lowchia ( Date: 23-Nov-2010 22:37) Posted:
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wow...... handy man..... you fixed the pipes..... auntie will love you ya !!!!!
AK_Francis ( Date: 24-Nov-2010 12:19) Posted:
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| 17:05:02 | 2.000 | 226 | S |
| 17:05:02 | 2.000 | 4,682 | S |
| 16:59:57 | 2.000 | 15 | S |
| 16:59:54 | 2.000 | 100 | S |
CIMB Technical View about Genting Singapore
Genting Singapore (GENS SP; S$1.95; Sell) – Breakdown below bearish wedge pattern
Make love more, don't make more enemies
* Index up 0.5 percent, 3,156 resistance eyed
* Mewah IPO hurt by jittery markets
* Genting Singapore outperforms on bargain hunting
By Charmian Kok
SINGAPORE, Nov 24 (Reuters) - Singapore shares rose slightly at midday Wednesday, as investors covered short positions and as regional bourses pared earlier losses from tensions on the Korean peninsula.
By the lunch break, the Straits Times Index (STI) was up 0.5 percent, or 15.60 points, at 3,141.90, rebounding after it hit its lowest level in three weeks on Tuesday. Total market volume was 1.09 billion shares.
"We're getting a slight bounce and expected this because the index was quite oversold yesterday," said Carey Wong, an investment analyst at OCBC Investment Research. "There's some short covering now."
"But we're still in quite a fragile state so there could potentially be more correction. Any rebound may be used as a point to sell again," said Wong, who expects the STI to face resistance at 3,156.
Jittery global markets hurt the debut of Singapore-listed palm oil refiner Mewah International , which saw its shares plunge as much as 13 percent, marking one of the weakest IPO performances in Singapore in recent months. [ID:nL3E6MO03D]
Mewah shares were traded at S$1.00, down 9 percent below its offer price of S$1.10.
Shares of Singapore's casino operator Genting Singapore rose as much as 3 percent on bargain hunting after its recent sell-off made its valuations more attractive.
At the midday, Genting shares were up 2.05 percent at S$1.99 with over 129 million shares changing hands, making it the most actively traded stock on the exchange. (Reporting by Charmian
if direction is wrong.... change.... stubborn cannot be helped !