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Latest Forum Topics / Genting Sing    Last:0.66    -0.01  Post Reply
CoscoCorp
AnthonyTan
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05-Jul-2010 16:54     
 
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AnthonyTan      ( Date: 05-Jul-2010 16:51) Posted:



iPunter, glad to hear from you, haha
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AnthonyTan
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05-Jul-2010 16:51     
 
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iPunter, glad to hear from you, haha
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AnthonyTan
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05-Jul-2010 16:47     
 
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 For those uncles, aunties and tais tais who bought

the shares at $1.16 - $1.20, they deserve it.GREED.

Warming bells rung so many times oreli.

 
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AnthonyTan
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05-Jul-2010 16:41     
 
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 Alert Admin 		Wait for $1.10 and see how it go,

AnthonyTan      ( Date: 05-Jul-2010 11:46) Posted:

Forget about this counter.Wait for opportunity ONLY.

We should move on to other counters.



freshmind      ( Date: 05-Jul-2010 11:16) Posted:

Investing in Genting sp is meaningless, so many time they treat the small investors like a fool!  Putting money in the shares just like no different as gambling in the casino.
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AnthonyTan
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05-Jul-2010 16:34     
 
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The $100 levy deter me and many of my friends from going to the casino.

Understand that many foreign workers especially from China and India

are crowding the place.Do they have the money to gamble in the casino or

are they there to look see. Many ppls inside the casino doesn't alway mean

 that business is very good lol, hahaha



alooloo      ( Date: 05-Jul-2010 16:14) Posted:

Not applicable to foreign worker on work permit...

 

Probably still can see them crowding... i don't know... i only heard so...



artng25      ( Date: 05-Jul-2010 16:11) Posted:

Errr.... I think $100 does not really deter a gambler from going (just probably means $100 less capital to them). More like the $100 is to deter the non-gambler like me from 'over clouding' the place and consuming resources that would have otherwise be meant for the gambler ; )
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AnthonyTan
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05-Jul-2010 14:05     
 
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The Chinese can stay in CHU HAI (CHINA) and walk over to Macau to gamble.

Likewise why should I pay $100 levy a day to gamble here.

The $100 levy is to discourage Singaporean from going to the

casino to gamble. The social effects will take place very soon

My opinion only. Let's wait and see.
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AnthonyTan
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05-Jul-2010 11:46     
 
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Forget about this counter.Wait for opportunity ONLY.

We should move on to other counters.



freshmind      ( Date: 05-Jul-2010 11:16) Posted:

Investing in Genting sp is meaningless, so many time they treat the small investors like a fool!  Putting money in the shares just like no different as gambling in the casino.
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AnthonyTan
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05-Jul-2010 10:08     
 
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Genting Sp divest its entire UK casino operation for S$688.8m

Book an excess over book value of around S$103m

Can anyone pl. explain "it will also  recognize a non-cash

exchang translation loss of S$338.8m". Kam siah (thank you)



pharoah88      ( Date: 05-Jul-2010 09:05) Posted:

Genting Singapore: Selling off UK operations

Summary: Genting Singapore (GS) has entered into a conditional sale and purchase agreement to divest its entire UK casino operations for £340m (or S$688.8m). If the proposed divestment is completed, GS will receive net proceeds of ~S$688.8m and will book an excess over book value of around S$103.6m. However, it will also recognize a non-cash exchange translation loss of ~S$338.8m. But we are not overly concerned as we view the sale as an exceptional item; we also agree with management’s intention to focus its energy on RWS and also opportunities in the region, as gaming here is still likely to experience good growth prospects. Assuming the deal is completed, we expect it to reduce our FY10 sales estimate by 24% but increase our net profit estimate by 13% as margins would improve ex-UK operations. As we also believe that GS is likely to spend less in capex without its UK operations, our DCF-based fair value rises from S$1.29 to S$1.34. Maintain BUY. (Carey Wong)
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AnthonyTan
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05-Jul-2010 09:31     
 
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Most companies alway project or show nice numbers

in their financial reports.Sorry I cannot quote the co.

here. You check it out.



alooloo      ( Date: 05-Jul-2010 09:05) Posted:



You're right up to now...

But you can't stop them use the number to project good EPS for FY10....

I calculated... it can be as good as 12 cents EPS.... for FY10... if they use the 6mil to offset first quarter loss.
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AnthonyTan
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05-Jul-2010 09:23     
 
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BY MORGAN STANLEY RESEARCH ASIA/PACIFIC

Genting Sp is the most expensive stock in gaming coverage

universe (16X2011e EV/EBITDA)

Yet ppls are buying, why??????

For the future?????? no body can tell, float or sink



pharoah88      ( Date: 05-Jul-2010 09:05) Posted:

Genting Singapore: Selling off UK operations

Summary: Genting Singapore (GS) has entered into a conditional sale and purchase agreement to divest its entire UK casino operations for £340m (or S$688.8m). If the proposed divestment is completed, GS will receive net proceeds of ~S$688.8m and will book an excess over book value of around S$103.6m. However, it will also recognize a non-cash exchange translation loss of ~S$338.8m. But we are not overly concerned as we view the sale as an exceptional item; we also agree with management’s intention to focus its energy on RWS and also opportunities in the region, as gaming here is still likely to experience good growth prospects. Assuming the deal is completed, we expect it to reduce our FY10 sales estimate by 24% but increase our net profit estimate by 13% as margins would improve ex-UK operations. As we also believe that GS is likely to spend less in capex without its UK operations, our DCF-based fair value rises from S$1.29 to S$1.34. Maintain BUY. (Carey Wong)
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AnthonyTan
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05-Jul-2010 08:56     
 
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AnthonyTan      ( Date: 04-Jul-2010 13:06) Posted:



Genting Sp is the most expensive stock in

gaming coverage universe (16X2011e EV/EBITDA )

Genting Sp sold it UK casino business to Genting

Malaysia for S$697 million.In 2006, Genting Sp bought

the UK casino business at a price of S$1.861 billion - thus

the value lost was S$1.17 billion. The point is they see

potential when they buy the business. Likewise, there is no

sure profit for any new ventures.
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AnthonyTan
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04-Jul-2010 13:06     
 
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Genting Sp is the most expensive stock in

gaming coverage universe (16X2011e EV/EBITDA )

Genting Sp sold it UK casino business to Genting

Malaysia for S$697 million.In 2006, Genting Sp bought

the UK casino business at a price of S$1.861 billion - thus

the value lost was S$1.17 billion. The point is they see

potential when they buy the business. Likewise, there is no

sure profit for any new ventures.
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AnthonyTan
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02-Jul-2010 17:12     
 
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alexchia01      ( Date: 02-Jul-2010 16:44) Posted:

This is just basically passing cash from left hand to right hand.

My question is what are they going to do with the $697 million?

Are they going to use it to pay their debt or pay their bonuses?



pharoah88      ( Date: 02-Jul-2010 14:14) Posted:

Genting Singapore to divest UK operations

Mainboard-listed Genting Singapore will divest its casino businesses in the United Kingdom to Genting Malaysia for £340 million ($697 million).

Genting said the divestment of the UK operations will allow it to focus on strengthening the large scale integrated resort experience it gained in developing Resorts World Sentosa (RWS).

The sale of the operations will also add resources to enable RWS to conduct customer acquisition, marketing and brand development.

Genting added that the net proceeds of the proposed divestment may be deployed for strategic growth opportunities in the leisure, hospitality and gaming sectors, when opportunities arise.
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AnthonyTan
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02-Jul-2010 17:09     
 
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After clouding it will be raining, hahaha

17.05.02   1.16   5,148,000 SELLDOWN



pharoah88      ( Date: 02-Jul-2010 10:45) Posted:



Friday: 2nd JULY 2010 

This   mOrning  CLOUDiNG  resUmes

08:59:02  S$1.200   11,855,000  BfS

09:06:00  S$1.200     3,060,000  BfS

09:07:59  S$1.200     2,428,000  BfS

09:29:46  S$1.200     2,147,000  BfS

09:29:47  S$1.200     8,502,000  BfS

09:35:58  S$1.210        848,000  BfS

 

mOre  accumulatiOn  On the way

 
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AnthonyTan
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02-Jul-2010 16:49     
 
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Just stating my opinions.Who care whether the souls

are forgiving or unforgiving.They can go to hell. I don't

give a damn. Everybody is entitled to give his or her

opinions, hahaha
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AnthonyTan
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02-Jul-2010 16:25     
 
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Before the $6.5 billion dollar investment, Genting Sp,

1. Did not focus on strenghtening the large scale integrated resort.

2. No ideas to add resources to enable RWS to conduct customers

    acquisition, marketing and brand development.

 Any company making any investment, all the necessary

plans and feasibility studies should be positive before you

put your money in.
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AnthonyTan
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02-Jul-2010 15:55     
 
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Rob Peter to Paul. Borrow from loan shark

to pay another loan shark. After hugh capital

investment of abt $6.5 billions and opening
in Feb 2010,Genting Sp is now talking abt

divestment.What should have done or need to be

done will defintely be in the feasibility proposals

before the hugh investment.My question is "WHY

NOW" This is wayang wayang" Somewhere along the

line, I find it weird.What kind of management teams

involving billion dollars project change course within

such a short span of time??????



pharoah88      ( Date: 02-Jul-2010 14:14) Posted:

Genting Singapore to divest UK operations

Mainboard-listed Genting Singapore will divest its casino businesses in the United Kingdom to Genting Malaysia for £340 million ($697 million).

Genting said the divestment of the UK operations will allow it to focus on strengthening the large scale integrated resort experience it gained in developing Resorts World Sentosa (RWS).

The sale of the operations will also add resources to enable RWS to conduct customer acquisition, marketing and brand development.

Genting added that the net proceeds of the proposed divestment may be deployed for strategic growth opportunities in the leisure, hospitality and gaming sectors, when opportunities arise.
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AnthonyTan
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02-Jul-2010 10:55     
 
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 Alert Admin 		After clouding will be raining, hahaha
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AnthonyTan
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02-Jul-2010 10:44     
 
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It's a legend, history repeats, all bullshits.

Businesses environment 40, 50 years ago

are totally different now.This is the age of IT.

Wake up and be realistic, hahaha



pharoah88      ( Date: 02-Jul-2010 09:52) Posted:



HiSTORY  REPEATS

GENTiNG  MiLLiONAiRE  iNVESTMENT  MODEL  REPEATS

1,000 shares of GENTiNG  BHD IPO RM2.00

became RM2 MiLLiON.

The shareholder's sOn  tOld the LEGEND at the 1st AGM 2010.
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AnthonyTan
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02-Jul-2010 09:26     
 
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My tot oni, somebody know the news have been pushing

up the share prices. That's why when the mkt is down, this

counter share price is resilient Perhaps SGX and SIAS can

check into this case.



AnthonyTan      ( Date: 01-Jul-2010 10:42) Posted:



Something is brewing in this counter??????.No news

announcement by the Co. but maybe, I say maybe, somebody

know some inside news which man in the street are

not aware of, my tot oni
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