Genting Sing    Last:0.715   -

Genting SP Next Move

Luckily I sold off at $1.64, else kns can die orh. 

Tomique      ( Date: 03-May-2013 15:50) Posted: Share falling off the cliff like ten pins. Could this be a sign that the company could collapse later?

 

Haha, how can casino collapse?? Its just  earn lesser than previous period only. The company is not loss making.

Tomique      ( Date: 03-May-2013 15:50) Posted: Share falling off the cliff like ten pins. Could this be a sign that the company could collapse later?

 

Share falling off the cliff like ten pins. Could this be a sign that the company could collapse later?

 

Disappointing 1Q13 results may prompt switch to better value Macau peers Adjusted EBITDA, a key measure of profitability for casino plays, dropped 35% y/y to $249.7m, below consensus expectations of $378m, and the lowest since opening. This was despite posting the second highest quarterly VIP rolling chip (+38% y/y, +13% q/q), as the drag came from weak luck factor at 2.12% vs 3.4% in 1Q12.

Revenue dropped 15% y/y to $669.6m, while net profit dived 31% y/y to $145.4m, as operating costs continued to rise. On a brighter note, the non-gaming business continued to perform well, registering a healthy growth of 17% y/y. The newly opened Marine Life Park (MLP) remained popular and attracted approx 7,400 visitors daily while Universal Studios Singapore (USS) recorded an average daily visitation of 8,400. The hotel business continued to register high occupancy rate of 92%, with an average room rate of $404. Nevertheless, the Street expects a negative stock reaction in view of the large earnings miss. Prefers exposure to Macau-listed casino operators.

Maybank KE downgrades to Hold from buy, with TP $1.70 (from $1.67). Deutsche maintains at Hold, lowers TP to $1.38 from $1.40 cites GENS’ earnings volatility and low yield. UOB Kay Hian maintains Sell with TP $1.17. Nomura keeps at Reduce with TP $1.23. Notes GENS is still trading at a premium to Macau listed casino operators on FY14e EV/EBITDA (12.8x vs Macau’s 11.5x).

 

super syndicated, pump and dump.

http://stockmarketmindgames.blogspot.sg/2013/05/genting-sp-shorted-and-covered.html 

 

Chinese blood has gambling blood.   Lol.

 

BUT Being chinese , loss or poor still echee still gamble on different forms.


 

LOVEYOURSELF      ( Date: 03-May-2013 10:07) Posted: U ARE RIGHT! A CHINESE SAYING " TEN TIMES GAMBLE NINE TIMES LOSS" . hlfoo2010      ( Date: 03-May-2013 10:04) Posted: Gamblers get lucky at Genting's Singapore casino. Gamblers greedy come back bigger, next time may not so LUCKY ????

 

wah...tricky counter. Beware

 

U ARE RIGHT! A CHINESE SAYING " TEN TIMES GAMBLE NINE TIMES LOSS" .

hlfoo2010      ( Date: 03-May-2013 10:04) Posted: Gamblers get lucky at Genting's Singapore casino. Gamblers greedy come back bigger, next time may not so LUCKY ????

 

Gamblers get lucky at Genting's Singapore casino.

Gamblers greedy come back bigger, next time may not so LUCKY ????

 

YOU ARE VERY CORRECT. FEAR NOT!

Tomique      ( Date: 03-May-2013 09:50) Posted: But honestly a company making money is better than a company losing it.   So don't forget the principle of " buy on dip" !! Should move back above $1.50 again. Tomique      ( Date: 03-May-2013 09:38) Posted: Waleh! Went up slowly like haze and came down so fast like hail stones! Many who believe have got burnt!!

 

agree on buy a dip. i think it will move up about 1.5 in the next few days too.

It can only mean next Q results will be better too..given the drastic drop :) 

 

But honestly a company making money is better than a company losing it.   So don't forget the principle of " buy on dip" !! Should move back above $1.50 again.

Tomique      ( Date: 03-May-2013 09:38) Posted: Waleh! Went up slowly like haze and came down so fast like hail stones! Many who believe have got burnt!!

 

Waleh! Went up slowly like haze and came down so fast like hail stones! Many who believe have got burnt!!

 

2013-05-02 11:19:00

 

[Dow Jones] Genting Singapore's (G13.SG) shares may fall Friday after the casino-resort operator reported its first-quarter net profit attributable to shareholders fell 44% on-year to S$115.9 million, likely disappointing investors who bid the stock up 4.9% to S$1.61 Thursday after rival Marina Bay Sands reported record results.

" We are still quite puzzled," says Carey Wong, an analyst at OCBC. " The first quarter is supposed to be the strongest quarter for them because of Chinese New Year. It's quite surprising," he says, adding it's the lowest quarter since 2Q10. He says the results may indicate " quite a bit" of market share went to MBS. 1Q13 ebitda, a figure analysts watch closely, fell 20% on-year to S$290.5 million.

GENS said 1Q13's performance was affected by a much weaker win percentage of the premium players' business despite a significant increase in the segment's rolling volume.

(leslie.shaffer@dowjones.com)

 

A stroke of bad luck. That's what casino operator Genting Singapore PLC (GENS.SI) blamed for reporting a sharply lower-than-expected quarterly profit, while also flagging a cautious outlook due to muted Chinese economic growth.

Genting Singapore's Resorts World Sentosa, one of two casinos in the island state that are the envy of the global industry since opening three years ago, said that its 35% fall in core earnings simply came down to so-called " premium" gamblers getting lucky.

Those figures were in stark contrast to Wednesday's quarterly earnings announced by Las Vegas Sands Corp (LVS.N), owned by billionaire Sheldon Adelson, which had been boosted by strong results in Singapore and Macau.

Genting Singapore's January-March adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell to $249.7 million from $381.4 million a year ago.

Five analysts polled by Reuters had on average expected a profit of $359 million by the casino operator, which is more than half owned by Malaysia's Genting Bhd (GENT.KL).

Sands' rolling chip volume, or betting volume by VIP players, at its Marina Bay Sands in Singapore rose 42.2% to US$18.21 billion ($22.4 billion) in the quarter, the highest quarterly volume in the property's history.

The two Singapore casinos are the world's most profitable, but concerns have risen about debts from Chinese high-rollers and China's economic uncertainty.

" Moving forward, looking at the economic situation around the world and also the noises that are coming out of China, we are cautious," Tan Hee Teck, president and chief operating officer at Genting Singapore, told an analysts' call on Thursday.

He expects Genting Singapore to write-off some of its debt this year. " We are not pulling back, but we are being a little bit more cautious," Tan said, when asked if the casino would scale down the amount of credit given to its VIP customers.

Sands said it wrote off US$11 million in its Singapore property in the first quarter.

Despite Genting Singapore reporting record volume in its VIP business, Tan was cautious about the outlook for the rest of the year.

The company's shares ended up 4.9% on Thursday on expectations of strong results after Sands' performance.

 

I THINK THE PRICE WILL FOLLOW STI FM HERE ON. IF STI UP, IT WILL BE UP. IF STI DOWN, IT WILL FOLLOW DOWN. WHAT SAY U? BUT, FEAR NOT!

oldflyingfox      ( Date: 03-May-2013 08:29) Posted: Guess what will be the opening price today, will it open low but close higher?

 

Guess what will be the opening price today, will it open low but close higher?

 

Of course, of course. It is making more money than many other companies in SGX. 

LOVEYOURSELF      ( Date: 03-May-2013 07:57) Posted: FEAR NOT. FEAR NOT. FEAR NOT. IT IS UNLIKELY TO DROP LIKE A KNIFE. IT STILL MAKE $. ONLY LESS. FEAR NOT.