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STOCKS NEWS SINGAPORE-Genting shares drop, brokers cut target prices
Shares in Genting Singapore Plc fell to a 27-month low after it posted weak third-quarter results, prompting analysts to cut their target prices or downgrade ratings on the operator.
By 0118 GMT, Genting Singapore shares were flat at S$1.235, recovering from an intraday low of S$1.20. Since the start of the year, they have fallen 18.5 percent, compared with a 12.9 percent gain in the Straits Times Index <.FTSTI>.
Genting Singapore, which owns one of Singapore's two multi-billion-dollar complexes, said on Monday its third-quarter core earnings fell 19 percent to S$303.2 million from a year ago.
CIMB Research downgraded Genting Singapore to 'neutral' from 'outperform' and cut its target price to S$1.20 from S$1.60, citing worse-than-expected quarterly earnings due to rising costs and weak gaming revenue.
"We previously believed that the poor second-quarter results were one-off but it does look like the business is going through a difficult transition," said CIMB in a report.
The brokerage is cutting its earnings per share forecast for Genting Singapore in 2012 by 15 percent, to reflect additional pre-opening costs for the rest of Resorts World Sentosa's theme park.
RHB Research cut its target price on Genting Singapore to S$1.15 from S$1.20 and maintained its 'underperform' rating, citing a lower-than-expected EBITDA margin of 45.9 percent in the third quarter and poor VIP win rate of 2.8 percent in the same period, compared with 3.2 percent a year ago.
Source: Reuters
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Genting Spore 03 (Nov 14 - Dec 21)
Genting Spore 03 (Nov 14 - Dec 21)
by winston » Wed Nov 14, 2012 11:17 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Genting Spore 02 (May 10 - Dec 12)
by winston » Mon May 06, 2013 8:07 am
Genting shares fell as much as 9 percent to S$1.47, after the company reported a 44 percent drop in quarterly net profit on weaker core earnings.
Genting was the most actively traded stock by value and volume in the Singapore market on Friday, with nearly 98 million shares changing hands, 3.5 times the average full-day volume traded over the past 30 days.
OCBC Investment Research downgraded Genting's Singapore stock to "sell" from "hold" and cut its target price to S$1.41 from S$1.52.
Source: Reuters
Genting was the most actively traded stock by value and volume in the Singapore market on Friday, with nearly 98 million shares changing hands, 3.5 times the average full-day volume traded over the past 30 days.
OCBC Investment Research downgraded Genting's Singapore stock to "sell" from "hold" and cut its target price to S$1.41 from S$1.52.
Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Genting Spore 02 (May 10 - Dec 13)
by winston » Thu Aug 28, 2014 3:34 am
not vested
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118880
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Re: Genting Spore 02 (May 10 - Dec 13)
by winston » Thu Aug 28, 2014 3:34 am
not vested
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118880
- Joined: Wed May 07, 2008 9:28 am
Re: Genting Spore 02 (May 10 - Dec 13)
by winston » Thu Aug 28, 2014 3:34 am
not vested
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
Genting Singapore PLC Has Lost 10% In A Month: What’s Happening? By Stanley Lim
Nothing seems to be going in favour for Genting Singapore PLC (SGX: G13) in August.
Month-to-date, the company has already lost some 10% of its market value at its current price of S$1.22. What is happening?
Slowing growth?
Investors are starting to worry about Genting Singapore’s ability to continue growing its business. It seems that the slowing Chinese economy and the fear of flying due to the recent tragic accidents with flights MH17 and MH370 has dampened Chinese tourists’ interest in visiting Singapore.
In fact, The Edge reported that the number of Chinese visitors to Singapore has dropped about 27% year-to-date compared to a year ago.
On the part of Genting Singapore, the company has also seen a 22% year-on-year decline in its quarterly profit for the second quarter of 2014.
Is there any long-term growth?
Although the near-term picture doesn’t look particularly bright as described above, Genting Singapore is paving the way for more long-term growth going forward. For instance, the company has already announced its plans to launch a S$2.5 billion joint development project with Hong Kong-listed Landing International Development Ltd in Jeju Island, South Korea.
The new project is supposed to be Jeju Island’s largest tourism resort to date and would house hotels, a theme park, a shopping complex, a casino, and even residential properties.
In addition, the company is also hoping to enter the Japanese market if Japan’s Integrated Resorts Promotion Bill is passed to allow casinos to operate in the country.
What are the risks?
All these plans are not without risks. The most obvious one is that the bill in Japan does not pass – this would basically destroy any hopes of Genting Singapore being able to participate in the growth of Japan’s gaming industry.
With respect to its plans in South Korea, there’s also stiff competition. There are already 17 casinos in the country with plans for more in the future.
The least obvious risk of all is the observation that gaming taxes in Singapore are still very much lower as compared to Macau. If Macau’s level of gaming taxes is taken to be an indication of what the future might look like in Singapore, then Genting Singapore would see a much larger chunk of its future earnings flow into government coffers in the form of taxes.
Foolish Summary
Even after the 10% drop, Genting Singapore continues to trade at 22 times trailing earnings and 2 times its book value. So the question remains: Is Genting Singapore positioned for a rebound after the huge drop this month, or have market expectations run ahead of itself these past few years with a slow return to reality taking place now?
Source: Motley Fool
http://www.fool.sg/2014/08/27/genting-s ... happening/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118880
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Re: Genting Spore 02 (May 10 - Dec 14)
by winston » Wed Sep 17, 2014 6:55 am
Genting Singapore PLC Just Fell To A New 52-Week Low: Is There An Investing Opportunity?
What is happening to Genting Singapore PLC (SGX:G13)?
By Stanley Lim
Source: The Motley Fool
https://www.fool.sg/2014/09/16/genting- ... portunity/
What is happening to Genting Singapore PLC (SGX:G13)?
By Stanley Lim
Source: The Motley Fool
https://www.fool.sg/2014/09/16/genting- ... portunity/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Genting Spore 02 (May 10 - Dec 14)
by behappyalways » Sat Sep 20, 2014 7:57 pm
A losing bet: New Asian casinos eating away Singapore’s share of the gaming pie
http://sbr.com.sg/hotels-tourism/in-foc ... gaming-pie
http://sbr.com.sg/hotels-tourism/in-foc ... gaming-pie
血要热 头脑要冷 骨头要硬
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Re: Genting Spore 02 (May 10 - Dec 14)
by winston » Thu Oct 16, 2014 6:05 am
Would Peter Lynch Buy Genting Singapore?
Has Genting Singapore gone ex-growth or could it still provide a spark of interest for Peter Lynch?
http://www.fool.sg/2014/10/15/would-pet ... singapore/
Has Genting Singapore gone ex-growth or could it still provide a spark of interest for Peter Lynch?
http://www.fool.sg/2014/10/15/would-pet ... singapore/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118880
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Re: Genting Spore 02 (May 10 - Dec 14)
by winston » Thu Nov 20, 2014 9:40 pm
not vested
Investor Central: Genting Singapore PLC
Who are the gamblers who are long-term debtors?
http://www.themalaymailonline.com/money ... re-long-te
Investor Central: Genting Singapore PLC
Who are the gamblers who are long-term debtors?
http://www.themalaymailonline.com/money ... re-long-te
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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- Posts: 118880
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Re: Genting Spore 03 (Nov 14 - Dec 15)
by winston » Fri Nov 21, 2014 8:46 am
not vested
DJ Genting Buyback Program Good for the Company and Investors -- Market Talk
0812 GMT [Dow Jones] Genting Singapore (G13.SG) is up 1.4% at S$1.11 on Thursday after buying its own shares. Deutsche Bank says the gaming firm has bought back its own shares since November 13, absorbing 21.6 million shares that are to be canceled.
Deutsche says it views the buy-back program positively as Genting has no immediate need for its excess capital and the cancellation of the shares will lead to a more effective capital management.
Genting closed at S$1.02 on Nov. 12, the lowest in more than four years.
Source: Dow Jones Newswires
DJ Genting Buyback Program Good for the Company and Investors -- Market Talk
0812 GMT [Dow Jones] Genting Singapore (G13.SG) is up 1.4% at S$1.11 on Thursday after buying its own shares. Deutsche Bank says the gaming firm has bought back its own shares since November 13, absorbing 21.6 million shares that are to be canceled.
Deutsche says it views the buy-back program positively as Genting has no immediate need for its excess capital and the cancellation of the shares will lead to a more effective capital management.
Genting closed at S$1.02 on Nov. 12, the lowest in more than four years.
Source: Dow Jones Newswires
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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