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Genting Sing
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Genting SP Next Move
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pkli899
Supreme |
21-Apr-2022 10:51
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$1.08.........hahaha. Waited very long already.
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beetlejuice
Senior |
21-Apr-2022 09:44
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Haha let's bet big big then. 🎲 🧧 💰
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SmallSmall
Supreme |
21-Apr-2022 09:42
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21st April 2022 Genting Singapore (GENS SP) Trading Buy Range: S$0.805-0.815 Last price: S$0.810 Target price: S$0.885 Protective stop: S$0.785 Price rebounded from the base line support, which is also the Fibonacci 50% correction point, during the last trading session. Conversion and base lines remain in a bullish crossover. The MACD is bullish. These could increase chances of the stock price moving higher. We see increasing odds of stock price testing S$0.885. Stops could be placed at S$0.785. Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days) Our institutional research has a fundamental BUY and target price of S$1.08. |
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beetlejuice
Senior |
21-Apr-2022 09:27
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If the cruise biz can restart, there will surely be some cross selling with Genting S'pore biz.
This is positive for Genting S'pore share price. 🧧 💰 🎲
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SmallSmall
Supreme |
21-Apr-2022 09:16
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$0.01 dividend. Ex date 6 May 2022 | ||||
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SmallSmall
Supreme |
20-Apr-2022 14:36
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Algos trending up the stock again | ||||
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Goldfinger
Supreme |
19-Apr-2022 19:46
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The Lims may just be finding a way to get around the German shipyards. Expect them to come back and buy out the cruise ships, and dump the shipyards. Genting HK assets should be worth quite a fair bit, including the Philippine casinos. | ||||
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Eddyson
Senior |
19-Apr-2022 18:46
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Will Genting HK be de-listed from HongKong & list back in Singapore ? Or will it merge with Genting Singapopre just like the old days? Lim Kok Thay registers new company called &ldquo Resorts World Cruises&rdquo in Singaporeby Newsdesk
Tue 19 Apr 2022 at 05:53
Speculation is mounting that Genting Berhad patriarch Lim Kok Thay could be readying to launch a new cruise line after companies linked to him registered the name &ldquo Resorts World Cruises&rdquo in Singapore. According to The Straits Times, Resorts World Cruises was incorporated on 9 March with an entity called Two Trees Family Holdings listed as its shareholder. Two Trees, itself incorporated in March 2021, lists Lim, his son Lim Keong Hui and Gerard Lim Ewe Keng as directors. While there is little other public information available about the new company, its registration comes just over three months after provisional liquidators were appointed to Lim&rsquo s global cruise ship company, Genting Hong Kong, and two months since Genting Hong Kong&rsquo s Asian-based cruise line, Dream Cruises, halted sailings out of Singapore. It was reported in February that at least half of Dream Cruises&rsquo Singapore based staff had been let go. Lim, who personally owns 75% of Genting Hong Kong, stepped down as the company&rsquo s Chairman and CEO in late January, however Bloomberg reported in mid-February that Lim was one of several investors to have expressed interest in purchasing Global Dream &ndash the unfinished cruise ship currently sitting dormant at Genting Hong Kong&rsquo s bankrupt shipbuilding yard in Germany. Measuring 342 meters in length, Global Dream had promised to be the world&rsquo s largest cruise liner by passenger capacity before construction ground to a halt in January when the shipyards filed for insolvency. Provisional liquidators were appointed to Genting Hong Kong due to debts totalling almost US$2.8 billion. The company had only last year finalized a series of agreements with those creditors for the granting new loans and extensions to maturities, however it defaulted in January when unable to access US$88 million in funding from the German government. Trading in Genting Hong Kong shares has been suspended since 18 January 2022. |
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fuzzyshares
Member |
17-Apr-2022 09:37
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A Tale of Two Cities. Just amazing what transpired since Nov 2021 (see below thread).
Geoff Howie Sunday Times, 17 April 2022 Hang Seng, STI returns similar previously, but diverged in first quarter The long-term returns of both Singapore and Hong Kong stock indexes have been quite similar. For the 10 years to the end of 2011, the Straits Times Index (STI) generated 6.3 per cent annualised total returns, versus 4.8 per cent in Singdollar terms for the Hang Seng Index (HSI). More recently, for the first quarter of 2022, the STI generated a 9.6 per cent total return, versus a decline of 5.6 per cent in Singdollar terms for the Hang Seng Index. While the overall comparable returns may seem run-of-the-mill, with Singapore marginally ahead for the past two decades, there is the possibility of outsized returns on the HSI as well as larger losses due to the index being more volatile. Another point to note is that the recent run-up in the STI has been driven largely by banks, which comprise around 45 per cent of the index. The HSI's largest sector is also financials with a 38 per cent weighting where it is understood that banks make up just over half of that 38 per cent, with a 22 per cent weighting. Another key difference is that IT or tech makes up about 25 per cent of Hang Seng, whereas the STI has the one tech stock - Venture Corporation - which has only a 1.6 per cent STI weight. Venture is categorised under Goods and Industrials stocks in the STI. Investing will always come with risks, and for the moment, most of the uncertainty revolves around the Ukraine crisis, inflation, supply chains, interest rate outlook, potential for deceleration of economic growth, Covid-19 variants and the first quarter earnings season this year. These market drivers have had a varied impact on sectors and industries, with commodity-related stocks among the strongest global performers in the first quarter, with bank stocks comparatively defensive, while technology shares were among the worst performers. This has also extended to the local market, which has seen some stock sector valuations advance while others have retreated.
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SmallSmall
Supreme |
11-Apr-2022 09:08
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T R A D E R S &rsquo C O R N E R Genting Singapore (GENS SP) Trading Buy Range: S$0.815-0.820 Last price: S$0.810 Target price: S$0.890 Protective stop: S$0.790 The price managed to stay above the gap support that was created on 24 March, keeping the bullish strength intact. Conversion and base lines remain in a bullish crossover. The MACD is strong and bullish. These could increase chances of the stock price rebounding to move higher. The potential upside target is S$0.89. Stop-loss could be placed at S$0.79. Approximate timeframe on average: 1-2 weeks (initiate this trade idea if the stock hits the entry price range within three trading days) Our institutional research has a fundamental BUY and target price of S$1.08 |
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Eddyson
Senior |
10-Apr-2022 12:55
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That' s why I am trying to joint their management, Genting have put up alot of advertisment , mainly in their management side, I guess it' s for the phase 2 project. There is still customers going in casino every minute, recently can observe some from foriegn land although USS & adventure cove is quiet quite but recent few days mono rail is quiet busy blooming with live. Free ride mah...
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Goldfinger
Supreme |
10-Apr-2022 11:59
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They should release the SGD3billion cash hoard back to ALL shareholders and not use this to pay high director fees and CEO and senior management pay. They also slashed a lot of staff during COVID. Now should be more operationally cost efficient. | ||||
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SmallSmall
Supreme |
10-Apr-2022 11:46
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Buy the Genting 5xDLC for leveraged returns :)
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beetlejuice
Senior |
08-Apr-2022 13:37
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Yes agree. Reopening beneficiary plus cash hoard of $3B.
V safe indeed in an upcoming high interest rate environment.
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SmallSmall
Supreme |
08-Apr-2022 11:25
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One of the safest stock to buy. Doesn' t move now because the big guns have not pressed the button. Eventually they will. |
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honesty
Veteran |
08-Apr-2022 11:20
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seems no one from malaysia coming, every day traffic is literally zero, wonder how genting can make money
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SmallSmall
Supreme |
08-Apr-2022 11:15
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RHB on Friday (Apr 8) raised its target price on Genting Singapore Genting Sing : G13 -1.23% to S$0.95 from S$0.90, amid a more optimistic outlook after checking in with the integrated resort operator' s management. " We still like this company for its recovery from borders reopening and potential upside in dividends," the research team said. The new target price of S$0.95 represents a potential upside of 18 per cent from the counter' s last trading price of S$0.805 as at 10.25 am on Friday. Shares of Genting were trading 1.2 per cent or S$0.01 lower at the time. The new target assumes Genting' s enterprise value would be 8.5 times its earnings before interest, taxes, depreciation and amortisation (Ebitda). " The higher multiple reflects Genting' s better and more certain prospects, as Singapore begins to treat Covid-19 as an endemic, reducing the probability of more future strict lockdowns," said RHB. Genting Singapore' s FY2023 EV/Ebitda ratio of 7.8 times is at a discount to its regional peer average of about 11 times, but RHB noted that regional valuations may be subdued due to unfavourable conditions in Macau - which Genting is shielded fr The research team has also maintained its " buy" call on the counter, premised on a compound annual growth rate of 92 per cent driven by the return of international tourists, as well as a potential upside in dividends. As for dividends, RHB said Genting will gradually strive towards a pre-pandemic dividend per share (DPS) of S$0.04, given its " healthy" net cash pile of S$0.38 per share. This comes after the group shuttered its Japanese subsidiary after Yokohama cancelled its plans for an integrated resort in September 2021. However, given the " unpredictable recovery path" , RHB' s estimates for DPS are conservative at S$0.02-S$0.03 for FY2022-23. It does not rule out further upside should the recovery outlook become clearer. " While Genting' s recovery play is well-documented, we believe investor interest in the stock may pick up once earnings recover," RHB said. It expects Genting to benefit from Singapore' s reopening of its international borders to vaccinated travellers, along with the Republic' s focus on reviving the tourism industry. Footfall has also improved since Apr 1, Genting' s management noted. On Wednesday, the Singapore Tourism Board said it would set aside S$500 million to support the tourism sector in the coming years. RHB believes the pent-up demand for international travel will drive the return of tourists from Genting' s traditional markets in Asean and North Asia, which accounted for about 60-70 per cent of its visitor numbers prior to the pandemic. The return of business tourists as a result of the Singapore government' s push to attract more meetings, incentives, conferences and exhibitions (MICE) may also have a positive spillover effect on Genting. |
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TradeExpert
Veteran |
05-Apr-2022 22:05
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Another counter to watch is Hong Fok (H30). A potential delisting company and an undervalue counter. Now trading at a heavily discounted pricing. There is a proposed delisting in the HKEX and more or less done deal. Proposed delisting likely on the cards on the SGX. Price now is on an uptrend. DYODD |
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honesty
Veteran |
01-Apr-2022 15:37
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moreover so many malaysians hardly any good salaried jobs, wont be financially strong to place stakes in the casino in sing dollars which is 3 times needed with ringgit, they would rather go Genting Highlands betting on ringgit albeit would have gone there many months back would fall back for sure to early 7, dyodd, with more malaysians back home, less visitors to Genting singapore
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pkli899
Supreme |
01-Apr-2022 15:29
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Not so fast.....today mostly is Malaysian here chiong back home. No big number of Malaysian chiong here as at today.
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