Genting HK USD   

Fair price for Genting HK is US$0.45

What&rsquo s the announcement about? Just curious, not holding anymore shares now.

If it something to do with the Norwegian cruise business that they sold, I hope they return, or at least return part of the money to the shareholders. But knowing Genting, they dont seem to be generous people. Read about the tussle in the Lim family recently and is Lim Kok Thay trying to win favours?

Holders could be in for something positive. Good Luck to all existing holders!

 

Thanks - that means USD0.57. Incredible hidden info. Wonder what is the RNAV..

sjp5799t      ( Date: 16-Nov-2017 22:28) Posted: NAT:    HK$ 4.4765

 

NAT:    HK$ 4.4765

 

Anyone knows the NTA of GENHK?

 

HKEX price is HK$2.01 which is equivalent to US$0.25+ and higher than SGX US$0.245.

Goldfinger      ( Date: 04-Nov-2017 20:17) Posted: I think it's a good thing for GENHK to delist from SGX - I notice that the HKEX price for GENHK could be higher. Even Genting knows that Singapore SGX isting is a devaluing liability.

 

I think it's a good thing for GENHK to delist from SGX - I notice that the HKEX price for GENHK could be higher. Even Genting knows that Singapore SGX isting is a devaluing liability.

 

Even homegrown Razer prefer to be listed in HK.

And looking at the IPO and delisting ratio in sgx, it is quite clear all is not going well in our local market. Also look at the daily volume traded. Quite pathetic, right? But of course everybody here will be expecting sgx to bounce back. Otherwise, why are we still here?



 

sunter      ( Date: 04-Nov-2017 01:25) Posted: Singapore recent policy of requiring foreign tax info to be release back to their countries of origin will affect many listing status and company to delist or to reduce their business and saving exposure in Singapore. It is a very bad policy requirement as it inflinch on the rights of individual non disclosure due to political reasons or business confidential info

 

Singapore recent policy of requiring foreign tax info to be release back to their countries of origin will affect many listing status and company to delist or to reduce their business and saving exposure in Singapore. It is a very bad policy requirement as it inflinch on the rights of individual non disclosure due to political reasons or business confidential info

 

Agreed - I' ve always felt that Genting Singapore and Genting HK would make a strong combined contender for casino resorts in Yokohoma and Osaka, given their positions as Ports and possible venues.  This would be a RWS-Sentosa  Round 2, and a perfect replay of their Singapore casino playbook (which they did so well).  In fact, you could even see competition between Yokohoma and Osaka to attract a Genting casino in their cities, given their major cruise lines, including Genting Dream and Crystal Cruises, besides the mass market Star Cruises.  This would be an interesting twist, no?

Eddyson      ( Date: 12-Oct-2017 20:16) Posted: Yokohama cruise project puts city in casino frame: Nomura   Oct 10, 2017    Newsdesk    Japan,  Latest News,  Top of the deck      Banking group Nomura thinks the Japanese cities of Yokohama (pictured) and Osaka are &ldquo prime&rdquo targets for construction of casino resorts. The Japanese institution noted that Nomura Real Estate Development Co Ltd is joining with seven local companies to build a passenger ship terminal with shopping mall and hotel in Yokohama, via a public-private partnership called &ldquo Yokohama Pier9&rdquo . &ldquo We think Nomura Real Estate Development building strong relationships with retail, warehousing, and port companies in Yokohama might be a foundation for participating in integrated resort projects in Yokohama in future,&rdquo wrote Nomura analysts Daisuke Fukushima and Kentaro Maekawa in a Friday memo. The term &ldquo integrated resort&rdquo or &ldquo IR&rdquo is typically a euphemism in Japan and elsewhere for a large-scale venue with a casino and other tourism facilities. &ldquo We think that Yokohama is a prime candidate for the construction of integrated resorts, along with Osaka,&rdquo said the Nomura analysts. Ratings house Fitch Ratings Inc said in recent commentary that a piece of Japanese legislation called the Integrated Resorts (IR) Implementation Bill &ndash likely now to be delayed until at least the spring of next year due to  Japan&rsquo s snap election  due this month &ndash &ldquo would determine critical details including the number of casinos permitted and potential visitation restrictions for Japanese nationals&rdquo . Nomura said in its commentary: &ldquo The dissolution of the [national parliament&rsquo s] lower house and general election mean that debate on the legislation and the selection of regions for integrated resorts is now more likely to be delayed. However, we think equity market interest in integrated resorts will increase again at some stage.&rdquo The Yokohama cruise terminal plan will have five storeys of facilities above ground and a floor area of 28,600 square metres (307,848 sq feet) &ldquo with use due to start from around spring 2019,&rdquo according to the memo from the Nomura brokerage. A recent presentation in Tokyo from James Murren, chairman of U.S. casino operator MGM Resorts International, indicated the opening date for an initial casino resort or resorts might be pushed out to  the year 2025. Brokerage Sanford C. Bernstein and Co LLC said in an October 3 report on the  Chinese cruise tourism  business that there was much room for growth in the market for Chinese tourists visiting Japan via cruise ship. &ldquo As of now, from northern [Chinese] departure cities, the only destinations available within a five- to seven-day time frame are Japan, South Korea, Russia and Taiwan,&rdquo said the institution. &ldquo Japan is the most popular cruise destination today, with one [Chinese] cruiser for around seven outbound Chinese travellers to that country,&rdquo stated Sanford Bernstein. Gaming industry analysts have said that Chinese tourists are likely to be an important target market for Japanese casino resorts.

 

Yokohama cruise project puts city in casino frame: Nomura

  Oct 10, 2017    Newsdesk    Japan,  Latest News,  Top of the deck   

 

Banking group Nomura thinks the Japanese cities of Yokohama (pictured) and Osaka are &ldquo prime&rdquo targets for construction of casino resorts.

The Japanese institution noted that Nomura Real Estate Development Co Ltd is joining with seven local companies to build a passenger ship terminal with shopping mall and hotel in Yokohama, via a public-private partnership called &ldquo Yokohama Pier9&rdquo .

&ldquo We think Nomura Real Estate Development building strong relationships with retail, warehousing, and port companies in Yokohama might be a foundation for participating in integrated resort projects in Yokohama in future,&rdquo wrote Nomura analysts Daisuke Fukushima and Kentaro Maekawa in a Friday memo. The term &ldquo integrated resort&rdquo or &ldquo IR&rdquo is typically a euphemism in Japan and elsewhere for a large-scale venue with a casino and other tourism facilities.

&ldquo We think that Yokohama is a prime candidate for the construction of integrated resorts, along with Osaka,&rdquo said the Nomura analysts.

Ratings house Fitch Ratings Inc said in recent commentary that a piece of Japanese legislation called the Integrated Resorts (IR) Implementation Bill &ndash likely now to be delayed until at least the spring of next year due to  Japan&rsquo s snap election  due this month &ndash &ldquo would determine critical details including the number of casinos permitted and potential visitation restrictions for Japanese nationals&rdquo .

Nomura said in its commentary: &ldquo The dissolution of the [national parliament&rsquo s] lower house and general election mean that debate on the legislation and the selection of regions for integrated resorts is now more likely to be delayed. However, we think equity market interest in integrated resorts will increase again at some stage.&rdquo

The Yokohama cruise terminal plan will have five storeys of facilities above ground and a floor area of 28,600 square metres (307,848 sq feet) &ldquo with use due to start from around spring 2019,&rdquo according to the memo from the Nomura brokerage.

A recent presentation in Tokyo from James Murren, chairman of U.S. casino operator MGM Resorts International, indicated the opening date for an initial casino resort or resorts might be pushed out to  the year 2025.

Brokerage Sanford C. Bernstein and Co LLC said in an October 3 report on the  Chinese cruise tourism  business that there was much room for growth in the market for Chinese tourists visiting Japan via cruise ship.

&ldquo As of now, from northern [Chinese] departure cities, the only destinations available within a five- to seven-day time frame are Japan, South Korea, Russia and Taiwan,&rdquo said the institution.

&ldquo Japan is the most popular cruise destination today, with one [Chinese] cruiser for around seven outbound Chinese travellers to that country,&rdquo stated Sanford Bernstein.

Gaming industry analysts have said that Chinese tourists are likely to be an important target market for Japanese casino resorts.

 

The reason for delisting from SGX is given as to focus in North Asia, could it be something is coming like a partnership with Melco or a stake of GHK selling to the Ho family ?
I remember those days, there was interest in GHK from the Ho family, now that Japan is coming up & Melco has the forth biggest revenue in Macau.

 

If so, Major Shareholder buying is a good sign. Shows confidence. Anyway they said they will now focus on North Asia - which we all know means Japan, Korea and China. No other casino player can bring a major cruise line to the Japan casino bidding war. Port cities like Osaka and Yokohama will bend backwards if GENHK promises to ship in thousands of gambling PRC daily and to Hub their Japan cruise operations in their city.

MichaelSchenker      ( Date: 04-Oct-2017 11:24) Posted: Likely Lim or his proxies trying to buy cheaply from the current market. They can then bring with them to the HK market. Or anybody with easy access to the HK market will deem that it&rsquo s a good buy at current price due to some &ldquo panic selling&rdquo in early trades today. Goldfinger      ( Date: 04-Oct-2017 11:13) Posted: Someone is supporting the price. Bought some this morning. Anyway - I think they will likely partner GENS for the Japan bid so it will be a good bet going forward. Most of the bad news also behind and hope it will command a much better price in HK.

 

My shares are in SRS account. Don't know how they doing the transfer, any advice?

 

Likely Lim or his proxies trying to buy cheaply from the current market. They can then bring with them to the HK market. Or anybody with easy access to the HK market will deem that it&rsquo s a good buy at current price due to some &ldquo panic selling&rdquo in early trades today.

Goldfinger      ( Date: 04-Oct-2017 11:13) Posted: Someone is supporting the price. Bought some this morning. Anyway - I think they will likely partner GENS for the Japan bid so it will be a good bet going forward. Most of the bad news also behind and hope it will command a much better price in HK.

 

Someone is supporting the price. Bought some this morning. Anyway - I think they will likely partner GENS for the Japan bid so it will be a good bet going forward. Most of the bad news also behind and hope it will command a much better price in HK.

 

I think there is an opt-in whereby the shares will auto transfer from the CDP to the HK depositary, and a broker will be assigned to trade on behalf. Those who did not take any action will have to find their own broker to handle the sale in the HK market.

I think I&rsquo ll buy just 1 lot (should be less than SGD500) just to see and gain some experience what is going to transpire in such situation.

Also note that Genting HK is on the secondary list in the SGX, therefore exempted from certain listing rules, eg: no need for EGM for such matters

edwinjup      ( Date: 03-Oct-2017 23:46) Posted: Think need to collect the script from cdp and transfer to hk...troublesome and hk trading not as active as sg... MichaelSchenker      ( Date: 03-Oct-2017 23:17) Posted: Moved to   Hang Seng?? See how Lim Kok Thay handle this matter.......public shareholders can only suck thumb. Lucky for me, made my exit months earlier... Good Luck to all holders, you guys really need it.

 

At this rock bottom price? Think many long-term investors who held this counter at 40 to 50 cents would cry foul

MichaelSchenker      ( Date: 04-Oct-2017 08:22) Posted: Rightfully, Lim should make an offer to buy out the remaining public shares. He already owns > 75% in his personal capacity (not Genting) Owning such a huge portion also means he has a lot of control over the price. He knows its worth much more than it&rsquo s current market price, but he s not going to make an offer because he knew the remaining market will feel compelled to sell at it&rsquo s current price. How many actually have the means to trade in the HKSE?  So, situation is, those who has the means to trade in the HKSE should continue to hold, price should go up when the dust settles.  Those who who are not sure what to do, best to seek Brokers advice. Goldfinger      ( Date: 04-Oct-2017 07:14) Posted: Not so bad lah - better than the Chia who are buying over Rotary cheap. Like this still own the shares bah.

 

Rightfully, Lim should make an offer to buy out the remaining public shares. He already owns > 75% in his personal capacity (not Genting)

Owning such a huge portion also means he has a lot of control over the price. He knows its worth much more than it&rsquo s current market price, but he s not going to make an offer because he knew the remaining market will feel compelled to sell at it&rsquo s current price. How many actually have the means to trade in the HKSE? 

So, situation is, those who has the means to trade in the HKSE should continue to hold, price should go up when the dust settles. 

Those who who are not sure what to do, best to seek Brokers advice.

Goldfinger      ( Date: 04-Oct-2017 07:14) Posted: Not so bad lah - better than the Chia who are buying over Rotary cheap. Like this still own the shares bah. MichaelSchenker      ( Date: 03-Oct-2017 23:17) Posted: Moved to   Hang Seng?? See how Lim Kok Thay handle this matter.......public shareholders can only suck thumb. Lucky for me, made my exit months earlier... Good Luck to all holders, you guys really need it.

 

Not so bad lah - better than the Chia who are buying over Rotary cheap. Like this still own the shares bah.

MichaelSchenker      ( Date: 03-Oct-2017 23:17) Posted: Moved to   Hang Seng?? See how Lim Kok Thay handle this matter.......public shareholders can only suck thumb. Lucky for me, made my exit months earlier... Good Luck to all holders, you guys really need it.

 

Also to note, the money from the sale of Norwegian cruise Line has not been returned to shareholders. And with one source of income gone, would Genting HK worth remain the same? 

I suspect minorities public shareholders will be compelled to sell (strategise by Lim), and he will buy back at it&rsquo s current low price. 

Counter is is still active today, so, good to watch the movement.

 

MichaelSchenker      ( Date: 04-Oct-2017 07:00) Posted: Lim did not offer to buy out remaining minorities shares? That is really sad. Counter is not halted or suspended, business as usual.  Looks like he is going to buy from the market......cheap! edwinjup      ( Date: 03-Oct-2017 23:46) Posted: Think need to collect the script from cdp and transfer to hk...troublesome and hk trading not as active as sg..