--> insider has been increasing stakes in genting during december
research reports
1) *DJ Genting Singapore Target Raised To S$1.60 From S$1.28 - Citi --> 16/1/2013
2) Fines Genting Singapore's Casino S$100,000 for Disciplinary Breaches --> 15/1/2013
3) DJ MARKET TALK: Genting HK +5.3%; Plans U.S. IPO Of NCL --> 9/1/2013
4) DJ MARKET TALK: Genting Singapore Earnings May Recover - CS --> 3/1/2013
0503 GMT [Dow Jones] STOCK CALL: Genting Singapore's (G13.SG) earnings could recover in 2013, Credit Suisse says. While the Western Zone's new attractions built up costs in 2012, those facilities' revenue contributions will become more meaningful in 1H13, the house says. It adds, GENS was also cautious on extending credit to VIP players amid concerns over bad-debt risk.
GENS also acquired a Jurong site to build a 500-room mass-market hotel, it says, noting hotel-room capacity has been a major constraint, with only 1,500 rooms on Sentosa vs competitor Marina Bay Sands' 2,600 rooms. "We continue to believe there is long-term growth in Singapore casino revenues and if global growth has bottomed, this suggests GENS' revenues could also rebound. We expect GENS to turn more confident in extending credit to VIP players if global macro concerns ease," it says. "GENS is the only direct play on gaming in Singapore. While growth rates are not as high as Macau, Singapore has the benefit of lower gaming tax rates and a duopoly market structure." It keeps an Outperform call with S$1.80 target. The stock is up 1.7% at S$1.47. (leslie.shaffer@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires
January 03, 2013 00:03 ET (05:03 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
4) DJ MARKET TALK: UBS Tips Genting Singapore As A Top 2013 Pick
0558 GMT [Dow Jones] STOCK CALL: UBS tips Genting Singapore (G13.SG) as its favorite of 2012's laggard stocks. "The major investment negatives in 2012 should turn more positive. VIP should benefit from demand growth recovery, especially out of China, whilst the receivables situation is now largely under control," it says. "While local mass demand may remain stagnant, the situation should not worsen further, and a return to high single digit organic growth is possible in 2014-15." It expects reinvestment risk to be less of an issue this year, with the company likely to wait on Japan's potential casino liberalization before considering other investments. GENS is one of the house's top picks for 2013, rating it Buy with S$1.63 target. The stock is up 4.3% at S$1.445 after falling 8.3% over 2012. (leslie.shaffer@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires
January 02, 2013 00:58 ET (05:58 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
5) Cash-rich Genting Singapore hopeful of Japan foray -> 4/12/2013
So can we identify the potential catalysts needed for it to burst past the long term downtrend?
--> GENS also acquired a Jurong site to build a 500-room mass-market hotel
--> GENS to turn more confident in extending credit to VIP players if global macro concerns ease,
--> Cash-rich Genting Singapore hopeful of Japan foray?
--> earnings? Genting Singapore PLC GENS --> 22/02/2013
are these enough?
looking at daily chart
support is at 1.40, if 1.43 support break.
a drop to 1.34, followed by a bounce will potentially form a head&shoulder as highlighted by orange lines
it may or may not happen, but now lets look get the market depth for today
looks like there is some big genting gtc sell orders waiting to fill imo so looks like 1.44 will not hold for today as it seen
Shares of Genting Hong Kong Ltd rose as much as 6.2 percent to a 17-month high after its part-owned unit Norwegian Cruise Line Holdings Ltd (NCL) made a strong market debut on the Nasdaq.
By 0204 GMT, Genting Hong Kong shares were up 2.5 percent at $0.415 with 14 million shares traded, compared to its full day average volume of 17 million shares over the last five sessions.
Genting Hong Kong has jumped 20 percent since the start of the year.
On Friday, shares of NCL, a global cruise line operator, surged 30.5 percent above its initial public offering price of $19 on its first day of trading.
CIMB Research said this values the company at $5 billion versus its estimate of $2.4 billion and the company's initial valuation of $1 billion when Genting Hong Kong bought it in 2000.
"Guidance from the IPO shows that our numbers and valuations of NCL were too conservative," said CIMB, adding that its two new ships will command a 30 percent premium in ticket pricing, making them key growth drivers for NCL and Genting Hong Kong.
on first glance, should be going toward the 24-26c support.
Nav wise, is about 51c. signficantly 50% undervalued
last news affecting it
DJ MARKET TALK: Sembcorp May Cut Its Gallant Stake -Credit Suisse - > 17/12/2012
DJ MARKET TALK: Gallant's Indomobil Buy Is "Left Pocket To Right" - Citi --> 14/12/2012
0831 GMT [Dow Jones] Gallant's (5IG.SG) purchase of 52.4% of Indomobil (IMAS.JK) was done without a premium because "it's left pocket to right-hand pocket," says Ferry Wong, an analyst at Citigroup; he says both companies are essentially owned by the Salim Group. Gallant will need to make a tender offer for the rest of Indomobil at the highest share price for the past 90 days, or IDR5,800/share, offering shareholders a slight premium, he says. IMAS shares are down 1.9% at IDR5250. He adds he believes Indomobil was shifted to Singapore to make Gallant a larger company; "it's still fairly small," he says, noting its net profit is below S$10 million a year, compared with Indomobil's around US$90 million a year. Gallant posted a 9M12 net loss of S$6.7 million; Indomobil reported 9M12 net profit of IDR445.65 billion. "The growth is supposed to be pretty strong over the next three to five years. The company is growing at a significant rate, a long as four-wheeler volume growth remains robust," he says. Gallant is up 1.8% at S$0.285. (leslie.shaffer@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires
December 14, 2012 03:31 ET (08:31 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
*DJ Gallant Venture: Seeks to Raise S$675.5 Mln Through 1-for-1 Rights Issue --> 14/12/2012
--> right issue 28c, 1 for 1, so 28c shd be a good support
research reports
1) Biosensors Int'l cimb -> 8 nov 2012
Biosensors’ share price has taken a beating from earnings worries following news of Terumo’s weak licensing fee to BIG. Management shrugged it off as a 2Q blip and reiterated its strong revenue guidance. 2Q/1HFY13 core net profit was broadly in line, at 23%/46% of our full-year forecasts and 20%/39% of consensus numbers. Nevertheless, we cut FY3/13 earnings and our SOP target price to reflect the risk of weaker licensing income from Japan and potential price cuts in various countries. This does not affect our Outperform call as product profitability remains strong and valuations are really palatable now.
- 7/2/2013 announcing earnings
- daily shares buyback from management
profit taking mode now. today is t+5 for the 2 white candles, the 2 supports should be the orange color line
research
*DJ Sheng Siong Group Fair Value Raised To S$0.55 From S$0.49 By OCBC => 4/12
STOCKS NEWS SINGAPORE-Maybank raises Sheng Siong target price ==> 26/11
should consolidate in the orange channel to test 85c resistence
News and research reports
PHILIPPINES PRESS-SEAir sets rebranding to Tiger Airways - BusinessWorld --> 15/1/2013
DJ MARKET TALK: OCBC Upgrades Tiger Airways To Buy From Hold - 11/12/2012
0747 GMT [Dow Jones] STOCK CALL: OCBC upgrades Tiger Airways (J7X.SG) to Buy from Hold, saying the carrier is on track for a turnaround. Tiger's passenger traffic increased for the second straight month in November, with passengers carried up 30.1% on-year and 6.0% on-month, with the passenger load factor up by 10 percentage-points on-year and 2 percentage-points on-month at 85%, it notes. "The group's performance so far has been encouraging with Tiger Singapore leading the turnaround," it says. "The tepid economic situation, which has resulted in a slowdown in premium travel demand growth, will continue to benefit low-cost carriers like Tiger especially in the ongoing peak season travel months." It expects Tiger's alliance with Via.com, one of India's largest travel networks with significant Indonesian and Philippine presence, will raise awareness for Tiger in a key market. Excluding a one-time gain from the Tiger Australia divestment, OCBC expects a modest return to profitability in FY13, following favorable operating environment developments, including lower jet-fuel prices. It keeps a S$0.81 fair value. The stock is up 2.9% at S$0.72. (leslie.shaffer@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires
December 11, 2012 02:47 ET (07:47 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.
announcement of earning scheduled at
Tiger Airways Holdings Ltd TGR SP 30/01/2013
base on the above, tiger is expected and on track to announce a good aerning, so it should test the 85c resistence prior to the announcement.
cordlife is on a slow uptrend channel. is either a double top at 60c or hit the resistence at 635c
ipo px at 55 iirc
news and research
*DJ China Cord Blood Corp Announces Completion Of Strategic Partnership With Cordlife Group Limited --> 12/11/2012
*DJ Cordlife Group Target Raised To S$0.62 From S$0.53 By UOB KayHian --> 14/9/2012
expected earnings
Cordlife Group Ltd CLGL SP 15/02/2013 E
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