*Official* Genting SP

L

luxcan

Senior Member
Joined
Oct 19, 2008
Messages
570
Reaction score
0
At what price do you intended to kio more? I am thinking around $0.80-0.85 will be an acceptable price as the dividend payout so far isn't that high (even before China discourage high-rollers to go casinos).
 
HerbalTeaSeller

HerbalTeaSeller

Banned
Joined
Apr 10, 2016
Messages
2,442
Reaction score
1
luxcan said:
At what price do you intended to kio more? I am thinking around $0.80-0.85 will be an acceptable price as the dividend payout so far isn't that high (even before China discourage high-rollers to go casinos).
Click to expand...

imo 0.96 if break 0.96 can consider 0.875
 
HerbalTeaSeller

HerbalTeaSeller

Banned
Joined
Apr 10, 2016
Messages
2,442
Reaction score
1
https://www.fool.sg/2016/12/12/gent...es-are-up-by-nearly-30-in-3-months-heres-why/

Genting Singapore PLC (SGX: G13) has seen its stock price climb by 29% over the past three months to S$0.98 currently. Why is that so? Let’s take a look at a possible reason.

A quick introduction

Genting Singapore is likely to be a company well-known to many who live in Singapore. After all, the company is the operator of one of Singapore’s tourism landmarks, Resorts World Sentosa.

The integrated resort houses one of Singapore’s two casinos and has many other attractions, such as a bevy of hotel concepts and the Universal Studios Singapore theme park.

A difficult few years

Over the past few years, Genting Singapore has been facing a challenging business environment, which has resulted in falling revenues and profits. This in turn has led to a falling share price. Even after its recent big jump, the company’s share price is still down by nearly 40% from where it was at the start of 2012.

genting-singapore-revenue-and-profit-table-over-last-3-years-lawrence
Source: S&P Global Market Intelligence

The table above shows Genting Singapore’s revenue and profit numbers from 2013 to 2015 which gives an idea of the difficulties the company has been experiencing.

The tide turns

In the first two quarters of 2016, Genting Singapore’s top-line and bottom-line continued falling. But, the company’s latest results – for the third-quarter of this year – showed some improvement. This could be behind the company’s higher share price over the past three months.

Despite a 9% year-on-year decline in revenue, Genting Singapore’s profit attributable to shareholders surged by 187% to S$106.9 million, resulting in a similar 187% jump in its earnings per share.

The company reported that revenue from Resorts World Sentosa in the third-quarter had grown by 21% from the second-quarter due to a “favourable performance” in the attractions and hotel business and an improved VIP rolling win percentage.

Genting Singapore’s balance sheet also strengthened. As of 30 September 2016, it has S$4.78 billion in cash and cash equivalents and just S$1.16 billion in total debt. A year ago, there was S$4.57 billion in cash and total debt of S$1.63 billion.

The road ahead

Genting Singapore has clearly delivered a better set of results in the third-quarter of 2016 as compared to the last few quarters. And given Genting Singapore’s strong share price gains over the past three months, investors have clearly become more optimistic over the company’s prospects.

But this raises the question: Is the company’s turnaround a short-lived phenomenon or something that would be sustained over the longer-term? Unfortunately, there is no straight forward answer.

On the positive side of things, the company has improved its efficiency, reduced its bad debt provisions, lessened its reliance on its VIP gaming business, and delivered a strong performance in its attractions and hotel businesses.

On the other hand, there is still on-going uncertainty in Asia’s gaming industry and Genting Singapore’s attractions and hotel businesses are currently still much smaller than its gaming business.

If you like what you've seen, you can get even more investing insights and analyses from The Motley Fool's weekly investing newsletter Take Stock Singapore. It's FREE, so do check it out here.

Also, like us on Facebook to follow our latest news and articles. The Motley Fool's purpose is to help the world invest, better.
Click to expand...

Balance sheet fuggin strong :eek:

So much cash, with possibility of expanding into new market :s13:

House always win, reminds me of my neighbor who operates illegal mahjong house collects $15k/mth easily.
 
Perisher

Perisher

Greater Supremacy Member
Deluxe Member
Joined
Jan 5, 2015
Messages
84,178
Reaction score
10,089
Their cash position is the floor to any crisis.
 
lbs

lbs

Arch-Supremacy Member
Joined
Sep 2, 2001
Messages
18,174
Reaction score
8
CEO sold most of his (or her? never follow this company) shares on 28-Nov
why?
 
HerbalTeaSeller

HerbalTeaSeller

Banned
Joined
Apr 10, 2016
Messages
2,442
Reaction score
1
Japan is just one key vote away from unleashing a global investment bet on its future casino industry, as parliament moves to transform the face of gambling in the world’s third-biggest economy.

Prominent gaming-related shares in Japan are rising strongly as the hours tick down to the end of the current parliamentary session this week, slowly closing the window for a historic change that could create an industry worth $40bn a year.

Last week, shares in Glory, a Japanese maker of cash processing machines, closed near an all-time high on Friday, having soared following Tuesday’s passage in the lower house of Japan’s parliament of the key bill required to legalise casinos in the country.

Shares in Glory have been climbing steadily since 2013, when it became clear that the decades-long push to legalise casinos in Japan had the backing of Prime Minister Shinzo Abe.

But there have also been historic gains for less obvious beneficiaries including railway operators, warehouse owners and the nation’s largest commercial television group.

By the end of this week, assuming the casino bill clears the upper house of parliament, that list may be joined by more companies, from producers of security cameras and sound equipment to construction groups and banks that offer potential exposure to the Japan gaming resort story.

Brokers from at least five trading houses in Tokyo say privately that they are building model portfolios in anticipation of a wave of speculation on the casino story. While some companies have held back from expressing public support for an industry that remains, for now, illegal, analysts at Daiwa Securities have flagged the travel, theme park and resort operators HIS and Resorttrust as potential beneficiaries, as well as Tokyotokeiba — operator of Tokyo’s main horseracing track — as a potential wild card winner if package tours of Chinese gamblers arrive en masse.


Brokers at Nomura say property stocks and real estate investment trusts (Reits) also stand to benefit if the legalisation goes through. But much depends on which cities are selected to pioneer Japan’s first casino resorts, says Daisuke Fukushima, a real estate analyst at Nomura.

The two favourites, Osaka and Yokohama, have substantial tracts of waterfront land available. But they are expected to face strong competition from Nagasaki, where there is already a large theme park; Tokyo, which is looking for post-2020 Olympic legacy projects; and the island of Hokkaido, where three different cities are expected to put up their hands as potential sites.

Related article
Japan passes bill to lift ban on casinos
Global gaming operators watch closely after first step towards $40bn market

“We would expect to see an increase in foreigners visiting Japan and the creation of a new market for game operators, hotel companies, real estate developers and construction companies developing and operating facilities like international convention centres and exhibition facilities and companies stating events,” says Mr Fukushima.

Others analysts are focusing instead on less mainstream ideas — the banking, construction, materials and equipment stocks that stand to benefit from construction projects that could be under way as soon as 2018, assuming a casino law is formally put in place next year.

Shares in Glory have risen along with a handful of now familiar “casino names” including slot machine makers Konami and Sega Sammy and casino operators MGM Resorts and Las Vegas Sands — a fairly unimaginative basket of domestic and international stocks pitched as a low-risk way for investors to wager that Japan, via Abenomics, has acquired the political momentum for a shattering of its old gaming taboo.

Estimates of the prize vary. Morgan Stanley analysts see Japan as a potential annual casino gaming market of $20bn and put the upside for Las Vegas Sands, should it win the right to operate a casino in Japan, at about $1 per share. More bullish analysts at CLSA see a market that could eclipse Macau and be worth as much as $40bn.

Since last year, major casino operators such as LVS, Wynn Resorts, Hard Rock International, Genting and Crown Resorts have been openly hinting at potential multibillion-dollar investments in a new Japanese casino. Japanese companies have declined to talk about the matter until it is formally legalised — and could quickly become ardent self-promoters, say analysts, if the bill is passed.


For the quiet army of consultants, lobbyists, corporations and politicians who have battled to bring Japan to this point, the proximity to a watershed is excruciating. If it does not pass in this session, most agree, the issue may not return for years.

More than half of Japanese, according to a recent poll, are against the bill and parliamentary opposition has been strident. Analysts are warning clients, any assertion that the probability of success is meaningfully above 50 per cent “would be unrealistic”.

There effectively remain just two days of the parliamentary session in which the government can ram the so-called integrated resorts promotion bill through. The bill raced through the lower house on December 6 but must pass in the upper house, where the ruling Liberal Democratic party faces greater opposition.

Last week the leader of the opposition Democratic party, Renho Murata, attacked the whole project as “problematic” and highlighted the reality that casinos “basically make money on bets lost by gamblers”.

“I think casinos will degrade Japan’s national dignity,” she told parliament.
Click to expand...

https://www.ft.com/content/56cad5d2-c010-11e6-9bca-2b93a6856354
 
Average

Average

Banned
Joined
Apr 14, 2012
Messages
28,986
Reaction score
280
some relief
jQk8g8Kl.png


Sent from 穷小子 using GAGT
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top