*Official* Genting SP

[Average]

stop loss gaugau sia... buy high sell lo. i can join temasek liao

Sent from 穷小子 using GAGT

 

[Perisher]

stop loss gaugau sia... buy high sell lo. i can join temasek liao

Sent from 穷小子 using GAGT

At least you can face the music.
some other people would just say it's long term holding and sell it away silently...

 

[strangerjun]

fcs never state his stop loss so I give him benefit of doubt. Will monitor his trade call.

Lets say he buy @ 94 cents (based on 19 Dec's opening price)..

Entry price: 94 cents
Current price: 92 cents
Profit/loss: -2.12%

stop is set at 2 X ATA(20) which is 2(0.03)= 0.06. 0.94-0.06=0.88.

 

[Average]

need to track his max drawdown too... else he can come back one year later say his trades huat

Sent from 穷小子 using GAGT

 

[Kinetic88]

At least you can face the music.
some other people would just say it's long term holding and sell it away silently...

many SSI warriors say as long as got dividends, it ish OK.

 

[Mancunian2]

fcs, 920 liao leh...

where got FCS?

 

[ccostagmont]

where got FCS?

FCS TIO BANNED (AGAIN)...

HE POSTED YESTERDAY BASED ON HIS READING OF THE CHART, GENTING WILL CHIONG UP...




NOW 915 LIAO, FCS WHERE ARE U?

 

[HerbalTeaSeller]

FCS TIO BANNED (AGAIN)...

HE POSTED YESTERDAY BASED ON HIS READING OF THE CHART, GENTING WILL CHIONG UP...




NOW 915 LIAO, FCS WHERE ARE U?

bro u shorting ah? idk why are you so agitated,most likely he is looking into weekly chart. if daily chart def look like there is sign of weekness. if you think it would go down do short, dun need to lash out at other ppl. IMO genting will chiong in probably abt 2mths time.let it retrace first. Most likely max abt 20% retracement. Imo next year would be a bull mkt.

Sent from OnePlus ONEPLUS A3000 using GAGT

 

[ccostagmont]

bro u shorting ah? idk why are you so agitated,most likely he is looking into weekly chart. if daily chart def look like there is sign of weekness. if you think it would go down do short, dun need to lash out at other ppl. IMO genting will chiong in probably abt 2mths time.let it retrace first. Most likely max abt 20% retracement. Imo next year would be a bull mkt.

no leh. moi notch agitated...
moi keyboard caps lock spoil...

 

[strangerjun]

bro u shorting ah? idk why are you so agitated,most likely he is looking into weekly chart. if daily chart def look like there is sign of weekness. if you think it would go down do short, dun need to lash out at other ppl. IMO genting will chiong in probably abt 2mths time.let it retrace first. Most likely max abt 20% retracement. Imo next year would be a bull mkt.

Sent from OnePlus ONEPLUS A3000 using GAGT

You don't know fcs's notoriety. Always demanding for stop, targets and probabilty and belittling people.

 

[Shion]

Hold your bets on Genting

Hold your bets on Genting

http://www.theedgemarkets.com.sg/sg/article/hold-your-bets-genting

SINGAPORE (Jan 13): Genting Singapore may be preparing for a potential casino bid in Japan by selling its stake in Resorts World Jeju for US$411 million ($587 million) and recognising a gain of $93 million, but CIMB is not placing its bets on the casino operator just yet.

In fact, CIMB has downgraded the stock from a “buy” to a “hold” recommendation, with a raised target price of 93 cents to account for the higher cash balance from the sale proceeds.

To be sure, CIMB’s analyst Jessalynn Chen is in fact “positive” on Genting’s sale of RWJ, given that the recent restrictions on Chinese nationals’ outbound travel to South Korea would be problematic for the casino as Chinese tourists were its main target audience.

At the same time, Chen noted that Genting had been able to monetise its investment in RWJ without facing operational risks, and will now boast a net cash balance of $4.2billion “which will strengthen its position against rivals in a casino bid in Japan”.

So what’s the problem?

Chen points out that Japan will take a longer time to come to fruition, as a bill regarding casino laws still remains to be debated in parliament in 2017, and the Japanese cities like Tokyo, Sapporo, Osaka and Yokohama will still need to submit proposals to host the integrated resort. The winning city would then be able to call for a tender to seek suitable companies to build and manage the integrated resort.

“Even if Genting Singapore made a successful bid, we think it could incur startup costs prior to the IR opening, which we believe would be in 2022 to 2023 at the earliest,” said Chen in a note on Wednesday.

In the meantime, the group appears unlikely to perform better in the coming quarter, after the group recorded an EBITDA margin of 40.2% in 3QFY16, the highest in 9 quarters from cutting utility expenses, reducing manpower requirements and improving its processes.

“We think the bulk of cost savings have been recognised in 3QFY16, with little room to cut costs further. Bad debt charges have also reached a healthy level of S$50m, leaving little room for improvement,” said Chen.

Shares in Genting Singapore are trading 0.5 cent lower at 91.5 cents on Friday.

 

[luxcan]

9-Jan-2017 (reported in Japan Times)

The Abe government is considering submitting a bill to the Diet early this year that would create a basic law on preventing gambling addiction, according to sources.

The law is expected to require that gambling service operators, including municipal governments, craft basic plans for toughening gambling regulations, the sources said Sunday.

The move comes after a law that allows casino gambling in integrated resorts that include hotels and entertainment facilities went into force Dec. 26.

The planned addiction prevention law will cover not only casinos but also existing gambling services, including pachinko and horse racing, the sources said.

The central government is hoping to ease public anxiety about casinos and other gambling services by further promoting addiction prevention measures.

It is expected to submit the bill to the Diet during the ordinary session scheduled to kick off Jan. 20, the sources said.

The Abe government plans to draw up guidelines that gambling service operators can use as they consider tougher restrictions.

Possible measures include banning access to gambling venues by suspected addicts at the request of their families and restricting online betting for horse races.

The ruling Liberal Democratic Party, its coalition partner, Komeito, the largest opposition Democratic Party and other parties are also considering addiction prevention measures.

Conclusion:
If Japan decided to implement similar entry fee policy for locals, then things won't be looking up for Genting (http://www.japantimes.co.jp/news/20...gapore-ideas-diet-debate-new-casino-law-looms). Then Genting might be really jumping the guns too fast by selling off Jeju assets.

 

[Wood41]

Finally >$1 !

 

[HerbalTeaSeller]

Finally >$1 !

No $1.3 no sell. This counter possibly multi bagger.

 

[Wood41]

What's up for this stock ?
Japan casino ?

 

[LiteHouse]

Finally chiong above $1.00

 

[HerbalTeaSeller]

Buy only if it breaks 1.04 with huge volume.

 

[HerbalTeaSeller]

Weekly Chart:

- Reversal from long term down trend as we can observe that there is a rounding bottom forming awaiting breakout.

- Breakout? Bullish confirmation comes when the pattern breaks above $1.04 that marked the beginning of the decline at the start of the pattern.

- Ideal pattern? High at the beginning of the decline, low at the end of the decline and rising during the advance. From the weekly chart we can see that there is an increase in volume on the advance and most likely during the breakout as shown in the chart.

Daily Chart:

-On 18 November 2016, price broke out due to a bullish pennant pattern that had formed that led to a surge of price to $0.99. Pattern is supported with decline of volume.

-On 7 December 2016, price broken out again due to another pennant pattern that had formed and led to a surge of price and came down as it hit resistance at $1.04, theoretically one can expect the price to hit $1.09 as price objective can be calculated by adding the length of flag pole to the breakout point.

Conclusion:

-Bullish Bias.

Will break 1.04? If break $1.34 coming

 

[Wood41]

What's up ?

 

[MrSinkie95]

Chiong Kio..