*Official* Genting SP

[SpinFire]

This stock suddenly woke up this week...

Strong earnings reported last Friday. Let's see if momentum can continue this week.

 

[kim388]

i though they are buying back around sept, according to report

 

[Wood41]

Up & up !

 

[BeHappyLo]

Bought today @#1.180. Pure momentum play and plan to keep until 31 Dec 2018.
I had been monitoring this and thought it is still early days as Abe has called for polls in late Oct and nothing much will happen to the Jap casino issue until after the 1 Jan Japanese holidays.

anyway, kiasu and so bought a little liao.

 

[Wood41]

$1.245
Up $0.045

 

[peaceheart]

$1.245
Up $0.045

Read there's going to be 3 new hotels in sentosa in 2019? Or due to other news if any?

 

[Kinetic88]

Read there's going to be 3 new hotels in sentosa in 2019? Or due to other news if any?

hotels wouldn't bling in much money as compared to casinos.

maybe they got licence to operate casinos in vietnam, cambodia, thailand or even Taiwan.

just moi opinion.

 

[Wood41]

Hotel no huat .
$Casino$ news ?

 

[Kinetic88]

Hotel no huat .
$Casino$ news ?

moi think most likely ish from casino operation.

recently they very generous on the offering of perks. Only last Saturday night, they host players for the "royal Evening" dinner and show plus lucky draws at their hall.

 

[SpinFire]

Maybe Genting wins license to operate casino in Japan. They already issued Yen bonds to raise money

 

[Wood41]

The Samurai bond related ?

 

[BeHappyLo]

Bought today @#1.180. Pure momentum play and plan to keep until 31 Dec 2018.
I had been monitoring this and thought it is still early days as Abe has called for polls in late Oct and nothing much will happen to the Jap casino issue until after the 1 Jan Japanese holidays.

anyway, kiasu and so bought a little liao.

yesterday, queued for 'cheap' price but missed it……………….now must wait for pullback liao.


It did the right things - sold off Korean casino interest (now Cheju is dying because the PRCs boycotting S Korea0 and got rid of those $$-draining perpetuals…………Issued samurai bonds.

 

[Wood41]

Why does China dare to bully / punish S Korea but not Japan ?
They still flock to Japan.

Singapore already shaken hands / yamseng
with China.

 

[BeHappyLo]

accumulated today@$1.23.

 

[peaceheart]

accumulated today@$1.23.

Wah Bro... Brave!

 

[BeHappyLo]

Wah Bro... Brave!

actually I am confident of a run-up in this counter………my holding period is only up to 31 Dec 2018.

 

[Wood41]

https://www.theedgesingapore.com/high-rollers-mbs-keep-genting-singapore-buy

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/genting-singapores-net-profit-up-35-in-q3
Mon, Nov 06, 2017 - 6:05 PM
Genting Singapore's net profit up 35% in Q3

GENTING Singapore's net profit attributable to ordinary shareholders jumped 35 per cent year-on-year to S$143.79 million for the third quarter ended June 30.
Revenue rose 8 per cent to S$629.87 million supported by a stronger VIP and premium mass business volume, while earnings per share clocked 1.20 Singapore cents, versus 0.89 cent in the corresponding quarter a year ago.
Operating profit increased 24 per cent to S$226.08 million on the back of higher revenue as well as an 11 per cent drop in the cost of sales.
"Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) rose 37 per cent year-on-year to S$320.11 million underpinned by an improved operating margin and lower net impairment on receivables as a result of a more measured credit policy," the gaming group said.
Its attractions business saw "higher average visitor spend" and "a 5 per cent growth in the daily average visitorship, that exceeded 21,000". Meanwhile, its hotel business had an average occupancy rate of 93 per cent.

 

[peaceheart]

actually I am confident of a run-up in this counter………my holding period is only up to 31 Dec 2018.

Ur wish came true! What's ur target price?

 

[Wood41]

早知道.......I would have scooped up at $0.8x .
Finally my Genting 翻本 .
Stuck with it for quite a few years.

No dividend this round?