Singapore gaming market still at infant stage, as shared by Chairman Tan
Sri Lim Kok Thay who made his first appearance at the results conference
call. He expects RWS to continue to lead given its superior product and
strong management. Potential upside could come from junkets (first licence may be issued in early-2011), and outreach to new markets. Operations continue to ramp up nicely: 470 gaming tables have been opened to date (2Q10: 380; full capacity: 560) and should exceed 500 by end-2010, ahead of 450 guided earlier. Universal Studios should also see its visitor cap lifted to 18k in 2011 from 8k currently with the reopening of Battlestar Galactica and launch of Madagascar ride in 1H11 along with world’s first Transformers ride in 2H11.

BUY, TP raised to S$2.70. We raise our 2010-12F earnings by 8-27% to factor in faster ramp-up and higher EBITDA margins (44-46%). We now estimate Singapore 2011F gaming revenue at US$5b (US$4.6b previously) - achievable as average daily net win growth will only need to grow 20% from current levels. RWS: MBS market share split is expected to be c. 52:48. Maintain BUY on GENS, TP increased to S$2.70 based on sum-of-parts (valuing RWS at 16.5x 2011-12F EV/EBITDA).

come on man, tell us the news now
or you can pm me...lol
maybe it will be new asia LVS?

no news yet... just relax ok... it should be out before end of this month ba

I wish that is good news. I have few k"s" GENS-CC and GENS-C8 onhand.

it better be because i'm holding on.. have to prepare to hold la... monday genting sure gap down again...

boring... feel like selling off, and play some other counters

hope we see the end in gensp selling already... if not may see near $2 over next few days already...

hope i get updates on the big news soon..

ok hope tonight marks end of correction.. when market reopen on thursday things should be more clearer.

long time nver post here, just to wake up this threads. no buying no selling recently just wait for the show to come...... DOOM

Guys, which is the best dividend paying reit in Singapore stock? Thinking of parking some of my money there when market is slowing down.

Ronn, take a look at the link below, which contains a pdf file, then look at Slide No 12/27. Your answer lies on the lefthand-most vertical bar : AIMSAMPIREIT.

http://firstreit.listedcompany.com/newsroo...1002B5FA4.1.pdf

But highest yield comes with its price too - safety of counter and sustainability of the yield. Please do your DD.

Thanks for your chart Hansel.

And yes, you're right as the sustainability and the stability of the stock price is important too. I do have AIMSAMPIREIT but unfortunately the price I bought this stock is at 0.365 compared to current closing price @ 0.225 thus on paper I'm having negative yield at this moment. Shall look for other REIT company to put my money in or average down my price for AIMSAMPREIT.

I'll tell you what I buy then, perhaps you can have a look too. I am in First REIT.

As for the history and performance, read it up. But there is a small inconvenience here - you will have to do it quickly. If you like it, this is a very good chance to go in.

There is a Rights Issue which is about to start, for it has been proposed last week. Book Closure Date is on Dec 3.

To me - this is a very good chance for investors to go in. I won't talk about the counter too much, I'll be neutral here. But with all the DD I have done, this is my largest holding.

Good luck !

This post has been edited by Hansel: Nov 17 2010, 06:58 PM

Sounds good...will follow this stock movement once market open tomorrow. Hope the best will come soon..

Will let you know once I entered

Hansel, can I seek your kind advice to the followings?:

1. I have been told earlier that dividends from S-Reits are tax free but I am now just told it's taxable income in Malaysia (i.e. I hve to declare and it will attract tax).

2. Can I know if one can buy SReits "on-line" or thru' a remisier? Is the buyer then the registered owner (through CDS or a similar S'pore equivqlent) or it's held in the Malaysian stock-broker name on your behalf?

Thanking you in advance (SReit newbie here).

i buy thru online and it's registered under mine name but they charge for the local borkerage rate and SG brokerage. approx. RM90/transactions for mine not big transaction though RM 5-7K.

Ans as in the above. Good luck.

Hansel, I just added First Reit @ 0.955

Let's wait for the magic to happen.

Thank you for the update, Ronn.

I am sure you are aware too that you are now entitled to buy Rights Issues at a Rights Price @ 0.50 each, whereby, if my memory serves me correctly, it's a 4-for-5 arrangement. Please prepare your funds for this, and if you are not keen to take up your Rights, do sell them away later during the Rights Trading period. But I would think since you are so keen, you would definitely take-up the Rights too.

Well, I hoped I am right about First REIT, in the present and in the future.

Thank you Hansel for your advice.
Much appreciated.