yup, thanks to DJ performing like a good boy! soon will break 3000. just hope no bad reports come out 

Those vested in Genting, strongly consider Swiber as well. I have switched over.

Swiber is now at $1.24 same as Genting. So my dear friend Joshua, did you manage to sell genting at its peak on 5th Jan and switch over?

5th Jan
Genting - 1.28
Swiber - 1.14

14th Jan
Genting - 1.24 (-3%)
Swiber - 1.24 (+9%)

for me, Swiber still has upside while market sentiment is good. Genting may still catch on surprise but depends on news.

sold action asia at 0.185 (abp 0.16)

redirect funds and bot genting at 1.24

just now i throw a dart on the calendar and chanted G13 G13 G13, it hit 28th Jan.

dunno if something mystic is going to happen or not leh     

not sure but can refer:-
http://ntuchartist.blogspot.com/2009/08/brokerage-fees.html

my vote g13 should easily be able to break 1.25 soon.. by next week probably

as what u predicted has come true.  

Singapore’s first casino ‘ready’ to open, awaits gaming license
Genting Singapore Plc is ready to start operating Singapore’s first legal casino as soon as the city state’s government issues its gaming license, the company said today.

Genting Singapore’s stock added as much as 4% this morning on speculation gambling may begin at the company’s Resorts World Sentosa complex as soon as February’s Chinese New Year holiday.

“We are ready,” Robin Goh, a spokesman for Resorts World, said. “We can open the casino as soon as we have the license.”

Four hotels and 10 restaurants within the US$4.5 billion ($6.25 billion) Sentosa island complex will begin accepting guests from Jan. 20. A Universal Studios theme park in the complex is also waiting for a license to operate, and will open as soon as that is issued, Goh said.

A second casino resort, the Marina Bay Sands, being built by Las Vegas Sands Corp., will open later after encountering construction delays. Singapore announced in April 2005 it was overturning a ban on casinos that had been in place since independence. Resorts World and Marina Bay are the only two casino developments approved so far.

“We believe they, Resorts World, will get their gaming license before Chinese New Year,” Aaron Fischer, a gaming analyst at CLSA Asia Pacific Markets in Hong Kong, said in a telephone interview. “We expect gaming revenues to be bigger. There is a huge gaming market in Southeast Asia.”

In a report published last month, CLSA Asia Pacific Markets said it estimates Resorts World’s gaming revenue to rise from US$2.5 billion this year to US$3.8 billion by 2013. The Singapore casino market will generate US$3 billion in revenue this year, growing to US$6 billion in 2013, CLSA said in the report.

Genting Singapore gained 3.2% to $1.29 as of 2:30 p.m. in Singapore. The stock climbed 200% in the past year, compared with a 67% gain for the benchmark Straits Times Index.

with this kind of pricing you dare to buy?    Singapore Airlines bought for only S$0.0667

overpriced! 6 times over its NAV per share. AirAsia only 1.2 times!

very interesting to see what happens during first trade day...

not sure yet, just sit back observe first.
sorry didnt do any reading on this. 

bought some g13 at second lowest price of this trading day.

lowest:1.27
highest:1.32

buy near end of trading session, save a few hundred bucks.

set my buy queue during lunch and went shopping rest of day... bought back genting at $1.28 lol.. means lose on brokerages since sold earlier morning at $1.28 too... tomorrow important day for gensp holders... opening of RWS phase 1.
swiber resting these few days... but for me this is longer term... the rest are just in out punts...

oh you are my passenger ah?    (just kidding hehe)

lol np... everyone has their own strategy and style to pick counters.

anyway i am cautious of tomorrow gensp... will it be dumping time soon? 

Anyway tonight Citicorp reported loss of 33c per share as expectations... i think its good news...

someone told me tomorrow 1.50 but i find it hard to believe. but cannot discount it's impossible because of dressing up.

China Sports: BUY; S$0.18;
Bloomberg Code: CSPORT SP
Bringing FIFA On Board
Price Target: S$0.35

CSPORT Signs On FIFA

China Sports (CSPORT) has signed an agreement with Global Brands Group to become the authorized exclusive distributor of official FIFA football lifestyle clothing and accessories throughout the PRC. Global Brands Group is the appointed worldwide exclusive master licensee by FIFA. FIFA has 4 segments of products, namely: (i) apparel (80% of revenue), (ii)headwear (5%), (iii) footballs (5%) and (iv) bags (10%), which complement CSPORT's main revenue source of footwear (c.60% of its 9M09 revenue). This would allow CSPORT to expand its product range as well as leverage on FIFA’s strong brand name.

FIFA has its own Original Equipment Manufacturers (OEMs) in China, so CSPORT would not need to spare any production capacity for FIFA products.Its main focus would be on the marketing and distribution of FIFA products in the PRC.

Impact

1. Increased store traffic. CSPORT will roll out FIFA Modular Stores(target: > 230) in the PRC over the next three years to distribute FIFA products. We understand that these modular stores will constitute a special section in CSPORT's existing Yeli specialty stores. In addition, prior to and during the 2010 World Cup, CSPORT will set up FIFA Official Event Stores temporarily in front of Yeli's stores. Both modular stores and eventstores would attract significantly more traffic to Yeli's stores.

2. Increased revenue and margins. The distribution of FIFA products will not only provide CSPORT with additional sources of revenue, but also improve the company’s overall margins. Based on the strong FIFA brand name,we expect that CSPORT's wholesale gross margin of FIFA products would range between 30% and 40%, much higher than its current 16% for 9M09.

3. Better brand image. The inclusion of FIFA products in Yeli's specialty stores and the association between CSPORT and FIFA would lift Yeli's brand image substantially.

Recommendation & Target Price

CSPORT will start building up the event stores from end Mar 2010, followed by the modular stores in 2H10, before opening FIFA specialty stores from end-2010. Considering the time needed to ramp-up, impact on the company's2010 earnings should not be significant. Hence, no change to our earnings estimates at the moment, while we await more specific targets as CSPORT works out the expansion plans with its distributors. Reiterate BUY, TP raised to S$0.35, based on 8x FY10 P/E. However, the deal’s overall positive impacts substantially brightens the company’s prospects and in our opinion warrants a higher target FY10 P/E from the previous 6x to 8x, which is in line with the average of its S-chip peers in the consumer goods sector.

resorts open, but no more good news? 

more important is casino open, if theme park open, the stock price should like today only~