I think Genting SP should be on the uptrend instead of selling.
I bought this counter at 67 cents and will keep until at least $1.80 before deciding what to do next.
Anything below $1.00 definitely is a bargain price.

do u able to make money fm merely 1.5 cent?
the commision alone already close to there.

Just bought Ho Bee Invest 3 lots at Fri. Highly recommend this stock due to it's future plan.

I bought this stock before at 34 cents and sold at 60.5 2 years ago. fundamentally this stock is worth to hold and they venturing into China market for the palm base products as well as foodstuffs company. I'm waiting it to fall below 55 vents before going in again.

Genting Singapore...huat ah!!!!

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Added on August 13, 2010, 11:54 amJust would like to share some info received fm DBS Vickers pertaining to Genting Singapore recommendations.

Genting Singapore: BUY S$1.28; Bloomberg: GENS SP
Striking A Gold Mine;
Price Target : 12-Month S$ 2.00 (Prev S$ 1.60)

· Stellar 2Q10 results, beating our already above-consensus forecast by 33%

· 2H10 could match 1H10, as operations ramp up; potential wildcard from
entry of junkets.

· Increase FY10-12F earnings by 30-70%; valuation is undemanding at 11x
2011 EV/EBITDA, similar to peers.

· Maintain BUY, TP raised to S$2.00 (from S$1.60), based on sum-of-parts.

Trumping expectations. 2Q10 net profit came in at S$397m (2Q09: S$30m net
loss; 1Q10: S$107m net profit, ex-exceptionals), driven by RWS’ full
quarter contribution (adjusted EBITDA: S$504m vs 1Q10’s S$109m, based on
first 45 days). RWS’ still enjoyed 1 month of “monopoly” prior to MBS’
opening, along with above average VIP win percentage, which led to higher
VIP/grind mix of 60:40 vs 1Q10’s 50:50. Foreigners constituted ~2/3 of
casino patrons (mainly from Malaysia, Indonesia, China, and India). Average
table count has risen to 380 (1Q10: 300), comprising 100 VIP and 280 mass
tables. Daily net win per table was comparable to Macau, while slots ~US
$500 (Macau: US$200). EBITDA margin (on normalized win rate & net revenue
after rebates) was ~52% (1Q10: 48%, ex-pre-opening cost), boosted by
higher-margin direct VIPs.

Operations ramping up. RWS has opened up Maxims Platinum and Crocksford
Premium (VIP) along with Ladies Club on the mass gaming floor, raising
table count to 410. Management is targeting 450 tables and 1500-1600 slots
(1200 currently) by end-10. After chalking up 3m visitor arrivals in 2Q10
(20-30k daily to casino), RWS has raised its 2010 target to 15m from 13m.
Seasonally stronger 2H10 should be boosted by the F-1 race and Youth
Olympic Games.

Raising FY10-12F earnings further by 30-70%, on faster ramp-up, higher VIP
daily net win per table (US$24k from US$20k), delay in entry of junket (to
2011), and stronger EBITDA margins. Our TP is lifted to S$2.00 (from S
$1.60), based on sum-of-parts. Correspondingly, we increase Genting Bhd’s
FY10-12F earnings estimates by 15-21% and TP to RM10.80 (from RM9.40),
based on sum-of-parts. Maintain BUY on both.


This post has been edited by ronn77: Aug 13 2010, 11:54 AM

It's true that market sentiment need some form of positive signs to further boost the uptrend. As for right now, buy only those with the prospect and not because of speculation. It's fine if you miss the opportunity to earn as you may on a ride next round but not losing money and stuck with unproductive stocks which could take years to reach the current level.

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Added on August 16, 2010, 4:20 pmGenting Singapore $1.58!

Huat ah!!

This post has been edited by ronn77: Aug 16 2010, 04:20 PM

Genting SP is not overprice, in fact it still a bargain price if the current earnings can be maintain. Although my return for this stock is already 100%, I still feels it's worth to hold longer as the casino operations is just started around 1/2 year and the true company value is not fully reflected in the shares price yet. If today the Genting SP is dropping then I will consider to buy some to add to my portfolio. When the stock reach $2 soon then you will feel that at this is still very attractive.

Today added 10,000 Golden Agri to my portfolio @ 0.545

Genting Singapore $1.99 today.

As my previous reply stated, when it reach $2, the 1.50 will looks cheap and it's proven now.

Regret that I'm failed add to my collection when 1.48 as it hit the price but didn't manage to get my queue purchase.

GentingS hitting 2.16 now.

There's happy and sad...happy because it has been upped a lot and my return is 217% but sad because I didn't buy anough of this stock and hope to collect more but the price is too high now.

FRI added 3,000 of GentingS @ S$2.00
In posession now 14,000 of GS shares.
If there's profit taking going to happen next week then will make sure to upped my portfolio to 20k shares.

Huat ah!!

Today I have a chit-chat with my Interpac remisier and he encourage me to buy GS stock even at current price as the stock valuation is much higher than the current price. Fyi, he do not know that I already have an account with DBS and already trade this stocks.

Myself personally been to GS 2 weeks ago and the business is really good as almost all tables are filled with gamblers. Next qtr should be making even more profits and shoot the GS stock further up to S$3.

good to see u still enter athough price is went up lately. anyway, 1st wk of Nov will see GS announce their 2nd qtr report which we can see another round of shares pushing if the 1st qtr earning can be maintained.

Huat ahh!!!

well, my 9th sense told me that too

888 is fatt...but 999 is longetivity, means it will continue 888 then continue to 999 means last the bull run for long term.

now 2.26 oredi

You mean bursa?
Yes of course, that is our local market.

I play everything, ranging from pennies shares to 2nd liner to bluechips like genting berhad. as long as counter can make money, just buy and wait for it to grow.

bro, you can trade in 100 shares, not necessarily must be in 1000 shares as in SGX.

GS is now consilidating it's stock position to move higher notch thus it's a good time to collect some right now before it looks cheaper at this level later on.

GS $2.30