skpetro anyone ?

Didn't check the latest financials. But from what I heard they r incurring a fair bit of expenses for renovation works in genting highlands. Genting in SG doesn't seem to be doing well versus its closest competitor. Not sure about on the progress of the major plans in Vegas. Genting HK recently bought over Zouk SG. Didn't check on genting plantations performance.

I think worth gathering only when the price is within RM4 to 6. But still need to see how they perform versus other companies with similar business segments.

Thanks for this. However, why RM4 to RM6 though? GenM trading at a premium now though or already factored in the expansion and launching for Fox Theme Park?

Just took a brief look at Genting's QR.

A few things that I noted:
1. Impairment losses on receivables and PPE is quite substantial. Can we expect more to come in the final qtr?
2. Huge net forex gain. How will this change in the final qtr after US fed increase interest rates?
3. Very substantial net fair value loss on derivative financial instruments.
4. Ratio of total borrowings versus cash & cash equivalents is quite big.
5. Capital commitment figures is quite big too. About the same amount as cash & cash equivalents.
6. From the prospects part, i see a fair bit of the projects being completed or being operational only on end of 2016.

Based on the above, i think Genting needs another year plus to get their earnings growth back in order. So the price range of RM4 to 6 represents a fair bargain to me after considering the above circumstances.

Next 2 qtrs will play an important role to the results since there is Christmas, New Year, CNY and school holidays.
Apart from the above, Genting is still super stingy in their dividend payouts. The other business segments still more time before they can play a major role in the results of the Group. Not keen to study Genting's other listed subsidiaries.

I'm in

no one in top glove meh..quarter result so cantik

Everybody need to dress-up for end year closing liao. window dressing time!

Me

huat liao u haha

My first give-away for early Xmas present: 10% gain if anyone of you manage to catch-up with that hint.

Btw TC, I bought in Genting averaging RM7 ytd already. Though RM5-6 seems attractive, IMO, it wont happen unless 2009 comes again or genting sudden heavy losses.

Good luck on Genting.

On Efficen.... I did a bit of digging....

About Singpost's stake in Efficen.. that is super old news. Took place when one of the NED's from Singpost joined the company in Aug 2011. So Singpost prolly invested in late 2011 or early 2012 for strategic reasons.

On the article in I3 of being Alibaba's proxy.. i think that's nonsense.
It is best to figure out what is Alibaba's core biz vs. Singpost vs Efficen.

I can see how Efficen adds value to Singpost but not to Alibaba as I have attended an investors briefing about Singpost, so I know what they do and their prospects.

On a side note, I did a quick check on POS financials and annual report. Seems they still have a far way to go before reaching Singpost's level.

Ultimately, I am more concerned on what is the future prospects of Efficen and how much added value can they further contribute to Singpost. All this amounts to higher revenue, profits and cash.

Anyway, that's just my 2 cents. Too lazy to calculate the fundamentals haha

This stock is a quick short-term trade to earn quick money. Unless long-term no, wouldn't recommend this stock for long term based on current coz they just sold some operations away. Useless...GOOD for quick gains.

Fr: CNN
America's first interest rate hike in nearly a decade is here.

The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%.

How will Bursa react to the hike in int rate?

Delay in ValueCap’s RM6b injection?
http://www.theedgemarkets.com/my/article/d...-rm6b-injection

Who is the culprit?

KEYASIC yeahhhhh

Quite a number of cross-trades in blue chip counters today

Sudah dimakan belum keluar

Nomura: Unlikely for M'sian equities to outperform in 2016 given weak earnings outlook

http://www.theedgemarkets.com/my/article/n...?type=Corporate

But another day, nomura say 2016 malaysia klci can reach 1800???