5months bonus?...i guess even u work in Temasek Singapore also wont get this kind of bonus

Hehe but working in O&G can get. ^^

This post has been edited by skiddtrader: Jun 29 2008, 10:11 AM

in business, shareholder always come first than staff.

Outperform call on Resorts World


KUALA LUMPUR: CIMB Equities Research is maintaining its outperform call on Resorts World Bhd as the share price weakness over recent months has been attributed to external and macro concerns, and its fundamentals remain solid.

The research house said Monday that it was unlikely the Government would increase gaming-related taxes as they did not benefit the Government.

“We also think that worries of a possible operational slowdown in 2H08 are significantly overdone. As such, we are keeping our FY08-10 forecasts and our CY08 price objective of RM4.18, based on a 10% discount to its sum of parts,” it said.

CIMB Research said Resorts remained an excellent proxy for the solid domestic tourism industry while its gaming operations are expected to perform strongly in 2008.

It also said Resorts’s growing cash pile of more than RM4bil gave it the leeway to make regional/global acquisitions at rock bottom prices currently or undertake capital management initiatives -- for instance, increasing dividends.

“When the external concerns will subside is something we would not speculate on. However, we strongly believe that the weakened share price offers an excellent opportunity to accumulate RWB on weakness for meaningful medium- to longer-term upside,” it added.

The research house said Resorts was its top gaming sector pick given the gravity of the share price decline, base valuations and the potential stronger rebound once concerns abate.

It said the main reason for Resorts’ share price weakness was its high foreign shareholding of about 40% as at end-May.

“We understand that the bulk of the selling activity over the past month was attributed to disposals by foreign investors due to macro factors, which are totally detached from Resorts’ core fundamentals,” it said.

CIMB Research said the primary reason for the foreign selldown was the uncertainty in the Malaysian political scene. This instability had given rise to some policy risks, which had rubbed off on the gaming industry given talk of a possible gaming tax hike.

The research house also said the economic environment, coupled with higher political risk, had resulted in some weakness in the ringgit.

“Given its high foreign shareholdings, Resorts’ de-rating can partly be attributed to the currency effect. Once again, this macro factor has no bearing on the company fundamentals and is subject to market forces,” it said.

On the global gaming scene, it said the US gaming industry had undergone a major de-rating since end-07, with share prices tumbling 30-60% year-to-date for major gaming players.

The research house said undoubtedly, this had a chain effect on global gaming stocks and Malaysian gaming companies had not escaped the drop.

It said the global de-rating was centred on weakness in Las Vegas owing to sharply reduced air transport links from the jet fuel effects as well as the effects from the economic slowdown.

The second factor was the exposure of US gaming companies to the highly competitive junket VIP business in Macau, where VIP margins have been significantly clipped over the past six months and where US gaming players were the major losers in the volume game.

---

Added on June 30, 2008, 2:45 pmOutperform call on Resorts World


KUALA LUMPUR: CIMB Equities Research is maintaining its outperform call on Resorts World Bhd as the share price weakness over recent months has been attributed to external and macro concerns, and its fundamentals remain solid.

The research house said Monday that it was unlikely the Government would increase gaming-related taxes as they did not benefit the Government.

“We also think that worries of a possible operational slowdown in 2H08 are significantly overdone. As such, we are keeping our FY08-10 forecasts and our CY08 price objective of RM4.18, based on a 10% discount to its sum of parts,” it said.

CIMB Research said Resorts remained an excellent proxy for the solid domestic tourism industry while its gaming operations are expected to perform strongly in 2008.

It also said Resorts’s growing cash pile of more than RM4bil gave it the leeway to make regional/global acquisitions at rock bottom prices currently or undertake capital management initiatives -- for instance, increasing dividends.

“When the external concerns will subside is something we would not speculate on. However, we strongly believe that the weakened share price offers an excellent opportunity to accumulate RWB on weakness for meaningful medium- to longer-term upside,” it added.

The research house said Resorts was its top gaming sector pick given the gravity of the share price decline, base valuations and the potential stronger rebound once concerns abate.

It said the main reason for Resorts’ share price weakness was its high foreign shareholding of about 40% as at end-May.

“We understand that the bulk of the selling activity over the past month was attributed to disposals by foreign investors due to macro factors, which are totally detached from Resorts’ core fundamentals,” it said.

CIMB Research said the primary reason for the foreign selldown was the uncertainty in the Malaysian political scene. This instability had given rise to some policy risks, which had rubbed off on the gaming industry given talk of a possible gaming tax hike.

The research house also said the economic environment, coupled with higher political risk, had resulted in some weakness in the ringgit.

“Given its high foreign shareholdings, Resorts’ de-rating can partly be attributed to the currency effect. Once again, this macro factor has no bearing on the company fundamentals and is subject to market forces,” it said.

On the global gaming scene, it said the US gaming industry had undergone a major de-rating since end-07, with share prices tumbling 30-60% year-to-date for major gaming players.

The research house said undoubtedly, this had a chain effect on global gaming stocks and Malaysian gaming companies had not escaped the drop.

It said the global de-rating was centred on weakness in Las Vegas owing to sharply reduced air transport links from the jet fuel effects as well as the effects from the economic slowdown.

The second factor was the exposure of US gaming companies to the highly competitive junket VIP business in Macau, where VIP margins have been significantly clipped over the past six months and where US gaming players were the major losers in the volume game.




This post has been edited by DJWC: Jun 30 2008, 02:45 PM

wat's da diff between resorts world and genting? sorry, i'm new and interested but not familiar wif this.. minimum hav to buy how many stocks?

Losing some 60% of its value is call out perform.
That report really take advantage of people emotion : Hope, Greed & Fear

Beyond Rm2.30?

come on Resorts, drop to 2.45, i ll buy u up. Offer valid for today only.

This post has been edited by Singh_Kalan: Jul 2 2008, 05:20 PM

lol and u posted at 5.19, market tutup edy how to sell to you

reminds me of the guardrail price. it is changing everyday!

CAN i ask how come i havent get my genting free vouchers this year?

I already queue at that price much earlier, but didn't get....maybe another few days can

will it be too late to buy now????

Hi All,

I just received my dividend for Resort world in cheque and recently it seem Resorts had gone up slowly more than 30cent. I'm glad for that.

drangony,
Nothing is too late because we never know what's the bottom for klse ?

Just my 2cents.
Thank You.

Must buy the day before the EX

Private by GIL?..

what do you mean by that ??

i think tat resorts is not possibly privatised by GIL becoz GIL still losing money in profit and it still needs money to run RWS(resorts world sentosa).....

I cannot help you but I just want ask you , because I interest with genting free vouchers too...

How long you become shareholder of the company ? Genting or Resorts ?
Normally you received the vouchers on which month ?

This post has been edited by YuNGSeNG: Aug 2 2008, 10:58 PM

dunno which month they regular sent out the vouchers. but i just got it middle to end of july.
i just bought genting share few months ago.

Offcourse not, then all shareholder will lari. Employees get paid monthly to do what is their job mar. From what i understand from friends working in the same industry, Resort employees are highly paid for what they do.