How high this counter can go?

Nobody know brot.

maybe can get back to the price 3.30 May 2008...hopefully...

It is possible provided no more bad news!

Lets just wait and see.. Hope things recover by end of Q3;09

Resorts surges on talk parent may buy stake in Macau casino

OSK Research raises its rating on Resorts to a 'buy' amid rumours that MGM Mirage may sell its 50 per cent stake in MGM Grand Macau

RESORTS World Bhd's(4715) shares rose sharply in active trade yesterday on speculation that its parent company, Asia's biggest casino operator, may buy a stake in a Macau casino.

OSK Research, in a note to clients yesterday, raised its rating on Resorts to a "buy" amid rumours that MGM Mirage Ltd may sell its 50 per cent stake in MGM Grand Macau, a casino resort.

"There has been speculation ... and the Genting group may be one of parties eyeing the stake," its analyst Keith Wee said, adding however that it was too premature to comment on an outcome considering the intricacies of a licensing agreement.

Still, he pointed out that this "could certainly pave the way for the group's long-awaited entry into Macau's gaming market in a meaningful way".
The 600-room casino resort is equally owned between MGM Mirage and Pansy Ho, daughter of Macau casino magnate Stanley Ho.

Resorts shot up by 8.1 per cent to RM2.79, its highest in nine months.

OSK raised its target price on Resorts to RM3.25 from RM2.58, saying its valuation was cheaper compared with Genting .

It noted that Resorts had always traded at a 10 per cent to 20 per cent valuation premium to Genting, seeing as it is the group's main earnings and cash-generative outfit.

Genting, which owns 47 per cent of Resorts, gained 6.7 per cent to RM5.55, the highest in over eight months. It was the day's third biggest gainer.

http://www.btimes.com.my/Current_News/BTIM...icle/index_html


Resorts surges on OSK rating upgrade
Published: 2009/05/25

Resorts World Bhd surged 8.1 per cent to RM2.79, the steepest gain since July 20, 2007, after OSK Research raised its rating amid speculation its parent, Asia’s biggest casino operator, may invest in a unit of MGM Mirage.

Genting Bhd, which owns 47 per cent of Resorts World, jumped 6.7 per cent to RM5.55

OSK upgraded Resorts World’s stock rating to “buy” and increased its target price to RM3.25 from RM2.58, saying were cheap valuation compared with Genting. Resorts World “had always traded at a 10 per cent to 20 per cent premium to Genting as it is indeed the group’s main earnings and cash-generative outfit,” OSK analyst Keith Wee said in a note to clients today.

There is speculation that Genting is one of those that may acquire MGM Mirage’s stake in its Macau casino, Wee said. Investing in MGM Grand Macau “could certainly pave the way for the group’s long-awaited entry into Macau’s gaming market,” he added.

Information5739
Justin Leong, a spokesman at Genting, declined to comment on the speculation.

The speculation follows Resorts World and Genting’s announcement on May 21 that their purchase of a combined US$100 million secured notes sold by MGM would “provide a very good rate of return” and “get a share of the assets of MGM’s Bellagio and Mirage Casinos in Las Vegas.” -- Bloomberg


http://www.btimes.com.my/Current_News/BTIM...icle/index_html

This post has been edited by lowyat888: May 26 2009, 10:17 AM

Resorts will hit RM3 in no time.

becareful resort is pulling back fast

I agree. Need to be careful.

Yes you have too unless you don't mind donating 25% of your dividend to the government.

Just need to fill in the tax return and claim back the 25%, however, be prepared the tax authority ask your source of finance to buy the share.

what if your personal taxation level is more than 25%?do you declare the dividends you received to IRB???

Yes, you have to. You have to declare your gross dividend as income. This may lead you to higher tax bracket. Nevertheless, for the 25% tax deducted from your gross dividend, you can claim back. This is what the Tax Accountant call Two Tier system. If you don't declare your dividend, you have to be careful during the tax audit.

There is a so-called Single Tier Dividend implemented. For those Single Tier dividend, you don't need to declare.

resort should not bad gua.. actually got alot cash on hand??
huh.... zzzzz

alot of cash in hand will not really benefit the shareholder, it will use the $$ for takeover and buy stake in other casino.

the company will use public $$ to acquire other casino stake and not borrowing or raise funds by issue call warant etc

Yeah, but worse is using the cash for related party transactions.

Not neccessarily can claim back 25%, if your income bracket is higher than 25%!!!
If your income tax rate is 27%, for instance, then you'll have to repay back the difference between 27% - 25% = 2% of those dividends which has tax deduction.

Single Tier dividends will NOT have any taxes deducted in first place...
So meaning you will not see cases whereby the dividend is under Single Tier calculation, and yet being deducted for taxation. Basically for shareholders, it will appear like ordinary tax-exempt dividend.

Main difference between tax-exempt and Single Tier calculation, is err... I forgotten the exact term, but is credited into an account in the company's financial book. Complicated stuff... Maybe someone can help explain...

If your tax bracket higher than that, your probably should have done some tax planning to reduce that
The term is imputation.
Basically one-tier mean company pay tax when realized profit, shareholders cannot claim anything back.
For imputation, share holder can claim back the balance in Section 44A.

resorts 2.92....so strong today

good.. fast fast reached my buying price 3.02~~~