hi there recently they offer a international genting which fall in singapore.
so how am i going to trade if i do not have account in singapore

if u r using OSK, u no need to worry
coz they have branch at singapore
therefore u have another account at singapore

but well i am not so how am i going to deal with it?

since u OSK user
call them tomolo
they will guide u the process

This post has been edited by feralee: Mar 30 2008, 07:45 PM

sorry i also dunno what i am writting
anyway i am not osk i am under TA.

Hi,

Well, Since you got the offer. Then i suggest you should go and buy those shares in singapore. The shares is rising rapidly in Singapore exchange. Keep those offers.


Thank You.
Just my 2cent.

the problem now is that i do not have account in singapore. i want it no matter what. just how to deal with . i am don't have OSK acc

HI,

When is the dateline? Do you know that it's listed already in singapore? Ok. what account do u have in malaysia? Deal with them. They are more than willing to help you to open an account in singapore. Do it fast. I heard that there will be a dateline for it.

Do you own the company share in malaysia? How much then?



Thank You.

You should call your broker to check as there are various options for you to purchase the GIPLC shares.

one of the option :
is to open a sub-account with your local broker (throught their arrangements with Singapore brokers) & have your Offer Shares credited in

another option:
you can choose to have your offer shares credited into a sub-account maintained by CIMB Nominees.
Means you have to open a securities trading account with CIMB

its really a good offer anyway but don't forget to ask about the hidden charges involved

This post has been edited by sharesa: Apr 3 2008, 09:55 PM

I am a newbie in this area, just have a nice conversation with my remisier and he told me that Resorts is a good choice for investing , saying that the casino in genting is also under resorts.

Whats your opinion ? This is my first share ..... Planning to buy 10 lot and hold for 1/2 years , what price should i queue ? Or just take the market price without queue ?

prevent to lose before think of profit...

go for it..it will shoot up $1.00 after 2010 of Resort World at sentosa open...

Both topics being merged in a Resorts thread.

but from my father remiser he say not worth it because is a odd lot
is just 100 sahres. need to pay this and that.
what u all think

go for it..

well any support? such as what are statistic?

GIL closed at $0.60 on 12/04/08 friday STI.

---

Added on April 14, 2008, 10:59 am

GIL now at $0.590...

This post has been edited by hanif444: Apr 14 2008, 10:59 AM

Hi All,

For your information.



Resorts World: Strong cash pile for expansion


RESORTS World Bhd’s decision to divest part of its shareholding in Star Cruises Limited (SCL) has seen its net cash increase to RM3.16 billion from RM2.82 billion three months ago, which could be the main expansion driver within the Genting Group, in view of the potential liberalisation of the region’s gaming industry, MIMB Investment Bank said.

MIMB Research has maintained a buy call on Resorts World with a target price of RM4.80 on 24 times current year (CY08) price-to-earnings ratio. “We continue to like Resorts World for its clear earnings visibility and strong cash-flow generating ability, as it no longer accounts for SCL’s financial results from 3QFY07 onwards.”

“It is our preferred stock in the gaming stock,” it said in a research note.

It also said that Resorts World’s 1Q financial results were in line with its estimates. Resorts World reported a net profit of RM297.4 million, a 25% year-on-year (y-o-y) increase from RM237.6 million a year earlier.

However, the net income was 14% lower against the RM344.1 million registered in the preceding quarter. The company posted a 8% dip in operating profit in its leisure and hospitality division to RM373.3 million on the back of a 4% contraction in revenue, due to lower business volume as a result of lower visitor arrivals.

“We suspect that the casino operation was mildly hit by the luck factor as operating margin deteriorated to 34% from 36%,” the research house said.

Nevertheless, Resorts World’s y-o-y remained strong as its 1QFY08 leisure and hospitality operating profit expanded by 5% from RM354.2 million, backed by a 3% rise in revenue. “Higher business volume arising from higher visitor arrivals mainly drove this,” it said.

when is Resort AGM Meeting?

coming soon..

Resort has a 61sen cash per share. Looks good to accumulate if price goes down further ( RM 2.70 )

However, it is my opinion that the parent co, Genting is too engrossed with Casino businesses, in a way neglecting good companies such as Resort and Asiatic.

Both are deemed as back ups for Genting ( with cash piles ) , then considering the potentials to grow.

It is my personal view, might be wrong also.

This post has been edited by SKY 1809: Jun 20 2008, 09:37 AM

RESORTS was buying back shares the past few days meaning they also feel that their shares now are undervalued. Should accumulate more if the price doesn't go above 2.90 in my opinion.

red now..

Resort is still down now. Rm2.80 only.

high time for them to change the dividend policy.
Wake up Mr Lim! Foreigners are selling off your shares!

Guys,

May i know what is RESORT dividend % if the price is @RM2.8 estimated for year 2008?

about 2.5%

2.5% nia arr? people say, buy RESORT because of dividend play. Should at least be 4% ma

altho RESORTS is cash-cow company, but it is not a good target if you are looking for high DY return.

Genting and Resorts are not famous for the dividend, kedekut company. Don't get me wrong, they are good fundamantal company, just on dividend side, if one aims for dividend play one, then they are not a good choice.

if dividend entitlement is today..then hold the share today until market end and u will be eligible for dividend?

Final Dividend of 3.6 sen less 26% tax per ordinary share for FYE 31/12/07
This means 1%+ dividend yield?

This post has been edited by cantona7: Jun 26 2008, 02:48 PM

Anything before Ex-date will entitle.

but if buy on ex-date? will get the dividend?

in this case already ex, then nope.

Hi,

What would be the worst for Resorts?

Any mature advise is needed.

BUY more...Gain more

That's true maybe because the risk they are in and they need cash to be available to be able to cover all bets at any given time. Last year after uncle lim pass away and they declared that 30 sen dividend i thought they not kedekut anymore but this year sigh same thing again

--EDITED--

This post has been edited by Kenneth85: Jun 30 2008, 12:35 AM

3.26 was few months back

I think Mr. Lim should reward every staff with 5 months bonus every year for fantastic job done since there is a huge cash pile. Benefits staff first, shareholder last. Agree??

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.

If u own a company,do u will the same pay ur employees 5 months bonus?Think on urself 1st,before u ask!

personally i think, there is nothing wrong giving 5 months bonus to employee, if one is really performing at work. Of course not everyone will get the same, only to the performer. Company making profit and employee happy working, if reward employee well, in return they work harder and employer will get even better return in years to come. Win win on both.

BUT i have 2 fren 1 in bank & 1 in plantation company. they both get 4 months bonus....so good.

For year ending 2007 Mr. Lim as Chairman and Chief Executive of Resort World
was paid over 41 millions. excluding the 90 millions from Genting

can your future 5 generations earn that much? or save that much?

is time to go in Resort now>..2.53

[COLOR=blue]28-08-2008: Resorts 2Q earnings rise 27% to RM384m [COLOR=blue]




KUALA LUMPUR: Resorts World Bhd’s net profit for the second quarter (2Q) ended June 30, 2008 grew 27% to RM384.3 million from RM305.8 million a year earlier, in tandem with higher revenue from the leisure and hospitality business, gain on disposal of long-term investment and higher interest income.

Earnings per share improved to 6.69 sen from 5.52 sen. The company declared an interim dividend of three sen per share, to be paid on Oct 21.

Resorts said yesterday 2Q revenue rose 20% to RM1.24 billion from RM1.03 billion previously, mainly due to better performance in the leisure and hospitality segment.

For the first six months, its net profit stood at RM681.6 million, up 25% from RM543.5 million in the previous corresponding period.

This was achieved on the back of an 11% increase in revenue to RM2.33 billion from RM2.1 billion.

In addition, the group no longer equity accounts for the results of Star Cruises Ltd since July 31, 2007, hence improving its earnings.

---

Added on August 28, 2008, 9:11 pm
Hi All,

I think it's time to accumulate more as i think Resorts have found it bottom already.

Thank You.

This post has been edited by DJWC: Aug 28 2008, 09:11 PM

yes i agree fair value of resort 2.50 rm
but ever u guy analyse how come only resort at it fair value other stock
all overprice look at bat rm42, amway6.75, pbb rm10, genting berhad still over price rm5 , dutchlady 10.8 and nestle 22 and digi all above their fair value,

something fishy

---

Added on October 3, 2008, 11:12 pmcant rule out it might drop below fair value1.9 or rm2
better collect bullet now. bullet limited one man as now probably tip of ice berg of the bear market

This post has been edited by normanTE: Oct 3 2008, 11:12 PM

Except Genting,
It is not something fishy, those stocks are staying high level because people knews they are going to be paid at least 6% and above annually on dividend yield compared their money put in FD with 3.7% only. That's the primary reason.
While those stocks although will be affected by economy slowdown, but impact is lesser compared to general businesses out there.

It is not rocket science, if some stocks are giving out 2x better than normal FD yield while risk wise is low (their businesses are quite stable as well as share price throughout as history tells), it is a supporting factor for those kind of stocks.

You need 2 primary conditions for those kind of stocks to plunge ie.
1. Economy recession is severe which resulted company profit to drop severely which make the dividend yield not sustainable.

2. Interest rate goes up, which make those dividend yield not attactive.

cherroy now is bear market everyone also know, wait la
no need to rush in havent see the lowest yet, be shock if it drop below rm2

It is kind of upset when I placed my order at RM2.40, however it came to RM2.43....and without even knocking the door it shot up to RM2.52 yesterday. Today closed at RM2.60.
Aiya !!!! How hard to be patient ah !!!

i like to place order in the morning the shut it down till 5.30pm then log in and check it match or not,i think it will be more useful for me rather 9am to 5pm keep in monitor...

u ll even more angry after u bought it, sonny. Don't believe me, wait and check the price next month.

my technical chart telling me to buy at 1.90 rm , so when it will fall to such price?

I hope it keeps hanging at RM2.60...then I would curb myself, next month RM2 !! Will it be ?

Why you said next month cheaper ? Reasons support ? From the previous performance, there was very strong support below RM2.50 when people encountered most panic.

Since you are doing technical analysis then i should ask you when it will fall to that price lol

Wonder why Resorts stood still RM2.60 today while Genting fell 22 cents to RM4.76
Usually Resorts and Genting price run pararell..

Have Resort close below $2.50 since July08?

Draw a line across the 2.50 level, draw second line touching all highs since July

A Descending triangle ? Since Monday price close outside the triangle area.

Why arr? So How?

well downjone will drop to 7500 tha is strong support and,klse had to follow in time like this most foreign fund will withdrawal more fund.. resort will take effect at rm1.90 or below,
better investment apportunity, dont forget LVS LAS VEGAS SANDS. ONLY 10.94USD PERSHARE last night

Fundamental analysis is already hinting that Resorts will drop to below 2 ringgit.

Check Resorts debt/equity ratio and try to forecast its profitability amid an US financial crisis that affects the entire WORLD.

Pretty gloomy ain't it?



This post has been edited by AdamG1981: Oct 18 2008, 06:09 PM

I thought Resorts has no debts ? What do you mean fundamental analysis hints price dropping to below RM2 ?
I am very concerned.

Didn't they have budget overruns over the new Resorts casino @ Sentosa?

Sure, Resorts might be a good stock in the long run, but short term wise, Singapore is already in a recession while the neighboring countries are no better. The question lingers, how long will this recession last? And from what i see, US is going in a deep painful recession. Even the rich folks are feeling the pinch. Just look at AXP results on Monday!

So if you ask me, i will buy ONLY at RM 1.50.



This post has been edited by AdamG1981: Oct 18 2008, 06:29 PM

As far as I know Sentosa projects including Resorts World is a development of Genting International. Our local Resorts World only catering for the business in Genting Highlands, from the annual report there is no sign of project in Sentosa Singapore and there is -Nil- for long and short term borrowing. This is the main reason why I selected Resorts World instead of Genting.

Please correct me if I am wrong, my view may be narrow now since I am a novice in share market.
Thanks.

This post has been edited by rayloo: Oct 18 2008, 06:37 PM

Yes, seems to me they repaid the borrowings at the end of the 2007 fiscal year.

I browsed the Sentosa Resort World website and found this.
Resort World At Sentosa Singapore

This post has been edited by rayloo: Oct 18 2008, 06:44 PM

Yes, you are right.

I must say i am surprised that the PPS for resorts have been tremendously pressured even without owing. Then it must be profitability issue.

Phew.....I was so scared. Because i just bought in some.
Thanks for confirmation.

The Resort World in Singapore belongs to Genting Int which is also based in Singapore. Major shareholder of Genting International is our local Genting Bhd

Resort World Bhd could be appointed as Manager/contractor to build and run the Resort Hotels in Singapore. Apart from that, they do not have any equity link.

This post has been edited by SKY 1809: Oct 18 2008, 06:52 PM

Well in the current environment, if profitability for Resorts does decline rapidly, would it lead to borrowings?

If they drains out the cash pile, then yes.

But Casino is doing better in bad times, so people need a small place to stay. After all , it is a small cost compared to the fund needed for speculation in Casino.

They are in Cash Business, meaning bad debts are not likely.

This post has been edited by SKY 1809: Oct 18 2008, 07:05 PM

Oh I pray not, I will bring many friends to visit Genting Highlands to lose monies...

BTW, since I just bought some Resorts World shares, can I still request for this year vouchers ah ?

This post has been edited by rayloo: Oct 18 2008, 07:04 PM

Resorts is sitting on a pile of cash so it's unlikely they will borrow money soon. Infact, they could be looking at acquisitions during this downturn.

No offense AdamG1981 but I really hope you verify the facts first before coming out with statements like that, that scare people.

It wasn't too long ago that you warned about triple witching only to realize later that we're in Oct and not Sep.

That is where money could be made. When there is hope, then again money to be made. he sees the future where we do not.

Correct me if I am wrong.

Adam see things that I don't, I am glad he would raise hidden things for clarifiation. I noticed but I not even know what tripple witching is.... What oct what sept !!!
Thanks Adam again.

I really don see any logic to buy in this counter at current price below are my reason:

1. Stingy in dividend as they need more cash for their business expansion in macau casino ....In shorts they need more cash right now...

2. Global economy is going to slowdown at least few years time, holding this type of counter does not benefit you anything

3. If not wrong 100% of resorts business is in malaysia... With our political uncertainties... it is not a wise move

This post has been edited by darkknight81: Oct 18 2008, 08:42 PM

Just want to add my 2 cents on Resorts.

Resorts is sitting on $4 billion in cash and equivalents with no borrowings (it paid off its $1.1 billion convertible bond last year). Therefore after deducting its cash from today's closing of $2.43, you are actually only paying $1.68/share (There's about 5.7 billion shares outstanding). It generates about $1.8 billion in cash annually or about $0.30/share. Which means, the price(net of cash)/earnings per share is at a relatively low 5.6 times. It has also exited its loss making investment in Star Cruises.

As Genting may need money to fund its capex for Sentosa and also losses at its UK casino operations, there may be a need for Genting to access the cash and cash generating ability of Resorts. Potential privatisation candidate?? You may need to do your own valuation (e.g. enterprise value) on the counter though.

The not so positive points about Resorts is that it is only exposed to the casino industry in Malaysia, which means its growth potential is limited (it transferred its international operations to shareholders last year) and it is not likely to pay good dividends as its parent, Genting only hold 48%. [Nevertheless, I don't mind low payout in dividends in exchange for increase in price due to the taxation on dividend income]

This post has been edited by nven: Oct 22 2008, 11:57 PM

If you look at Genting highlands, their hotels quite run down and maintenance wise is in poor condition. It will take lots of money to upgrade them again. When will that be?