Genting Malaysia, Resorts World
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 Oct 18 2008, 06:08 PM
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#1
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Senior Member
4,030 posts Joined: Apr 2008  
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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 |
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Oct 18 2008, 06:27 PM
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#2
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4,030 posts Joined: Apr 2008
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QUOTE(rayloo @ Oct 18 2008, 03:16 AM) QUOTE(AdamG1981) Fundamental analysis is already hinting that Resorts will drop to below 2 ringgit. I thought Resorts has no debts ? What do you mean fundamental analysis hints price dropping to below RM2 ? 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? I am very concerned.   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 |
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Oct 18 2008, 06:42 PM
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#3
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(rayloo @ Oct 18 2008, 03:36 AM) 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. Yes, seems to me they repaid the borrowings at the end of the 2007 fiscal year.Please correct me if I am wrong, my view may be narrow now since I am a novice in share market. Thanks.  |
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Oct 18 2008, 06:47 PM
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#4
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QUOTE(rayloo @ Oct 18 2008, 03:43 AM) 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. |
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Oct 18 2008, 06:56 PM
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#5
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Senior Member
4,030 posts Joined: Apr 2008
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Well in the current environment, if profitability for Resorts does decline rapidly, would it lead to borrowings?
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