Went through a few analyst reports - generally positive. Read in today's Sunday New Paper that Jeju is the most visited cruise port in Asia? So there should be synergies with the Genting HK cruise business and they could bus in the PRC and Jap gamblers on day trips.
No matter - meanwhile let's celebrate the surprisingly good results and the 1.5cts dividend.
whole article 28 lines on Jeju written in english...main topic...GENTING SINGAPORE PUMPS MORE INVESTMENT IN S.KOREA CASINO PROJECT
n u talking abt these last 5 lines in the article....
&ldquo At this stage, we see the likelihood of gaming legalization in Japan in the foreseeable future to be of slim probability. Management has alluded to certain new project under review for investment, but has provided no details,&rdquo Umansky said in its report to Berstein. &ldquo While we do not have any details on any such potential project, we are increasingly concerned that such project has potential to generate low ROI and is not an efficient way of enhancing shareholder value. A significant concern would be if Genting Singaporebecame involved in Genting Bhd.&rsquo s development of Resorts World Las Vegas, which we view as a low ROI project.&rdquo
No matter - meanwhile let's celebrate the surprisingly good results and the 1.5cts dividend.
whole article 28 lines on Jeju written in english...main topic...GENTING SINGAPORE PUMPS MORE INVESTMENT IN S.KOREA CASINO PROJECT
n u talking abt these last 5 lines in the article....
&ldquo At this stage, we see the likelihood of gaming legalization in Japan in the foreseeable future to be of slim probability. Management has alluded to certain new project under review for investment, but has provided no details,&rdquo Umansky said in its report to Berstein. &ldquo While we do not have any details on any such potential project, we are increasingly concerned that such project has potential to generate low ROI and is not an efficient way of enhancing shareholder value. A significant concern would be if Genting Singaporebecame involved in Genting Bhd.&rsquo s development of Resorts World Las Vegas, which we view as a low ROI project.&rdquo
Actually the article is just speculating on investing in Japan and Las Vegas and Jeju is not even the main topic in the content. It also looks like pure conjecture and an expressed opinion without any analytical basis. I hardly trust analyst reports even with numbers backing, but this one based on speculative opinions is not even based on any facts leh. Like that I can also become a guru. LO
whole article 28 lines on Jeju written in english...main topic...
GENTING SINGAPORE PUMPS MORE INVESTMENT IN S.KOREA CASINO PROJECT
n u talking abt these last 5 lines in the article....
&ldquo At this stage, we see the likelihood of gaming legalization in Japan in the foreseeable future to be of slim probability. Management has alluded to certain new project under review for investment, but has provided no details,&rdquo Umansky said in its report to Berstein. &ldquo While we do not have any details on any such potential project, we are increasingly concerned that such project has potential to generate low ROI and is not an efficient way of enhancing shareholder value. A significant concern would be if Genting Singaporebecame involved in Genting Bhd.&rsquo s development of Resorts World Las Vegas, which we view as a low ROI project.&rdquo
Actually the article is just speculating on investing in Japan and Las Vegas and Jeju is not even the main topic in the content. It also looks like pure conjecture and an expressed opinion without any analytical basis. I hardly trust analyst reports even with numbers backing, but this one based on speculative opinions is not even based on any facts leh. Like that I can also become a guru. LOL
if u talking abt Jeju....read this....Bernstein: Genting Singapore unlikely to deliver high return to investors
http://calvinayre.com/2016/06/21/casino/genting-singapore-ups-investment-in-s-korea/
2017. Have more faith - Genting Group is quite adept in delivering and making the IR business work. They also have the advantage of a passenger cruise line with ships that can call into Chinese, Japanese and Jeju ports.
large investment pump in n more later for such big project....u think can make profit immediately....as u know any start up of business need ???? years to breakeven....so when Jeju open for business???
Actually the article is just speculating on investing in Japan and Las Vegas and Jeju is not even the main topic in the content. It also looks like pure conjecture and an expressed opinion without any analytical basis. I hardly trust analyst reports even with numbers backing, but this one based on speculative opinions is not even based on any facts leh. Like that I can also become a guru. LO
large investment pump in n more later for such big project....u think can make profit immediately....as u know any start up of business need ???? years to breakeven....so when Jeju open for business???
Actually the article is just speculating on investing in Japan and Las Vegas and Jeju is not even the main topic in the content. It also looks like pure conjecture and an expressed opinion without any analytical basis. I hardly trust analyst reports even with numbers backing, but this one based on speculative opinions is not even based on any facts leh. Like that I can also become a guru. LOL
if u talking abt Jeju....read this....Bernstein: Genting Singapore unlikely to deliver high return to investors
http://calvinayre.com/2016/06/21/casino/genting-singapore-ups-investment-in-s-korea/
Actually the article is just speculating on investing in Japan and Las Vegas and Jeju is not even the main topic in the content. It also looks like pure conjecture and an expressed opinion without any analytical basis. I hardly trust analyst reports even with numbers backing, but this one based on speculative opinions is not even based on any facts leh. Like that I can also become a guru. LOL
if u talking abt Jeju....read this....Bernstein: Genting Singapore unlikely to deliver high return to investors
http://calvinayre.com/2016/06/21/casino/genting-singapore-ups-investment-in-s-korea/
Frankly - I think all the Analysts are according zero value to Jeju. That may be a severe understatement given that they will be selling over a thousand relatively high end units there besides the IR.
if u talking abt Jeju....read this....
Bernstein: Genting Singapore unlikely to deliver high return to investors
http://calvinayre.com/2016/06/21/casino/genting-singapore-ups-investment-in-s-korea/
Frankly - I think all the Analysts are according zero value to Jeju. That may be a severe understatement given that they will be selling over a thousand relatively high end units there besides the IR.
Frankly - I think all the Analysts are according zero value to Jeju. That may be a severe understatement given that they will be selling over a thousand relatively high end units there besides the IR.
all over the world casino having hard time..genting sg...so clever??
fully agree that cost cutting is working..
not that vip clients coming back...with the non stop elimination of corruption in china..
no more fast money..black money to move around already..
so doyd
maybank kim eng rpt hv good grounds on their tgt px...fri px overdone...they hv been retrenching and asking staffs to leave since early 2016....profits mainly fm cost cutting...moving fwd with less staffs...less business...less tourists...more casinos openiing...results will not be able to maintain...pump to dump....dyodd...
Latest broker ratings:
Credit Suisse maintains Outperform with TP of $1.00
UBS maintains Buy with TP of $0.95
CIMB maintains Add with TP of $0.89
JPMorgan maintains Neutral with TP of $0.85
UOB KayHian maintains Buy with TP of $0.84
Nomura maintains Neutral with TP of $0.83
OCBC maintains Hold, raises TP to $0.81 from $0.77
Deutsche maintains Hold and TP of $0.80
CLSA maintains Outperform with TP of $0.80
Morgan Stanley upgrades to Equal-weight from Underweight, raises TP to $0.78 from $0.68
Maybank upgrades to Hold from Sell, raises TP to $0.72 from $0.71
Latest broker ratings:
Credit Suisse maintains Outperform with TP of $1.00
UBS maintains Buy with TP of $0.95
CIMB maintains Add with TP of $0.89
JPMorgan maintains Neutral with TP of $0.85
UOB KayHian maintains Buy with TP of $0.84
Nomura maintains Neutral with TP of $0.83
OCBC maintains Hold, raises TP to $0.81 from $0.77
Deutsche maintains Hold and TP of $0.80
CLSA maintains Outperform with TP of $0.80
Morgan Stanley upgrades to Equal-weight from Underweight, raises TP to $0.78 from $0.68
Maybank upgrades to Hold from Sell, raises TP to $0.72 from $0.71
qtrly profit is substantially improved.
i think their strategy towards VIP gambler is correct and pay off.
it should be profitable qtr by qtr from now on. its price has been dropping from $1.0 early of this year till today.
should be able to go back to that price. first resistance should be at 88 cents??
Wau, after the QR release, this genting sp is one way shooting up..going to break 0.900 level soon?
now 0.85...
why? there alot of pokemon?
I think you guys have to thank Pokemon Go to some extent
