Hi willisow, thanks for genting !
Sg KFC chicken is much nicer than prc, more juicy..another 3 days I will b back n eat everything I liked, haha..:)
Yes. I will buy him KFC. =P
Congrat:) today u can buy drumstick n celebrate with your doggie 🙂No worries for m1, we will definitely see profit 🙂
Cheers!
You are most welcome pal 🙂
You are welcomed Willisow! Thanks very much too for starting this thread and contributing to us all!
Hi Jeremy, once again, thanks for your detailed contributions and constant effort in sharing your knowledge and experience with all readers. This help to make this thread more meaningful for readers to visit. Very much appreciated 🙂
You are welcomed Willisow! Thanks very much too for starting this thread and contributing to us all! 
Hi Jeremy, once again, thanks for your detailed contributions and constant effort in sharing your knowledge and experience with all readers. This help to make this thread more meaningful for readers to visit. Very much appreciated 🙂
Good sharing on accounting entries which may give misleading interpretation on a company' s performance. We need to be careful to not just take media/ press releases of a company' s results as the absolute and even more so a company' s quarter result as the only measure of a company' s investment worthiness. If one bother to dig deeper into the financial statements of a company, one may see a very different interpretation of the performance of a company. I noticed so far almost all companies will emphasise good aspects about their quarter or yearly results. If there are any negative aspects about them, they usually will not mention in the media/ press releases or try to reduce the impact of the negative aspect if they should mention it by giving some form of excuse. Rarely will a company emphasise or dwell on any mistakes or bad aspects of their performance and provide reflections on how they can improve their business operations the next time.So, as an investor, if we notice any exceptional/ exaggerated performance of a company, we must be careful and dig deeper into the financial statements and other avaliable sources about the company to find out why the reported revenue, earnings, cashflows have either increased by significant amount or decreased by significant amount this year compared to previous year. Always remember that media/ press releases like to emphasise the good things and rarely emphasise bad things about a company' s performance.
Also, accounting entries do give misleading interpretation of a company' s performance and only by digging deeper and making the relevant adjustments as Willisow puts it can we find out the true performance of a company and any hidden skeletons in the wardrobe about a company (negative aspects) that are not reported in the media/ press releases.
Hi Jeremy, once again, thanks for your detailed contributions and constant effort in sharing your knowledge and experience with all readers. This help to make this thread more meaningful for readers to visit. Very much appreciated 🙂
Good sharing on accounting entries which may give misleading interpretation on a company' s performance. We need to be careful to not just take media/ press releases of a company' s results as the absolute and even more so a company' s quarter result as the only measure of a company' s investment worthiness. If one bother to dig deeper into the financial statements of a company, one may see a very different interpretation of the performance of a company. I noticed so far almost all companies will emphasise good aspects about their quarter or yearly results. If there are any negative aspects about them, they usually will not mention in the media/ press releases or try to reduce the impact of the negative aspect if they should mention it by giving some form of excuse. Rarely will a company emphasise or dwell on any mistakes or bad aspects of their performance and provide reflections on how they can improve their business operations the next time.So, as an investor, if we notice any exceptional/ exaggerated performance of a company, we must be careful and dig deeper into the financial statements and other avaliable sources about the company to find out why the reported revenue, earnings, cashflows have either increased by significant amount or decreased by significant amount this year compared to previous year. Always remember that media/ press releases like to emphasise the good things and rarely emphasise bad things about a company' s performance.
Also, accounting entries do give misleading interpretation of a company' s performance and only by digging deeper and making the relevant adjustments as Willisow puts it can we find out the true performance of a company and any hidden skeletons in the wardrobe about a company (negative aspects) that are not reported in the media/ press releases.
Hi guys,Another real life example of investors being misled by net profit performance. genting clocked a stellar Q3 net profit performance primarily due to a derivative loss registered in Q3 2015, which was a one off expense n should be taken out for adjustment.
This is similar to someone who sold its share at loss last year n resulted a lower net income. This year he didn' t sold any share n thus when compared to last year, his income rocket tremendously. In fact, his income did not grow at all. Hence, we can see how majority public are being misleaded by accounting entries n lead to volatilities in share price.
Nevertheless, my very big congrat to those who profitted at sgd0.82 n u guys can buy many delicious drumsticks to celebrate. Thank you 🙂
Good sharing on accounting entries which may give misleading interpretation on a company' s performance. We need to be careful to not just take media/ press releases of a company' s results as the absolute and even more so a company' s quarter result as the only measure of a company' s investment worthiness. If one bother to dig deeper into the financial statements of a company, one may see a very different interpretation of the performance of a company. I noticed so far almost all companies will emphasise good aspects about their quarter or yearly results. If there are any negative aspects about them, they usually will not mention in the media/ press releases or try to reduce the impact of the negative aspect if they should mention it by giving some form of excuse. Rarely will a company emphasise or dwell on any mistakes or bad aspects of their performance and provide reflections on how they can improve their business operations the next time.
So, as an investor, if we notice any exceptional/ exaggerated performance of a company, we must be careful and dig deeper into the financial statements and other avaliable sources about the company to find out why the reported revenue, earnings, cashflows have either increased by significant amount or decreased by significant amount this year compared to previous year. Always remember that media/ press releases like to emphasise the good things and rarely emphasise bad things about a company' s performance.
Also, accounting entries do give misleading interpretation of a company' s performance and only by digging deeper and making the relevant adjustments as Willisow puts it can we find out the true performance of a company and any hidden skeletons in the wardrobe about a company (negative aspects) that are not reported in the media/ press releases.
Hi guys,Another real life example of investors being misled by net profit performance. genting clocked a stellar Q3 net profit performance primarily due to a derivative loss registered in Q3 2015, which was a one off expense n should be taken out for adjustment.
This is similar to someone who sold its share at loss last year n resulted a lower net income. This year he didn' t sold any share n thus when compared to last year, his income rocket tremendously. In fact, his income did not grow at all. Hence, we can see how majority public are being misleaded by accounting entries n lead to volatilities in share price.
Nevertheless, my very big congrat to those who profitted at sgd0.82 n u guys can buy many delicious drumsticks to celebrate. Thank you 🙂
Congrat:) today u can buy drumstick n celebrate with your doggie 🙂
No worries for m1, we will definitely see profit 🙂
Cheers!
Thanks, Wilisow. Took profit at 0.825. Now just waiting for M1 to buck up.
Subject: Genting Singapore Valuationannounced its Q3 and 9 months financial results. Both Q3 and 9 months operating earnings fell 28% and 30% on a year on year basis, pretty disappointed, sigh. On a trend basis, Q1 operating earnings fell 13%, Q2 operating earning fell 46%, Q3 offered some improvement but it is still too early to indicate any recovery yet. My own assessment of its fair value based on current earnings is revised down from SGD0.83 to SGD0.82 and ideal entry price at SGD0.75 or below.
As mentioned previously, my own position was taken in Q1 at SGD0.73 and i will only liquidate based on my own projected long term value at SGD1.03 and this is not inclusive of potential value to be derived from its Jeju joint venture. However, those who wish to sell at its current estimated fair value are free to exercise their own judgement. Below are analysts reference as second opinion. Thank you 🙂
SGX : Genting Sing
Last Price
Avg Target Price
Upside/Downside
Price Call0.76
0.80
+0.04 (5.26%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News 12/10/2016
0.75
0.77
+0.02 (2.67%)
HOLD
OCBC
06/09/2016
0.74
0.77
+0.03 (4.05%)
HOLD
OCBC
22/08/2016
0.76
0.84
+0.08 (10.53%)
BUY
UOB KayHian
05/08/2016
0.77
0.77
0.00 (0.00%)
HOLD
OCBC
27/07/2016
0.78
0.79
+0.01 (1.28%)
HOLD
DBS Vickers
21/06/2016
0.73
0.72
-0.01 (1.37%)
HOLD
OCBC
16/06/2016
0.73
0.89
+0.16 (21.92%)
BUY
CIMB
13/06/2016
0.735
0.72
-0.015 (2.04%)
HOLD
OCBC
13/06/2016
0.735
0.80
+0.065 (8.84%)
HOLD
Hong Leong
18/05/2016
0.75
0.78
+0.03 (4.00%)
HOLD
Maybank Kim Eng
18/05/2016
0.75
0.79
+0.04 (5.33%)
HOLD
DBS Vickers
17/05/2016
0.76
0.72
-0.04 (5.26%)
HOLD
OCBC
16/05/2016
0.76
0.72
-0.04 (5.26%)
HOLD
OCBC
16/05/2016
0.76
0.79
+0.03 (3.95%)
HOLD
DBS Vickers
Thanks, Wilisow. Took profit at 0.825. Now just waiting for M1 to buck up.
Subject: Genting Singapore Valuationannounced its Q3 and 9 months financial results. Both Q3 and 9 months operating earnings fell 28% and 30% on a year on year basis, pretty disappointed, sigh. On a trend basis, Q1 operating earnings fell 13%, Q2 operating earning fell 46%, Q3 offered some improvement but it is still too early to indicate any recovery yet. My own assessment of its fair value based on current earnings is revised down from SGD0.83 to SGD0.82 and ideal entry price at SGD0.75 or below.
As mentioned previously, my own position was taken in Q1 at SGD0.73 and i will only liquidate based on my own projected long term value at SGD1.03 and this is not inclusive of potential value to be derived from its Jeju joint venture. However, those who wish to sell at its current estimated fair value are free to exercise their own judgement. Below are analysts reference as second opinion. Thank you 🙂
SGX : Genting Sing
Last Price
Avg Target Price
Upside/Downside
Price Call0.76
0.80
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News 12/10/2016
0.75
0.77
+0.02 (2.67%)
HOLD
OCBC
06/09/2016
0.74
0.77
+0.03 (4.05%)
HOLD
OCBC
22/08/2016
0.76
0.84
+0.08 (10.53%)
BUY
UOB KayHian
05/08/2016
0.77
0.77
0.00 (0.00%)
HOLD
OCBC
27/07/2016
0.78
0.79
+0.01 (1.28%)
HOLD
DBS Vickers
21/06/2016
0.73
0.72
-0.01 (1.37%)
HOLD
OCBC
16/06/2016
0.73
0.89
+0.16 (21.92%)
BUY
CIMB
13/06/2016
0.735
0.72
-0.015 (2.04%)
HOLD
OCBC
13/06/2016
0.735
0.80
+0.065 (8.84%)
HOLD
Hong Leong
18/05/2016
0.75
0.78
+0.03 (4.00%)
HOLD
Maybank Kim Eng
18/05/2016
0.75
0.79
+0.04 (5.33%)
HOLD
DBS Vickers
17/05/2016
0.76
0.72
-0.04 (5.26%)
HOLD
OCBC
16/05/2016
0.76
0.72
-0.04 (5.26%)
HOLD
OCBC
16/05/2016
0.76
0.79
+0.03 (3.95%)
HOLD
DBS Vickers
