Genting Singapore

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
I assume the post is to illustrate the performance of Genting's competitor. Big Grin

(29-01-2015, 08:37 PM)SLC81 Wrote: Las Vegas Sands said MBS achieved adjusted property EBITDA (earnings before interest, tax, depreciation and amortisation) of US$518.5 million – an increase of 100.3 per cent compared to the fourth quarter of 2013.

Look like things are turned around for Singapore games sector with VIP high roller coming back.

http://www.channelnewsasia.com/news/busi...23364.html
http://www.ggrasia.com/strong-singapore-...q-results/
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
(30-01-2015, 10:24 AM)CityFarmer Wrote: I assume the post is to illustrate the performance of Genting's competitor. Big Grin

(29-01-2015, 08:37 PM)SLC81 Wrote: Las Vegas Sands said MBS achieved adjusted property EBITDA (earnings before interest, tax, depreciation and amortisation) of US$518.5 million – an increase of 100.3 per cent compared to the fourth quarter of 2013.

Look like things are turned around for Singapore games sector with VIP high roller coming back.

http://www.channelnewsasia.com/news/busi...23364.html
http://www.ggrasia.com/strong-singapore-...q-results/

Empty VIP Tables in Macau Means Trouble for $44 Billion Industry
(Bloomberg) -- In the heart of Macau stands a 56-story tower with soaring gold-trimmed arches. On the second floor of the L’Arc Macau, there’s a sight that would have been unimaginable a year ago: An abandoned room for high-end gamblers.

Rich chinese prefer coming to gamble in SG perhaps or are the VIP tables in SG casino also getting less and will only show in the next quarterly report?
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
Reply
We can only tell for sure in Genting next quarter result :-)

But at this price, Genting look really attractive to me, for 9-month results ending Sep/2014, Genting generated $ 677 Millions cash from operating activities. This is really a money printing business :-)
Reply
(03-02-2015, 08:32 PM)SLC81 Wrote: We can only tell for sure in Genting next quarter result :-)

But at this price, Genting look really attractive to me, for 9-month results ending Sep/2014, Genting generated $ 677 Millions cash from operating activities. This is really a money printing business :-)

if only the management are more generous about returning back some profits back to investor...
Reply
profits expectedly fell for 2014 but company is still a very strong brand with a strong balance sheet and operating cashflow. potentially catalysts in 2015 in the form of the new hotel opening and foreign ventures could drive turn the stock around in the second half of 2015.


http://www.investark.com/Analysis21genting2014.html
Reply
The share price drop like poo today as if Genting Singapore is fast dipping into the red ! Big Grin
But they are generating S$635 millions profits in CASH !
And current share price , after dropping for 5 years, is approching the NAV of the company.

I am starting to see the value in Genting ! Big Grin
Reply
http://www.straitstimes.com/the-big-stor...nd-tourism-


By Chang May Choon

WITH its idyllic beaches, lush scenery and posh resorts, Jeju has long been popular as a honeymoon island.

But in recent years, the autonomous South Korean province, located off the southern coast of the Korean peninsula, has been transforming itself. It now appears to be shaping up to become the equivalent of Singapore's Sentosa - a hot spot for overseas investors as well as leisure tourists, business tour groups and international conferences.

By 2017, Jeju's population of 600,000 will even have its own integrated resort - Resorts World Jeju (RWJ), a US$1.8 billion (S$2.4 billion) development occupying 250ha of land, said to be the largest on the island.

It is a joint project between Chinese developer Landing International Development and Genting Singapore, the driving force behind Singapore's first integrated resort, the hugely successful Resorts World Sentosa (RWS).

Welcoming the new development at its groundbreaking ceremony earlier this month, Jeju Governor Won Hee Ryong said: "We are confident that this iconic resort will further strengthen Jeju island's reputation as a holiday paradise."

Since the local government started offering visa-free travel from 2006 and relaxed rules from 2010 for foreigners to gain residency after investing in property, Jeju has become a tourism and investment gold mine, drawing a record 12 million visitors last year.

Foreign investment in property has also been growing, and the upcoming RWJ is just one of the six ambitious projects earmarked by the Jeju Free International City Development Centre with the goal of putting Jeju on the world map.

A medical hub developed by China's state-owned Greenland Group to the tune of US$900 million is slated to open later this year, while an aerospace museum and an education hub featuring two elite girls' schools - North London Collegiate School and Canada's Branksome Hall - have been in operation since last year.

A resort-style residential complex and a science park are still in the works.

"Jeju used to be close-minded towards foreigners, but not any more," Jeju Convention and Visitors Bureau (CVB) adviser Ko Byung Doo told The Straits Times, adding that the island has developed a lot of infrastructure in recent years to boost its appeal as a "treasure island".

Jeju's open-minded policy has also helped grow its Mice (meetings, incentive travel, conferences and exhibitions) business. It is second to Seoul as a Mice venue and has hosted several high-profile events, including the 2009 Asean-Korea Commemorative Summit.

Conference facilities with scenic views are ubiquitous on the island, so some organisers, like Hyatt Regency Jeju, throw in a local twist to their events to impress guests. The hotel hires haenyo, or women divers, to cut and serve platters of raw shellfish and abalone which they personally pick from coastal waters.

"Guests are very fond of taking photos with the women divers as a piece of memory from Jeju," the hotel's spokesman said.

The new RWJ, when fully ready by 2019, will offer more infrastructure for Mice too.

RWJ is five times bigger than its Singapore counterpart and comprises a foreigners-only casino, a family theme park, a water park, themed retail and food complexes, hotels and a destination spa. Thus it is expected to be a "game changer in Jeju that we believe can help the province attain its goal of surpassing 15 million tourists by 2018", Genting Singapore's executive chairman, Tan Sri Lim Kok Thay, said in a statement.

For now, the number of visitors to Jeju still lags far behind Sentosa, which drew 18.6 million visitors between April 2013 and March 2014.

But will RWJ be a threat to its Singapore counterpart?

Mr Amos Boon, managing director of Singapore-based event management agency Launch Group, which organises K-pop events, thinks RWS "still holds an added advantage in terms of accessibility and attractions".

"Potentially, Jeju may grow as a tourist destination but every other city will also be constantly upgrading itself to cope with competition," he said.

changmc@sph.com.sg
- See more at: http://www.straitstimes.com/the-big-stor...yDAmm.dpuf
Reply
Market is punishing this counter non stop. Where is the bottom ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
(06-03-2015, 10:33 AM)cfa Wrote: Market is punishing this counter non stop. Where is the bottom ?

The lower the price, the better for us to buy more Smile
Reply
Been looking at this counter since they opened back in 2010. Prices are very volatile due to qtrly reports. Good results price rockets bad results it tanks.

There have been many qns as to what they r gonna do wif their cash hoard of about 2b n nothing concrete have surfaced. They have been aggressively venturing to new areas outside of MY n SG but their spendings have not always reaped returns.

Whilst their American counterparts are looking at venturing into Asia, Genting was pretty active expanding in the states, Florida's flop venture resulted in a plot of land that they are intending to build luxurious apartments on. Based on their acquisition price I believe it will not get them the returns they want it the shareholders want.

Jeju, their latest development still did not get the Korean government endorsement for locals to enter. Meaning they are looking at the Chinese market which is rapidly shrinking due to the corruption crackdown. Even Macau operators are fearful of their future due to recent policy changes.

Unless there is anything concrete on their plates or changes to political climate in China, I will remain watchful on Genting.

*not vested yet*
Reply


Forum Jump:


Users browsing this thread: 6 Guest(s)