Genting Singapore

[CityFarmer]

The Macau counterpart has done badly. Macau has the worst hit...

Wynn Resorts cuts dividend 67% as betting in Macau tumbles

LOS ANGELES (April 29): Wynn Resorts, the casino company founded by Steve Wynn, posted first-quarter earnings that missed analysts’ estimates after a sharp drop in betting in Macau.

The company cut its dividend by two-thirds and the stock fell.

Profit excluding some items fell to 70 cents a share, the Las Vegas-based company said on Tuesday in a statement.
...
http://www.theedgemarkets.com/sg/article...au-tumbles

[chiongkakis]

what do you guys think of this counter? price seems to be at this 1dollar range for quite awhile. i am evaluating on some re-org of my portfolio. should i cut lost at this point?



*vested small (10lots) at 1.30*

[tobias_i_d]

what do you guys think of this counter? price seems to be at this 1dollar range for quite awhile. i am evaluating on some re-org of my portfolio. should i cut lost at this point?



*vested small (10lots) at 1.30*

I hope you have cut loss this counter...

from the way I see it, the only path that it's heading right now is down south...

[Happymeowmeow]

casino business is getting very competitive
and genting sp management doesn't seem interested in paying more dividends

[cfa]

http://www.businesstimes.com.sg/companie...73-to-s63m

May 14, 2015 6:42 PM

GENTING Singapore's net profit fell 73 per cent to S$62.7 million for the first quarter ended March 2015, from S$228.5 million a year ago.

Including S$29 million apportioned to holders of perpetual securities, net profit fell 64 per cent to S$91.7 million.

Revenue slipped 23 per cent to S$639.2 million from S$828.8 million.

Earnings per share fell to 0.52 Singapore cent from 1.87 Singapore cents. No dividend was recommended for the period.

"The Asian gaming industry is adjusting to a new norm. The premium gaming market continued to be weak," said the firm in a statement.

[testwrite]

overall business is good, still making good margin, hence profit even when revenue falls, but maybe the valuation is too high for this counter

[cfa]

If Genting unable to reverse the high rollers trend , seeing red is just a matter of time .

[yohowslife]

Genting' s poor 1Q15 results unsurprising. May be too early to bottom fish but negativity has been mostly priced in and cataylsts in second half of year could potentially trigger recovery in stock price.

http://www.investark.com/Analysis39genting1Q15.html

[greengiraffe]

http://infopub.sgx.com/FileOpen/SGX%20An...eID=363476

PROFIT GUIDANCE FOR THE SECOND QUARTER ENDED 30 JUNE 2015
The Board of Directors of Genting Singapore PLC (the “Company”, together with
its subsidiaries, the “Group”) wishes to announce that the Group is expected to
report a significant decline in net profits after tax for the second quarter ended 30
June 2015 (“2Q 2015”). This is due mainly to fair value loss on derivative financial
instruments as a result of unfavourable market conditions and unrealised foreign
exchange translation losses. Notwithstanding the foregoing, on a theoretical
normalised hold basis, the Group expects its adjusted EBITDA for 2Q 2015 to be
comparable to the preceding quarter.
The 2Q 2015 accounts of the Group has not yet been finalised as at the date of
this announcement and the information contained in this announcement is based
on a preliminary assessment by the Board with reference to the information
currently available.
Further details of the Group’s performance will be disclosed when the Group
announces its 2Q 2015 financial results on 13 August 2015.
Shareholders and investors are advised to exercise caution when dealing in the
shares of the Company.
By Order of the Board
Genting Singapore PLC
Joscelyn Tan
Company Secretary
4 August 2015

[cfa]

They also bet on derivative products ?