| Good entry price: | $1.34 - $1.35 |
|
Target price:
|
$1.42 |
|
Estimated holding time period:
|
1 month |
The targeted price is based on current stock movement, current volume which is picking up and some trends that is based on technical analysis which is specifically created to target the Singapore stock market. Do note that the target price and estimated holding time period may change depending on the market conditions and trade with care.
Chart source: Reuters
Stock code: GENS.SI
Company name: Genting Singapore PLC
About: Genting Singapore PLC is an investment holding company. The principal activities of the Company include the development and operation of integrated resorts, operation of casinos, provision of sales and marketing support services to leisure and hospitality related businesses and investments. The operations in Malaysia, Alderney and other geographical areas in the Asia Pacific are sales and marketing services, online gaming and information technology services. On 27 December 2011, it incorporated Legold Pte. Ltd. On 8 December 2011, it incorporated North Spring Capital Blue LLC, North Spring Investments LLC and Pacific Sky LLC. On 28 December 2011, it acquired Dynamic Sales Investments Limited, Grand Knight International Limited and Greenfield Resources Capital Limited. On 12 September 2011, it acquired Blue Shell International Limited. On 4 November 2011, Calidone Limited and Star Cruise (C) Limited disposed their interest in WorldCard International Limited and its subsidiaries.
Here's the coverage from some brokerage recently as well:
Source: Investor Central
Q2 Revenue down 3%, Net Profit drops 43%
16/8/2012 – Genting Singapore anticipates improvement in cash flow in 2013 as its capex will slow down and the West Zone of its Resorts World Sentosa will generate additional revenue.
The casino operator also says it fully supports the proposed amendments to the Casino Control Act by the Singapore government.
The company just announced earnings for Q2 FY12:
Revenue: -3% to S$702.2 mln
Profit: -43% to S$138.5 mln
Fair value gain on derivatives: S$11.4 mln vs Nil
Cash flow from operations: S$426.4 mln vs S$318.3 mln
Dividend: Nil
DBS Vickers calls the results 'unexciting' as H1 EBITDA was only 40% of its full-year estimate.
Despite reducing its EBITDA estimate for FY12-FY14 by 3%-6%, DBS Vickers maintains a HOLD rating on the stock with an unchanged target price of S$1.17.
OCBC finds the results slightly below expectations but is worried about the more depressed economic outlook and its impact on the company’s performance.
Therefore, OCBC maintains a BUY rating but with a sharply lower target price of S$1.66 from S$1.97 previously.
Interestingly, Kim Eng's report is titled 'shortfall in 2Q12 results' but in the opening paragraph it says the results were ‘inline’ with estimates.
The broker has cut its earnings estimate for FY12-FY14 by 10%-15%, as it expects VIP volumes to be lower than earlier estimates.
Therefore, Kim Eng maintains a HOLD rating with a lower target price of S$1.31 from S$1.40 earlier.
16/8/2012 – Genting Singapore anticipates improvement in cash flow in 2013 as its capex will slow down and the West Zone of its Resorts World Sentosa will generate additional revenue.
The casino operator also says it fully supports the proposed amendments to the Casino Control Act by the Singapore government.
The company just announced earnings for Q2 FY12:
Revenue: -3% to S$702.2 mln
Profit: -43% to S$138.5 mln
Fair value gain on derivatives: S$11.4 mln vs Nil
Cash flow from operations: S$426.4 mln vs S$318.3 mln
Dividend: Nil
DBS Vickers calls the results 'unexciting' as H1 EBITDA was only 40% of its full-year estimate.
Despite reducing its EBITDA estimate for FY12-FY14 by 3%-6%, DBS Vickers maintains a HOLD rating on the stock with an unchanged target price of S$1.17.
OCBC finds the results slightly below expectations but is worried about the more depressed economic outlook and its impact on the company’s performance.
Therefore, OCBC maintains a BUY rating but with a sharply lower target price of S$1.66 from S$1.97 previously.
Interestingly, Kim Eng's report is titled 'shortfall in 2Q12 results' but in the opening paragraph it says the results were ‘inline’ with estimates.
The broker has cut its earnings estimate for FY12-FY14 by 10%-15%, as it expects VIP volumes to be lower than earlier estimates.
Therefore, Kim Eng maintains a HOLD rating with a lower target price of S$1.31 from S$1.40 earlier.
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