Serious

Serious | Joined since 2016-09-27

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2021-06-02 09:19 | Report Abuse

Quote from Goldfinger of Sharejunction GenS

Yes agree it will move in stops and starts - I bought into GENS when they first announcement their plans to bid for the Sentosa and Marina IRs. Yes, they bid for both. At that time, it was Genting International and they owned some Perth casino and obscure UK betting houses. When they first announced, i recall it moved from 40 cents to maybe 60 cents. Then it brought on Genting Star Cruises/HK as a Partner, to hub their cruise ships at Harbourfront. After they made the short list, it moved up somemore. Then the field narrowed to between them and Kerzner. Unfort, the Kerzner founder died in some air crash I think. With the announcement of Universal Studioes as a partner, it surprised the market. It hit like 80cents to a SGD 1 dollar when they won the bid???
But, nothing shocked the market like its first quarter profit announcement, something like a few hundred million? Then, it soared to like $2 dollars plus. I should 2/3 of my shareholdings I bought at 40 cents then, a few hundred thousand. Kept some, for good memories.

I fully expect history to repeat. This time, they will likely bring in Genting HK Cruise ships again, as Yokohama is a big port city.

Btw, Yokohama is a much better location for the IR - land is cheaper than Tokyo, but it is still very near to Tokyo by train. Almost like a suburb of Tokyo.

Stock

2021-06-02 09:16 | Report Abuse

Quote from Sharejunction GenS
Goldfinger ( Date: 01-Jun-2021 20:49) Posted:

Let me be a bit direct - This is a joke - what contest???. The Partners for GENS are formidable - you have all heard of Kajima and Sega, I am sure. What on earth is Taisei and what do they do? Is this the best that Melco can bring to the table as a Partner? Also, having 2 Partners brings down the share cost of GENSing' s stake and investment cost. Kajima as a builder will be able to lower construction costs. Sega will bring its amusement talents and Pachinko machines into the IR. This is very powerful. I would give it a 70 vs 30 in favour of GENS. Best of luck to all holding.

Stock

2021-05-21 06:44 | Report Abuse

https://www.kiro7.com/news/resorts-world-las/E3VYUGGW366UCBYGONNI2TE6QA/

Resorts World Las Vegas gets regulatory OK to open June 24

Stock

2021-04-12 18:00 | Report Abuse

Real billionaire Bill Gate will not defame other companies.

News & Blogs

2021-03-23 08:37 | Report Abuse

Are you willing to be held financially liable for readers' loss suffering from taking your advice to buy this share based on this blog ?

Stock

2020-12-18 11:31 | Report Abuse

US panel endorses Moderna COVID vaccine
Fri, 18 December 2020 9:24AM
https://thewest.com.au/news/health/us-panel-endorses-moderna-covid-vaccine-ng-s-2042554

Stock

2020-12-12 11:53 | Report Abuse

FDA approves Pfizer COVID-19 vaccine for emergency use in United States, Donald Trump says first shots in 'less than 24 hours'

Stock

2020-12-03 04:26 | Report Abuse

https://edition.cnn.com/2020/12/02/uk/pfizer-coronavirus-vaccine-uk-intl-hnk/index.html
UK becomes first country to approve Pfizer/BioNTech's Covid-19 vaccine, first shots roll out next week
By Emma Reynolds, Stephanie Halasz, Frederik Pleitgen and Lindsay Isaac, CNN

Updated 1709 GMT (0109 HKT) December 2, 2020

Stock

2020-12-03 04:17 | Report Abuse

UK becomes first country to approve Pfizer/BioNTech's Covid-19 vaccine, first shots roll out next week

Stock

2020-05-30 16:36 | Report Abuse

Dont believe in @warrior. Is Simply Wall Street that credible? Don't think so.

Stock

2018-12-26 05:27 | Report Abuse

Morgan Stanley says it's 'outright bullish' on Asian markets
Markets in Asia have already "reached trough" in late October or early November and the investment bank is "outright bullish out here," said Jonathan Garner, Morgan Stanley's chief equity strategist for Asia and emerging markets.
Asian markets have hit the bottom and will likely turn around in 2019 due to China's expansionary monetary policies to help spur economic growth, a Morgan Stanley strategist said on Thursday.

"The Chinese monetary cycle is diverging from the U.S. monetary cycle," said Jonathan Garner, Morgan Stanley's chief equity strategist for Asia and emerging markets.

Broadly, for the markets, "that's got to be positive when China is easing," Garner told CNBC on Thursday.

On Wednesday, the U.S. Federal Reserve raised its benchmark interest rate a quarter-point as markets expected. Hours later, on Thursday, the Chinese central bank left its short-term borrowing rates unchanged.

Beijing is beginning to ease monetary policy "in really quite a major way," Garner said.

Other measures taken by Beijing to boost economic activity include lowering property mortgage rates in some cities and the roll-out of a policy tool — known as the targeted medium-term lending facility, that's aimed at encouraging loans to small and private firms, he noted.

Morgan Stanley recently upgraded its call for emerging market stocks from "underweight" to "overweight" for 2019, while U.S. equities were downgraded to "underweight."

The cycle is shifting favourably for the Asian markets, particularly in China, said Garner.

He said markets in Asia already "reached their troughs" in late October or early November and that the investment bank is "outright bullish on markets out here" in the region.

Many investors are jittery due to the recent slide in the U.S. markets, but there's been "so much focus on the S&P and its decline, I think that people are largely missing that turning point in our markets," said Garner.

Morgan Stanley expects large emerging markets such as China, India, Indonesia and Brazil to perform well in the second half of the year. The cycle is shifting favourably for the Asian markets, particularly in China, said Garner.

Huileng Tan | @huileng_tan
Published 2:33 AM ET Thu, 20 Dec 2018
CNBC.com

Stock

2018-12-23 08:53 | Report Abuse

JP Morgan outlines three reasons to buy Asia stocks
Asian shares have had a wild ride in 2018, with major markets in Greater China, Japan and South Korea set to end the year in negative territory.
But for J.P. Morgan Asset Management, Asian equities are still looking attractive.
"With risks going to subside and fundamentals remain solid, we believe that Asian equities should look better in 2019," said Janet Tsang, Asia Pacific and emerging markets investment specialist at J.P. Morgan Asset Management.
Yen Nee Lee | @YenNee_Lee
Published 2:09 AM ET Fri, 21 Dec 2018 Updated 3:03 AM ET Fri, 21 Dec 2018

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2018-11-30 07:15 | Report Abuse

https://shentonwire.net/2018/11/27/db-tips-genting-malaysia-lawsuit-as-potential-positive/

Deutsche Bank said the plunge in Genting Malaysia’s shares in the wake of its lawsuit over its planned theme park has made the risk-reward favorable.

The stock tumbled 16.67 percent to end at 3 ringgit on Tuesday.

Genting Malaysia has reportedly sued Walt Disney and Twenty-First Century Fox in the U.S. for more than S$1 billion, alleging the two were walking away from a contract to build a Fox-branded theme park in Malaysia. Genting has said that so far, it has invested more than US$750 million in the project.

“The initial agreements were too favorable for GENM, in our view, driving delays in the theme park’s opening as Fox sought to renegotiate the agreement,” Deutsche Bank said in a note on Tuesday. “If Genting rebrands the theme park, it concedes defeat while moving the theme park ahead in its current form risks more lawsuits.”

But the investment bank added that the market has “been efficient” in pricing in the potential earnings forecast cuts.

It said the theme park was 4 percent of its 2019 and 10 percent of its 2020 forecasts for earnings before interest, tax, depreciation and amortization (EBITDA).

Deutsche Bank added that if Genting Malaysia wins its lawsuit, it could be awarded US$1 billion in costs and damages, which is around 25 percent of its market capitalization.

But it said that while those were positives, the lawsuit has hurt investor confidence in the shares, and it could face lower margins if it rebrands its theme park.

Genting Malaysia also needs to provide greater transparency, Deutsche Bank said, urging more disclosure via an investor conference call to boost confidence.

The company could also monetize its Miami land, which the bank estimated was worth around 10 billion ringgit, compared with 1 billion ringgit in 2008, Deutsche Bank said.

Stock

2018-11-30 06:12 | Report Abuse

https://shentonwire.net/2018/11/27/db-tips-genting-malaysia-lawsuit-as-potential-positive/

Deutsche Bank tips Genting Malaysia lawsuit as potential positive


Deutsche Bank said the plunge in Genting Malaysia’s shares in the wake of its lawsuit over its planned theme park has made the risk-reward favorable.

The stock tumbled 16.67 percent to end at 3 ringgit on Tuesday.

Genting Malaysia has reportedly sued Walt Disney and Twenty-First Century Fox in the U.S. for more than S$1 billion, alleging the two were walking away from a contract to build a Fox-branded theme park in Malaysia. Genting has said that so far, it has invested more than US$750 million in the project.

“The initial agreements were too favorable for GENM, in our view, driving delays in the theme park’s opening as Fox sought to renegotiate the agreement,” Deutsche Bank said in a note on Tuesday. “If Genting rebrands the theme park, it concedes defeat while moving the theme park ahead in its current form risks more lawsuits.”

But the investment bank added that the market has “been efficient” in pricing in the potential earnings forecast cuts.

It said the theme park was 4 percent of its 2019 and 10 percent of its 2020 forecasts for earnings before interest, tax, depreciation and amortization (EBITDA).

Deutsche Bank added that if Genting Malaysia wins its lawsuit, it could be awarded US$1 billion in costs and damages, which is around 25 percent of its market capitalization.

But it said that while those were positives, the lawsuit has hurt investor confidence in the shares, and it could face lower margins if it rebrands its theme park.

Genting Malaysia also needs to provide greater transparency, Deutsche Bank said, urging more disclosure via an investor conference call to boost confidence.

The company could also monetize its Miami land, which the bank estimated was worth around 10 billion ringgit, compared with 1 billion ringgit in 2008, Deutsche Bank said.

Stock

2016-09-27 05:28 | Report Abuse

Don't even bother to look at Gold's comments nowadays.