Genting Sing

Genting Sing - On Friday the Casino bill approved by Japan govt, heads to Diet. Fabulous News! This may likely drive the price higher seems positive to me!

XD on this Monday 30 April .Let's see it will be able to maintain or close unchanged as per Friday closing price of $1.18.

The Japanese government endorsed on Friday a bill setting the broad regulatory framework for the establishment of a casino industry in the country. The document – known as the Integrated Resorts (IR) Implementation Bill – will now be submitted to the Diet, the country’s parliament, for voting. quote:

https://www.ggrasia.com/casino-bill-approved-by-japan-govt-heads-to-diet/

 Also CIMB says : “We estimate 1Q18 adjusted EBITDA was $297.6 million (up 5% y-o-y and up 17% q-o-q) on the back of higher FY17 average market share of 40% for both the VIP and mass markets,” says lead analyst Cezzane See in a flash note on Thursday.

https//www.theedgesingapore.com/genting-singapore-likely-report-better-1q-higher-market-share-cimb

Genting Sing (17th April)- A nice attempt to take-out the psychological price level of $1.20, Looks rather positive. The bullish patterns was being triggered from 6th April 2018 whereby we have witnessed a super wide thrust bar couple with high volume. It manged to close well + higher of 6 cents to touch $1.14 on 6 April. This is generally positive and may likely continue to drive the share price higher.

The momentum has continued to play out and we have managed to see the price rises to hit $1.20 today - 17 April 2016.

Macd has been nicely rising and it may likely provide further indication that the share price may continue to trend higher.

Short term wise, I think it may likely re-conquer $1.20 level. Crossing over of $1.20 with ease + good volume that may propel to drive the price higher towards $1.25 then $1.30 with extension to $1.35 and above.


NAV of 60.7 cents.
Rolling EPS of 5.2 cents.
Rolling PE of 24 times.
Dividend of 3.5 cents.
Yield of 2.94%.

I think the price may continue to trend higher towards XD date of 30th April.


Also any winning or good news about the Japan casino license may likely provide the next catalyst to drive the share price higher.

Not a call to buy or sell.
please do you own due diligence.

Trade/Invest base on your own decision.




Genting Singapore PLC, an investment holding company, engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, Michelin starred restaurants, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. The company was formerly known as Genting International PLC and changed its name to Genting Singapore PLC in April 2009. Genting Singapore PLC was incorporated in 1984 and is headquartered in Singapore. Genting Singapore PLC is a subsidiary of Genting Overseas Holdings Limited.