Download Link:-
http://rapidshare.com/files/384134793/Genting_SP___Genting_Bhd_-_Upgraded_by_UBS.zip.html
Thursday, May 6, 2010
Wednesday, May 5, 2010
LIONIND(4235) - Bearish?
After intersecting target price at 1.90-2.00, LIONIND may have exhausted its rally. Further correction in its price is needed before the rally can restart. Its MACD,DMI and RSI have broken into bearish territory. The RM1.70-1.80 is the strong support.
Strategy:-
Trading Sell with a target range of RM1.30-RM1.45 at its next support base.
Tuesday, May 4, 2010
GENTING BERHAD : Small Non-Strategic Investment in Bank
Target Price : RM8.35
Union Bank of Colombo has inked a deal to raise 1.5 billion rupees (RM42m) in capital from Genting Group, a Malaysian conglomerate and Shorecap, a US based banking fund. It hopes to go public within a year, an official said. "Genting is giving 1.0 billion rupees (RM28m), Shorecap 500 million rupees (RM14m)," Union Bank chairman Ajita de Soyza said. “In a couple of months we will be planning an IPO (initial public offering) as well." Under a private placement, Genting would get a 20% stake in the bank and Shorecap, 13%, Soyza said. (Lanka Business Online)
Maintain BUY. We are NEUTRAL on the acquisition given its smallish size and potentially strong percentage returns to be gained upon IPO. Maintain our BUY recommendation and target price of RM8.35.
Union Bank of Colombo has inked a deal to raise 1.5 billion rupees (RM42m) in capital from Genting Group, a Malaysian conglomerate and Shorecap, a US based banking fund. It hopes to go public within a year, an official said. "Genting is giving 1.0 billion rupees (RM28m), Shorecap 500 million rupees (RM14m)," Union Bank chairman Ajita de Soyza said. “In a couple of months we will be planning an IPO (initial public offering) as well." Under a private placement, Genting would get a 20% stake in the bank and Shorecap, 13%, Soyza said. (Lanka Business Online)
Maintain BUY. We are NEUTRAL on the acquisition given its smallish size and potentially strong percentage returns to be gained upon IPO. Maintain our BUY recommendation and target price of RM8.35.
Friday, April 30, 2010
Special Birthday Gift : Market Report on 30-04-2010
US Stock gained strenght last week on the back of impressive earnings. Since March 2009, we must accept that Global Economy (including US) is improving. Now, i believe that this is not an opportune time to deploy cash/capital into stocks. I personally believe that current marekt is slightly overvalued.
I urge all my friends/investors to remain cautious. I see many headwinds which can "derail" the uptrend.
My final advice :
"Complacency can be your worst enemy" - Peter Lee
I urge all my friends/investors to remain cautious. I see many headwinds which can "derail" the uptrend.
My final advice :
"Complacency can be your worst enemy" - Peter Lee
Tuesday, April 27, 2010
GENTING BERHAD : GENTING SP Quarterly Earning Review
1Q10 results are due to be released in May, but will be affected by several factors.
Positive factors:
1) Chinese New Year festivities, traditionally, a peak season and
2) Genting Singapore was the sole casino operator in Singapore.
3) Attractive contribution from Universal Studio theme park.
Negative factors:
1) the pre-opening expenses,
2) only six weeks of casino operations,
3) the gradual ramp-up of casino, starting at 50% utilisation.
Positive factors:
1) Chinese New Year festivities, traditionally, a peak season and
2) Genting Singapore was the sole casino operator in Singapore.
3) Attractive contribution from Universal Studio theme park.
Negative factors:
1) the pre-opening expenses,
2) only six weeks of casino operations,
3) the gradual ramp-up of casino, starting at 50% utilisation.
Saturday, April 24, 2010
China Property Bubble Crash ?
China in Focus :-
China's government has implemented more measures to cool down the property market in China. The real-estate,property developer, banking stocks have reverse badly to these GREAT moves. No Surprise!
I do not see any China Stock market crashing at this moment due to strong recovery from manufacturing production index. The objective of government new policy is to cool certain segments of the property market down.
We will continously monitor the China Property Bubble issue. The investors are start fear, but no panic at this moment. We will monitor greedy property investors in China within 12-24 months. If the house price shoot up another 50-60%, the risk is getting high. Emergency House Bubble Collapse coming soon. God PUNISH GREEDY Property Investor!
House is asset but Supply and Demand concept is still applied to Property. China Burst, mean I get Richer and RICHER!!!
My Strategy :
"Secret" - Subscription is required for this secret. Fee : RM0.01
Pls contact me : cllee83@gmail.com
China's government has implemented more measures to cool down the property market in China. The real-estate,property developer, banking stocks have reverse badly to these GREAT moves. No Surprise!
I do not see any China Stock market crashing at this moment due to strong recovery from manufacturing production index. The objective of government new policy is to cool certain segments of the property market down.
We will continously monitor the China Property Bubble issue. The investors are start fear, but no panic at this moment. We will monitor greedy property investors in China within 12-24 months. If the house price shoot up another 50-60%, the risk is getting high. Emergency House Bubble Collapse coming soon. God PUNISH GREEDY Property Investor!
House is asset but Supply and Demand concept is still applied to Property. China Burst, mean I get Richer and RICHER!!!
My Strategy :
"Secret" - Subscription is required for this secret. Fee : RM0.01
Pls contact me : cllee83@gmail.com
IPO : Prudential
Insurance giant Prudential, which has agreed to buy the Asian arm of troubled US insurer AIG, said Friday its shares were expected to start trading in Hong Kong on May 11.
London-listed Prudential said in a statement that it has also applied for a secondary listing in Singapore on the same date as its Hong Kong debut.
The planned listings in Asia is seen as a move to garner support from regional investors for a 20 billion-dollar rights issue to help fund the acquisition of the AIA group from American International Group (AIG).
Prudential said terms of the rights issue would be announced on May 5, allowing investors time to digest them before a vote on it in a general meeting held on May 27.
"I am pleased to confirm that alongside the AIA transaction, plans for our dual primary listing in Hong Kong are on track," Tidjane Thiam, Prudential's group chief executive, said in the statement.
"The two new listings (in Hong Kong and Singapore) will enable investors in Asia to participate in the outstanding growth potential that Prudential offers."
The company said it would keep a primary listing of its shares in London, which "will remain the largest market for our investors".
The Hong Kong and Singapore listings will be done by way of introduction, which means adding trading venues without issuing new shares.
Prudential has agreed to buy AIA for 35.5 billion US dollars in a deal that will make it the insurance sector's biggest-ever takeover.
The buyout would transform Prudential into the world's top non-Chinese insurer by market capitalisation, ahead of major competitors Allianz and AXA.
http://www.bloomberg.com/apps/news?pid=20601208&sid=aBPt9CnHMzpQ
London-listed Prudential said in a statement that it has also applied for a secondary listing in Singapore on the same date as its Hong Kong debut.
The planned listings in Asia is seen as a move to garner support from regional investors for a 20 billion-dollar rights issue to help fund the acquisition of the AIA group from American International Group (AIG).
Prudential said terms of the rights issue would be announced on May 5, allowing investors time to digest them before a vote on it in a general meeting held on May 27.
"I am pleased to confirm that alongside the AIA transaction, plans for our dual primary listing in Hong Kong are on track," Tidjane Thiam, Prudential's group chief executive, said in the statement.
"The two new listings (in Hong Kong and Singapore) will enable investors in Asia to participate in the outstanding growth potential that Prudential offers."
The company said it would keep a primary listing of its shares in London, which "will remain the largest market for our investors".
The Hong Kong and Singapore listings will be done by way of introduction, which means adding trading venues without issuing new shares.
Prudential has agreed to buy AIA for 35.5 billion US dollars in a deal that will make it the insurance sector's biggest-ever takeover.
The buyout would transform Prudential into the world's top non-Chinese insurer by market capitalisation, ahead of major competitors Allianz and AXA.
http://www.bloomberg.com/apps/news?pid=20601208&sid=aBPt9CnHMzpQ
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