Showing posts with label Genting. Show all posts

Genting enters Las Vegas with US$350 million land buy for "Resorts World Las Vegas"

KUALA LUMPUR (March 4): Nevada Governor Brian Sandoval today joined Genting Group Bhd chairman KT Lim in Las Vegas in announcing plans for a transformational new development project at Las Vegas Strip, according to a press statement by GENTING BHD.

 In a separate announcement to Bursa Malaysia, Genting said it is entering the Las Vegas market with the purchase of a 87-acre parcel of land and structures on it to create "Resorts World Las Vegas" -- Genting’s first resort in Las Vegas.

 Genting, via its new indirect wholly-owned unit, Genting Assets Inc (Genting Assets), will pay US$350 million to acquire the Echelon site on the Las Vegas Strip corridor from US listed Boyd Gaming Corp. The statement said Resorts World Las Vegas will be a world-class destination resort with 3,500 rooms in the first phase, as well as 175,000 square feet of gaming space across several gaming floors, and several luxury dining and retail amenities.

 The resort will also include convention space for Las Vegas trade shows and over the course of the construction and operation process, Resorts World Las Vegas will bring tens of thousands of jobs to Southern Nevada.

 “Las Vegas is considered the gold standard in the world of gaming, resorts, and entertainment, and this project is an incredible addition to the thriving industries that call Las Vegas and Nevada home. “This is an unparalleled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades,” said Lim in the statement.

 The Genting Group currently has gaming facilities in Malaysia, the Philippines, the United Kingdom, Singapore, Bahamas and the State of New York.



The Edge Daily
Monday, March 04, 2013
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2012 Bursa Malaysia Top 20 by Market Capitalization

2012 Bursa Malaysia Top 20 by Market Capitalization

我相信如果你觉得不好意思,会有不少慈善机构乐于接受你的1分钱 股息1分钱比牛车轮大 云顶新加坡股东不满股息派发


(新加坡25日讯)云顶新加坡股东大会气氛热烈,股东质疑公司为什么只派息1分钱?云顶集团主席林国泰反呛股东“我相信如果你觉得不好意思,会有不少慈善机构乐于接受你的1分钱股息”。
100股东出席
在新加坡挂牌的综合度假胜地云顶新加坡,周二召开股东大会,吸引了超过100名股东出席。一名自称为杜先生的男子,在股东大会上表达了对云顶新加坡建议派发1分钱股息的不满。
杜先生以福建话说,云顶新加坡一定以为1分钱大过牛车轮?对此,云顶集团执行主席林国泰回应说,给予1分钱的股息,并不是什么羞耻的事。
林国泰说:“每股1分钱的股息,相等于派发1亿2000万新元(约2亿9500万令吉)。我相信如果你觉得不好意思,会有不少慈善机构乐于接受你的1分钱股息。”
无期债券是否影响公司
股东也质疑云顶新加坡日前售卖无期债券,虽然筹得23亿新元(约56亿5300万令吉),但却支付5.125%的利率,是否会影响公司的支付能力?
在2个小时的股东大会上,小股东们一个接一个上来提问,问题都离不开为什么云顶新加坡在没有明确投资目标的情况下,还要筹措巨款?
一名年长股东提问,云顶新加坡是否会延迟支付无期债券的利息?
另一位股东则提问,公司宣布派发1分钱股息,导致无期债券的收益高过股票,是否是为了吸引更多人购买无期债券?
林国泰:公司评级最好 
针对股东的疑问,表示云顶新加坡有信心能达履行所有合约。
林国泰强调,股东们不必担心云顶新加坡会毁约,因为云顶新加坡短期内达致的发展,证明云顶新加坡是个可靠的公司。
林国泰表示,云顶新加坡获得投资评级机构的良好评级,“我们是全球博彩公司中获得最好评级的,甚至美国的同业都无法达到这个评级”。
陈启德:有资金才投资
有股东想了解,为何云顶新加坡在没有特定的投资目标的的情况下,要筹那么多的资金?
对此,云顶新加坡总裁陈启德表示,集团在做任何投资前,手头上应该先有资金,才能够进行投资,公司不能边投资,边筹资金。
陈启德说:“假设我要到日本建综合度假胜地,日本政府问的第一句话,我用福建话来说,一定是你‘有钱吗?’”
Thursday, April 26, 2012
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Genting Singapore's shareholder air concerns at AGM

Comments:  Never expect good dividend from Genting group companies, the companies restless seeking to expand on business opportunities oversea. Timing is very important to invest on its companies, you may wait for 3-5 years to see good capital returns. 


From the past history, the major shareholder might gain more benefits from the related party transaction and they always transfer the business between the companies.


I always think the best company should able to balance between shareholder return and expanding business opportunity. With this culture on management mind, I believe the company can be still seen and strong on next 100 years.





"I am sure if you are embarrassed about it, there will be some charity bodies which will be quite happy to receive your one-cent payout."
Genting chairman Lim Kok Thay, on the company's proposed one-cent dividend


Anxious shareholders of casino giant Genting Singapore on Tuesday expressed fears over the firm's ability to service the huge interest payments resulting from a recent $2.3 billion fund-raising exercise.
The move dominated questions from the hundreds of shareholders who turned up at the firm's annual general meeting (AGM) held in the luxurious ballroom in Genting's flagship Resorts World Sentosa.
The firm sold a bond-like instrument known as perpetual shares to raise the funds. It is paying a hefty annual payout or coupon of 5.125 per cent.
One after another shareholders stood up to voice their concerns at the meeting, which lasted for hour.



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《福布斯》全球2000大企业 18马企入榜 马银行领头


(吉隆坡21日讯)美国《福布斯》杂志公布2012年全球2000家大企业排名,亚太地区连续第五年成为上榜公司最多的地区,达733家,而马来西亚则有18家榜上有名。
《福布斯》最新一期全球2000家大企业排行榜,是根据企业的销售额、利润、资产和市值等各种指标综合评定而出。
榜单显示,美国公司仍是榜单的最大赢家,上榜公司达到258家。
日本以145家紧随其后,第三名则是中国,共有136家企业上榜。
值得一提的是,亚太地区上榜企业数量比去年增加32家,总量达到733家,连续5年排名第一,今年这一地区新上榜公司也最多,达到32家。
欧洲与中东及非洲公司有605家上榜,仅次于亚太地区。
大马方面,今年18家公司入榜,比去年少2家,不过,马银行(Maybank,1155,主板金融股)仍是榜中排名最高的大马企业,排名366,去年排名为458名。
紧接着是联昌国际(CIMB,1023,主板金融股),排名493位,也是唯一两家挤进前500名的大马企业。
美企包办前三名
我国最大的种植公司森那美(Sime,4197,主板贸服股)排在第530,华人富商丹斯里郑鸿标领军的大众银行(PbBank,1295,主板金融股)名列651名。
18家入榜的大马企业中,共有8家跻身前1000名。
榜单前三名全被美国公司占据,埃克森美孚公司的综合评分问鼎榜单,将之前连续两年占据冠军的摩根大通赶下第一的宝座,通用电气公司位居第三。
在市值方面,苹果以5460亿美元(1.67兆令吉)高居第一,而去年其市值只有3243亿美元(9939.8亿令吉)。
雇用8300万人
市值的大涨让苹果的综合排名也从去年的第47位蹿升到了第22位。
在2000大企业中,总计营收达36兆美元(110.34兆令吉),上涨幅度达12%,利润达到2.64兆美元(8.09兆令吉),资产和市值分别达到149兆美元(456.7兆令吉)和37兆美元(113.4兆令吉)。
这些公司在全球范围内雇用的员工达到8300万人。
中国拉近美日距离
榜单前十大中有两家中国公司上榜,中国工商银行和中国石油分别位居第5位和第7位。
《福布斯》评论说,中国在大型银行的“引领”下,上榜公司与日俱增,不断拉近与美国和日本的距离。
据了解,中国今年新增15家企业上榜,上榜总数达到136家,居亚太第二、全球第三。
《福布斯》中文网总编周建工表示,中国公司上榜增速如此迅猛,主要是受近年来中国公司IPO数量较多且公司本身发展势头良好影响。
Monday, April 23, 2012
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雲頂和雲頂大馬如何區分


Vincent問:我是一個投資初學者,想問一下我們要怎麼區分雲頂(GENTING,3182,主板貿服組)和雲頂大馬(GENM,4715,主板貿服組)母子公司?這兩家公司業績要怎麼看?如果涉及海外業績,又應該先看哪一家?
答:雲頂是一個綜合性集團,除了為人熟悉的博彩業務,也包含掛牌的雲頂種植(GENP,2291,主板種植組)、產業、電力及油氣業務。
雲頂大馬則以博彩業為主,並不斷將拓展觸角延伸至海外市場,如菲律賓、英國及美國,甚至有意進軍越南及日本市場,惟這些博彩業務也同樣納入雲頂集團之下。
至於雲頂新加坡則是雲頂的子公司,沒有對雲頂大馬作出盈利貢獻。
必須強調的是,兩家公司都涉及海外業務,所以主要仍是以業務類型區分。
近期雲頂在美國的博彩業務相當受矚目,其中紐約皇后水道賽馬場已開始投入營運,下一個據點則是在邁阿密,一般預期佛羅里達州政府將全面開放當地的博彩業務,發放至少3張賭場執照。
不過,最新傳來的消息是,美國佛州眾議院展延對賭場牌照法案的表決,主要是缺乏支持力推進有關議案。
分析員認為,雖然雲頂大馬的30多億美元賭場擴展計劃展延票決,但不意味名勝世界邁阿密賭場的終結,因經過重新起草的法案將於2013年再提呈通過。
聯昌研究說,這消息雖是負面,但不意味賭場牌照全面否決,而是需要更長時間的爭取過程。
馬銀行金英表示,若該法案明年才提呈,吸引力將大打折扣。
興業也認為,儘管計劃斥資38億美元建5千200客房度假酒店,不過賭場法案若不通過,不會對此展延構成任何財務衝擊。
大馬研究認為雲頂大馬將花更多時間發展邁阿密計劃,預計5至10年才完成;若未獲賭場牌照而欲發展此計劃,雲頂大馬多會尋找聯營伙伴。另一家亞洲集團太古地產,後者在邁阿密發展7億美元產業計劃。
迄今,雲頂大馬投資2億3千600萬令吉購置邁阿密先鋒報廠址,另2億零600萬美元購買Omni Center。
“雲頂大馬估計每年需要2億5千萬至3億8千萬美元(7億8千餘萬至11億令吉),這對持有22億至48億淨現金的雲頂大馬不是問題。”(星洲日報/投資致富‧投資問診室)
Thursday, February 16, 2012
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Deal said to be brewing at Genting Plantations


PETALING JAYA: A deal may be brewing at Genting Plantations Bhd , whose stock is just off its all-time high, industry sources said. The shares have risen by some 10.5% year-to-date and closed yesterday up 10 sen, or 1%, at RM9.51. It hit a record high of RM9.65 on Jan 26.

“One can’t rule out a potential sale of the plantations division by the Genting group. “While it is cashflow producing, it isn’t exactly their core business,” a banking source said. But at its current price, Genting Plantations has a market capitalisation of some RM7.18bil, which makes it an expensive acquisition target by any party. It is trading at an estimated price-to-earnings ratio of 16 times for the 2012 financial year, somewhat higher than its peers United Plantations Bhd (12 times), and Sime Darby Bhd (15 times), but cheaper than IOI Corp Bhd ’s 17 times.

Another positive factor for Genting Plantations, an analyst said, was its bustling Johor Premium Outlets (JPO).
The mall, which sells off-season luxury items at a discount, is the only Premium Outlet in South-East Asia, while 58 others are in countries such as the United States, Japan and South Korea. Its stable of brands include Armani, Burberry, Canali, Coach, Ermenegildo Zegna, Guess, Michael Kors, Ralph Lauren and Salvatore Ferragamo.

JPO is a 50:50 joint venture between Genting Plantations, a Genting Bhd subsidiary, and Premium Outlets, the retail outlet division of Simon Property Group Inc. Under the second phase of its development, Genting plans to spend RM100mil to increase the number of stores to 130 from the present 70.
The company is also expected to invest up to RM1bil to develop the area, including constructing a 2,000-room hotel and a water theme park and a meeting, incentive, conference and exhibition centre. Genting Plantations could not be reached for comment.

Meanwhile, its parent Genting slid 16 sen, or 1.6%, to RM10.30. Both Genting and Genting Malaysia Bhd have seen some selldown in their stock after the Florida legislature delayed voting on a bill to expand casino gambling activities in the state till next year.
The decision put a dent in Genting’s plans for its US$3.8bil Resorts World Miami.
Saturday, February 11, 2012
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佛州众院搁置投票 云顶大马赌场计划碰钉


 2012-02-04 17:32
(吉隆坡4日讯)云顶马来西亚(GenM,4715,主板贸服股)迈阿密兴建3家大型赌场的计划,在佛罗里达州众议院碰钉,因佛州众院搁置了相关法案的投票。
已在当地砸下约5亿美元房地产投资的云顶马来西亚则表示,不会就此言弃。
美国佛罗里达州众议员周五(3日)反对在迈阿密兴建赌场的计划,搁置对有关法案的投票,直至本会期为止(将在今年3月初结束)。支持通过赌场法案的迈阿密商会会长巴里约翰森形容,该法案目前犹如“进入了加护病房(ICU)”。“相信该法案在本会期结束、或今夏的任何特别立法会议都难再被提议。看来我们只好展望明年。”无论如何,支持法案的议员依然可尝试未来以修宪方式再度带领法案闯关。
或延至2013年后
云顶马来西亚旗下的迈阿密名胜世界则在得知结果后,也立即发文告表示不会就此放弃在迈阿密开赌场的计划。“集团感激对博彩共识改革作出贡献,及为佛罗里达州创造就业机会付出努力的法案支持者。迈阿密名胜世界将维持对该州的承诺,在南佛罗里达打造世界级的度假村,并继续与州议会及社区努力把此愿景实现。”
早前曾有分析员指出,法案要在参议院和众议院通过,再由州长批准,最快也要到2013年初才会看到博彩委员会的设立。由此看来,在此次的众议院闯关失败后,相信云顶马来西亚要把赌桌搬进迈阿密的进展,可能会拖延至2013年后或更久。
报道:游志民 
Sunday, February 05, 2012
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百億俱樂部半數身家縮水‧馬銀行兔年631億續居冠


 2012-01-21 10:28

(吉隆坡20日訊)全球股市陰晴不定,馬股金兔年未能“兔”飛猛進,“百億俱樂部”半數成員身家出現縮水跡象,但成員數量則從虎年的27家更上一層樓至28家。
成員增至28家
全場漲跌參半,有12個排名往上攀,另10個排名下跌,5個保持不變,新面孔只有阿瑪達(ARMADA,5210,主板貿服組)。
森那美居亞軍
馬來亞銀行(MAYBANK,1155,主板金融組)成功衛冕市價一哥寶座,但身價卻從虎年的639億2千316萬令吉下挫1.28%至631億零 176萬令吉,森那美(SIME,4197,主板貿服組)擺脫醜聞包袱重新出發,從去年的季軍攀上亞軍位置,可惜市值仍縮水2.26%至545億6千 593萬令吉。
聯昌連跌3級
聯昌集團(C I M B,1023,主板金融組)表現遜色,市值萎縮15.16%至528億4千703萬令吉,排名連退兩級至第四,季軍位置由國油化學(PCHEM,5183,主板工業產品組)奪得,市值為534億4千萬令吉。
大眾銀行(PBBANK,1295,主板金融組)延續穩紮穩打特質,市值稍跌0.91%至469億7千461萬令吉,順利保住第五名寶座。
明訊(M A X I S,6012,主板貿服組)連升兩級至第六位,以422億2千500萬令吉榮登電訊一哥寶座,亞通(AXIATA,6888,主板貿服組)維持在第七位不變,市值萎縮0.15%至409億8千零90萬令吉。
雲頂(GENTING,3182,主板貿服組)、IOI集團(IOICORP,1961,主板種植組)和國家能源(TENAGA,5347,主板貿服組)則瓜分其餘10大位置,市值分別為408億零32萬令吉、346億2千153萬令吉和332億8千798萬令吉。
數碼网絡市值漲54.36%
以漲幅計,數碼网絡(DIGI,6947,主板基建計劃組)市值大漲54.36%至305億5千575萬令吉,國油貿易(PETDAG,5681, 主板貿服組)和豐隆銀行(HLBANK,5819,主板金融組)分別起44.98%和41.09%,市值分別達174億8千479萬令吉和208億6千 699萬令吉。
跌幅方面,國際船務(MISC,3816,主板貿服組)跌勢最猛,全年市值萎縮29.07%至262億4千710萬令吉,楊忠禮電力(Y T L P O W R,6742,主板基建計劃組)以20.35%跌幅次之,市值為135億5千零14萬令吉,聯昌集團則以15.16%跌幅名列第三。
(星洲日報/財經)
Tuesday, January 24, 2012
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Genting Plantation: JPO a big hit with bargain shoppers


JPO a big hit with bargain shoppers

ONE month into its opening, Johor Premium Outlets (JPO) - a shopping haven joint-venture project between Malaysia’s Genting group and the US’ Simon Property Group - has been attracting strong crowds, especially during weekends.
 This spells good news not just for Johor’s tourism industry, but also for the development of Iskandar Malaysia.

Iskandar Malaysia, which aims to be the most developed region in the southern peninsular, needs something to get the average Malaysian excited about it and JPO is one of few projects that help provide it, analysts say.“Malaysians are shopaholics, so something like this stirs their adrenaline,” one remarked.

JPO, Southeast Asia’s first premium outlet, located in Kulaijaya, is a project earmarked under the country’s Economic Transformation Programme to boost tourism. It is expected to attract some three million visitors in its first year of operation. About 90 per cent of its Phase One’s 70 branded/designer stores, including Coach, Ferragamo, Burberry, Levis and Guess, are already operational. The rest, which include Polo Ralph Lauren, Tommy Hilfiger and Brooks Brothers, are being fitted out, according to a property research report by HwangDBS Vickers Research on January 16.

“Discounts range from 30 per cent to 60 per cent, a tad better than Singapore sales,” its analysts Yee Mei Hui and Quah He Wei said, noting that the “strong” crowds comprised both locals and Singaporeans. “We believe JPO will likely attract shoppers consistently, particularly from residents within the Johor state as well as visitors from Singapore, given its location that already has captive shoppers of 8.3 million (3.1 million population in Johor and 5.2 million population in Singapore) and ample car park space,” Hong Leong Investment Bank (HLIB) Research said in a recent report.

While JPO’s size may pale in comparison to similar outlets in the US, Japan and Hong Kong, Phase Two of its development could see another 60 outlets come up, bringing the total number of outlets to 130. Future development may also include a 2,000-room hotel and water-theme park. JPO, officially launched by Prime Minister Datuk Seri Najib Razak on December 11 2011, is a 50:50 joint venture between Genting Plantation Bhd’s Azzon Ltd and Premium Outlets, the outlet division of Simon Property Group.

HLIB Research estimated that JPO could contribute some RM11 million a year in net profit to Genting  Plantations, a mid-sized plantations firm, from this year onwards. From an equity investment standpoint, HwangDBS believes that Genting Plantation, which owns 5,500 acres of land in Kulai, could be JPO’s largest beneficiary. “Every RM5 per square feet increase (from RM10 per square foot assumed) would raise its sum of total parts value by 10 per cent,” it said.  It had a “buy” call on the stock with a target price of RM9.60 a share.

Genting Plantations’ stock, which fell by 2.3 per cent last year, last traded at RM9.28 on Friday, up 13 sen.

Business Times Published: 2012/01/23
Monday, January 23, 2012
Posted by Admin

证券行的2011首选股项

金务大最热门 马银行首选股
2011/01/03 4:22:39 PM
●南洋商报


对投资者来说,欲在马股1000家上市公司中,选中心头好股是相当艰难,甚至面对不知该从何下手的情况。

为让投资者掌握市场认为最具潜能的股项,本报整理了过去1个月以来,12家国内外证券行的首选股项,找出2011年的10大明星股。

为了让大家在茫茫股海中,找到指点赚钱的明灯,《财经周刊》特地翻完了12家证券行的报告,包括马投银、丰隆投银、益资利投资研究、达证券行、野村证券行、金英证券、拉昔胡申研究、马兴业投资研究、联昌国际投银、侨丰投资研究、SJ证券行和星展唯高达证券。

在它们的2011年个股推荐中,我们发现,金务大(Gamuda,5398,主板建筑股)是“热门明星股”,共有9家证券行列入该股为首选股。

其次是马银行(Maybank,1155,主板金融股),是8家证券行的首选股,而亚通(Axiata,6888,主板贸服股)和森那美(Sime,4197,主板贸服股)也各有6“票”。

联昌国际云顶5票

紧接是联昌国际(CIMB,1023,主板金融股)和云顶(Genting,3182,主板贸服股),各别获得5“票”入选10大股。

而其他10大股包括亚洲航空(AirAsia,5099,主板贸服股)、肯油企业(Kencana,5122,主板贸服股)、马星集团(MahSing,8583,主板产业股)和莫实得(Bstead,2771,主板种植股),各别以4“票”出线。

现在,让我们一一解剖10大股项,为投资者今年的投资决定提供助力。



股市

适合 :冒险型投资者

好赚指数 :★★★★★

安全指数 :★★

贴心提醒 :注意合并、大选概念股



获推荐10大明星股

公司————票数

金务大———9

马银行———8

亚通————6

森那美———6

联昌国际——5

云顶————5

亚洲航空——4

肯油企业——4

马星集团——4

莫实得———4



各证券行首选股项

证券行————首选股项

马投银————亚航、亚通、联昌国际、金务大、云顶、福胜利、马星集团、首要传媒、国油气体和森那美

丰隆投银———大马投资银行、马银行、兴业资本、莫实得、马电讯、时光网络、马星集团、顺利实业、亚航和安裕资源

益资利投资研究——马银行、国能、云顶、金务大、百盛控股、亚航、沙布拉石油、森那美、IOI集团和双威控股

达证券行——加迪影像、科恩马、马星集团、马银行、莫实得、联昌国际、亚通、全利资源、云顶、IJM、森那美和WCT

野村证券行——联昌国际、马银行、大马投资银行、安联金融、森那美、亚通、云顶马来西亚、实达集团、UEM置地、大马机场、长青纤维板和首要传媒

金英证券——马银行、IJM、金务大、国能、莫实得和速伯玛

拉昔胡申研究——联昌国际、云顶、吉隆甲洞、金务大、大马机场、实达集团、肯油企业、IJM置地、戴乐集团、常成控股、福胜利、TH种植

马兴业投资研究——马银行、森那美、IOI集团、亚通、吉隆甲洞、数码网络、大马投资银行、IJM、金务大、马航、沙布拉石油、肯油企业、戴乐集团、WCT、首要传媒、友尼森、陈顺风、辉百、纳音控股和TH种植

联昌国际投银——艾芬控股、亚通、金务大、肯油企业、马航、马资源、兴业资本、沙布拉石油、森那美和WCT

侨丰投资研究——森那美、马银行、云顶、亚通、金务大、亚航、实达集团、肯油企业、全利资源和柔佛医药保健

SJ证券行——马星集团、高美达、马化国际、世纪通运、多元重工业、TH种植、合成种植、金务大、TRC协作、双威控股和友谊机构

星展唯高达证券——金务大、马银行、莫实得和多元重工业



金务大、马银行、莫实得和多元重工业 证券行首选数目:★★★★★★★★★

竞标140亿捷运隧道工程

吉隆坡捷运系统(MRT)工程的落实进展相当鼓舞,政府宣布该计划将在2011年下半年进行,预计竞标活动和各配套工程将在未来2至6个月发放。

捷运系统计划敲定将于7月中正式启动,预料整项计划耗资360亿令吉,耗时5至6年竣工。

目前,金务大-马矿业联营公司已获政府受委为捷运系统的工程交付合作伙伴(PDP),而金务大已表明将参与总值料达140亿令吉的捷运隧道工程。

竞标成功订单翻倍

因此,一旦金务大在捷运隧道工程竞标成功出线,其订单将轻而易举的翻倍,以及提高未来10年的盈利可见度。

这项工程料在金务大2011财年的盈利,有望提高介于6%至10%,进而激励其股价走势。

此外,金务大也放眼海外工程,其中包括卡达尔总值450亿美元的捷运工程,而招标活动料在2011年进行。

越南产业提高盈利

金务大越南的产业业务,经过展延后,将在2011年正式推出,而这将促使其2011财年的盈利提高至30%。

在收费大道业务方面,白蒲大道(LDP)收费将从2011年初获得调高31%,这可改善其盈利稳定。

证券行指出,金务大是大马最佳的建筑股代表,重新评估该股的催化剂,包括在大马、印度和中东所获颁的工程。

风险主要来自产业领域增长出现放缓,以及各项工程延迟发放,而这将为股价带来压力。



马银行(Maybank,1155,主板金融股)证券行首选数目:★★★★★★★★

海外业务盈利贡献增

家庭消费不断增长,加上政府推出的经济转型执行方案(ETP),料将让马银行从中受惠,潜在贷款总值达1.29兆令吉。

在本地贷款业务方面,马银行在2011财年首季的贷款取得14%强劲增长,印尼贷款增长率更达39%,新加坡贷款业务则增长7%。

展望未来,预计马银行在海外的业务盈利贡献将加速增长,其中,印尼国际银行(BII)的贷款业务料可持续取得强劲增长。

同时,在国家银行预料将在2011年再次展开“正常化”隔夜政策利率水平之下,也将促使马银行的净利息赚幅提高;马银行的来往与储蓄户口存款占总存款37%。



亚通(Axiata,6888,主板贸服股)证券行首选数目:★★★★★★

负债减有派高息潜能

亚通是大马唯一一家业务遍布亚洲市场的上市电讯公司,预料其大马和印尼业务将持续取得强劲增长。

在2011财年,预料集团旗下的XL在营收和盈利皆可强劲增长,而天地通则料在智能手机和宽频需求不断增长下,数据业务可持续增长。

根据数据显示,亚通的数据业务在2009财年的营收贡献已提高至41%,而2008财年只有38%。

展望未来,预料XL在2011至2013财年将是亚通最大的盈利贡献来源,营业贡献料介于45%至48%,而扣除利息、税务、折旧与摊销前盈利前(EBITDA)贡献更是超过50%。

值得关注的是,亚通将开始派发股息,在集团的负债率呈下滑趋势,具有潜能派发高于预期的股息。

该股重新评估催化剂,包括成本节省举措大幅推高赚幅、正面盈利表现以及股息惊喜。



森那美(Sime,4197,主板贸服股)证券行首选数目:★★★★★★

料有系列企业活动

随着原棕油价格前景看俏,以及森那美的股值相当吸引,该集团的展望也倍受看好。

在全球植物油供应出现短缺、原油价格续强劲攀升及美元兑令吉汇率走弱之下,预料将推动原棕油价格走强。

根据森那美管理层指出,原棕油每公吨每变动100令吉,也将导致该集团的盈利变动2亿令吉。每当原棕油价格上涨1令吉,该集团的盈利将扬200万令吉。

此外,一般相信,森那美最糟糕的时期已经过去,而管理层在工程超支事件上已经采取法律行动对付涉及的人士,并且追讨所蒙受的亏损。

然而,该股股价走势依然落后大市,而目前最重要的就是,管理层需要重建大众对该集团的信心。

在未来,不排除该集团将出现一系列的企业活动,包括各核心业务各别上市、产业业务出现并购活动,以及脱售非核心业务。



联昌国际(CIMB,1023,主板金融股)证券行首选数目:★★★★★

净利料破市场预测

在国内生产总值(GDP)持续取得正面增长,以及大马和东南亚庞大的游资下,将可支撑资本市场活动。

一般相信,大马资本市场将持续活跃至2011年,而主要受惠业者将是联昌国际。

在2010年,国内的首次公开售股(IPO)活动显见强劲反弹,在大马交易所上市的公司计有28家,相等于前年的两倍。

除了国油石化的上市计划外,联昌国际也负责香港另一家大型上市活动——友邦保险(AIA),料这两项上市计划可推动该集团的营收和业绩表现。

在2010财年首9个月,联昌国际的净利达市场预测全年的74%,随着该集团负责两大上市计划,预料可突破市场全年预测。

这也意味着,联昌国际在第四季的盈利表现相当可观。

根据管理层指南,2010财年的投资回酬16%目标依然维持不变。

预料国内资本市场首次公开售股活动在明年续强劲,联昌国际将是主要的受惠者。



云顶(Genting,3182,主板贸服股)证券行首选数目:★★★★★

云顶狮城盈利贡献大

在云顶新加坡的业务强劲贡献之下,加上原棕油价格不断攀升,预料云顶在未来两财年的盈利增长将持续获得动力。

在上述两大利好因素下,预计该集团在2011财年的核心盈利可取得40%强劲增长,并在2012财年继续高涨10%。

新加坡赌场业务的市占率扩大,以及计划在Aqueduct推出赌桌(table games),将能提高其赌场盈利。

值得关注的是,云顶新加坡旗下的圣陶沙名胜世界(RWS)盈利表现料超越区域同业。

在未来,云顶的盈利表现将持续由云顶新加坡的贡献推动。

至于在原棕油价格方面,在2010年已飙升35%,一旦在印尼的种植在2012年和2013年成熟,料种植业务的盈利贡献将大幅提高。

此外,云顶也将精简其资产,并且相信管理层将套现其非核心资产,特别是在电力和石油与天然气业务方面,以把资本投资在赌场业务。

云顶是证券行首选股项之一,原因包括该集团在休闲与赌场业务具有强劲的现金流,以及圣陶沙名胜世界的盈利景看俏。



亚航(AirAsia,5099,主板贸服股)证券行首选数目:★★★★

乘客量增盈利看涨

在季节性因素下,亚洲航空的盈利将持续取得强劲表现,而该股的重新评估催化剂包括乘客量以及每名乘客收益提高。

至于另一个重新评估的潜在催化剂,则是来自其联号公司--泰国亚航和印尼亚航的盈利表现超越预期。

值得一提的是,在国民消费不断增长以及令吉兑美元汇率走势持续强劲之下,也预料航空领域能够从中受惠。

此外,预计在第三季上市的泰国亚航和印尼亚航,将为亚航带来额外的价值。

然而,如果上市计划展延,或者任何事故的发生而影响其联号公司的运作,包括经济的恶化,将是该股下掉评级的不利因素。



肯油企业(Kencana,5122,主板贸服股)证券行首选数目:★★★★

力争马印工程合约

在2010年,肯油企业已受惠于大马、越南、印度和澳洲所颁发的各项工程与合约,共获得13项总值10亿令吉的工程。

为此,肯油企业如今的订单,已大幅提高至21亿令吉。

作为大型且有效率的船坞厂,肯油企业已准备就绪争取更多的合约,预料在未来数个月,该公司将取得一些新合约。

同时,肯油企业也放眼,在大马争取总值52亿令吉的工程合约,以及在印度至少获得总之3亿美元(9亿3000万令吉)的合约。



马星(MahSing,8583,主板产业股)证券行首选数目:★★★★

销售额飙升 股价被低估

目前,马星集团在巴生谷、槟城和新山,正进行15项产业项目,并且积极地收购土地,在未来计划推出10项产业项目。

销售额破新高

根据马星集团在近期的销售额,显示该集团专注在黄金地段发展产业项目的措施是可行的。

在2010财年首9个月,马星集团的销售额突破有史以来的新高水平,达11亿6000万令吉,超越2009财年全年的总销售额60%。

在2010财年的销售额大幅飙升,加上未入账的销售额达11亿7600万令吉,该集团的未来盈利可见度也大大改善。

该股的交易价位只有9倍本益比,相信马星集团已严重被低估,该集团推出的产业不仅具创意,更是拥有庞大的低库、派发股息以及良好的盈利可见度。



莫实得(Bstead,2771,主板种植股)证券行首选数目:★★★★

3利好支撑盈利增长

在3大利好因素支撑下,料莫实得在未来的盈利可取得强劲增长,包括:(一)原棕油价格继续攀高;(二)收购发马(Pharma,7081,主板贸服股)所带来的协同效益与盈利贡献;以及(三)第二批的巡逻艇兴建工程贡献。

该股的重新评估催化剂包括:(一)一旦兴建巡逻艇的意向书取得进展,并料在2011年中旬获颁合约下,预计该工程总值可达80亿令吉,进而将加速其2012财年的盈利增长;(二)在政府脱售土地措施下,成功执行产业发展项目。据了解,位于Cochrance路和怡保路的土地,在未来10年的发展总值达160亿至180亿令吉。

值得关注的是,莫实得是官联公司中具有最吸引的估值,以及派发相当不错的股息,其种植业务是该集团的“摇钱树”。

同时,在现金流稳定增长之下,可能促使管理层提高股息派发率,而在2010财年首9个月,股息派发率达100%(每股27仙),超越证券行的预测范围。
Monday, January 03, 2011
Posted by Admin

Genting's Singapore integrated resorts to open Jan 20

KUALA LUMPUR: Singapore’s first integrated resorts -- Resorts World Sentosa - will start its phased opening from Jan 20, 2010, beginning with its four hotels opening on the same day.The chairman of the Genting Group and Resorts World Sentosa Tan Sri Lim Kok Thay said in a statement on Tuesday, Jan 5 that when the Genting Group won the bid to build Resorts World Sentosa in December 2006, it promised Singapore that it would deliver a true integrated resorts that would make Singapore and Singaporeans proud. "We have been single-minded about this – no distractions or excuses - and today, we are happy to say we marked the first milestone towards delivering on that promise," he saidResorts World Sentosa began operations at two of its four hotels on Tuesday, celebrating with a lion dance and ribbon-cutting by the wives of Genting Group’s late founder and its current chairman Puan Sri Lim Goh Tong and Puan Sri Cecilia Lim respectively.Resorts World Sentosa’s chief executive Tan Hee Teck said the phased schedule allowed the Resort and its 10,000 employees to run in operations and deliver the expected guest experience.Resorts World Sentosa’s four hotels - Festive Hotel, Hard Rock Hotel Singapore, Crockfords Tower and Hotel Michael – offer a combined inventory of 1,350 rooms and 10 restaurant outlets at their opening. Another two hotels at the Resort, Equarius Hotel and Spa Villas, will add another 500 rooms when they launch after 2010. Room and restaurant reservations begin at 10am on Monday, Jan 11, 2010 on hotline +65 6577 8899.
"Resorts World Sentosa is working closely with the authorities to obtain approvals for Universal Studios Singapore, which will open next. The opening date for the casino will be announced when it gets notice of its casino licence," it said.
Meanwhile, Reuters reports Genting Singapore would announce the start date for the casino when it receives the licence from Singapore authorities.Singapore legalised casino gambling in 2005 and said it will allow two casino-resorts to be built as part of ambitious plans to double visitor arrivals to 17 million by 2015.The city-state's other casino-resort, Las Vegas Sands' US$5.5 billion Marina Bay Sands, is scheduled to begin its phased opening in April, although many analysts doubt if the firm can meet the target date.Casino operators in Singapore will pay an effective tax of around 12 percent on net revenue from gamblers, giving them an incentive to draw Asian high rollers away from Macau where the tax is just under 40 percent.Reuters said Genting declined to provide estimated start dates for its Singapore casino or Universal Studios theme park, Southeast Asia's first, although a spokesman said testing and commissioning of the various rides had started in early November.The wire report stated a spokeswoman for Singapore's Casino Regulatory Authority had said Genting made an initial submission for a casino licence in October 2009 and the completed application package was received in December. Singapore casino laws are based on regulations in the United States and Australia.


Written by The Edge FinancialDaily
Tuesday, 05 January 2010 19:59
Tuesday, January 05, 2010
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Resorts World @ Sentosa

Singapore's holiday island of Sentosa has beautiful beaches and untouched tropical forest, along with fine restaurants and spas, and entertainments such as a butterfly park, a huge aquarium with dolphin lagoon, a luge track (“part go-cart, part-toboggan, pure excitement”), two state-of-the-art experiential movie theatres, and a great deal more.

But compared with what's to come, you ain't seen nothin' yet! Sentosa is stepping into the world league with the arrival of the Resorts World at Sentosa, which will have now fewer than six hotels, 40 meeting venues, a 15,000-square-metre casino, entertainment that includes Southeast Asia’s first Universal Studios theme park, a sophisticated spa, superb restaurants and stacks of shops.

Resorts World at Sentosa

Resorts World’s owners, Genting International of Malaysia and Star Cruises of Hong Kong, are spending US$5.2 billion on the 49-hectare complex. That’s how serious these people are.

Parts of the complex are already complete and the 1,600-seat Festive Grand plenary hall is being readied to host its first event, a fund-raising concert for the local charity ChildAid. The whole complex is expected to be complete early 2010, employing 10,000 people.

The Hotels at Resorts World Sentosa

Resorts World at Sentosa has no fewer than six hotels and resorts, each cleverly designed with a different kind of holidaymaker in mind.

Resorts World at Sentosa Casino Hotels

Hotel Maxim is ultra-deluxe and suites-only, and sits atop the casino. It will also include private gaming rooms and fine-dining restaurants. For those who enjoy gaming, this is the place to stay.

Hotel Michael has boutique accommodation and is named after the renowned Resorts World architect, Michael Graves. It is equipped entirely with elegant furniture and fittings designed by Graves’ company. There will even be a shop where you can buy Graves-designed items to take home.

Hard Rock Hotel is, as its name suggests, aimed at all those who love piping-hot rock music. This is the place to enjoy the “Rock ’n’ Roll rockstars” lifestyle. Attached to the hotel are the resort’s convention and exhibition facilities.

Festive Hotel, chic and contemporary, is aimed at families. It’s next to the thronging Festive Walk, with its restaurants, shops, nightclubs and non-stop street entertainment.

Equarius Hotel is for those who appreciate nature – just a few steps away is the virgin forest of Sentosa island. It’s also right next to Equarius water park, with its water rides, slides and pools. Ideal for families.

The Spa Villas offer the ultimate beach-side getaway, but without being far from the action when required. Perfect for special holidays, weddings or honeymoons, it offers the best of both worlds – romantic retreat and still close to the buzz of Resort World’s facilities.

Meetings, Incentives,
Conferences & Exhibitions

Who says meetings always have to be serious? In fact, wouldn’t a bit of fun be inspiring? Conducive to great ideas? How about a conference in Waterworld, or a sales meeting surrounded by the excitement of Universal Studios rides?

Resorts World at Sentosa Meetings, Incentives Conferences & Exhibitions

Resort World at Sentosa does have conventional meeting and exhibition facilities, including the vast column-free space of Asia’s largest ballroom and a host of smaller venues. But when it comes to incentive groups or exciting product launches, the only limitation is the organisers’ imaginations.

As Resorts World suggests, “Delegates could wrap up a day of seminars with a wild costume party at Hollywood Boulevard in Universal Studios Singapore, while marketers could throw product launches at WaterWorld – where stuntmen and movie special effects would make a splash, and an impression. Black-tie galas could be held at the resort’s 1,600-seat plenary hall, while VIPs get treated to exclusive dolphin encounter sessions.”

They say dolphins are highly intelligent so who knows? Maybe the next great business idea will be sparked by such an encounter.

Attractions

Resorts World at Sentosa has a cluster of truly world-class attractions to entertain tired business people or vacationing families.

Resorts World at Sentosa Attractions

Universal Studios Singapore This theme park has no fewer than seven themes with 24 rides, all aimed at providing maximum screams and excitement. These include Battlestar Galactica, a high-speed ride with heart-lurching near-collisions as opposing cars sweep past one another. Or there’s Journey to Madagascar, a river rapids ride, or ET Adventure, in which riders fly on bicycles up into the sky. There’s also a spectacular show with dozens of stunt performers and stacks of pyrotechnics, based on the movie Waterworld.

Marine Life Park. This is the world’s largest oceanarium, filled with all kinds of fish right up to the enormous whale shark. And it’s not just for those who want to stay safely detached, looking through the glass at the wonders of the sea; there’s a wading pool for children and adults to get to know the friendly reef fish or, for those who like their excitement to come with rows of very sharp teeth, the opportunity to get in a tank with tiger sharks – and feed them.

Maritime Experiential Theatre. This starts off fairly conventionally with visitors sitting in theatre seats and being “ushered aboard” an Arab sailing vessel heading home after loading up in Asia. But then the weather gets really bad. The theatre seats pitch up and down. There’s worse to come – the vessel sinks! And that’s when the adventure really begins...

Equarius Water Park. Kids – and their parents – will love this place. A surf pool, a stunning water slide that swooshes through the jungle, “Snakes & Ladders”, with water that flows uphill, and much more. For those who prefer to stay dry, there’s also a fascinating tree-top walkway, for an unforgettably unique view of the jungle.

Festive Walk. Anyone who’s been to Las Vegas will have been awestruck by Fremont St and its enormous video “sky”. Fremont St was designed by Jeremy Railton, who is also the genius behind the design of Festive Walk. It’ll have shops, restaurants, bars, nightclubs, and there will be something happening there 24 hours a day – lights, laser shows, fire, water and special effects. Definitely the place to see and be seen.

La Vie. All the best resorts in the world have great theatrical entertainment. In the case of Resorts World it will be La Vie, an extravaganza of great music, brilliant costumes, stunning sets and lighting, and astonishing acrobatic performances. Not to be missed.

Espa. When all the excitement gets a bit too much, Espa is the place to go to relax, to chill, to re-centre. Facing out across the water towards the sunset, the spa offers relaxation therapy, lifestyle coaching, nutrition management, stress management, general health and fitness, post-operative rehabilitation and interactive dolphin therapy.

Monday, November 30, 2009
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Prices for Universal Studios @ Sentosa theme park



UNIVERSAL Studios on Wednesday announced the long-awaited ticket prices for its theme park on Sentosa.
A one-day pass for weekdays will cost $66 for adults, $48 for children and $32 for senior citizens. For weekends, public holidays and eve of public holidays, a day-pass will cost $72, $52 and $36 respectively. For those who want to beat the snaking queues which are expected at theme parks, they can buy an express pass, on top of the regular admission charge. The express pass is $30 for weekdays and non-school holidays, $48 for weekday rates during school holidays, and $68 for weekends and black-out dates. This express pass will give the ticket holder priority access to all the attractions and rides within the theme park. The number of such passes are limited daily.Visitors to the park need pay only one price to get access to 24 attractions, 20 of which will be opened when the park is ready for operations, along with 30 themed restaurants and food carts, as well as another 20 retail shops and kiosks.The theme park is expected to greet its first visitors early next year when the $6.59 billion integrated resort, Resorts World at Sentosa, opens its doors. In the first phase of its opening, it will open the theme park, casino, four hotels, a theatre with an aerial circus show and a half-kilometre strip of restaurants, bars and retail outlets.Rates for three of its hotels were also revealed on Wednesday, with rates at Festive Hotel starting at $400, Hard Rock Hotel rates going at $450 and Hotel Michael rooms going for at least $500.
Wednesday, November 25, 2009
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圣淘沙名胜世界较对手提早开幕 云顶2年财测上调8%

2009/11/24 5:54:55 PM
●南洋商报

(吉隆坡24日讯) 云顶(Genting,3182,主板贸服股)旗下的圣淘沙名胜世界,将比对手滨海湾金沙综合娱乐城提早开幕6周,再加上云顶马来西亚(GenM,4715,主板贸服股)的业务稳健,分析员因此上调2010年至2011年的盈利预测3%到8%。

马银行投资银行指出,该行看好圣淘沙名胜世界较滨海湾金沙综合娱乐城提前开幕6周的事宜,并相信当地顾客在支付2000新元(约4880令吉)的赌场年费后,会成为圣淘沙名胜世界“忠实”顾客。同时,随着经济的复苏,博彩营业额将增加,云顶新加坡将在当地市场占有45%的市占率,从中提高2011年的盈利预测至64%。分析员说:“新加坡的博彩业和澳门类似,狮城的博彩业总值42亿新元(约102亿令吉),身为区域航空枢纽,新加坡将吸引来自东南亚各地的顾客。”

在此情况下,预料新加坡的综合度假村将吸引2600万总游客人数。以马来西亚为例,将近一半的顾客是云顶赌场的长期客户,若引援这项数据用在新加坡的赌场业,每年将有1300万游客光顾新加坡的两家赌场。“再假设每名顾客至少花费300新元(约732令吉)在赌场活动,将有助提高领域营业额至39亿新元(约95亿令吉),新加坡赌场市场规模约为40亿新元(约97.6亿令吉),而云顶新加坡将可分得45%的市占率。” 但是,由于滨海湾金沙综合娱乐城坐落在商业中心,比圣淘沙名胜世界更通行无阻,因此,云顶新加坡的市占率也从先前预测的50%,下滑至目前预测的45%。

有鉴于前景可期,马银行投资银行调高云顶2010年至2011年的盈利预测3%至8%,且预料良好资产表现将有助推动并购计划,让股价交易更接近其实质净资产。

评级上修至守住
此外,云顶新加坡发行附加股的活动,也可推高公司现金至23亿新元(约56亿令吉)。与此同时,马银行投资银行也调高云顶的目标价格至6.80令吉,并认为估值仍不过于昂贵,投资评级从“脱售”上修至“守住”。

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Stock pick : Genting, Mahsing, Bkawan & PBBank

Reasons:
1 Genting : Genting singapore resort will be opeing soon.

2. Mahsing, strong management andbusiness continue to grow

3. Batu Kawan is holding around 45% share of KLK shares (one of the big plantation player in malaysia) which translate to 1 Batu Kawan Share to >1 share of KLK.

4. PBBank: Good dividend and company is still expanding on indo-china opeartion
Thursday, August 13, 2009
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Will Genting sucessfully bid for the 2nd singapore casino license?

Singapore government expect to announce who will win the bid. 6 of 7analyst expect Genting will win the bid
Tuesday, December 05, 2006
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