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InvestFair 2010 was held at Marina Bay Sands......the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm. Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00. The building is still under construction so signs and directions were a problem.
Our session was well attended....the hall was full with standing room only. I thought I would share some interesting questions here:
Genting Singapore
Gabriel originated this question by saying that investors shouldnt trust analyst recommendations given that many analysts who had calld sels on Genting were now calling BUYs....with some citing the "luck" factor as a basis of the recommendation. At current levels, he said that Genting was the most expensive listed casino in Asia.....I take that to mean that its a bit to pricey now....for investors who dont own the stock.
I dont follow the stock directly but have followed Genting Bhd and Resorts World before. I think the main issue with Genting is whether the revenue it reported is sustainable.....when a casino opens and is new, especially in Singapore, our first, there is what I call the novelty effect. We saw this in Sands Macao which recouped its investment costs in nine months. What is more important to me is sustainable revenue and profit and we are likely to only see this in year 2 or 3 when the novelty wears off and also in the face of competition from the region.
Intutively, I agree with Gabriel, that if its the most expensive listed casino in Asia.....the risk reward doesnt favour medium investors entering at these levels. Read more...[caption id="attachment_4224" align="alignright" width="150" caption="Photo by doug88888"][/caption]
InvestFair 2010 was held at Marina Bay Sands......the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm. Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00. The building is still under construction so signs and directions were a problem.
Our session was well attended....the hall was full with standing room only. I thought I would share some interesting questions here:
Genting Singapore
Gabriel originated this question by saying that investors shouldnt trust analyst recommendations given that many analysts who had calld sels on Genting were now calling BUYs....with some citing the "luck" factor as a basis of the recommendation. At current levels, he said that Genting was the most expensive listed casino in Asia.....I take that to mean that its a bit to pricey now....for investors who dont own the stock.
I dont follow the stock directly but have followed Genting Bhd and Resorts World before. I think the main issue with Genting is whether the revenue it reported is sustainable.....when a casino opens and is new, especially in Singapore, our first, there is what I call the novelty effect. We saw this in Sands Macao which recouped its investment costs in nine months. What is more important to me is sustainable revenue and profit and we are likely to only see this in year 2 or 3 when the novelty wears off and also in the face of competition from the region.
Intutively, I agree with Gabriel, that if its the most expensive listed casino in Asia.....the risk reward doesnt favour medium investors entering at these levels. Read more...
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InvestFair 2010 was held at Marina Bay Sands......the YOG made getting their last Saturday a bit difficult for me because the roads were closed and only opend at 1pm. Finding parking at the Convention Centre wasnt difficult especially when your daily rate could be as high as S$30.00. The building is still under construction so signs and directions were a problem.
Our session was well attended....the hall was full with standing room only. I thought I would share some interesting questions here:
Genting Singapore
Gabriel originated this question by saying that investors shouldnt trust analyst recommendations given that many analysts who had calld sels on Genting were now calling BUYs....with some citing the "luck" factor as a basis of the recommendation. At current levels, he said that Genting was the most expensive listed casino in Asia.....I take that to mean that its a bit to pricey now....for investors who dont own the stock.
I dont follow the stock directly but have followed Genting Bhd and Resorts World before. I think the main issue with Genting is whether the revenue it reported is sustainable.....when a casino opens and is new, especially in Singapore, our first, there is what I call the novelty effect. We saw this in Sands Macao which recouped its investment costs in nine months. What is more important to me is sustainable revenue and profit and we are likely to only see this in year 2 or 3 when the novelty wears off and also in the face of competition from the region.
Intutively, I agree with Gabriel, that if its the most expensive listed casino in Asia.....the risk reward doesnt favour medium investors entering at these levels. Read more...
