Genting Singapore Shares Continue To Drop

Posted: November 6, 2014 in Uncategorized

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Commentary by:  Professional Ground

As reported by Singapore local media, Genting Singapore stocks are performing from bad to worse.

It is expected that its stocks may fall below S$1.00

Professional Ground asssses that such scenarios are probable because of,

~ Genting Sentosa casino still yet to improve on its mass gaming floor efficiency, its Hold % is stagnated.

~ tremendous reduction of China VIP rolling chips business. High rolling of vip table waging is not sustainable.

~ high debt ratio for chip credit facility CCF and non performing collection.

~ Japan? Not a chance even the country goes for deregulation of casino sector for foreign operators. It will be the playing field for American casino operators such as Wynn and LV Sands.

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AS a whole, we don’t think that Genting Singapore is on the recovery path at all. The worse is yet to come, for them.

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