SGX : Genting Hong Kong Limited

Was chatting with an old time friend today about some of the counters he's been looking at. Thing is, he's more into long term investing while I'm more into short-term trading. Anyhow, it's always nice to be able to learn more about any good counters.


The past 1-2 weeks have been the weeks for Genting Hong Kong Limited. The share price have rocketed from $0.31 to $0.51 and volume have been at an all time high. As I usually do not like looking at penny stock counters, I must admit I've completely let this one slip off the hook.


So a little bit of digging research done over the weekend yields this :
- Company owns 3 main businesses : Star Cruises - AP, 50% Norwegian Cruise Lines (NCL) and 50% Resort World Manila (RWM).
- The real potential of this company is RWM which is opened only in Aug 2009 and is currently only 55% completed.
- To date, only 200 tables and 1200 slot machines are operational in the casino. RWM has license to operate up to 2000 tables and 7000 slot machines. RWS have 530 tables and 1300 slot machines.
- Total cost of developing RWM is estimated to be US$550mil comparing to RWS initial estimate of S$5.2bil.
- Profit of RWM for last quarter ending June is approx US$10mil. Profit for RWS for last quarter ending June is approx S$390mil.


RWM definitely has the potential to be very successful once they are fully operational if they can fill up the tables. The initial development cost is a fraction compared to RWS and I think RWM have a pretty strong call to break even before RWS does. Genting Hong Kong Limited is definitely a new counter I'm going to monitor. I believe it will not be a penny stock in the near future.

SGX : Neptune Orient Lines (NOL)

Neptune Orient Lines Ltd (NOL)
The latest operational update on 16 August 2010 showed that NOL container shipping volume (FEU) for Period 7 (26 June 2010 - 23 July 2010) increased 18% comparing to same period in 2009. There is actually a decrease in volume gap. The initial periods for 2010 had a larger shipping volume increase when compared to the initial periods of 2009. Perhaps this is a sign of economy growth slowing down. The Average Revenue Per FEU, however increased 39% y-o-y for Period 7 while YTD revenue per FEU increased only 15% y-o-y. This shows an improved core freight rates in the major trade lines.


I felt that NOL has been a lagger in this recovery and this counter has still got more upside potential then others (eg. property and bank counters).


Technical analysis shows that NOL has came down recently from $2.16 to the $1.90+ range. The short-term support level is around the $1.83 mark but there is also a chance on NOL having mild support around $1.87. This counter have not closed below $1.90 yet but I feel a good time to enter is probably when SGX market opens tomorrow.


Entry price : $1.83 - $1.87
Cut loss price : $1.75
Target price : Around $2.15 (will post when the time is nearer)
NOL did not hit entry price on 25/8/2010

SGX : Ezra

Ezra

Ezra has been one of the few oil and gas company that I've like monitoring. Judging from their 3rd quarter financial statement, they seem to be pretty stable. I'm also giving them extra points for having JVs with Keppel Corp.

The share have taken some beating in the past few months dropping from about $2.50 to the current level of around $1.80. Base on the chart, it seems like a decent time to enter this counter. However, looking at the oil and gas industry as a whole, this might take a while to hit a good profit level. Nevertheless, I'll look to enter tomorrow if it opens above $1.82. (Judging from tonight's US market result, there is a high chance of that happening).

Entry price : $1.82 or slightly above

Cut loss price : $1.62 (conservative readers can try $1.74)

Target price : Should be above $2.10 (will post it when the time is nearer)

SGX : Genting Singapore PLC

Genting Singapore PLC

Genting has recently just posted their strong quarter result. Their share price has skyrocketed in the past 2 days. Congratulations for anyone who have bought them before!

I've created this post because many of the people around me are starting to notice Genting now. Seriously now?!? It's too late, the stock has rocketed way beyond my initial target of $1.49. Question is, will it still go up? I wish I have a crystal ball to tell you the answer. I seriously do not know, but since it's way over my target price, I'm taking the profit now. Seems like this counter will be too erratic in the next few days for me to trade. Good luck to whoever's still holding it but I'm out.