GENTING-$450 MILLION CB AT 0.95 TOMORROW

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14 years 2 months ago #2899 by winstorn
There is a $450 million CB at 0.95 to be issue tomorrow. That means there is a likelihood of profit taking tomorrow onwards instead of price going up. If you want to buy, do play safe ie to buy at 1.07/1.08 level and get out of position when it reaches 1.20 level. Heavy resistance between the levels of 1.22 to 1.29. Better still if you can buy at 0.95 level. Please do not chase the price especially during the bear period.

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14 years 2 months ago #2900 by JeremySim
Genting is not open for trading this morning. Casino is expect to open on the 12th February 2010. Is there a push factor to increase the level?

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14 years 2 months ago #2901 by ravenkung
Whats is the meaning of CB:dry:

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14 years 2 months ago #2902 by musicwhiz
Insider news? How is it possible that someone knows of a Convertible Bond issue before the news is out on SGXNet? And wow you even know the exercise price is S$0.95 for this CB.....:unsure:

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14 years 2 months ago #2903 by JeremySim
Anyone knows why Genting is not open for trading this morning/today? Avoid from profit taking or awaiting the right time to announce its opening to the public like a quiet Tiger?

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14 years 2 months ago #2904 by winstorn
Equity Preview(SG): Genting (G13:xses) in spotlight today after announcement over the weekend that they have been granted gaming (casino) licence. Note: S$450 million worth of CB issue will be converted 9th Feb tomorrow at a price of 0.95. I post you decide

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