Saturday, February 28, 2009

新加坡股市27日收盘跌至五年多来最低点位

[世华财讯]受投资者的紧张情绪所累,新加坡股市27日收盘跌至五年多来最低点位。




综合外电2月27日报道,因投资者的紧张情绪再度困扰市场,新加坡股市27日收盘下挫。


Saturday, February 21, 2009

增加圣淘沙IR投资额 云顶股价在新马齐跌

吉隆坡讯)云顶(Genting)在新加坡的圣淘沙名胜世界投资额增加6亿新元,将影响到今年的盈利后,股价昨天在吉隆坡股市下跌4仙至3.58令吉。
  
云顶国际(Genting International)前天说,它的综合渡假胜地的投资额将从60亿元增加至65亿9000万元,将对今年的盈利产生重大的冲击。
  
马来亚投资银行在昨天的报告中说,由于环球经济衰退,云顶现在预计来自新加坡项目的内部回收率(internal rate of return),将从之前的15%降低至介于13到14%。
  
马来亚投资银行已将云顶的目标价格从4.80令吉降低到4.30令吉。
  
云顶国际前天说,新加坡的赌场将如期在2010年初开张,至今该项目已发出超过45亿新元的建筑合同。
  
在新加坡上市的云顶国际的股价昨天也下跌半分或1.2%,至42新分。
  
云顶国际第四季持续蒙受净亏,但净亏幅度进一步缩小,归功于英国赌场没有注销减记,这对下周公佈的云顶全年业绩有正面作用。
  
联昌研究指出,英国子公司云顶史坦利去年第四季,没作资产减记是一项正面发展,此公司去年第三季出现1亿零80万新元的一次过商誉减记,扩大母公司云顶国际的净亏损水平。
  
云顶国际尽管去年第四季出现亏损,但分析员认为这不会为母公司云顶的第四季財报,带来一次过减损项目,对云顶的净利表现而言是利好效应。
  
达证券將一些营运收入项目,重新列为云顶核心盈利项目,因此上调2008財政年核心盈利至13亿令吉,较早前为11亿令吉,全年净利作9亿7020万令吉。

Source

Singapore: Genting Narrows Net Loss To $125m

SINGAPORE: Genting International said Thursday (19 Feb) its full-year net loss narrowed to $124.8 million from $381.4 million, but warned that it will be incurring substantial costs for the Resorts World at Sentosa (RWS) development.
It also said the development is expected to have a 'significant impact' on earnings this financial year.
The group assured investors yesterday that financing for the integrated resort (IR) 'is in place' after it obtained a $4 billion credit facility last April.

Genting, which is also the largest casino operator in Britain, saw its revenue fall 14% to $643.8 million.

The company took a hit from its casino operations in Britain, where a slowing economy and a weakening pound against the Singapore dollar took their toll.

The group also experienced lower business volumes due to the global economic slowdown.

The slowdown is likely to have a material impact on disposable income, which will adversely affect its British operations, it said.

The group absorbed $100.8 million in impairment losses on intangible assets, mainly due to the general economic slowdown in Britain and the rest of the world.

Key expenses were also up, with administrative expenses rising 22% to $42.5 million.

Other operating expenses more than doubled from $15.2 million to $32.7 million.

Loss per share was 1.3 cents, down from 5.08 cents, while net asset value stood at 28.41 cents as of 31 Dec, down from 35.29 cents a year earlier.

Genting shares closed at 42.5 cents Thursday ahead of the earnings announcement, down half a cent. It has lost about 34% since a high of 64.5 cents last June.

No dividend was recommended for the year.

Source

Friday, February 20, 2009

Genting International released its FY08 results yesterday

Genting International released its FY08 results yesterday. The group reported a net loss of S$124.8m versus a net loss of S$381.5m in the previous year. Lower earnings were attributed to Genting’s UK casino operations which had been adversely affected by the weaker Pound against the Singapore dollar, as well as lower business volumes.

The company also added that the cost of building a casino in theme park in Singapore has increased to S$6.6bn from S$6bn and will have a significant impact on 2009 earnings. We expect the stock to face downward pressure going forward due to the absence of any near term positive catalysts.

Source

Thursday, February 19, 2009

Resorts World at Sentosa to top out first hotel this month

SINGAPORE: Resorts World at Sentosa will top out its first hotel, Maxims Tower, by the end of this month.

The structural completion of the 11-storey hotel marks yet another major milestone in the development of the integrated resort, which remains on track for a soft opening in the first quarter of 2010.

Maxims Tower will open with three other hotels - Hotel Michael, Festive Hotel and Hard Rock Hotel - as well as the casino, Le Vie Theatre, a 7,300-seat Grand Ballroom, and Universal Studios Singapore.

Installation of ride equipment for the many attractions at Universal Studios Singapore has also begun, with testing and commissioning of the attractions scheduled to begin in October 2009.

Source

Genting to invest more

GENTING International, which is building the Resorts World at Sentosa (RWS), is to invest another $590 million in the integrated resort which is due to open in early 2010.

The extra funds to be pumped in by the company, which is part of Malaysian gaming conglomerate Genting Berhad, will bring its total investment in RWS to $6.59 billion, up from $6 billion, it said in a statement to the Singapore Exchange on Thursday.

Genting said the extra investments were required because of further changes made last year aimed at increasing the appeal of the IR project.

'In the course of the past year, changes have been made to the design and architecture of the integrated resort to substantially improve its entertainment and fun offerings, including enhancements to its casino and Universal Studios Singapore,' said Genting.

'Improvements were made to the quality of interiors as well as foot traffic accessibility to retail and dining outlets.'

The group, which managed to narrow its full-year losses, said it will be incurring substantial costs on the Sentosa IR, and this is expected to have a 'significant impact'on its earnings this financial year.

Capital expenditure before the resort's opening is projected to be less than $6 billion, and hence, the additional investments will be funded by operating cash flows from the IR when it opens.

The group also assured investors that financing for the IR 'is in place', after obtaining a $4 billion credit facility in April last year.

To prepare for the IR's opening in 2010, the group 'will be incurring significant pre-opening costs as it accelerates its human resource recruitment, training and sales and marketing programmes for the integrated resort', it added.

As at the end of last year, RWS has awarded and committed more than $4.5 billion of the $6.59 billion project costs.

The resort will feature four hotels, a 7,300-seat ballroom, as well as the first Universal Studios in South-east Asia.

Genting, also the largest casino operator, reported a full-year net loss of $124.8 million, 67 per cent lower than the $381.45 million of losses chalked up in 2007.

Revenue slipped 14 per cent to $643.8 million, down from $751.65 million in 2007, mainly due to lower revenue from the group's casino operations in Britain on the back of a weakening pound against the Singapore dollar.

Source

圣淘沙名胜世界追加近6亿元预算

预计在明年第一季开放部分设施的圣淘沙名胜世界,为了进一步完善建筑设计和增添设施,决定增加投资预算,使它的预算从原来的60亿元,增加到65亿9000万元。
  
圣淘沙名胜世界总裁陈启德,昨天通过越洋电话接受区域媒体访问时指出,增加投资预算主要是为了增添设施,不完全是因为建筑成本增加。
  
他指出,新添的投资主要花费在资助设在圣淘沙名胜世界前的单轨列车站、改善度假胜地内的行人设施以及增添度假胜地内环球影城的节目内容。
  
他透露,工程在2007年4月启动以来,建筑材料成本确实提高不少,以钢铁为例,2007年每公吨为800元,去年增加至每公吨1800元。

近来建筑费用调低不少
  
另一方面,受金融危机影响,近月建筑费用调低不少。他表示,建筑费用降低的工程,主要是过去两个月发出的建筑合同。
  
截至去年12月底为止,圣淘沙名胜世界已发出总值45亿元的建筑合同。目前,它已发出约七成的建筑合同。
  
圣淘沙名胜世界的文告说,新增的5亿9000万元投资将以明年营业后所获得的流动资金支付。去年4月,它取得40亿元的贷款;在开业时,估计资本开支将少于60亿元。
  
陈启德表示,虽然经济衰退促使近月入境游客人数持续减少,但相信这不会对圣淘沙名胜世界造成太大的影响。

他认为区域旅客将减少长途旅游,改作短程旅行,因此有信心圣淘沙名胜世界一旦开放,就能吸引区域旅客,特别是来自上海、广州的中国游客。至于本地游客,他相信也会慕名而来。
  
本月底,该度假胜地内的第一家旅馆“美星豪华酒店”将完成主要的建筑架构工程。这座11层楼高的豪华酒店预订明年第一季,随其他设施如赌场、Le Vie剧院、拥有7600个座席的大宴会厅、新加坡环球影城及另外三家酒店一同开放,迎接首批到访的游客。
  
圣淘沙名胜世界为上市公司云顶国际间接拥有的独资子公司。
  
云顶国际截至去年底的全年亏损,减少了67%,共为1亿2480万元。
  
集团营收减少14%,共为6亿4383万元,税前亏损减少65%,共为1亿4847万元。每股亏损1.38分,净资产值28.41分。

Source

新科电子再获圣淘沙名胜世界680万元合同

新科工程(ST Engineering)旗下的新科电子(ST Electronics)再获圣淘沙名胜世界有关提供一个综合保安系统、一个资讯科技基础设施系统,以及一个停车场指引和付款系统合同。
  

新合同价值680万元,加上去年12月所获得的另一相关合同,公司已共获得圣淘沙名胜世界总值9280万元的合同。



Source

Tuesday, February 17, 2009

China may raise tax on imports of refined zinc

HONG KONG/SINGAPORE, Feb 17 (Reuters) - China may raise a tax on imports of refined zinc to 5 percent from 3 percent, smelter officials and traders said on Tuesday, a move that may be bearish for prices and put it at loggerheads with its trading partners.

The duties, which smelter officials say are intended to support domestic smelters and allow them to benefit from restocking by China's State Reserves Bureau, could be a sign that Beijing is toning down its policies to open up trade and limit the headlong expansion of the metals sector.

"The Chinese government seems to be changing policy towards metals, away from encouraging cutbacks to one where it wants to maintain production and preserve employment," said Gayle Berry, an analyst at Barclay Capital in London.

"That's bearish for metals -- China needs to cut production and these new policies are not good news for prices."

She said the tax changes, which may go into force as early as March, may even misfire and create an even bigger headache for smelters in the longer term.

Beijing is also expected to reinstate a 5 percent tax on imports of primary aluminium that it had cancelled two years ago from March 1 to support aluminium smelters. [ID:nHKG242414]

Zinc prices in China, the world's top producer of the metal, have stayed higher than the cost of imports after the SRB bought 59,000 tonnes of refined zinc from seven smelters last month as part of Beijing's plan to support smelters at a time of anaemic demand.

The SRB had also bought 290,000 tonnes of aluminium from eight smelters in December, boosting domestic prices.

"China only imports a tiny amount of aluminium. The tax will support Shanghai Futures Exchange prices, but that will also encourage smelters to restart production," Berry said.

Trade data on Tuesday showed China imported about 25,000 tonnes of unwrought aluminium in January, just 2.5 percent of the country's output of over 1 million tonnes a month.

Berry estimated that higher aluminium prices in Shanghai since the start of the year may have encouraged a million tonnes of idled or new capacity to be fired up.

"There is a low probability that these (moves) will go through. Chinese imports and exports have dropped significantly and with volumes at these levels, it would be difficult for the government to impose new taxes," said Wan Ling, an aluminium analyst at CRU.

"PROTECTIONISM" CHARGE

Traders said the proposal could leave China open to accusations of protectionism, especially after it lambasted the United States for a "Buy American" clause in the $787 billion plan to jump-start the world's biggest economy passed on Friday.

"China is big but it is part of the global market," a trader at an international trading house said.
"The Chinese started complaining of U.S. protectionism. If they start increasing import duties on everything, there's going to be a trade war."

China's official Xinhua news agency has slammed the "Buy American" requirement of the U.S. economic stimulus package, saying in a commentary that trade protectionism is a "poison" that will harm poor countries. [ID:nPEK84246]

"History and economic theory show that in facing a financial crisis, trade protectionism is not a way out, but rather could become just the poison that worsens global economic hardships," Xinhua said, in response to the passing of the U.S. plan.

William Adams, an analyst at BaseMetals.com, reckons China's actions aren't really protectionism.

"The SRB is buying metals to support domestic smelters. That is their aim rather than to make money for smelters in other countries. The problem is that if they keep domestic prices up even if they maintain the barriers, metal will continue to flow in."

Source

Tuesday, February 10, 2009

应付未来激增客流量 圣淘沙岛将兴建缆道系统

发展集团探讨在圣淘沙岛内兴建缆道系统,应付未来岛上激增的客流量。
  

这是继本报较早前独家报道的自动走道(travellator)建造工程后,另一个改善圣淘沙岛上交通的计划。
  

该集团日前公开招标,邀请承包商就圣淘沙缆道系统(Sentosa Cableway)的设计与建造计划,提供全面的咨询服务,包括研究整个系统的建筑、土木与结构设计、机械与电子工程及建筑工料估算等。
  

有关咨询也包括研究不同建筑部件,如塔架、车站和维修站的发展和采购工作。
  

招标工作分两个阶段进行,只有获选进入第二阶段的顾问公司才可参与投标。参与者需有至少10年的建筑发展工程咨询与管理经验,以及曾负责过至少五项建筑费各超过3000万元的工程。
  

有关招标将在本月10日截止。圣淘沙集团受询时不愿进一步透露详情,但据可靠消息透露,这个新的缆道系统并非是要取代现有衔接新加坡本岛和圣淘沙的缆车服务。它将建在岛内,主要是要应付圣淘沙岛上日益繁忙的客流量,把路面上的部分交通量转移到“空中”。
  

探讨中的其中一个缆车站可能设在综合度假胜地名胜世界外,较靠近高尔夫球场那一端。另一头可能设在西乐索炮台(Fort Siloso)附近。长远的计划不排除把缆道进一步连接到本岛的可能性。
  

本报去年底曾报道,圣淘沙集团计划在今年中,动工兴建跨海的木板走道(boardwalk)来连接怡丰城(VivoCity)和圣淘沙岛,为游客提供多一个登岛的管道。
  

新木板走道将建在现有圣淘沙汽车大桥旁,上面将装置类似樟宜机场内的电动走道,走累了的游客可站着被送上岛。走道沿途也会设零售和小吃店,让游客在有遮荫设施的木板走道上一边享用美食和购物,一边轻松漫步到岛上。
  

目前圣淘沙岛上汽车和巴士车流量相当繁忙,相信在明年初名胜世界启用后,交通情况更紧张,因此当局正积极探讨如何改善岛上的路面交通。
  

圣淘沙每年的游人多达620万人次,名胜世界综合度假胜地建成后,游人会倍增,预计到了2015年登岛游客将增至1500万人次。
  

目前约三成的游人是使用圣淘沙捷运系统(Sentosa Express)登岛,开车入岛的游客不到25%,另外20%乘坐缆车,其余则搭乘圣淘沙短程巴士和游览巴士。
  

据了解,当局担心在名胜世界启用后,乘客量日益攀高,捷运系统恐怕不胜负荷,无法应付日后的需求,因此探讨增设多一个交通管道。
  

缆道服务究竟如何运作,目前还不具体,但受访的旅游业者认为,如果是缆车的话,行驶速度一般较缓慢,纯粹作为另一个交通工具,恐怕无法有效舒缓人潮。全国旅行社协会(NATAS)总裁邱武侯受访时说:“假如它的车厢比较大或有别于现有的系统,又或者建设缆车的用意是要让游客从高空观光游览圣淘沙,那就另当别论。”  
  

他认为,增设自动走道是个较为有效的交通模式,“若自动走道可运送大批游人入岛,旅游巴士就不用上岛,可在怡丰城让游客下车,游人登岛后可改用其他交通工具,这么一来,就可减少岛上旅游巴士的数量”。
  

邱武侯也认为,有了自动走道后,当局应考虑限制人们开车上岛,“或许可在本岛设较多停车处,让游人把车子停放在本岛,然后使用自动走道登岛”。
  

全国旅协入境旅游主席陈绍棠表示:“目前还不清楚缆车的具体设计,难以评论它的用处,现在捷运系统主要是直线贯穿圣淘沙岛,若建缆车的话,可能是要把交通设备向‘横’发展,照顾岛上各个景点的交通需求。”
  

他建议当局提升捷运系统,进一步提高车厢的载客量,以应付日益增加的需求。
  

另外,当局据说也正探讨把现有的短程巴士服务扩展到市区,以方便游客直接从乌节路和滨海湾一带乘坐巴士到圣淘沙。目前这类橙色短程巴士仅从港湾巴士转换站出发。
  

圣淘沙集团也探讨延长短程巴士的川行时间,考虑24小时运作,方便留宿游客进出圣淘沙。



Source

Saturday, January 31, 2009

台湾赌博合法化 有利云顶探讨扩充

(吉隆坡28日讯)台湾决定将赌博合法化可能为云顶有限公司(GENTING,3182,主板贸易服务组)带来商机将赌场业务扩充至该岛屿,但是分析师说在短期内,云顶集团将专注于新加坡的综合休闲胜地发展计划。

马银投资银行证券投资研究的分析师说,由于细节简略,目前评述云顶集团进军台湾市场仍然是言之过早。首先,台湾还没有决定将发出的赌场执照数目,虽然一些媒体报导说将会有2或3张。

他对The Edge金融日报说:“在短期内,云顶将更侧重它在新加坡所综合休闲胜地发展计划。此外,马来西亚仍然是云顶的市场催化剂。”

在激励经济的决策下,台湾在1月12日通过一项法案,允许在离岸岛屿的彭湖,金门以及马祖县兴建赌场。

国内一家投私研究所的分析师说,开放台湾市场对云顶集团大致上有利,因为将有更多扩充商机。但是,她说推行任何赌场计划之前,首先须耗时在偏远离岸岛屿兴建必要基建设施。

她说:“与专注重要大人物市场的澳门不同,台湾的赌博市场可能是专主国内以及来自中国的赌客。中国市场仍然有强大潜能待开发,因此云顶可能有意开拓台湾市场。”

与此同时,附属国内一家银行的研究所分析师表示关注的是,台湾拥有本身的赌场后,中国对入境澳门的签政限制也可能实施于台湾。

她说在这情况下,台湾将兴建的任何赌场收益可能主要来自国内市场。如果有3家赌场,台湾市场可能不够大以及竞争将激烈。由去年6月开始,中国限制它的人民每3个月只能前往澳门1次,之前是每个月2次。

她补充说:“我不能肯定云顶是否有意竞标在台湾的赌场执照。但是如果竞标,将是在名胜世界有限公司(RESORTS,4715,主板贸易服务组)名义下,因为后者有大量现金。”

Source

Friday, January 30, 2009

RWS project on track

PETALING JAYA - RESORTS World at Sentosa (RWS), built at a cost of S$6 billion by Genting, is on track for opening early next year despite the global financial crisis.

According to Resorts World at Sentosa assistant vice-president Robin Goh, the economic downturn has not affected the progress of construction works.

He said RWS would be the only casino resort in the world with two world-class attractions - South-East Asia's only Universal Studios theme park and Marine Life Park, the world's largest oceanarium.

'No other casino offers such a strong, integrated one-stop proposition which will be highly attractive to family travel, a substantial segment in the region.

'We believe that Resorts World's proposition as a complete destination is its key differentiation from Macau, which is still very skewed towards gaming,' he told StarBiz.

On worries that the poor performance of casinos in Macau would affect Singapore's latest resort, Mr Goh said (RWS) would 'bring to the table what Macau does not already have.'

'Macau only has casinos and big hotels whereas RWS will be home to some of the world's leading attractions, including the Universal Studios theme park which will occupy almost half of the resort,' he said.

He said the theme park would feature 24 movie-themed rides, 18 of which were designed exclusively for Singapore.

'Among them is the world's tallest pair of duelling roller coasters, the 'Transformers' ride and hot favourites given a new twist, such as Revenge of the Mummy, Jurassic Park River Rapids and the Waterworld Stunt Show,' he said.

Based on the blockbuster movie, 'Transformers' ride was the world's first and was scheduled to debut at Universal Studios Singapore and later at Universal Studios, Hollywood, both in 2011.
RWS will also be home to Mark Burnett Productions Asia, which will set up studios facilities where game shows will be filmed.

The 49-ha resort will also feature a FestiveWalk, Marine Life Park and Maritime Xperiential Museum.

'Marine Life Park - sited on 8ha and filled with 20 million gallons of water - will be the largest oceanarium in the world,' Mr Goh said, adding there would be over 700,000 marine creatures and opportunities to hand-feed tiger sharks from an enclosed cage.

Just a 20-minute ride from Changi airport, RWS will also be able to host over 12,000 delegates in three formal meeting locations at any one time.

'We would be able to do something which has never done before in the region. We propose to bring delegates on rides and show them what goes on behind the scenes. So people will get to see the magic behind how we scare people,' Mr Goh said.

The resort is expected to welcome 15 million visitors in the first year of operations.

Mr Goh said a S$4 billion credit facility to fund the project was secured last April.

It was one of the largest syndicated credit deals undertaken in Singapore and was completed in less than four months, he said.

Underwritten by five local and international banks, the successful and swift process of securing the credit facility reflects the support and vote of confidence that the banks and financial institutions have in RWS,' Mr Goh added.

He said the company had awarded most of the major construction contracts for the resort.

'To date, we have awarded S$3 billion worth of contracts, including those for Universal Studios, four hotels, the casino, and FestiveWalk,' he said.

Mr Goh said that the Malaysian market remained one of RWS's top priority markets.

'We are reviewing our pricing and packages, taking into account the price-sensitivity of the market and the current economic situation,' he said.

The rates and packages would be revealed later in the year, he added.

Source

Star Cruises closes UK representation office

Star Cruises has closed its UK representation office with the loss of three staff.

Michael Dupont, assistant vice president of sales for Europe, is among the three redunandancies.

He has led the Star Cruises sales and marketing function in Europe for more than 12 years, driving the brand into new international markets, including the first Star Cruises ship to be based outside Australasia in summer 2006 when the cruise line offered Malta-based Mediterranean cruises. Prior to this, Dupont worked for Royal Caribbean.

Star Cruises says it will continue to offer its Singapore-based ship the SuperStar Virgo for sale through travel agents in the UK and Ireland. Information on rates, product and sales support will be offered from the cruise line's Asia-based offices.

Star Cruises' parent company Malaysia-owned Genting Group owns half of Norwegian Cruise Line.

Agents selling Star Cruises should redirect any queries to reservations@starcruises.com or for product support contact Joyce Toh on cctoh@starcruises.com, or for sales and marketing, Braydon Holland on bholland@starcruises.com.

Source

Thursday, January 29, 2009

Still early for Genting to look at Taiwan, say analysts

KUALA LUMPUR: Taiwan's move to legalise gambling may present an opportunity for Genting Bhd to expand its gaming business to the island, analysts said, but the Genting group would likely focus on its integrated resort (IR) development in Singapore in the short term.

An analyst at Aseambankers Equity Research said it was "still early days" to comment on the viability of the Taiwan market to the Genting group, as details were sketchy. For one, Taiwan has not decided on the number of casino licences to award, although some media reported that there would be "two or three".

"In the short term, Genting would be more concerned with its IR project in Singapore. In addition, Malaysia is still a catalyst market for Genting," he told The Edge Financial Daily .
In a move to spur its economy, Taiwan on Jan 12 passed a bill to allow the construction of casinos on its offshore islands of Penghu, Kinmen and Matsu counties.

An analyst at a local research house said the opening of the Taiwan market was generally positive to the Genting group in view of more expansion opportunities.

However, she said it would take time to build the necessary infrastructure on the remote islands before any casino project could take off.

"They need to improve the accessibility of those islands and build the infrastructure first, and this takes time.

"Unlike Macau, which eyes the VIP market, Taiwan's gaming market will likely tap the masses domestically and in mainland China. There are still a lot of untapped markets in mainland China, so Genting may want to explore Taiwan," she said.

Meanwhile, an analyst at a local bank-backed research house is concerned that China's visa restriction on Macau may also apply to Taiwan when the latter have its own casinos.

If that is the case, any casino to be built in Taiwan would likely see revenue coming mainly from the domestic market.

"If there are three casinos, Taiwan may not be big enough and competition will be stiff," she said. China mainlanders are restricted to one Macau visit every three months beginning June last year, compared with twice a month previously.

"I am not sure if Genting is interested in bidding for a casino licence in Taiwan. But if they were to bid for it, it would be under Resorts (World Bhd), because Resorts has a lot of cash," she added.

Source

Tuesday, January 20, 2009

城贸控股手上订单 总值5200万元

尽管我国及区域经济持续衰退,城贸控股(Cityneon)手中的订单额依然强劲,在2009年到2012年之间的订单总值为5200万元,同时计划继续招聘人手,把本地员工人数增至140人。
  
集团表示,目前的订单包括:为云顶国际在圣淘沙名胜世界(Resorts World)的环球影城(Universal Studio)中建造三个景点。与此同时,集团也为阿曼(Oman)旅游局建造展览摊位,作为举办一个为期三年的国际路演。另一方面,集团与新加坡一级方程式大赛车(F1)主办单位所签、为期五年630万元的家具供应及装修合约也进入第二年。

Source

Firm order book for Star’s Cityneon

SINGAPORE: Cityneon Holdings Ltd, 63% owned by Star Publications (M) Bhd, has reported a firm order book for 2009 and beyond despite the economic downturn in Singapore and the region.

In a statement yesterday, Cityneon said its order book for 2009 to 2012 stood at S$52mil (RM124.62mil) to date. The contracts included a S$35mil (RM83.85mil) deal to build three attractions at Universal Studios being built by the Genting group on Sentosa Island, as well as exhibition booths and other on-site installations to support a three-year international roadshow by the Oman Tourism Authority.

Group managing director Ko Chee Wah said the group was heartened that it managed to secure the amount at the start of a new year in such difficult market conditions.

“We hope to sign more deals in the coming weeks and months,” he said.

Cityneon is in the second year of a five-year S$6.2mil (RM14.85mil) contract to supply ground and furniture fit-out for Singapore’s F1 race in September. Last year, it provided the furniture for the F1 hospitality suites, media centre and public areas.

It will also be constructing booths for exhibitors at the CommunicAsia & Broadcast Asia show in September, and the grandstand at this year’s Chingay Parade.

“We are glad that we took steps in recent years to diversify into new markets and new services.
“This has helped us sustain momentum in a year when economies around the world are seeing a massive contraction in demand from consumers and businesses,” Ko said.

In line with its bigger order book, Cityneon will be hiring more staff this year after having recruited 27 designers, event managers, marketing and account servicing executives last year.

Cityneon, which is due to report its full-year results in February, plans to expand its current staff strength of 140 in Singapore.

Source

Friday, January 16, 2009

GPI Wins Large RFID Orders From Two New Asian Casinos

New Macau and Philippine Casinos choose GPI's RFID technology for Casino Currency Control(R) security, tracking and verification at gaming tables

LAS VEGAS, Jan. 16 /PRNewswire-FirstCall/ -- Gaming Partners International Corporation (Nasdaq: GPIC) ("GPI"), a leading provider of casino currency and table game equipment worldwide, announced today that it has secured two substantial orders to supply casino chips and RFID technology to two casinos, one in Macau and the other in the Philippines, each due to open in the middle of 2009. The total amount of the two orders exceeds $8 million with RFID chips accounting for approximately 80% of the total.

City of Dreams in Macau, a Melco PBL Entertainment property, scheduled to open in the second quarter with 550 gaming tables when completed, has chosen GPI to provide high-frequency RFID Bourgogne & Grasset(R) plaques. GPI has also been providing Melco PBL properties Crown Macau and Crown Melbourne with RFID Casino Currency Control(R) solutions since 2007. This new order maintains GPI's dominance in the Macau casino currency control market.

Newport City in Manila, Philippines, a development of Star Cruises, a division of the Genting Bhd subsidiary Resorts World, in association with a local company Alliance Global Group, will include a casino with 450 tables scheduled to open by the middle of this year.

Newport City has chosen GPI to supply low-frequency RFID Bourgogne & Grasset, gaming chips, jetons, plaques and readers for Casino Currency Control solutions. Through its French subsidiary GPI SAS, GPI is a long-time supplier to the Philippines market. The company has been providing chips, jetons and plaques to all Philippine Amusement and Gaming Corporation casinos for more than 30 years. Recent orders include supplying Eastern Hawaii and Sun City casinos in the Cagayan Freeport zone with RFID chips and jetons.

GPI's RFID (radio frequency identification device) Casino Currency Control technology available in low or high frequency (Brands: Bourgogne & Grasset, Bud Jones, and Paulson(R)) allows casinos to verify the authenticity and value of each chip, plaque and jeton almost instantly, which reduces the possibility of counterfeits, staff pilferage or errors in casino currency counts.

This RFID technology enables casinos to track individual chips, plaques or jetons throughout the gaming floor and, with specialized readers and software, follow payments, fills and credits, table drops, tips, and win and losses per table at any time of the day. GPI's high-frequency RFID chips are compatible with special player tracking hardware and software that allow for accurate tracking of play data from tables so casinos can follow player bets and accurately rate and reward players.

"We are thrilled to have secured such substantial orders for these two exciting new Asian casinos," said Christophe Leparoux, International Director of Sales and Marketing for GPI's subsidiary in France. "The acceptance of GPI's RFID technology in Macau casinos is exceptional and the growth of RFID implementation in casinos in the Philippines and more broadly Asia has been on the increase."

Gerard P. Charlier, President and Chief Executive Officer of GPI commented, "The continued confidence in GPI and our RFID products by our leading customers all over the world and particularly in Asia is extremely encouraging as we strive to provide creative casino currency tracking solutions to meet the specific needs of our valued clients and their players. These orders also significantly strengthen our backlog for a positive start for 2009."

About Gaming Partners International Corporation

GPIC manufactures and supplies (under the brand names of Paulson(R), Bourgogne et Grasset(R) and Bud Jones(R)) casino chips including plaques and jetons and low frequency and high frequency RFID chips, low and high frequency RFID readers, table layouts, playing cards, dice, gaming furniture, roulette wheels, table accessories, and other products that are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. GPIC is headquartered in Las Vegas, Nevada, with offices in Beaune, France; San Luis Rio Colorado, Mexico; Atlantic City, New Jersey; and Gulfport, Mississippi. GPIC sells its casino products directly to licensed casinos throughout the world. For additional information about GPIC, visit our web site at http://www.gpigaming.com.

Safe Harbor Statement

This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties, such as statements relating to anticipated future sales or the timing thereof, the long-term growth and prospects of our business or any jurisdiction, including Macau, unfavorable economic conditions which may reduce our product sales, and the long term potential of the RFID gaming chips market and the ability of Gaming Partners International to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. Gaming Partners International's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing and its ability to consummate, acquisitions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond its control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.

Source

Thursday, January 15, 2009

佳晟获1207万元合同

佳晟控股(Chasen Holdings)的子公司Hup Lian工程分别从金明创新(Kingsmen Creatives)、圣淘沙名胜世界以及M+W Zander(新)私人有限公司争取到合同,总值1207万元。

它说,金明创新的合同涉及结构工程设计,而圣淘沙名胜世界的合同涉及为环球影城(Universal Studios)供应和安装结构钢铁工程预件(fabrication),总值672万元。M+W Zander的合同则是为对方的本地最大太阳能厂设计、供应和安装结构钢管、连桥和钢梯的预件,总值537万元。
  
这些工程项目预料今年10月完工。随着争取到这些合同,Hup Lian工程如今的订单总额大约是2100万元。有关合同预料不会对截至3月底的公司年度每股盈利和净有形资产带来任何冲击。

Source

New bridge linking mainland S'pore to Sentosa to open later this year

SINGAPORE: A new bridge linking mainland Singapore to Resorts World at Sentosa is expected to open later this year. Resorts World said it should receive traffic ahead of its grand opening.

The 710-metre bridge is expected to serve some 15 million visitors a year once the resort is fully operational. After completion, the traffic flow to Sentosa will be realigned.

The three lanes are capable of handling some 6,000 vehicles per hour. But the infrastructure also has a dual purpose.

Under the bridge, it carries utility pipes for power, telecommunications lines and fresh water.

Source