Initially, I thought shares of Genting Singapore would gain as the gaming group offers to sell its money-losing U.K. operations to Genting Malaysia in a move set to ease pressure on its bottomline. Impairment loss of S$478.1 million relating to U.K. operations is largely responsible for Genting Singapore's 1Q10 S$396.3 million net loss. With the sale, Genting Singapore is now a pure play on Singapore and will not be dragged down by the continued underperformance of the U.K. business. This is supposed to be a positive news for Genting Singapore.
Despite this positive news, Genting Singapore ended lower in today's trade.
I do not hold Genting Singapore shares.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
According to a report in TodayOnline , Temasek-linked firms may post lower dividends this year. Even billionaire Warren Buffett's Berksh...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including one additional station on the North East Line (... -
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Robocopy, short for "Robust File Copy" is an advanced command-line utility included in Windows. It's designed to copy files an...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.