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)
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
A new micro clearfix hack .
-
If you have been reading the mainstream media or the social media, it is likely that you would have heard of SimplyGo - an initiative by the... -
ActiveSG is a national initiative from the Singapore government to encourage all to stay healthy and keeping fit. Membership registration i... -
According to an article from the MSDN , DirectoryInfo.GetFiles() method will give unexpected behaviour on 3-letter extensions. I quote Micr...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.