Friday, November 12, 2010

Genting slips at open

KUALA LUMPUR: GENTING BHD [] shares fell at the start of trade on Friday, Nov 12 as it is expected to see lower contribution for 3QFY10 ended Sept 30 from Singapore compared with the preceding quarter.

At 9am, it was the top loser, down 22 sen to RM10.38 with 32,700 shares done. The FBM KLCI opened down 1.3 points to 1,512.4.

Genting Singapore, which operates one of the two casinos, reported slightly lower earnings. Its EBITDA for the third quarter was S$347.6 million, down from S$731.8 million in the three months ended in June.

The Singapore casino reported revenue of S$731.8 million in 3Q, down from S$860.8 million in 2Q.

Genting Singapore, which operates one of the two casinos, reported slightly lower earnings. Its EBITDA for the third quarter was S$347.6 million, down from S$731.8 million in the three months ended in June.

The Singapore casino reported revenue of S$731.8 million in 3Q, down from S$860.8 million in 2Q.


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