Home THE DAILY EDGE Business Genting Singapore gains most in 5 months on Universal Studios
Genting Singapore gains most in 5 months on Universal Studios

Tags: Genting Singapore Plc | Universal Studios

Written by Bloomberg   
Friday, 05 March 2010 17:19
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Genting Singapore Plc gained by most in five months after announcing that the Universal Studios theme park at its casino resort in the city-state.
 
Genting advanced 7.1% to 90.5 cents, the most since Sept. 22. The stock has slumped 30% this year, the worst performer on the benchmark Straits Times Index.

“The opening of Universal Studios will boost visitors to the casino,” said Aaron Fischer, an analyst at CLSA Asia-Pacific Markets in Hong Kong. “It’s a major catalyst. I expect Genting Singapore to be profitable this year.”

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Last Updated on Friday, 05 March 2010 17:24