Malaysia Hot Stocks-Genting shares up on Singapore casino - News

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Well Do You Know Your Bird?
Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.
A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

Malaysia Hot Stocks-Genting shares up on Singapore casino

By: AFX | 05 Nov 2009 | 10:56 PM ET

Text Size

KUALA LUMPUR, Nov 6 (Reuters) - Shares of Malaysian gaming group Genting gained on Friday after a top executive said the company is on track to launch a new casino in Singapore by January next year. By 0324 GMT, Genting shares gained 0.98 percent to 7.22 ringgit ($2.12) a share on trading volume of 1.69 million shares. Shares of Genting Malaysia, which houses the group's Malaysian casino and leisure business, added 1.5 percent on volume of 3.47 million shares. The main stock index was up 0.7 percent. Genting's Singapore unit, Genting Singapore is building Resorts World Sentosa, the city-state's second integrated resort. "Construction is going on smoothly. We are targeting to open it by early January 2010," Genting Chairman and CEO Lim Kok Thay told reporters in Kuala Lumpur on Thursday. Resorts World Sentosa is expected to be one of the group's key earnings drivers in the future. In Singapore, shares of Genting Singapore was up 2.86 percent. A January opening will ensure that "Resort World Sentosa can fully capture holiday-makers during next year's Chinese New Year festivities," said analysts at CIMB Research. ($1=3.413 Malaysian Ringgit) (Reporting by Soo Ai Peng; Editing by Julie Goh) ((aipeng.soo@thomsonreuters.com; Reuters Messaging:aipeng.soo.reuters.com@reuters.net; +603 2333 8039)) Keywords: GENTING/ (If you have a comment or query on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Tools: