4Q10 likely bountiful. Genting Singapore (GS) is likely to have done well in the final quarter of 2010, the traditional holiday period - it will report its 4Q10 results on 22 Feb. We believe that Resorts World Sentosa (RWS) has the correct offering as it is pitched towards the family and vacation crowd. Indeed, tourist arrival numbers have shot up to 1.127m visitors in Dec, an increase of 15.9% YoY and 17.0% QoQ. And according to RWS, it welcomed some 15m visitors to its integrated resort (IR) since its Feb opening last year; rival Marina Bay Sands (MBS) said it received over 11m visitors since it opened in Apr.
Source
No comments:
Post a Comment