My question:
Why is Genting Share price keep going up for the these few months (May -July 2010)
Zhang Peng Answer:
Genting is divesting its uk casino operations for 688m, but this is a strange as they bought the business in 2006 for 1861m.
Currently, Genting got 3744m current asset, 781m in current liabilities and 4590m in non-current liabilities, but NTV only less than 40cents
1st quarter, there was a lost of 478m in intangible asset value attributable from the lost in uk casino operations. Maybe this is the reason they are selling it
RWS revenue has increased a lot. Everyone is positive that they will make money after selling uk business. That is probably why the price has been increasing. Possibly everyone is queueing up to get special dividend
No comments:
Post a Comment