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SINGAPORE, Jan 24 - Macquarie has initiated coverage of Singapore-listed Genting Hong Kong , which operates cruise ships, with an "outperform" rating and a target price of $0.60.
STATEMENT:
Macquarie said Genting Hong Kong offers "rare exposure" to Asia's land and cruise gaming business, and three of its four ships in the region cater to casino consumers.
"Genting Hong Kong is an undercovered, yet liquid stock, exposed to the Asian gaming theme and a growing U.S. tourism market," Macquarie said in a report.
It also noted that a possible foray into Sri Lanka's gaming sector and an initial public offering of Norwegian Cruise Line, which Genting owns 50 percent of, could be potential share price catalysts.
At 0318 GMT, shares of Genting were up 2.1 percent at $0.48, and have risen 6.7 percent so far this year.

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structured settlement cash said... @ March 10, 2012 at 6:31 PM

SINGAPORE, Jan 24 - Macquarie has initiated coverage of Singapore-listed Genting Hong Kong , which operates cruise ships, with an "outperform" rating and a target price of $0.60. STATEMENT: Macquarie said Genting Hong Kong offers

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