GentingHK

GentingHK: Cebu Air, which is arranging a share sale worth as much 32.2bn pesos, said traffic from HK & China has strongly recovered after the Aug 23 hostage crisis in Manila that killed 8 tourists. This may be another reason for the surge in GentingHK shares. We do not discount some foreign houses initiating coverage on GentingHK after the recent outperformance of Genting S’pore. Asian gaming is one industry that does not depend on economic data.