GuocoLeisure

GuocoLeisure: +3% at $0.695, among top actives. Hotel and invmt group with businesses in the UK, US and Asia reported decent 1QFYJun11 results. Revenue +21% yoy to US$102.2m, on better hotel operations and higher gaming wins, boosting net profit by +39% to US$16.7m. Mgt says group still well positioned to meet any uncertainties over the next 12 mths. Stock trades at 0.7x PB, 12.7x PE.