Genting SP: Stunning integrated resort visitor numbers kick-start Year of the Rabbit. Marina Bay Sands (MBS) welcomed 885k visitors (both locals and tourists) from Feb 3 -6. Resorts World Sentosa (RWS) also hit new records with 150k visitors in the first 2 days of the Chinese New Year. This compares with the 60k visitors to RWS within the first 3 days of its opening last yr. Both MBS and RWS declined to provide casino visitor traffic…
The stock however, has corrected 6.4% since the start of this yr. Recent price weakness may be due to murmurs of policy risk in an election year. While technical indicators are now hooking up from oversold levels, yday’s bearish engulfing candle on above avg volume lowers the odds of a strong rebound in the near term.
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