GentingHK: Results slightly below expectations despite turnaround. Reported net profit of US$67.9m from loss of US$21.5m in 2009 on improvements from Star Cruises, NCL and full yr contributions from Resorts World Manila. Occupancy from Star Cruises was lower from 91% to 83% on deployment of Star Pisces in Feb…
…There may be a delay in the IPO of Norwegian Cruise Line from 2011 to 2012 due to higher oil prices and mkt conditions. Go will continue expanding facilities in Resorts World Manila in the yr ahead...
Macq reiterates Outperform with TP US$0.56 highlighting disc to Macau peers. UOBKH dowgrades to sell with TP at US$0.37 from US$0.40 prev. Our in-house maintains Buy at US$0.54
No comments:
Post a Comment