Genting SP: Analysts from a Dow Jones Poll, expected grp to report 1Q11 EBITDA +13% QoQ and +300% YoY to $437m on a strong performance over the Lunar New Year holiday. But 1Q10 provided a low base as the company was progressively opening its main attractions--hotels, casino and theme park during the period….
UOB KayHian note that the casino operator is likely to benefit from a strong Chinese New Year period and favorable win percentage, but warns earnings may ease in future qtrs as costs from the opening of further attractions kick in. Rival MBS last week said its 1Q EBITDA fell 7% QoQ to US$284.5m. Grp is due to report 1Q results after the market close Thur.
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