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Friday, June 25, 2010

Genting vs Marina Bay Sands

Extracted news:

"Our estimate is that Marina Bay Sands, because of the customer profile, its position geographically in Singapore and its size and breadth of the facility, they are going to capture 60 per cent of the market," said Jonathan Galaviz, managing partner of Galaviz & Co.

End news

Genting will only garner about 40% of the market share in Singapore compared to MBS of 60%. The suprising stronghold of genting share price will not hold as it is artificially being held up. It is speculated that the share price is being propped up for fund raising.  Let's see if genting will issue more rights or warrants by end of this year.

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