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Publish date: Fri, 27 Jul 2012, 05:04 PM
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~MBS operating profit drops 18.5%, Genting shares sink to 2-year low:-
' Operating profit dropped at Marina Bay Sands (MBS) during the second quarter in part because Lady Luck decided to side with the high roller.
' News of the surprise slide sent shares of Genting Singapore sinking to a two-year low on Thursday as investors raised concerns over its profit outlook.
' The weaker showing here also contributed to a lacklustre report card by parent Las Vegas Sands, which posted profits and revenues for the quarter that were far below analyst estimates.
' Operating profit at MBS for the three months to June 30 fell 18.5 per cent to US$330.4 million (S$414 million), a stark turnaround from the previous quarter.
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~Merlion, Singapore Flyer on display at Malaysia's Legoland:-
' The Merlion is in it. So is the Fullerton Hotel, the Singapore Flyer and other parts of downtown Singapore, all picked to represent the Republic in a large-scale Lego display in the upcoming Legoland theme park in Iskandar Malaysia.
' But other iconic landmarks like the Esplanade did not make the cut for Miniland Singapore, because the structure 'would not have translated well' into Lego bricks, say its builders.
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~Heineken extends deadline to buy Asia Pacific Breweries:-
' Dutch beer giant Heineken on Friday gave Singapore food and beverage group Fraser and Neave (F&N) one more week to consider its US$4.1 billion (S$5.1 billion) takeover offer for Asia Pacific Breweries (APB).
' Heineken last week set a July 27 deadline for APB's parent to accept a buyout but agreed to a one-week extension amid rumours of a potential takeover battle for F&N's assets involving Thai Beverage and Japan's Kirin Holdings.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
