PETALING JAYA: The exuberance surrounding Resort World Sentosa might be overdone and one broker has now recommended investors switch their focus on Genting Malaysia for value instead of its Singapore counterpart.Citigroup said expectations surrounding Resort World Sentosa were too bullish, making Genting Singapore the world’s most expensive casino stock.
“According to Bloomberg consensus, Resort World Sentosa will be the world’s most profitable casino by 2011, implying Singapore will be generating twice the revenues of Malaysia. We strongly disagree,” it said. Full Story
