Genting Singapore's performance may differ vs MBS: Analyst

Results from Marina Bay Sands may not have much read-through for Genting Singapore (G13.SG), an analyst says. “It’s luck-factor centric so (GENS’ results) could be very different,” he says. GENS’ share price may be down on the news, he says, but adds, “the stock is not cheap.” Las Vegas Sands (LVS) reported Marina Bay Sands’ 3Q12 operating income fell 47.2% on-year to US$166.5 million ($203.1 million), citing increased provisions for accounts receivable and a lower-than-expected rolling-chip win percentage. GENS is down 1.5% at $1.33.