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Hi Jessie Sr
Thanks for the concern. With a gain of US$168million from SC's divestment of its shares in 2IR, SC's price may hold. Let the BBs determine the market price.
hikitty will be very dishearten if price really drop till 19 cents.... but our dear humulas will be happily accumulating more....
Taken from TODAY newpapers....wonder how will the market react today to this news.....
GAMBLERS are getting luckier and winning it big in casinos onboard Star Cruises ships. And lower gaming-hold percentage, or the percentage of bets made that the casino gets to keep as revenue, has cut into Star Cruises Group?s earnings. Its first-quarter net losses more than doubled to a whopping US$79.4 million ($120.5 million), from US$35.1 million a year ago.
Overall, revenue rose by 9.8 per cent but net revenue yield dipped by 6.5 per cent in the first three months this year. During the same period, the group?s subsidiary Norwegian Cruise Line Group enjoyed a 17 per cent increase in net revenue as a result of a 23.4 per cent growth in capacity. But this was offset by a 5.3 per cent decrease in net revenue yield due to lower ticket prices for its interisland cruises in Hawaii. But Star Cruises can look forward to a gain of about US$168 million ($255 million) from the divestment of its 25 per cent interest in Resorts World at Sentosa. Majority shareholder Genting International will be holding an extraordinary general meeting later this month to approve the buy-back of Star Cruises? interest in the integrated resort, which will be built by 2010.