Showing posts with label HLIB Research. Show all posts
Showing posts with label HLIB Research. Show all posts

Friday, July 19, 2013

Genting outdoor theme park closing? No worries: HLIB Research

From Star Online: Business

By HLIB Research

19th July 2013

KUALA LUMPUR: News that Genting Highland may close its outdoor theme park for two years for a major refurbishment from Sept 1 this year should not have any adverse effect onGenting Malaysia’s performance, Hong Leong Investment Bank Research said.

The news is not unexpected as it comes on the back of the closure of two rides in the park on July 1, it said. And, moreover, it meshes with Genting Malaysia’s announcement early in June that it was planning a RM3bil facelift for the casino resort.

An official announcement on the subject is expected on Friday, July 26.