Genting - Insider News or Lucky Guess?

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Gentling Singapore (G13.SI)’s Resort World Sentosa (RWS) received its casino license on 6 Feb 2010 (Saturday). However, as pointed out in some market chatter, it appears that at least a segment of the public may have received the news earlier.

 

 

Resort World Sentosa has been widely tipped to receive its casino operating license before Chinese New Year on 14 Feb. Indeed, the license was granted a week before that.

An inspection of Genting’s share price and trading volume suggests that the news may have leaked just before 3pm on 5 Feb.

Intraday Price and Volume Chart - 5 Feb 2010


 


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Last Updated ( Saturday, 15 May 2010 03:08 )