~ Singapore Live Stock News Updates ~

~MBS operating profit drops 18.5%, Genting shares sink to 2-year low:-

• Operating profit dropped at Marina Bay Sands (MBS) during the second quarter in part because Lady Luck decided to side with the high roller.

• News of the surprise slide sent shares of Genting Singapore sinking to a two-year low on Thursday as investors raised concerns over its profit outlook.

• The weaker showing here also contributed to a lacklustre report card by parent Las Vegas Sands, which posted profits and revenues for the quarter that were far below analyst estimates.

• Operating profit at MBS for the three months to June 30 fell 18.5 per cent to US$330.4 million (S$414 million), a stark turnaround from the previous quarter.

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~Merlion, Singapore Flyer on display at Malaysia's Legoland:-

• The Merlion is in it. So is the Fullerton Hotel, the Singapore Flyer and other parts of downtown Singapore, all picked to represent the Republic in a large-scale Lego display in the upcoming Legoland theme park in Iskandar Malaysia.

• But other iconic landmarks like the Esplanade did not make the cut for Miniland Singapore, because the structure 'would not have translated well' into Lego bricks, say its builders.

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~Heineken extends deadline to buy Asia Pacific Breweries:-

• Dutch beer giant Heineken on Friday gave Singapore food and beverage group Fraser and Neave (F&N) one more week to consider its US$4.1 billion (S$5.1 billion) takeover offer for Asia Pacific Breweries (APB).

• Heineken last week set a July 27 deadline for APB's parent to accept a buyout but agreed to a one-week extension amid rumours of a potential takeover battle for F&N's assets involving Thai Beverage and Japan's Kirin Holdings.