Written by The Edge
Monday, 16 August 2010 15:41
Genting Singapore (G13.SG) +8.2% at $1.58, extending Friday’s 14.1% rally, as players remain hopeful of earnings prospects, market share in Singapore after gaming group returned to profitability in 2Q10 with $396.5 million earnings, triggering slew of broker upgrades last week, says Dow Jones.
Volume less than half of Friday’s 682.8 million shares but still robust, making Genting most active stock in Singapore. Orderbook quotes suggest shares may test $1.60. While most analysts bullish, some still cautious, noting strong performance in 2Q10 unlikely to be repeated.
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