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.

“Considering Singapore’s regulatory cap on gaming space (two casinos capped at 15,000 sqm space each), Singapore may not see the same strong growth trajectory like Macau,” says Goldman Sachs; has Neutral call but lifts target to $1.46 from $1.15 after increasing FY10-FY12 earnings estimates by 142%, 18%, 22% respectively to factor in 2Q10 performance.