Interest in Genting Singapore (G13.SG) notably lower following gains of up to 31.3% over last 3 sessions stoked by gaming group’s return to profitability in 2Q10, says Dow Jones.

Shares last +1.3% at $1.54, not expected to challenge yesterday’s $1.68 high. Current volume mere fraction of 430.7 million shares daily average from August 13, day after 2Q10 results released.

UBS, which has Buy call, says short-term expectations post-2Q10 results may be rising too aggressively.

“We believe the upside due to the market underestimating the earnings power is now largely captured in the recent share price rise. In fact the near-term risk on the stock is over-inflation of expectations,” says UBS.

Still, lifts FY11 EBITDA estimate for Resorts World Sentosa by 30%, resulting in $2.02 target price vs $1.52 previously.