Genting Singapore Plc, owner of one of two casino resorts in the city-state, climbed to a record high on speculation earnings will increase this quarter.

“We’re going to have the Formula 1 races this month,” said Carey Wong, an analyst at OCBC Investment Research. “That will boost revenue at the casino resorts. Third-quarter could be another strong quarter.”

 

Genting advanced 3.6% to $1.75, set for its highest close on record as of 12:22 p.m. in Singapore. The benchmark Straits Times Index gained 0.8%.