Genting Singapore (G13.SG) remains most active stock in market, off 1.1% at $1.78 with over 221 million shares traded, biggest volume so far this week, says Dow Jones.

Investors keen to book some gains after run-up by as much as 14.4% so far this week fuelled by hopes earnings momentum will remain strong in coming quarters after return to profitability in 2Q10.

UOB KayHian, which has Hold call with $1.59 target, says its own checks show gaming activity at Resorts World Sentosa over July-August points to noticeably weaker 3Q10 vs 2Q10, with traffic in August affected by “hungry ghost” month.

Tips 3Q10 gaming EBITDA of under $350 million vs estimated $480 million in 2Q10. Adds near-term valuations stretched, with stock trading at 11.7x 2011 EV/EBITDA vs 11.3x for Las Vegas Sands, which operates many more casinos than Genting Singapore.

Support at 5-day moving average, last at $1.70.