Genting Hong Kong (S21.SG), Genting Singapore (G13.SG) most sought-after stocks in Singapore, together accounting for about one-third of market’s total volume, according to Dow Jones.

Genting Hong Kong +11.4% at US$0.49, extending 54.4% gain so far this month, on continued optimism over earnings prospects given cruise operator’s 50%-owned gaming investment Resorts World Manila.

Just when interest in sister firm Genting Singapore starting to soften in recent sessions after strong rally in past months (stock up by milder 8.3% since beginning September), shares +6.6% at new multi-year high of $1.95.

“There were a few kind reports on Genting Singapore today,” says trader at local brokerage, referring to CLSA’s target price upgrade to $3.00 from $2.00 to factor in better earnings visibility, plus Daiwa’s initiation at Outperform with $2.06 target.

Huge volume on both stocks indicates strong momentum, which could last in coming days despite technical indicators showing both severely overbought.