The last few weeks saw casino operator Genting Singapore regularly hitting new all-time highs.

Since August 13, following the release of the company’s positive second quarter earnings — just before parent company Genting Berhad’s August 26 announcement that its second-quarter profit more than tripled — the stock price has risen from $1.28 to $1.80 in three weeks.

With the Singapore Grand Prix taking place later this month, the stock is fuelled by speculation that earnings would increase this quarter.

Macquarie Research Equities recently raised its 12-month target price on Genting Singapore from $1.60 to $2.10.

Investors who hold the same bullish sentiment may wish to leverage on their view through Genting call warrants.

Call warrants would allow investors to potentially earn a profit when an underlying share price rises.

Genting Singapore is currently the second best performer on the Straits Times Index over the past 12 months, surging approximately 63 percent, compared with the benchmark STI’s 16 percent gain.

If you hold the view that Genting Singapore has seen its near-term high and that the stock is poised for a pullback here, you may wish to consider a Genting put warrant.