Genting Singapore (G13.SG) most active stock in Singapore, +1.3% at $1.60, as players remain fascinated with growth prospects following return to profitability in 2Q10, especially with gaming group one step closer to disposing its money-losing UK operations for $688.8 million, says Dow Jones.

Having already secured approval from shareholders, company now needs greenlight from British Gaming Commission. “The financial resources arising from the proposed divestment will provide it with the financial flexibility to maintain its strength and strategically engage in new opportunities or enter new markets where appropriate,” says OCBC Investment Research; has Buy call, ups target to $1.85 from $1.66 to factor in lower capex post-UK sale.

Resistance at 52-week high $1.68.

Singapore stocks getting mild boost from Wall Street’s modest advance, with gainers outnumbering decliners 2 to 1, according to Dow Jones.

STI +0.2% at 2,931.52 at 9:43 a.m., likely to encounter resistance at last week’s 2,952 high. “Upside is likely to be capped due to bouts of profit taking in an uncertain market,” says CIMB, which has year-end target of 2,960 for STI; adds “we are cautious on the Singapore market amid continued jitters over the pace of global (economic) recovery.”

Genting Singapore (G13.SG) remains highly sought after, +3.9% at $1.60, as gaming group now focusing on ramping up Resorts World Sentosa after sister firm Genting Malaysia’s (4715.KU) minority shareholders approve purchase of former’s money-losing UK operations. 

Genting aside, most active stocks in market comprise lower liners, including Oceanus (579.SG), +1.5% at $0.35, Style Merchants (N37.SG), +25.0% at $0.05, Enzer (545.SG), +4.5% at $0.23.