Genting pummeled as earnings prospects weaken

Stock lost 1.5% of its value in yesterday trading alone.

In its evening update, IG Markets linked the decline directly to profit fears, which were too strong to overcome even as regional Asian markets, including the Singapore Exchange, turned bullish from the European Central Bank's plans to buy short-dated government debt.

"Among the biggest fallers was Genting which slipped 1.5% as investors looked dimly on future earnings potential," IG Markets said.

Genting Singapore is slated to release its second quarter financial results ended 30 June 2012 on Friday, 10 August
2012, after trading hours.

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