Genting Singapore Shorts at Highest in Year on Earnings
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Short-sellers are betting Genting Singapore Plc, the worst-performing stock on the city’s benchmark equity index this year, has further to fall amid plunging earnings at Southeast Asia’s biggest casino operator.
Bearish bets on the stock climbed to the highest level in a year as Genting tumbled 13 percent since it announced in August that second-quarter profit dropped 27 percent. Brokers from Mizuho Securities Co. to Macquarie Group Ltd. have cut their ratings on the company.