Genting Singapore Plc, operator of one of two casinos in the city-state, fell the most in 14 months after the company posted third-quarter earnings that missed analyst estimates.

Genting declined as much as 9.2%, the biggest intraday drop since Sept. 10, 2009, to $2.07 and traded at $2.12 as of 2:23 p.m. in Singapore. Parent Genting Bhd. fell 3.2% to 10.26 ringgit in Kuala Lumpur.

 

The earnings “slightly disappointed,” JPMorgan Chase & Co. analyst Kenneth Fong wrote in a note to clients today. Genting’s third-quarter earnings before interest, tax depreciation and amortization, or EBITDA, were $347 million, lower than the consensus estimate of $375 million, he said.

 

Genting yesterday posted third-quarter net income of $187.8 million, compared with $396.5 million in the previous three months and a net loss of $93.3 million a year earlier.

 

JPMorgan cut its recommendation to “neutral” from “overweight,” while RHB Capital Bhd. lowered its rating to “market perform” from “outperform.” CLSA Asia Pacific Markets maintained its “buy” rating, while reducing its share- price estimate to $2.85 from $3.

 

“We are conservatively trimming our EBITDA estimates by 2- 5% for 2011 through 2013,” CLSA analyst Aaron Fischer wrote in a note to clients today. “We expect some profit-taking today and would be strong buyers around the $2 level.”

 

Genting Singapore had climbed 78% as of yesterday’s close since reporting second-quarter profit on August 12, making the stock the best-performer this year among the 30 companies in the benchmark Straits Times Index.