As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,278.30 points, up 0.91% points last week.
During the last 5 trading days, $TJ DaRenTang(T14.SI)$, $SINGAPORE POST LIMITED(S08.SI)$, $SEMBCORP INDUSTRIES LTD(U96.SI)$, $Airports of Thailand NVDR(TATD.SI)$ and $UNITED OVERSEAS BANK LIMITED(U11.SI)$ are the top 5 Weekly gainers, up 16.00%, 10.58%, 7.52%, 6.83% and 6.52% respectively.
$HO BEE LAND LIMITED(H13.SI)$, $SHANGRI-LA ASIA LIMITED(S07.SI)$, $DFIRG USD(D01.SI)$, $VENTURE CORPORATION LIMITED(V03.SI)$ and $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.
Below are key analyses of the TOP 5 gainers:
1. $TJ DaRenTang(T14.SI)$
The company reported a 30.77% increase in net income for the first quarter of 2023, compared to the same period last year.
The company announced a positive guidance for its first half of 2023, expecting to achieve a net profit of between 400 million yuan and 450 million yuan, representing a year-on-year increase of between 80% and 100%.
2. $SINGAPORE POST LIMITED(S08.SI)$
The company announced that it has appointed BofA Securities as its financial advisor to conduct a strategic review of its business units, which could result in divestments, acquisitions, or partnerships.
The company reported a 28.05% decrease in net income for the fourth quarter of 2023, compared to the same period last year, but still beat analysts’ expectations.
The company declared a final dividend of 0.4 cents per share for the financial year ended March 31, 2023, bringing the total dividend to 0.7 cents per share, representing a payout ratio of 70%.
3. $SEMBCORP INDUSTRIES LTD(U96.SI)$
The company reported a 200% increase in net profit for the first quarter of 2023, compared to the same period last year, driven by higher energy demand and prices in its key markets.
The company announced that it has started a process for a possible divestment of its waste management business and its energy from waste plant, as part of its strategy to focus on renewable energy and urban development.
The company signed a deal worth S$1.9 billion ($1.41 billion) with a subsidiary of PT Medco Energi Internasional to import natural gas from Indonesia, starting from 2024 for four years.
4. $Airports of Thailand NVDR(TATD.SI)$
The company reported a 156.78% increase in net income for the second quarter of 2023, compared to the same period last year, as it recovered from the impact of the COVID-19 pandemic on air travel.
The company announced that it has signed a memorandum of understanding with Thai Airways International Public Company Limited to jointly develop a maintenance, repair, and overhaul center at U-Tapao International Airport.
The company benefited from the gradual reopening of Thailand’s borders to foreign tourists, especially from countries with low COVID-19 risk, as well as the domestic travel stimulus measures by the government.
5. $UNITED OVERSEAS BANK LIMITED(U11.SI)$
The company reported a 66.78% increase in net income for the first quarter of 2023, compared to the same period last year, as it benefited from higher net interest income, fee income, and trading income.
The company declared an interim dividend of 0.25 cents per share for the first quarter of 2023, representing a payout ratio of 27.17%.
The company announced that it has launched a new digital banking platform called UOB Infinity, which aims to provide corporate customers with a seamless and secure banking experience across multiple devices.
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