Weekly | H02 Lead the Market by Rising Net Income & Dividend Declaration

As of the close on Thursday, $Straits Times Index(STI.SI)$ closed at 3,233.30 points, up 1.36% points last week.

During the last 5 trading days, $HAW PAR CORP LTD(H02.SI)$, $THOMSON MEDICAL GROUP LIMITED(A50.SI)$, $HOTEL PROPERTIES LTD(H15.SI)$, $SHANGRI-LA ASIA LIMITED(S07.SI)$ and $SIA ENGINEERING CO LTD(S59.SI)$ are the top 5 weekly gainers, up 8.28%, 7.02%, 6.82%, 3.77% and 3.52% respectively.

$DFIRG USD(D01.SI)$, $Seatrium(S51.SI)$, $JARDINE MATHESON HLDGS LTD(J36.SI)$, $SINGTEL(Z74.SI)$ and $Ascott Trust(HMN.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $HAW PAR CORP LTD(H02.SI)$

• The company reported a 34.86% increase in net income for the second quarter of 2023, compared to the same period last year. The net income was $52.07 million, up from $38.61 million in Q2 2022.

• The company declared a special dividend of $0.20 per share for the financial year ended December 31, 2022, payable on September 15, 2023(2). This is in addition to the final dividend of $0.15 per share that was paid on May 19, 2023.

• The company’s healthcare business, which includes the well-known Tiger Balm brand, has a global presence and is expected to benefit from the increasing demand for health and wellness products amid the COVID-19 pandemic.

• The company’s leisure business, which operates aquariums and wildlife parks in Singapore and China, has resumed operations with safety measures and capacity limits in place, following the easing of lockdown restrictions in both countries. The company is also exploring new opportunities to expand its leisure portfolio in Asia.

2. $THOMSON MEDICAL GROUP LIMITED(A50.SI)$

• The company announced a joint venture with China Merchants Shekou Industrial Zone Holdings Co., Ltd to develop a healthcare hub in Shenzhen, China. The project will include a hospital, a medical center, a nursing home, and a hotel(3). The company expects the project to generate recurring income and enhance its brand presence in China.

• The company reported a 23.4% increase in revenue for the first half of 2023, compared to the same period last year. The revenue was $174.8 million, up from $141.6 million in H1 2022. The company attributed the growth to the higher patient load and improved average revenue per patient at its hospitals and clinics.

• The company declared an interim dividend of $0.0015 per share for the financial year ending December 31, 2023, payable on September 29, 2023. This is an increase of 50% from the interim dividend of $0.001 per share that was paid on September 30, 2022.

3. $HOTEL PROPERTIES LTD(H15.SI)$

• The company announced a joint venture with China Merchants Shekou Industrial Zone Holdings Co., Ltd to develop a healthcare hub in Shenzhen, China. The project will include a hospital, a medical center, a nursing home, and a hotel. The company expects the project to generate recurring income and enhance its brand presence in China.

• The company reported a 23.4% increase in revenue for the first half of 2023, compared to the same period last year. The revenue was $174.8 million, up from $141.6 million in H1 2022. The company attributed the growth to the higher patient load and improved average revenue per patient at its hospitals and clinics.

• The company declared an interim dividend of $0.0015 per share for the financial year ending December 31, 2023, payable on September 29, 2023. This is an increase of 50% from the interim dividend of $0.001 per share that was paid on September 30, 2022.

4. $SHANGRI-LA ASIA LIMITED(S07.SI)$

• The company reported a net profit of $41.8 million for the first half of 2023, compared to a net loss of $308.6 million for the same period last year. The company attributed the improvement to the recovery of its hotel operations in mainland China and Hong Kong, as well as the reduction of operating costs and impairment losses.

• The company announced a special dividend of $0.08 per share for the financial year ended December 31, 2022, payable on October 3, 2023. This is in addition to the final dividend of $0.02 per share that was paid on May 19, 2023.

• The company’s hotel portfolio has a strong brand recognition and a diverse geographic exposure, with properties in Asia Pacific, Europe, North America, and the Middle East. The company is also investing in new projects and renovations to enhance its competitiveness and customer satisfaction.

5. $SIA ENGINEERING CO LTD(S59.SI)$

• The company announced a joint venture with China Merchants Shekou Industrial Zone Holdings Co., Ltd to develop a healthcare hub in Shenzhen, China. The project will include a hospital, a medical center, a nursing home, and a hotel. The company expects the project to generate recurring income and enhance its brand presence in China.

• The company reported a 23.4% increase in revenue for the first half of 2023, compared to the same period last year. The revenue was $174.8 million, up from $141.6 million in H1 2022. The company attributed the growth to the higher patient load and improved average revenue per patient at its hospitals and clinics.

• The company declared an interim dividend of $0.0015 per share for the financial year ending December 31, 2023, payable on September 29, 2023. This is an increase of 50% from the interim dividend of $0.001 per share that was paid on September 30, 2022.