Weekly | Why Did BVA Lead The Market This Week?

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,184.30 points, down 1.73% points last week.

During the last 5 trading days, $Top Glove(BVA.SI)$, $Airports of Thailand NVDR(TATD.SI)$, $YZJ Shipbldg SGD(BS6.SI)$, $ThaiBev(Y92.SI)$ and $Frasers Property(TQ5.SI)$ are the top 5 weekly gainers, up 7.69%, 6.06%, 4.73%, 3.85%, and 3.41% respectively.

$NIO Inc.(NIO.SI)$, $Emperador Inc.(EMI.SI)$, $Singtel(Z74.SI)$, $Olam Group(VC2.SI)$ and $Yanlord Land(Z25.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Top Glove(BVA.SI)$

• Top Glove Corp Bhd was among the most actively traded stocks on Wednesday’s morning trade, as analysts have turned more optimistic on the glove sector in view of the improved operating environment following the end of inventory drawdown by buyers and the narrowing of the pricing gap between local and Chinese manufacturers.

2. $Airports of Thailand NVDR(TATD.SI)$

• The company announced that it has signed a memorandum of understanding with China Southern Airlines to cooperate on enhancing air connectivity and tourism between Thailand and China. The company is benefiting from the recovery of the aviation and tourism sectors in Thailand, as the country has eased its travel restrictions and increased its vaccination rate amid the COVID-19 pandemic.

3. $YZJ Shipbldg SGD(BS6.SI)$

• The stock is trading at 20.9% below the estimated fair value. The retail investors of the company hold a substantial portion of the shares, with Yangzijiang Shipbuilding at 43%. Analysts are in good agreement that the stock price will rise by 32.2%.

4. $ThaiBev(Y92.SI)$

• The stability in its share price suggests a gradual convergence to industry peers and limited chances to buy at a lower price due to low volatility. With an anticipated double-digit profit growth of 19% in the coming years, Thai Beverage shows promise for increased cash flow and share valuation.

5. $Frasers Property(TQ5.SI)$

• Frasers Property Limited, an investment holding company, develops, invests in, and manages a portfolio of real estate properties. The company's asset portfolio includes residential, hospitality, commercial and business parks, retail, and logistics and industrial properties in Singapore, Australia, Europe, China, Thailand, Southeast Asia, and internationally.