To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,248.63 points, up 3.48% points last week. (Don’t forget to check the SG earnings calendar at the end of the article~)

During the last 5 trading days, $Seatrium(S51.SI)$, $NIO Inc.(NIO.SI)$, $DFIRG USD(D01.SI)$, $MAPLETREE LOGISTICS TRUST(M44U.SI)$, and $CapitaLandInves(9CI.SI)$ are the top 5 Weekly gainers, up 16.00%, 10.58%, 7.52%, 6.83% and 6.52% respectively.

$HUTCHISON PORT HOLDINGS TRUST(NS8U.SI)$, $TJ DaRenTang(T14.SI)$, $TAN CHONG INT'L LTD(T15.SI)$, $Airports of Thailand NVDR(TATD.SI)$ and $HOTEL PROPERTIES LTD(H15.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Seatrium(S51.SI)$

• The company secured a 720 million euro green trade finance facility from OCBC Bank, one of the largest syndicated financing solutions issued by a single bank for the maritime industry.

• The company is expected to announce its 1HFY2023 earnings on July 28, 2023, and analysts are optimistic about its performance and prospects.

• The company was included in the Straits Times Index (STI), the benchmark index of the Singapore stock market, effective from June 21, 2023, replacing Keppel DC REIT.

2. $NIO Inc.(NIO.SI)$

• The company announced that it delivered 8,083 vehicles in June 2023, a new monthly record and a 116.1% year-over-year growth.

• The company received positive ratings and price targets from several analysts, such as Morgan Stanley, Deutsche Bank and Citi, who praised its strong sales performance, competitive edge and innovation potential.

• The company benefited from the overall recovery of the electric vehicle sector in China, which saw a 139.3% year-over-year increase in sales in June 2023, according to the China Association of Automobile Manufacturers.

3. $DFIRG USD(D01.SI)$

• The company announced a final dividend of 0.02 USD per share for the financial year ended December 31, 2022, payable on May 10, 2023.

• The company reported a net profit of 1.76 million USD for the first quarter of 2023, compared to a net loss of 216,000 USD in the same period last year, driven by improved sales and cost efficiency across its business segments.

• The company benefited from the gradual recovery of consumer spending and confidence in its key markets, such as Hong Kong, Singapore and Indonesia, as the COVID-19 pandemic situation eased and vaccination rates increased.

4. $MAPLETREE LOGISTICS TRUST(M44U.SI)$

• The REIT announced that it will release its first quarter FY23/24 financial results on July 26, 2023, and investors may anticipate positive earnings growth and distribution per unit.

• The REIT completed the acquisition of a 50% interest in 11 logistics properties in China for 205.6 million SGD on June 30, 2023, enhancing its portfolio quality and diversification.

• The REIT benefited from the strong demand for logistics space in its key markets, such as Singapore, Hong Kong and China, driven by the growth of e-commerce and supply chain resilience amid the COVID-19 pandemic.

5. $CapitaLandInves(9CI.SI)$

• The company announced a refreshed 2030 sustainability master plan on July 12, 2023, which outlines its environmental, social and governance (ESG) goals and initiatives to create long-term value for its stakeholders.

• The company reported a net profit of 214 million SGD for the fourth quarter of 2022, compared to a net loss of 1.57 billion SGD in the same period last year, driven by improved operating performance and fair value gains.

• The company benefited from the recovery of office demand and rental rates in its key markets, such as Singapore, China and Japan, as the COVID-19 pandemic situation eased and vaccination rates increased.

The SG earnings for next week: