To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,207.75 points, down 0.79% points last week.

During the last 5 trading days, $SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$, $SHANGRI-LA ASIA LIMITED(S07.SI)$, $STARHUB LTD(CC3.SI)$, $PTT Exploration & Production NVDR(TPED.SI)$ and $ESR-REIT(J91U.SI)$ are the top 5 weekly gainers, up 16.96%, 5.93%, 5.88%, 4.71% and 3.23% respectively.

$Lendlease Global Commercial REIT(JYEU.SI)$, $SEMBCORP INDUSTRIES LTD(U96.SI)$, $OUE COMMERCIAL REIT(TS0U.SI)$, $MANDARIN ORIENTAL INTL LTD(M04.SI)$ and $GOLDEN AGRI-RESOURCES LTD(E5H.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$

• The stock price increase is the positive financial results of the company for the first half of 2023. The company reported a net profit of 4,144 million THB, an increase of 1,105% compared to the same period in 2022. The company also declared an interim dividend of 0.25 THB per share for the first half of 2023.

• The strong demand for natural rubber products amid the COVID-19 pandemic. The company stated that its sales volume of natural rubber products increased by 16% year-on-year in the first half of 2023, driven by the growth of the glove and tire industries. The company also said that it expects the demand for natural rubber products to remain high in the second half of 2023.

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

• The stock price increase is the positive outlook of the company for the second half of 2023. The company stated that it expects to see a gradual recovery in its hotel business as travel restrictions ease and vaccination rates increase in its key markets.

• The company also said that it will continue to focus on cost control, cash preservation, and operational efficiency to enhance its financial position.

• The strong performance of the company’s investment properties segment, which contributed 62% of its total revenue in the first half of 2023. The company reported that its investment properties in Hong Kong, Singapore, and mainland China achieved high occupancy rates and stable rental income despite the challenging market conditions.

• The company also said that it will continue to explore opportunities to unlock the value of its investment properties portfolio.

3. $STARHUB LTD(CC3.SI)$

• The stock price increase is the positive outlook of the company for the second half of 2023. The company stated that it expects to see a gradual recovery in its hotel business as travel restrictions ease and vaccination rates increase in its key markets. The company also said that it will continue to focus on cost control, cash preservation, and operational efficiency to enhance its financial position.

• Another possible reason is the strong performance of the company’s investment properties segment, which contributed 62% of its total revenue in the first half of 2023. The company reported that its investment properties in Hong Kong, Singapore, and mainland China achieved high occupancy rates and stable rental income despite the challenging market conditions. The company also said that it will continue to explore opportunities to unlock the value of its investment properties portfolio.

4. $PTT Exploration & Production NVDR(TPED.SI)$

• The stock price increase is the high dividend yield of the company. The company declared an interim dividend of 0.25 THB per share for the first half of 2023, which translates to a dividend yield of 2.34% based on the current stock price. The dividend payment date is September 4, 20233.

• The strong financial performance of the company in the first half of 2023. The company reported a net profit of 4,144 million THB, an increase of 1,105% compared to the same period in 20221. The company also reported earnings per share of 4.95 THB, an increase of 87.66% compared to the same period in 2022. The company attributed its improved results to the higher average selling prices of crude oil and natural gas, as well as the lower operating expenses and depreciation costs.

5. $ESR-REIT(J91U.SI)$

• The stock price increase is the high dividend yield of the company. The company declared an interim dividend of 0.0125 SGD per share for the first half of 2023, which translates to a dividend yield of 7.81% based on the current stock price. The dividend payment date is September 4, 2023.

• The strong financial performance of the company in the first half of 2023. The company reported a net profit of 99.40 million SGD, an increase of 31.84% compared to the same period in 2022. The company also reported an earnings per share of 0.013 SGD, an increase of 8.33% compared to the same period in 2022. The company attributed its improved results to the higher occupancy rates and rental income from its investment properties in Singapore, Australia, and China.