To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,185.79 points, up 0.36% points last week.

During the last 5 trading days, $AEM SGD(AWX.SI)$, $PTT Exploration & Production NVDR(TPED.SI)$, $GLD SG$(GSD.SI)$, $GLD US$(O87.SI)$ and $ST Engineering(S63.SI)$ are the top 5 weekly gainers, up 9.17%, 7.20%, 3.51%, 3.39% and 3.39% respectively.

$Top Glove(BVA.SI)$, $DFIRG USD(D01.SI)$, $SEMBCORP INDUSTRIES LTD(U96.SI)$, $JARDINE MATHESON HLDGS LTD(J36.SI)$ and $Man Oriental USD(M04.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $AEM SGD(AWX.SI)$

• The company’s financial performance: AEM Holdings Ltd reported a revenue of $122.56M SGD and a net income of $4.10M SGD for the second quarter of 2023, which are both lower than the same period last year. The company also declared an interim dividend of $0.035 SGD per share for the second quarter of 2023.

• The industry outlook: The semiconductor and electronics industry is facing challenges such as supply chain disruptions, chip shortages, and rising costs. However, there may also be opportunities for growth and innovation in areas such as 5G, artificial intelligence, and cloud computing.

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

• The company’s financial performance: PTT Exploration & Production PCL reported a revenue of $2.00B USD and a net income of $610.46M USD for the second quarter of 2023, which are both lower than the same period last year. The company also declared an interim dividend of $0.035 SGD per share for the second quarter of 2023.

• The industry outlook: The oil and gas industry is facing challenges such as environmental regulations, geopolitical tensions, and demand fluctuations. However, there may also be opportunities for growth and innovation in areas such as renewable energy, carbon capture, and digital transformation.

3. $GLD SG$(GSD.SI)$

• The price of gold: The price of gold is determined by the supply and demand of the precious metal in the global market, as well as by factors such as inflation, interest rates, geopolitical events, and currency movements. The price of gold in US dollars was $1,812.40 USD per ounce as of October 13, 2023, which is a 0.10% decrease from five days ago.

• The exchange rate: The exchange rate between the Singapore dollar and the US dollar affects the value of the GSD SG stock, as it reflects how much gold one can buy with one Singapore dollar. The exchange rate was 1.3617 SGD per USD as of October 13, 2023, which is a 0.10% decrease from five days ago.

4. $GLD US$(O87.SI)$

• The price of gold: The price of gold is determined by the supply and demand of the precious metal in the global market, as well as by factors such as inflation, interest rates, geopolitical events, and currency movements. The price of gold in US dollars was $1,812.40 USD per ounce as of October 13, 2023, which is a 0.10% decrease from five days ago.

• The market sentiment: The market sentiment is the overall attitude of investors towards a particular asset or market. Investors may buy or sell O87 SG stock based on their expectations, risk appetite, and preferences. Some investors may view gold as a safe haven asset that can hedge against inflation, currency devaluation, and market volatility. Others may view gold as an alternative investment that can diversify their portfolio and offer potential returns.

5. $ST Engineering(S63.SI)$

• The company’s financial performance: ST Engineering reported a revenue of $2.43B SGD and a net income of $140.31M SGD for the second quarter of 2023, which are both lower than the same period last year. The company also declared an interim dividend of $0.035 SGD per share for the second quarter of 2023.

• The industry outlook: The aerospace and defense industry is facing challenges such as environmental regulations, geopolitical tensions, and demand fluctuations. However, there may also be opportunities for growth and innovation in areas such as renewable energy, carbon capture, and digital transformation.