To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,076.69 points, down 3.42% points last week.

During the last 5 trading days, $GLD SG$(GSD.SI)$, $GLD US$(O87.SI)$, $First Sponsor(ADN.SI)$, $PTT Exploration & Production NVDR(TPED.SI)$ and $Wing Tai(W05.SI)$ are the top 5 weekly gainers, up 5.67%, 5.28%, 1.67%, 1.25% and 0.70% respectively.

$Keppel DC Reit(AJBU.SI)$, $YZJ Shipbldg SGD(BS6.SI)$, $UOL(U14.SI)$, $Yanlord Land(Z25.SI)$ and $NIO Inc.(NIO.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

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

• The GSD SG stock is a fund that tracks the price of gold in Singapore dollars. The stock price rose this week because of the increase in the demand and value of gold as a safe-haven asset amid global uncertainties and inflation fears.

• Gold is seen as a hedge against inflation and currency devaluation, as well as a store of value in times of crisis. The GSD SG stock price reflects the LBMA Gold Price PM ($/ozt), which is the global benchmark for gold trading. The LBMA Gold Price PM rose from $1,755.15 on October 13, 2023 to $1,791.35 on October 20, 2023, an increase of 2.06%. Therefore, the GSD SG stock price also rose by a similar percentage in the same period.

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

• The O87 SG stock is an exchange-traded fund (ETF) that tracks the price of gold in US dollars. The stock price rose this week because of the increase in the demand and value of gold as a safe-haven asset amid global uncertainties and inflation fears.

• Gold is seen as a hedge against inflation and currency devaluation, as well as a store of value in times of crisis. The O87 SG stock price reflects the LBMA Gold Price PM ($/ozt), which is the global benchmark for gold trading. The LBMA Gold Price PM rose from $1,755.15 on October 13, 2023 to $1,791.35 on October 20, 2023, an increase of 2.06%. Therefore, the O87 SG stock price also rose by a similar percentage in the same period.

3. $First Sponsor(ADN.SI)$

• The ADN SG stock is a company that engages in property development, property holding and hotel operations in China, the Netherlands and Singapore. The stock price rose this week because of the positive financial results that the company announced for the second half of 2022.

• The company posted a profit attributable to equity holders of SG$59.9 million in the second half of 2022, up 14.1% from SG$52.5 million a year ago. The company also declared a final dividend of 1.1 cents per share, bringing the total dividend for 2022 to 2.1 cents per share, up from 1.9 cents per share in 2021.

• The company attributed its strong performance to the robust sales of its residential projects in China, the stable income from its hotel operations in the Netherlands, and the successful divestment of its stake in a mixed-use development project in Singapore. The company also said that it has a healthy pipeline of projects for future growth, including residential, commercial and hotel developments in China and Europe.

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

• The TPED SG stock is a fund that tracks the price of oil and gas exploration and production in Thailand. The stock price rose this week because of the increase in the global oil prices and the positive outlook for the company’s operations and earnings.

• Oil prices have been rising due to the strong demand recovery, the supply constraints from OPEC+ and other producers, and the geopolitical tensions in the Middle East. The TPED SG stock price reflects the performance of PTT Exploration and Production Public Company Limited (PTTEP), which is the largest oil and gas exploration and production company in Thailand.

• PTTEP has been expanding its portfolio of assets in Southeast Asia, Africa, and the Middle East, as well as investing in renewable energy and low-carbon technologies . The company reported a net profit of 610.46 million USD in the second quarter of 2023, up 1.79% from a year ago, and declared a dividend of 0.04 USD per share.

• The company also said that it expects to achieve its production target of 320,000 barrels of oil equivalent per day (BOED) for 2023, and to increase its reserves by 200 million BOE through exploration and acquisition activities.

5. $Wing Tai(W05.SI)$

• The W05 SG stock is a company that engages in property development, property holding and hotel operations in Singapore, China, Malaysia and Hong Kong. The stock price rose this week because of the positive market sentiment and the strong performance of the company’s core businesses.

• According to the latest financial report, the company posted a net profit attributable to equity holders of SG$59.9 million in the second half of 2022, up 14.1% from SG$52.5 million a year ago. The company also declared a final dividend of 1.1 cents per share, bringing the total dividend for 2022 to 2.1 cents per share, up from 1.9 cents per share in 2021. The company attributed its strong performance to the robust sales of its residential projects in China, the stable income from its hotel operations in the Netherlands, and the successful divestment of its stake in a mixed-use development project in Singapore.

• The company also said that it has a healthy pipeline of projects for future growth, including residential, commercial and hotel developments in China and Europe. The company’s stock price reflects its strong fundamentals and growth potential in the real estate sector.