To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,094.81 points, down 0.96% points last week.

During the last 5 trading days, $Top Glove(BVA.SI)$, $TJ DaRenTang(T14.SI)$, $Man Oriental USD(M04.SI)$, $Thomson Medical(A50.SI)$ and $ESR-REIT(J91U.SI)$ are the top 5 weekly gainers, up 15.91%, 6.88%, 5.59%, 5.56% and 3.33% respectively.

$Airports of Thailand NVDR(TATD.SI)$, $HPH Trust SGD(P7VU.SI)$, $IHH HEALTHCARE BERHAD(Q0F.SI)$, $CP All NVDR(TCPD.SI)$ and $HPH Trust USD(NS8U.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Top Glove(BVA.SI)$

• Financial Performance: Top Glove’s financial performance could be a factor. For instance, their revenue for the fiscal Q4 2023 ended on 8/31/23 was reported to be 475.86M MYR.

• Company Announcements: Any recent announcements by the company could have influenced investor sentiment. The company also announced a dividend of 0.1386 SGD per share, payable on Dec 24, 2023.

2. $TJ DaRenTang(T14.SI)$

• The company reported a net profit of 1.07 billion yuan ($167.5 million) for the first three quarters of 2023, up 25.6% year-on-year.

• The company announced a special dividend of 0.16 yuan ($0.025) per share, in addition to the interim dividend of 0.16 yuan per share, to celebrate its 70th anniversary.

3. $Man Oriental USD(M04.SI)$

• The company reported a net profit of $10.9 million for the third quarter of 2023, compared to a net loss of $33.5 million in the same period last year.

• The company announced a special dividend of $0.02 per share, in addition to the interim dividend of $0.015 per share, to reward shareholders for their support during the COVID-19 pandemic.

• The company benefited from the recovery of travel and tourism in some of its key markets, such as Hong Kong, Singapore, and the US, as well as the strong demand for luxury hospitality.

4. $Thomson Medical(A50.SI)$

• Financial Performance: Thomson Medical’s financial performance could be a factor. For instance, their revenue for the fiscal Q4 2023 ended on 6/30/23 was reported to be 88.28M SGD.

• Market Conditions: General market conditions can also impact a stock’s price. For example, positive sentiment in the market can lead to an increase in many stocks.

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

• Financial Performance: ESR-REIT’s financial performance could be a factor. For instance, their revenue for the fiscal Q2 2023 ended on 6/30/23 was reported to be 99.40M SGD.

• Market Conditions: General market conditions can also impact a stock’s price. For example, positive sentiment in the market can lead to an increase in many stocks.