To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,110.73 points, up 0.66% points last week.

During the last 5 trading days, $OUE Com Reit(TS0U.SI)$, $Seatrium(S51.SI)$, $Genting Sing(G13.SI)$, $StarhillGbl Reit(P40U.SI)$ and $CapLand China T(AU8U.SI)$ are the top 5 weekly gainers, up 9.8%, 6.86%, 6.52%, 6.06% and 5.49% respectively.

$TJ DaRenTang(T14.SI)$, $IFAST(AIY.SI)$, $SEMBCORP INDUSTRIES LTD(U96.SI)$, $PTT Exploration & Production NVDR(TPED.SI)$ and $DFIRG USD(D01.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $OUE Com Reit(TS0U.SI)$

• The company reported a net income of 275.574M SGD and a revenue of 273.17M SGD for the fiscal Q2 2023 ended 6/30/23, which are higher than the previous quarter.

• The company announced a dividend yield of 8.20% for the fiscal year 2023, which is attractive for investors looking for income.

• The company completed a 10-month renovation of the Mandarin Orchard Singapore, a flagship property of the trust, which enhanced its value and appeal.

2. $Seatrium(S51.SI)$

• The company announced a new CFO, Adrian Teng, who has extensive experience in the energy sector.

• The company completed the installation of a floating Energy Storage System (ESS) in Singapore, which is the first of its kind in Southeast Asia.

• The company received positive ratings from analysts, who forecasted a fair value of 0.18 SGD per share.

3. $Genting Sing(G13.SI)$

• The company reported strong third-quarter results that included revenue and adjusted EBITDA well above 2019 levels. The company also increased its fair value estimate to SGD 0.98 per share from SGD 0.963.

• The company is expected to benefit from the recovery of the tourism and hospitality sector in Singapore, as the country eases its COVID-19 restrictions and resumes international travel.

• The company is forecast to grow its earnings by 11.49% per year, and analysts are in good agreement that the stock price will rise by 24.8%.

4. $StarhillGbl Reit(P40U.SI)$

• The company announced a dividend of SGD 0.0162 per share on August 29, 2023, which represents a dividend yield of 7.68%.

• The company reported a net income of SGD 28.17 million and a revenue of SGD 188.19 million for the fiscal year 2023, which were higher than the previous year.

• The company has a low price-to-book ratio of 0.66 and a high return on assets of 2.81%, which indicate that the stock is undervalued and profitable.

5. $CapLand China T(AU8U.SI)$

• The stock is displaying bullish character, meaning it rallies on increased volume and consolidates on reduced volume. This indicates a strong demand and a potential breakout to a higher price level.

• The stock has broken out of its bearish trend line and is showing signs of a reversal2. The stock has also formed higher lows, which suggests an upward momentum.

• The stock has a high dividend yield of 8.71%, which makes it attractive for income-seeking investors1. The stock also has a low price to earnings ratio of 14.25, which implies that it is undervalued compared to its earnings.

• The stock may benefit from the recovery of the Chinese economy and the retail sector, as well as the expansion of its portfolio with new acquisitions and developments.