To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,280.10 points, up 3.26% points last week.

During the last 5 trading days, $Seatrium(S51.SI)$, $NIO Inc.(NIO.SI)$, $SingPost(S08.SI)$, $HongkongLand USD(H78.SI)$ and $DFIRG USD(D01.SI)$ are the top 5 weekly gainers, up 15.58%, 13.85%, 11.25%, 10.95% and 9.04% respectively.

$t PTTEP TH SDR(TPED.SI)$ , $Keppel Infrastructure Trust(A7RU.SI)$ , $AIS TH SDR(TADD.SI)$ , $GuocoLand(F17.SI)$ and $Bumitama Agri(P8Z.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Seatrium(S51.SI)$

• The offshore and marine engineering group Seatrium led the gains of the STI constituents over this week with an 15.58% gain.

• Strong demand and tight supply have boosted Singapore-listed maritime players, but analysts foresee a longer recovery journey for Seatrium. Maybank analyst Jarick Seet noted Seatrium's recent contract wins following the merger of Sembcorp Marine and Keppel Offshore and Marine. However, he highlighted the company's challenges with lawsuits and loss-making projects post-pandemic.

• Seatrium was ordered to pay US$108 million to MHWirth, a wholly owned subsidiary of US drilling services provider HMH. Seatrium said last week that the ruling was made by a tribunal operating under the rules of the Singapore International Arbitration Centre.

2. $NIO Inc.(NIO.SI)$

• Chinese stocks, particularly in the electric vehicle (EV) sector, are experiencing a winning streak in Hong Kong. This surge coincides with the official opening of the 2024 Beijing Auto Show on Wednesday. Analysts from Minsheng Securities remarked that this year's auto show features a plethora of new models from domestic brands, showcasing a trend towards higher-end and more differentiated offerings in the overall supply.

• Furthermore, analysts from Dongwu Securities forecasted in their report this week that retail sales of new energy vehicles (NEVs) in China for April are expected to reach 650,000 units, representing a year-on-year increase of approximately 31.9%.

• At the auto show, Nio unveiled the 2024 edition of its ET7 Executive, with a starting price of CNY 428,000. It's the only electric executive sedan in its class with a range exceeding 1000 kilometers. According to Li Bin, the CEO of Nio, cumulative deliveries of the Nio ET7 have approached 30,000 units. Additionally, Nio has reached an agreement with Lotus on interoperability of charging stations.

3. $SingPost(S08.SI)$

• As per Simply Wall St, Singapore Post has been performing admirably recently, with its earnings showing positive growth at a time when many other companies are experiencing declines. There is a prevailing expectation that the company will continue to outperform despite broader market challenges, leading investors to be more willing to pay a premium for its stock.

• Furthermore, approximately 54% of the company's shares are held by retail investors, making them the largest shareholder group. In other words, this group stands to gain the most if the stock price increases. Research conducted by Simply Wall St indicates that the top 25 shareholders together own less than half of the company's shares, indicating widespread ownership and the absence of a dominant shareholder.

4. $HongkongLand USD(H78.SI)$

• On Monday, Hongkong Land Holdings made an announcement regarding the intention of its management team, including CFO Craig Beattie and several executive directors, to buy around USD960,000 worth of company shares between April and June 2024. This action demonstrates their confidence in the firm's future.

• Simply Wall St's analysis of Hongkong Land Holdings' debt management attempts reveals a lack of enthusiasm based on its EBITDA. However, they find optimism in the company's ability to convert EBIT to free cash flow, viewing it as a positive indicator.

5. $DFIRG USD(D01.SI)$

• On Monday, DFI Retail Group (DFI) published its Sustainability Report for 2023, showcasing the company's unwavering dedication to environmental sustainability and community service. The report outlines DFI's efforts and achievements across different aspects of environmental stewardship, including a 19% decrease in Scope 1 and 2 greenhouse gas (GHG) emissions compared to the 2021 baseline, a reduction of 110 tonnes of plastic usage in Own Brand Health and Beauty products, and an increase in waste diversion rate.

• Additionally, DFI Retail Group Holdings Ltd revealed on Wednesday that two top executives were granted shares on April 24, 2024. Clem Charalambos Constantine, serving as the Group's CFO and Property Director, and Choo Peng Chee, the CEO of Food, each received 328,784 ordinary shares at no charge, outside of trading sessions.