To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,573.36 points, down 1.42% points last week.

During the last 5 trading days, $Sinarmas Land(A26.SI)$, $HPH Trust USD(NS8U.SI)$, $NIO Inc.(NIO.SI)$, $CapLand China T(AU8U.SI)$ and $DFIRG USD(D01.SI)$ are the top 5 weekly gainers, up 28.00%, 19.05%, 15.19%, 14.00% and 13.54% respectively.

$Kasikorn Bank TH SDR(TKKD.SI)$, $DBS Group Holdings(D05.SI)$, $Singtel(Z74.SI)$, $YZJ Shipbldg SGD(BS6.SI)$ and $Top Glove(BVA.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Sinarmas Land(A26.SI)$

• According to the official website, Sinar Mas Land (SML) is one of Indonesia’s largest and most diversified property developers. They manage a land bank of approximately 10,000 hectares, where they develop townships, residential areas, as well as commercial, retail, hospitality, recreational, and industrial properties.

• Recently, Sinar Mas Land, through PT Bumi Serpong Damai Tbk (PT BSD), achieved a prestigious accolade at the FORTUNE Indonesia 100 Gala, winning in the category of ‘Indonesia’s Biggest Companies Property & Real Estate.’

• According to Simply Wall St, while Sinar Mas Land does have more liabilities than liquid assets, it holds net cash of S$47.7 million. Notably, the company converted 84% of its EBIT to free cash flow, generating S$446 million, which alleviates concerns regarding its debt usage.

2. $HPH Trust USD(NS8U.SI)$

• The asset portfolio of Hutchison Port Holdings Trust (“HPH Trust”) includes market-leading, best-in-class, and deep-water container terminals in the Pearl River Delta of South China.

• Last week, following China’s announcement of a series of policy easing measures during a rare briefing from The Central Bank of the People's Republic of China, the Hong Kong stock market surged, with the share prices of HPH Trust’s Hong Kong-listed entities trending upward.

• According to reports, on 22nd September, a landmark Memorandum of Cooperation for the Green Maritime Economy around the Pacific Rim was signed between Hutchison Ports YANTIAN, the Port of Long Beach, the South Coast Air Quality Management District of California (AQMD), the North American Representative Office of Shenzhen, and Shenzhen Port Group, witnessed by the Shenzhen Transport Bureau.

3. $NIO Inc.(NIO.SI)$

• Benefiting from China’s recent policy measures, the Chinese new energy vehicle (NEV) sector saw significant gains last week. Meanwhile, the latest “trade-in” policy has further fueled consumer enthusiasm in the domestic auto market. According to data released by the China Association of Automobile Manufacturers, NEV sales in August increased by 30% year-on-year.

• Reports indicate that NIO’s subsidiary, Li Auto, saw overwhelming demand for its Onvo L60, with this year’s entire production capacity already sold out. NIO’s CEO, William Li, confirmed the news, stating that the company's server capacity had been expanded fivefold to accommodate the demand.

• Additionally, according to The Wall Street Journal, demand for electric vehicles in China picked up in August and could continue to grow over the next two months, as noted by HSBC Qianhai analysts in a report.

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

• CapitaLand China Trust is a real estate investment trust that invests in a diversified portfolio of income-producing properties, primarily for retail, office, and industrial purposes.

• Boosted by the policy measures, China’s real estate sector stocks surged last week. The People’s Bank of China will reduce outstanding mortgage rates for individual borrowers by an average of 0.5 percentage points, Governor Pan Gongsheng announced at a press conference on last Tuesday. Additionally, the minimum down-payment ratio for second home purchases will be lowered from 25% to 15%.

5. $DFIRG USD(D01.SI)$

• DFI Retail Group Holdings Ltd, formerly known as Dairy Farm International Holdings Limited, primarily operates in the retail sector.

• DFI Retail Group Holdings Ltd has strategically divested its significant stake in Yonghui Superstores Co., Ltd., selling it to a subsidiary of MINISO Group for approximately CNY 4.5 billion in gross cash proceeds. This sale enables DFI Retail to reallocate capital towards expanding its subsidiary businesses. The completion of the transaction is subject to regulatory approvals and shareholder consent.