To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,926.45 points, up 2.36% points last week.

During the last 5 trading days, $Thomson Medical(A50.SI)$, $YZJ Fin Hldg(YF8.SI)$, $Kasikorn BK TH SDR1to1(TKKD.SI)$, $YZJ Shipbldg SGD(BS6.SI)$ and $SEMBCORP INDUSTRIES LTD(U96.SI)$ are the top 5 weekly gainers, up 12.20%, 9.85%, 7.94%, 7.86% and 6.71% respectively.

$TCIL HK$(T15.SI)$, $Meituan HK SDR 5to1(HMTD.SI)$, $Delta TH SDR 1to1(TDED.SI)$, $Alibaba HK SDR 5to1(HBBD.SI)$ and $HPH Trust SGD(P7VU.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.

Below are key analyses of the TOP 5 gainers:

1. $Thomson Medical(A50.SI)$

• Financial Performance: The company reported a net loss of S$12.6 million for the first half of FY2025, ending December 31, 2024, contrasting with a profit of S$4.93 million in the same period the previous year. This downturn was primarily attributed to challenges in the Malaysian market and increased interest expenses following acquisitions. ​

• Revenue Growth: Despite the net loss, Thomson Medical's revenue grew by 18.4% during the same period, mainly due to contributions from its late-2023 acquisition of Far East Medical Vietnam.

2. $YZJ Fin Hldg(YF8.SI)$

• Strong Earnings Growth: The company reported an impressive 57% increase in earnings per share (EPS) over the past year. Additionally, projections indicate an anticipated annual EPS growth of 389% over the next three years, significantly outpacing the broader market's expected growth of 7.5% per annum. This robust performance and optimistic outlook could have attracted investors, driving up the stock price. ​

• Attractive Valuation: Despite its strong earnings, Yangzijiang Financial Holding's price-to-earnings (P/E) ratio remains relatively low at 6.8x. This is below the Singapore market average, where many companies have P/E ratios above 13x. Such a valuation might be appealing to value-focused investors, contributing to increased demand for the stock.

3. $Kasikorn BK TH SDR1to1(TKKD.SI)$

• Strong Performance of Underlying Stock: Kasikornbank PCL (KBANK.BK), the underlying stock for TKKD.SI, has shown positive movement. As of March 21, 2025, KBANK.BK traded at 164 THB, reflecting a 2.18% increase from the previous close of 160.50 THB. This upward trend in the primary listing can positively influence the SDRs traded in Singapore.​

• Dividend Announcements: Kasikorn Bank has scheduled upcoming dividend distributions, which often attract investors seeking income. Notably, ex-dividend dates are set for April 17, 2025, with a dividend of 7.128 THB per share, and May 15, 2025, offering 2.2275 THB per share. Anticipation of these dividends can drive demand for the stock.

• Technical Indicators: Analysts have observed that previous resistance levels, such as S$4.44 (equivalent to THB 120), have transitioned into support levels, indicating potential for an upward trend. Such technical signals can attract investors looking for growth opportunities.

4. $YZJ Shipbldg SGD(BS6.SI)$

• Resilient Financial Performance: Despite facing challenges earlier in the year, Yangzijiang Shipbuilding reported strong financial results. The company achieved a 62% gain in its bottom line over the past year, with earnings per share (EPS) increasing by 229% over the last three years. ​

• Robust Order Book: The company secured significant contracts, including an order from global shipping giant Hapag-Lloyd for 12 container ships, each with a capacity of 16,800 TEUs. This substantial order, valued at approximately $4 billion, is set for delivery between 2027 and 2029 and demonstrates confidence in Yangzijiang's capabilities. ​

• Market Correction and Recovery: Earlier this year, Yangzijiang's shares experienced a sharp decline due to concerns over proposed U.S. port fees for Chinese-built vessels, wiping nearly a billion dollars off its market value. However, analysts viewed this sell-off as overdone, suggesting that the company's fundamentals remained strong. The recent stock price increase may reflect a market correction as investors reassess the company's value.

5. $SEMBCORP INDUSTRIES LTD(U96.SI)$

• Strategic Reorganisation: The company announced a comprehensive restructuring to accelerate growth across its core divisions:​The Smart Investor

  • Gas and Related Services: Koh Chiap Khiong was appointed as President and CEO, overseeing energy transition initiatives in Singapore, including solar projects, energy imports, and low-carbon solutions.​The Smart Investor

  • Renewables: This division was subdivided into East and West regions. Alex Tan leads the East (China and Southeast Asia), while Vipul Tuli heads the West (India and the Middle East) and also serves as CEO of the global hydrogen renewables business.​The Smart Investor

  • Integrated Urban Solutions: Eugene Cheng, the Group CFO, assumed the role of President and CEO for this division, focusing on water and renewable energy solutions.​

• Inclusion in MSCI Singapore Index: Sembcorp's addition to the MSCI Singapore Index has likely attracted more institutional investors, contributing to the stock's upward momentum.