To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,321.82 points, up 0.58% points in the past 5 days. The earnings calendar is attached at the end of the article. During the last 5 trading days, $KEPPEL CORPORATION LIMITED(BN4.SI)$, $SEMBCORP MARINE LTD(S51.SI)$, $YZJ Fin Hldg(YF8.SI)$, $Sri Trang Gloves(STG.SI)$ and $SINGAPORE TECH ENGINEERING LTD(S63.SI)$ are the top 5 Weekly gainers, up 9.49%, 4.24%, 4.05%, 3.74% and 3.04% respectively. $SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$, $NIO Inc.(NIO.SI)$, $TOP GLOVE CORPORATION BHD(BVA.SI)$, $YANLORD LAND GROUP LIMITED(Z25.SI)$ and $STARHILL GLOBAL REIT(P40U.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln. Below are key analyses of the TOP 5 gainers: 1. $KEPPEL CORPORATION LIMITED(BN4.SI)$ Keppel Corporation posted a 9% rise in its revenue to S$2.3 billion for its first quarter ended Mar 31, 2023, from S$2.1 billion in the same period the year before. Due to the disposal gain of around S$3.3 billion from the merger between its offshore and marine (O&M) unit and Sembcorp Marine (Sembmarine). Excluding discontinued operations and the disposal gain, net profit for the quarter was slightly higher on year, driven by a stronger performance from its energy and environment, urban development, and connectivity segments, Keppel said on Thursday (Apr 20). 2. $SEMBCORP MARINE LTD(S51.SI)$ Largest ever offshore renewables contract for Sembcorp Marine. Sembcorp Marine announced that, together with its consortium partner GE Renewables, it had won a €6b contract to supply the high voltage direct current (HVDC) electrical transmission systems for three large offshore wind farms in the Netherlands. The three 2GW wind farms each have a contract value of €2b. Sembcorp Marine stated that this is the “largest offshore renewables project secured by the Group”. A landmark order for the enlarged Sembcorp Marine entity. We see this order win as a clear vote of confidence by key industry players as this contract has been in negotiations for the past 12 months and during Sembcorp Marine’s merger with Keppel Offshore Marine. With today’s order win, Sembcorp Marine's orderbook has increased by ~24% from S$18b to S$22.3b with earnings visibility out to 2031. 3. $YZJ Fin Hldg(YF8.SI)$ Subject to the approval of the shareholders of Yangzijiang Financial Holding Ltd. for the tax exempt (one-tier) final dividend of S$0.018 per ordinary share in the capital of Yangzijiang Financial Holding Ltd. The First Annual General Meeting to be held on 21 April 2023, the Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 11 May 2023 for the purpose of determining entitlements of the Shareholders to the Proposed Final Dividend. 4. $Sri Trang Gloves(STG.SI)$ 2023 Annual General Meeting of Shareholders shows Gloves sales volume Growth by 5.6%, Sales revenue & services depletion by 51%. Gross profit and gross profit margin decreased in 2022 due to: The decrease in sales revenue and services. The decline in ASP across all products of rubber gloves as a result of the intense competition and oversupply situation while sales volume grew by 5.6%. The slight decrease in the cost of goods sold from the decrease in the price of raw materials of both NR and NBR latex while other costs, chemical, energy, and packaging had increased. 5. $SINGAPORE TECH ENGINEERING LTD(S63.SI)$ Singapore Technologies Engineering Ltd share price is up 12% in the last three years, slightly above the market return. SWOT Analysis for Singapore Technologies Engineering: Strength includes debt being well covered by earnings and the Balance sheet summary for S63. The weakness is Earnings declined over the past year. The dividend is low compared to the top 25% of dividend payers in the Aerospace & Defense market. Opportunity focuses on Annual earnings are forecast to grow faster than the Singaporean market. The current share price is below our estimate of fair value. The threat is debt is not well covered by operating cash flow. Dividends are not covered by earnings. Revenue is forecast to grow slower than 20% per year. The SG earnings for next week: $CapLand China T(AU8U.SI)$, $FIRST REAL ESTATE INV TRUST(AW9U.SI)$, $IFAST CORPORATION LTD.(AIY.SI)$, $IREIT GLOBAL(UD1U.SI)$, $PARKWAYLIFE REIT(C2PU.SI)$ $Horace Mann Educators(HMN)$, $CapLand India T(CY6U.SI)$, $DigiCore Reit USD(DCRU.SI)$, $ESR-REIT(J91U.SI)$, $FRASERS CENTREPOINT TRUST(J69U.SI)$, $STARHILL GLOBAL REIT(P40U.SI)$, $SUNTEC REAL ESTATE INV TRUST(T82U.SI)$ $LIPPO MALLS INDO RETAIL TRUST(D5IU.SI)$, $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$, $Mapletree PanAsia Com Tr(N2IU.SI)$, $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $CapLand IntCom T(C38U.SI)$, $CDL HOSPITALITY TRUSTS(J85.SI)$, $FRASERS HOSPITALITY TRUST(ACV.SI)$, $MICRO-MECHANICS (HOLDINGS) LTD(5DD.SI)$, $WILMAR INTERNATIONAL LIMITED(F34.SI)$