To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,302.66 points, up 0.07% points in the past 5 days. The earnings calendar is attached at the end of the article. During the last 5 trading days, $TJ DaRenTang(T14.SI)$, $SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$, $MANDARIN ORIENTAL INTL LTD(M04.SI)$, $TOP GLOVE CORPORATION BHD(BVA.SI)$ and $OUE COMMERCIAL REIT(TS0U.SI)$ are the top 5 Weekly gainers, up 11.17%, 9.55%, 6.47%, 6.45% and 6.25% respectively. $TAN CHONG INT'L LTD(T15.SI)$, $GOLDEN AGRI-RESOURCES LTD(E5H.SI)$, $FIRST RESOURCES LIMITED(EB5.SI)$, $HO BEE LAND LIMITED(H13.SI)$ and $KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln. Below are key analyses of the TOP 5 gainers: 1. $TJ DaRenTang(T14.SI)$ Compared Tianjin Pharmaceutical Da Ren Tang Group's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 12% in the same period. Tianjin Pharmaceutical Da Ren Tang Group has a healthy combination of a moderate three-year median payout ratio of 37% (or a retention ratio of 63%) and a respectable amount of growth in earnings as we saw above, meaning that the company has been making efficient use of its profits. Additionally, Tianjin Pharmaceutical Da Ren Tang Group has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. 2. $SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$ The annual general meeting was on 10 April. Sri Trang Group is The World‘s Leading Fully Integrated Green Rubber Company that provides a high quality of life for every life and the planet. They are able to satisfy all rubber products customers on a global scale. As a green rubber company, they are a fully integrated rubber company that conducts business with transparency and fairness to produce quality and environmentally friendly products and that cares about all stakeholders in the supply chain, from upstream to downstream. 3. $MANDARIN ORIENTAL INTL LTD(M04.SI)$ Mandarin Oriental International has a ROCE of 0.4%. It under-performs the Hospitality industry average of 2.1%. To be more specific, ROCE has fallen from 3.7% over the last five years. Although, given both revenue and the number of assets employed in the business have increased, it could suggest the company is investing in growth, and the extra capital has led to a short-term reduction in ROCE. And if the increased capital generates additional returns, the business, and thus shareholders, will benefit in the long run. While returns have fallen for Mandarin Oriental International in recent times, sales are growing, and the business is reinvesting in its operations. 4. $TOP GLOVE CORPORATION BHD(BVA.SI)$ Top Glove released its fiscal 2023’s second quarter earnings for the period ending 28 February 2023. On a quarter on quarter basis, its numbers remained relatively flat. Revenue dipped by 2% qoq from RM 633 million in 1Q FY2023 while net loss was 2% lower qoq. The good news is that sales volume grew 6% qoq as customers showed signs of replenishing their inventories. The group reported a free cash outflow of RM 272.2 million for 1H FY2023, a sharp improvement over the free cash outflow of RM 571.3 million in the previous corresponding period. 5. $OUE COMMERCIAL REIT(TS0U.SI)$ OUE Commercial REIT will release its business updates for FY2023 Q1 on 2023-05-04. A major milestone for the REIT is the successful completion of its $150 million asset enhancement initiative. The hotel is now the largest Hilton property in the Asia Pacific region, as well as the flagship property in Singapore. It partially opened in February 2022 and has been fully operational since January 2023. Hilton Singapore Orchard’s FY 2022 revenue per available room ("RevPAR") of $318 has also surpassed the previous RevPAR highs of the property before its re-branding. Distribution per unit (DPU) decreased from 2.60 cents to 2.12 cents, a significant decline of 18.5%, even though the trust is one of the largest diversified SGX-listed REITs. The 2022 DPU was boosted by $4.6 million in partial distribution of divestment gains from OUE Bayfront. The REIT’s portfolio of core Grade A commercial assets contributed $173 million or 72% out of the total revenue of $241.5 million. The SG earnings on next week: $KEPPEL DC REIT(AJBU.SI)$ $KEPPEL-KBS US REIT(CMOU.SI)$ $SABANA SHARI'AH COMPLIANT REIT(M1GU.SI)$ $KEPPEL REIT(K71U.SI)$ $UNITED OVERSEAS INSURANCE LTD(U13.SI)$ $KEPPEL CORPORATION LIMITED(BN4.SI)$