To The Moon

As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,293.71 points, keeping the same points in the past 5 days. During the last 5 trading days, $TOP GLOVE CORPORATION BHD(BVA.SI)$, $SINGAPORE POST LIMITED(S08.SI)$, $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$, $JARDINE MATHESON HLDGS LTD(J36.SI)$ and $JARDINE MATHESON HLDGS LTD(J36.SI)$ are the top 5 Weekly gainers, up 8.00%, 4.72%, 4.70%, 4.40% and 4.18% respectively. $IFAST CORPORATION LTD.(AIY.SI)$, $NIO Inc.(NIO.SI)$, $THOMSON MEDICAL GROUP LIMITED(A50.SI)$, $UNITED OVERSEAS BANK LIMITED(U11.SI)$ and $SPDR DJIA US$(D07.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. $TOP GLOVE CORPORATION BHD(BVA.SI)$ The glove industry is experiencing the effects of normalization after delivering exceptionally high earnings over the past two years, due to the surge in demand for gloves and higher average selling prices (ASPs) during the pandemic. Looking ahead, the group expects the business environment ‘to remain challenging’ into 2023, as customers continue to deplete pipeline inventories and glove demand/supply gradually equilibrates. 2. $SINGAPORE POST LIMITED(S08.SI)$ Singapore Post Ltd. engages in the provision of postal, e-Commerce logistics and retail services. It operates through the following segments: Post and Parcel, Logistics, Property, and Others. The Post and Parcel segment provides services for collecting, sorting, transporting and distributing domestic and international mail as well as sale of philatelic products, agency services and financial services. The Logistics segment offers logistics solutions, comprising freight, warehousing, domestic and international distribution, and delivery services. The Property segment includes the rentals from property rental and self-storage businesses. The Others segment refers to the unallocated corporate overhead items and trade-related foreign exchange translation differences. 3. $JARDINE CYCLE & CARRIAGE LTD(C07.SI)$ Jardine Cycle & Carriage (JC&C) is the investment holding company of the Jardine Matheson Group in Southeast Asia. JC&C seeks to grow alongside Southeast Asia’s urbanisation and emerging consumer class by investing in market-leading businesses. JC&C has a significant automotive presence in the region including Astra and Tunas Ridean in Indonesia, THACO Corporation in Vietnam, as well as the Cycle & Carriage businesses in Singapore, Malaysia and Myanmar. 4. $JARDINE MATHESON HLDGS LTD(J36.SI)$ A look at the shareholders of Jardine Matheson Holdings Limited can tell us which group is most powerful. The group holding the most number of shares in the company, around 35% to be precise, is private companies. Put another way, the group faces the maximum upside potential (or downside risk). And institutions on the other hand have 32% ownership in the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time. 5. $DFIRG USD(D01.SI)$ DFI Retail Group Holdings Ltd. engages in the provision of retail products. It operates through the following business segments: Food, Health and Beauty, Home Furnishings, Restaurants, and Other Retailing. The Food segment comprises of supermarket, hypermarket, and convenience store businesses. The Health and Beauty segment offers personal care and baby care products. The Home Furnishings segment represents the group's IKEA businesses. The Restaurants segment refers to catering associate, Maxim's, a Hong Kong restaurant chain. The other Retailing segment composed of department stores, specialty and Do-It-Yourself stores, and Robinsons Retail. Congratulations, you have found the HAPPYCNY cards. You can leave a message"HAPPYCNY" in the comments section of the post & win 10 Tiger Coins. In addition, the first person to find the HAPPYCNY cards and comment ""HAPPYCNY"" will receive a special gift. Click here to view more details