As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,804.26 points, down 0.17% points last week.
During the last 5 trading days, $Delta TH SDR 1to1(TDED.SI)$, $YZJ Fin Hldg(YF8.SI)$, $Golden Agri-Res(E5H.SI)$, $SingPost(S08.SI)$ and $Top Glove(BVA.SI)$ are the top 5 weekly gainers, up 7.93%, 7.14%, 6.25%, 4.67% and 4.17% respectively.
$SATS LTD.(S58.SI)$, $t PTTEP TH SDR(TPED.SI)$, $Sinarmas Land(A26.SI)$, $F & N(F99.SI)$ and $Sri Trang Agro(NC2.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.
Below are key analyses of the TOP 5 gainers:
1. $Delta TH SDR 1to1(TDED.SI)$
Strong Earnings Report: A recent earnings announcement exceeding market expectations could boost investor confidence.
Sector Trends: Positive developments in the electronics or renewable energy sectors may have driven interest in Delta's stock, as they are key areas for the company.
Institutional Interest: Increased buying by institutions or funds might push the stock higher.
2. $YZJ Fin Hldg(YF8.SI)$
Resumption of Share Buybacks: The company resumed its share buyback program after a one-month pause. Share buybacks often indicate management's confidence in the company's outlook and can drive stock demand.
Strong Year-to-Date Performance: Over the past year, Yangzijiang Financial Holding's stock price has appreciated by 39.1%, significantly outperforming the broader Singapore market.
3. $Golden Agri-Res(E5H.SI)$
Recent Share Price Increase: The stock has risen by approximately 3.6% this week, adding around S$127 million to its market capitalization. This increase has brought the five-year total shareholder return to 70%, indicating strong long-term performance.
Analyst Price Targets: Analysts have set an average one-year price target of S$0.278 for Golden Agri-Resources, suggesting potential upside from the current share price. This optimism may have attracted investors, contributing to the recent rise.
Dividend Prospects: The company has a current dividend yield of approximately 2.3%, with a payout ratio of 30%. Attractive dividend yields can draw income-focused investors, potentially driving up the share price.
4. $SingPost(S08.SI)$
Recent Share Price Performance: Over the past week, SingPost's stock has risen by approximately 2.4%. This increase is part of a broader upward trend, with the share price appreciating by 26.1% over the past year, outperforming the Singapore stock market during this period.
Analyst Target Prices: According to recent analyst reports, SingPost has an average target price of SGD 0.677, suggesting potential upside from the current share price. This optimism may have attracted investors, contributing to the recent rise.
Strategic Divestment: In December 2024, SingPost announced plans to divest its Australian business, Freight Management Holdings (FMH), for a cash consideration of A$775.9 million (US$504.1 million). This strategic move is expected to strengthen SingPost's financial position and allow the company to focus on its core operations, which may have positively influenced investor sentiment.
5. $Top Glove(BVA.SI)$
Analyst Price Targets: As of December 15, 2024, consensus estimates have set Top Glove's price target at RM 1.015, suggesting potential upside from the current share price.
Profit Turnaround: In June 2024, Top Glove reported a profit turnaround for the third quarter, which led to a rise in its share price.
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