As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,914.48 points, up 0.48% points last week.
During the last 5 trading days, $HSBC ADR 10(PU6D.SI)$, $ST Engineering(S63.SI)$, $First Resources(EB5.SI)$, $HPH Trust USD(NS8U.SI)$ and $Tencent HK SDR 10to1(HTCD.SI)$ are the top 5 weekly gainers, up 58.76%, 13.31%, 12.33%, 10.91% and 10.08% respectively.
$IFAST(AIY.SI)$, $TCIL HK$(T15.SI)$, $Airports of Thailand NVDR(TATD.SI)$, $Olam Group(VC2.SI)$ and $First Sponsor(ADN.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.
Below are key analyses of the TOP 5 gainers:
1. $HSBC ADR 10(PU6D.SI)$
on March 3, HSBC's shares on the London Stock Exchange reached a 52-week high of £9.50. This peak likely reflects investor optimism following HSBC's strong financial performance in 2024. The bank reported a substantial increase in pre-tax profit for the fourth quarter and full year of 2024, compared to the prior-year period.
2. $ST Engineering(S63.SI)$
Strong Financial Performance: The company reported robust earnings for the fourth quarter and full year of 2024, with revenue increasing by 14% to S$5.52 billion in the first half of 2024.
Positive Analyst Outlook: Analysts have set a 12-month average price target of S$5.23 for ST Engineering, suggesting potential for stock appreciation.
Dividend Announcement: The company declared a dividend of S$0.04 per share, contributing to a forward dividend yield of approximately 3.45%, which may have attracted income-focused investors.
3. $First Resources(EB5.SI)$
First Resources Limited's stock (EB5.SI) experienced a notable increase this week, reaching a new 52-week high of S$1.64 on March 6, 2025. This rise can be primarily attributed to the company's strong financial performance:
The company reported a 19% increase in net profit for the third quarter of 2024.
4. $HPH Trust USD(NS8U.SI)$
Strong Financial Performance: HPH Trust reported a significant increase in earnings, with a trailing twelve months (TTM) earnings of $1.42 billion USD as of February 2025. This improvement reflects the company's robust operational performance.
Attractive Dividend Yield: The trust declared a dividend of HK$0.12 last year, resulting in a trailing dividend yield of 9.3%. Such a high yield is appealing to income-focused investors, potentially driving up demand for the stock.
5. $Tencent HK SDR 10to1(HTCD.SI)$
Tencent Holdings Limited's Singapore-listed stock (HTCD.SI) experienced a rise this week, primarily due to positive market sentiment following strong earnings reports from major technology companies. Notably, JD.com reported fourth-quarter profits that exceeded analyst expectations, suggesting a rebound in consumer spending. This positive performance likely boosted investor confidence across the sector, benefiting companies like Tencent.
Additionally, Tencent's own robust financial position contributes to its stock's attractiveness. As of March 4, 2025, Tencent's market capitalization stood at approximately $565.78 billion.
Comments