As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,974.24 points, up 1.22% points last week.
During the last 5 trading days, $Sinarmas Land(A26.SI)$, $Centurion(OU8.SI)$, $YZJ Fin Hldg(YF8.SI)$, $SingPost(S08.SI)$ and $First Resources(EB5.SI)$ are the top 5 weekly gainers, up 23.08%, 11.61%, 9.66%, 8.85% and 8.02% respectively.
$NIO Inc.(NIO.SI)$, $Top Glove(BVA.SI)$, $SIA Engineering(S59.SI)$, $Meituan HK SDR 5to1(HMTD.SI)$ and $Airports of Thailand NVDR(TATD.SI)$ are top 5 decliners of SGX stocks which market capital above S$1 Bln.
Below are key analyses of the TOP 5 gainers:
1. $Sinarmas Land(A26.SI)$
Recent Financial Performance: In the first half of 2024, Sinarmas Land reported a net profit increase of 7.4%. This positive financial result may have bolstered investor confidence, leading to increased demand for the stock.
Strategic Acquisitions: The company's recent acquisition of a 91.99% stake in PT Suryamas Dutamakmur Tbk, an Indonesian real estate developer, demonstrates its commitment to expanding its portfolio and strengthening its market position. Such strategic moves can positively influence investor sentiment.
2. $Centurion(OU8.SI)$
Robust Financial Performance: In the first nine months of 2024, Centurion reported a 25% increase in revenue, reaching S$186.5 million. This growth was driven by strong occupancy rates and favorable rental adjustments in their Purpose-Built Workers and Student Accommodation segments.
Strategic Expansion Initiatives: The company is strategically expanding into China’s Build-to-Rent market, with plans for further portfolio growth in the coming years. Such strategic moves can positively influence investor sentiment.
3. $YZJ Fin Hldg(YF8.SI)$
Strong Financial Performance: The company reported a 57% increase in earnings per share over the past year, indicating robust financial health.
Attractive Valuation Metrics: Despite the recent price increase, Yangzijiang Financial Holding's price-to-earnings (P/E) ratio remains at 6.8x, which is below the market average in Singapore. This suggests that investors may perceive the stock as undervalued, contributing to increased buying interest.
4. $SingPost(S08.SI)$
Strategic Divestment Announcement: 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 move is part of SingPost's strategy to streamline operations and focus on core competencies, potentially enhancing its financial position and appealing to investors.
Attractive Valuation Metrics: Analyses suggest that SingPost's stock may be undervalued. For instance, a discounted cash flow analysis estimated a fair value of S$1.01 per share, indicating that the stock was trading at a 49% discount at that time. Such valuations can attract investors seeking opportunities in undervalued stocks.
5. $First Resources(EB5.SI)$
Robust Financial Performance: The company has demonstrated strong earnings growth, with a 70% increase in earnings over the past year and a 55% rise over the past three years.
Attractive Valuation Metrics: Analyses suggest that First Resources' stock may be undervalued. For instance, a discounted cash flow analysis estimated a fair value of S$1.42 per share, indicating that the stock was trading at a 5.6% discount at that time.
Positive Market Sentiment: The stock has shown positive momentum, with a 63.9% return relative to the market over the past 12 months. Such trends can attract investors seeking opportunities in stocks with strong upward trajectories.
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