SGX Invest

👷 Stock of The Week: Wee Hur (SGX: E3B)

- Back in Aug, Wee Hur reported 1HFY24 profit from continuing operations at S$75.07m, a 488% increase from S$12.77m in 1HFY23, primarily due to improved performance at Tuas View Dormitory and higher profits from investments in associates and joint ventures.

- Prior to the Group’s 1HFY24 results, the share price stood at S$0.22. The stock began to see momentum in Sep and is now among the 100 most traded stocks this year, booking net institutional inflows of S$2.3m in 1H24 and S$6.2m for 2H24 through to Oct 18.

- Wee Hur clarified last week that it is in early-stage confidential discussions with a third party regarding its purpose-built student accommodation business in Australia. The stock ended last week up 19.4% to S$0.43, putting its P/B to near 0.60x, which is more than 2 S.D. above its 5-year P/B average, and around 1 S.D. above its 10-year average P/B.

*All data as of 21 Oct 2024

➡️ For more information on Wee Hur, visit bit.ly/3Ui0Mun

🏋️‍♀️ Financial Empowerment for Women - Mastering the Basics of Investing and ETFs
Date/Time: 6 November (Wed), 7.30pm

Imagine a life where you have the freedom to pursue your dreams, support your loved ones, and face any financial challenge with confidence. Achieving financial independence is the key to unlocking this secure and prosperous future. Building wealth is not just about accumulating money, it's about creating a stable financial foundation that allows you to live life on your terms.

Join us at this exclusive webinar and discover the three key pillars that drive wealth accumulation: earning, saving, and investing, and be introduced to the various types of investments available in the market!

➡️ Visit bit.ly/3YlFK01 to register.

🌆 REIT Watch - S-REITs announce their schedule for upcoming earnings season

Around three-quarters of REITs and property trusts in Singapore have confirmed the release dates for their financial results or business updates for their respective periods ended 30 Sep 2024. The S-REIT sector has now become one of the top four sectors for net institutional inflows since 30 Jun.

▶️ Find out more about S-REITs' recent developments at bit.ly/3UhDi8m or BT's REIT Watch page.

📣 Earnings Calendar - 21 October 2024 to 25 October 2024

14 SGX-listed companies, including 5 STI constituents, will be announcing their financial results and business updates this week.

🔖 Bookmark our Economic Calendar bit.ly/3SgWRgg for weekly updates of key macroeconomic events, earnings releases and corporate actions in the global and Singapore markets!

#SGXSecurities #STI #CorporateEarnings

Companies in the Spotlight

⛏️ CNMC Goldmine | 10 in 10 | Mining More Gold bit.ly/3A0uSLQ

🚢 COSCO Shipping International (Singapore) | kopi-C | COSCO Shipping International (Singapore) Chairman and President: ‘Success comes to those who are prepared’ bit.ly/3BVlfyw

🏨 United Hampshire US REIT | 22 Oct | SIAS Corporate Connect bit.ly/45gzCIl

📊 S-REIT Ebb & Flow: From Q3 Gains to Recent Declines

Over the past four weeks, the iEdge S-REIT Index experienced a slight decline, following on from the rally in anticipation of the 50 bps rate cut delivered at the Sep 18 FOMC. The Index's 3.8% decline from the Sep 20 high has coincided with the resilient US economy and FFR expectations rising by 18 bps post-Dec 18 FOMC and 45 bps post-Mar 19 FOMC.

Aside from the recent reprieve in financing costs, key growth drivers for S-REITs in 2H24 include occupancy rates, positive rental reversions, and asset enhancement initiatives.

▶️ Find out more about the performance of S-REITs here bit.ly/4havK15

🇹🇭 Thai SDR September Highlights: Thai Stock Market Rebounds +13% in 3Q 2024

📈 Drivers of Thailand’s recovery
• US rate cut boosts appeal of Thai assets, leading to increased net foreign inflows
• Appointment of new Prime Minister saw greater political stability and cash injections of THB 14.2B into Thai economy
• Thai state-controlled Vayupak Fund fundraised THB 150B, set to boost local stock market
• Thailand’s economic recovery to accelerate, with IMF forecasting GDP growth of 2.7% in 2024 and 2.9% in 2025

📢 Sectors benefiting from new policies
• Tourism – Airports of Thailand
• Consumer – CP ALL
• Telecommunication – Advanced Info Service

➡️ Visit bit.ly/42gOfby for more reports on the underlying Thai securities of SDRs.

SGX Academy Events Coming Up

🇺🇸 22 Oct: Magnify your US Stock Exposure with DLCs on SGX
🏦 23 Oct: Kickstart your Investments using ETFs
💰 24 Oct: Make Trading Your Source of Income
⏲️ 29 Oct: Timing the Market with Price and Volume Analysis

Visit bit.ly/44WSMRG for more educational programmes run by SGX Academy.

🍜 Food Innovators Holdings (FIH) - Innovator of Exciting & Delicious Cuisines - Debuts on SGX

Food Innovators Holdings (FIH) made its trading debut on 16 October on the SGX through an initial public offering (IPO), with an invitation market capitalisation of $24.9m. The company is a restaurant operator specialising in traditional Japanese and Japanese-inspired European cuisines, and has restaurants across Japan, Singapore and Malaysia, including popular names such as unagi restaurant Man Man and tempura rice bowl outlet Tendon Kohaku.

▶️ Read more about Food Innovators Holdings here at bit.ly/3U8NLD2

💰 Gold price reaches historic highs amid rising risk sentiment and lower real interest rates

• The AUM of the SPDR Gold ETF listed on SGX (Ticker: O87/GSD) surged to a four-year high of S$1.7 billion, driven by four consecutive months of inflows totalling S$146M.
• Its average daily turnover in Q3 24 doubled from the same period a year ago, showing a +126% YoY increase.
• Increased demand and trading interest were driven by heightened perceived geopolitical risks and a declining real interest rate environment, prompting investors to turn to Gold ETFs as a safe haven and inflation hedge.

➡️ To find out more about SGX-listed ETFs, visit sgx.com/etf

📣 Gong! Join us on Facebook Live http://bit.ly/3cIxdNt at 8.41am SGT tomorrow as we countdown to the listing of Food Innovators Holdings Limited, an F&B group specialising in Japanese cuisine with 26 restaurants across Asia.

For more information on this listing, visit bit.ly/4eVxkCo.

#SGXSecurities #CapitalMarkets

📈 Policy Shifts & Market Dynamics Fuel Trading Activity

Since late Aug, institutional investors net bought S$1.4b in Singapore stocks, a significant turnaround from the S$1.3b net outflow earlier in the year. The economic developments and recent fund flows have culminated with the STI returning to 17-year highs, in addition to a surge in trading activity, spurring increased participation across various security products listed for trading on SGX.

❓ Find out the 10 local stocks with the most net institutional inflow from 30 Aug to 9 Oct here: bit.ly/3Y86hwy

🔧 Stock of The Week: ST Engineering (SGX: S63)

- ST Engineering’s revenue grew 14% YoY in the first half of 2024, with net profit up 20%. The stronger revenue was driven mainly by their Commercial Aerospace and Defence & Public Security segments, with revenue growth of 20% and 12% YoY respectively.

- ST Engineering also saw S$6.1b in contract wins for 1H2024, bringing their total order book to S$27.9b.

- The group sees opportunities in aerospace, smart city, defence and public security industry domains despite challenges in the operating environment. Management remains confident in in achieving “long-term sustainable growth”, supported by the robust order book.

- At its closing price of S$4.67, ST Engineering has a market cap of S$14.6bn. The company trades at a dividend yield of 3.4%, with a 12-month consensus target price of $4.99 on 12 buy and 2 hold recommendations.

*All data as of 14 Oct 2024

➡️ For more information on ST Engineering, visit bit.ly/3YlQXOd

🎉 The full suite of U.S. Magnificent 7 DLCs is now available on SGX! 🚀
Issued by Société Générale, these DLCs offer 3x Long or Short exposure on Tesla, Nvidia, Apple, Amazon, META, Microsoft, and Alphabet.

📊 How can I trade U.S. DLCs?
1. Intraday trading: Profit from market-moving events (e.g., Tesla’s robotaxi news on 11 Oct SGT, with stock amplitude of ~9%).
2. Swing trading: Ride short-term trends (e.g., Nvidia gained ~8% between 4-8 Oct, with its long DLC yielding ~26% returns).

Note: DLCs are leveraged instruments.
While gains are amplified, losses can be magnified, with a risk of losing the entire invested capital.

Learn more at www.sgx.com/dlc or join our webinar at bit.ly/3BJZIZP

SGX Academy has been at the forefront of investor education with year-round programmes. For World Investor Week 2024, SGX Academy have curated a series of webinars to boost your financial literacy and investment skills. Don’t miss out and register via the links below!

📚 15 Oct: Get Started: Beginner’s Guide to Investing bit.ly/3Ua2eyD
🧩 17 Oct: Get Skilled-Up: Building a Resilient Portfolio bit.ly/3U7Zn9n
🏖️ 22 Oct: Get Ready: Retirement Planning – Maximising your Nest Egg bit.ly/3Yo0eph
🦸‍♀️ 6 Nov: Financial Empowerment for Women: Mastering the Basics of Investing and ETFs bit.ly/3YlFK01

Companies in the Spotlight

🛠️ Dyna-Mac | 10 in 10 | Global Multi-Disciplinary Contractor for the Energy Market bit.ly/4eKdIS0

🔎 Marco Polo Marine, Mermaid Maritime & Sheffield Green | 16 Oct | SGX Discovery Series Seminar | Offshore Energy - Powering a New Tomorrow bit.ly/3XWkfDa

🏨 IREIT Global | 15 Oct | SIAS Corporate Connect Webinar bit.ly/45gzCIl