SGX Top Volume Counters

Date: 01 February 2019

Investors always take reference on the performance of the stock market in January to predict for the rest of the year. Referencing the first 10 days of January, let’s take a look at the few stocks with high trading volume and find out more on the stock’s performance below based on data extracted from ShareInvestor.com.

Ezion Holdings Limited

Ezion Holdings Limited is a pure marine & offshore services provider. The Group is a leader in the development, ownership and chartering of strategic offshore assets such as Multi-Purpose Self-Propelled Jack-Up Rigs and Premium Offshore Accommodation Vessels.

Ezion has formed a joint venture with China Merchant Group’s 52%-owned subsidiary TSC Group to cooperate in the ownership and operations of liftboats. This venture enhances Ezion’s growth prospects that would otherwise be constrained by its high gearing level. With the recent drop in oil price, Ezion might experience slower recovery, however, its niche competitive edge in liftboats provide a bright outlook for the company during the recent oil crisis.

The stock has a 11.36% increase in the stock price in the first 10 trading days. The volume on 4th and 5th January exceeded the average volume over the past 5 days, and result in price surge. Price surge with such volume are more sustainable as compared to surge without adequate volume.

 

Let’s look at how Ezion is scoring based on ShareInvestor’s grid:

 

Genting Singapore

Genting Singapore is a Singapore-based regional leisure, hospitality and integrated resorts development specialist. The company specializes in developing and operating large scale integrated resorts, investments, casino operations, provision of information technology application related services as well as marketing support services to leisure and hospitality related businesses and investments.

Genting Singapore is one of the top picks by different local brokers such as CIMB, DBS, RHB and UOB. The factors leading to such recommendations includes increase in tourist arrivals, loosen of tap for VIP customers to increase the base as well as anticipated bid for Japan casino licence. Furthermore, it was announced in 2018 that Genting Singapore is expected to announce its RWS rejuvenation plan as part of the government sanctioned Greater Southern Waterfront project.

The stock has a 7.22% increase in the stock price in the first 10 trading days. The pricing started surging on 3rd January before dropping on 8th January. Similar to Ezion, the volume on 7th January exceeded the average volume for the past few days providing sustainability to continue surging from 9th January onwards.

 

Let’s look at how Genting Singapore is scoring based on ShareInvestor’s grid:

 

Thomson Medical

Thomson Medical Centre Limited is a private hospital located at Thomson Road in Singapore. The hospital specialises in gynaecology and in vitro fertilisation. Thomson Medical Centre runs a 24-hour outpatient family clinic, as well as a range of specialist clinics.

In November 2018, Thomson Medical Group unveiled a proposal to spin off its real estate business to existing shareholders via a distribution in specie by way of capital reduction. It added that its real estate business comprising both the design and engineering, and hospitality businesses will be restructured under its current subsidiary, RSP Holdings Pte Ltd.

The stock has a 4% increase in the stock price in the first 10 trading days. The surge started from 4th January where the volume exceeded the past few days.

 

Let’s look at how Thomson Medical is scoring based on ShareInvestor’s grid:

 

Thai Beverage

Thai Beverage, better known as ThaiBev, is Thailand's largest and one of Southeast Asia's largest beverage companies, with distilleries in Thailand, Scotland, and China. The stock was one of the poorer stock in 2018, with earnings impacted by weak alcohol consumption in Thailand.

One of the reasons for low consumption is due to poor rural income as major commodities prices were underperforming. With the prices of commodities bottoming out, it should help improve the purchasing power of farmer. In addition, Thailand government have been dishing handouts ahead of the election, alleviating the farmer’s disposable income. RHB Analyst believe the worst is over for the outlook for alcohol demand in Thailand, as production growth has picked up since October 2018.

Following the loan restructuring, the company now has the majority stake in Sabeco, the largest brewery in Vietnam. Thai Beverage now have greater control of the business, allowing it to reduce Sabeco’s cost structure and increase efficiencies. However, near-term earnings will be slightly dampen due to the absence of interest charged to Vietname Bev after the loan restricting.

The stock has a 20.51% in the stock price in the first 10 trading days. The price started surging from 4th January onwards. There has been a relatively constant volume throughout the period, therefore providing the sustainability for the stock to carry on surging. The price might continue to surge higher if the volume should remain at such level.

 

Let’s look at how Thai Beverage is scoring based on ShareInvestor’s grid:

 

Singtel

Singapore Telecommunications Limited, commonly abbreviated as Singtel, is a Singaporean telecommunications company. The company is the largest mobile network operator in Singapore with 4.1 million subscribers.

With the new telecom company TPG Telecom entering the fray, the telecommunications industry is now more competitive than ever. TPG Telecom prove to be a formidable competitor by differentiating itself and disrupting the market with its unlimited data plan. The situation will change further when they officially enter the market as the fourth mobile operator.

However, TPG Telecom is unlikely to pose a serious threat as Singtel provide services more than just mobile plans. Mobile business only accounts for 7% of group revenue if proportionate shares of its associates’ revenue is included. Singtel’s Enterprise business will benefit from the resumption of smart nation initiatives.

Despite all the competition in the telecommunication industry (both local and overseas), SingTel has sustainably grown its dividend in the last decade. During this period, dividend per share (DPS) was up from 12.5 cents in 2008 to 20.5 cents in 2018. In term of percentage, this is up by 64% for the period.

The stock has a 2.04% increase on its stock price in the first 10 trading days. While the volume traded is high, the price difference does not vary that much.

 

Let’s look at how Singtel is scoring based on ShareInvestor’s grid:

 

To gain more insights of stocks using ShareInvestor’s WebPro, please visit http://www.shareinvestor.com/sg

Happy investing!

 

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