In today’s briefing:
- Market Mechanics: Evaluating Singapore’s Manufacturing and Equities
- OMH: Strong 1H 2024 Metrics Support Company Revenue Growth Guidance
Market Mechanics: Evaluating Singapore’s Manufacturing and Equities
- Singapore’s manufacturing sector saw a reduced contraction of 0.7% in the first five months of 2024, improving from a 4.3% contraction the previous year.
- The iEdge SG Adv Manufacturing Index has also booked more than S$90 million of net institutional inflow in 2024 (up to 8 July) led by net inflows to YZJ Shipbldg, ST Engineering, Venture, SATS and ThaiBev, while Beng Kuang Marine, Dyna-Mac, Frencken, Global Invacom and Marco Polo Marine saw highest net inflow relative to market cap.
- Leading the net institutional inflow for the 2024 year (up to 8 July) within the iEdge SG Advanced Manufacturing Index, were five STI stocks Yangzijiang Shipbuilding, Singapore Technologies Engineering, Venture Corporation, SATS and Thai Beverage: https://investors.sgx.com/securities/stocks?security=BS6 maintains an ROE of 21% and P/B of 4x, compared its 5-year average P/B of 0.9x.
OMH: Strong 1H 2024 Metrics Support Company Revenue Growth Guidance
- OMH expects 1H24 revenue increased >110% y/y.
- OMH views its technology & data as competitive advantages & cites recently launched HomerAI & Property Mgmt.
- unit as key factors behind expected growth.
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