New warrants and updates on this year's top movers SATs, Seatrium, ST Engineering, Yangzijiang and Xiaomi
Amongst the underlyings that Macquarie Warrants Singapore issued new warrants over this morning, ST Engineering, Yangzijiang and Seatrium rank amongst some of the top index movers on the Straits Times Index this year to date (YTD), while SATs and Xiaomi are amongst the worst performing stocks this YTD on their respective indices
ST Engineering: Currently the best performing stock on the STI with a 34.4% YTD return, the stock has been a beneficiary of ongoing geopolitical tensions this year
The stock was first highlighted as a short-term trading idea by SGX Academy Trainer Joey Choy on 22 January, with the mentioned warrant soaring 83% after 1.5 months as Joey's target price was met on 3 March: https://www.facebook.com/share/p/18H27HYkKN/
The stock has since edged up another 5.6% to yesterday's closing price of $11.32
Yangzijiang: Up 16.4% this YTD, Yangzijiang's shares have benefited from analyst upgrades after the company announced that it would acquire a 10% interest in Poseidon, the holding company of Seaspan, one of the world's largest containership lessors
The closure of the Straits of Hormuz have also led some to believe that demand for new shipbuilding orders may go up as shipping companies seek to expand capacity and replace aging fleets to navigate alternative routes (Bloomberg)
Joey shared his view on Yangzijiang during his One Good Trade Live Show on 5 March: https://www.youtube.com/watch?v=bNlvRfWMCp8
Yangzijiang has proposed to renew its buyback mandate at the upcoming annual general meeting scheduled for 28 April (MT Newswires)
Seatrium: After rallying last week to a new one year high, Seatrium shares - up 13.9% YTD - are currently placed as the 10th best performing index stock on the STI
An impressive YTD result notwithstanding, Seatrium's performance lags that of its offshore and marine peers of Yangzijiang (+16.4%) and Keppel (+15.9%)
The stock has been on an upward momentum since announcing a set of strong FY2025 results on 26 February where it doubled its net profit driven by margin expansion
SATs: The third worst performing share on the STI this YTD with a 6.8% loss, the stock has suffered from poor sentiment following the onset of the Iran war despite announcing strong Q3 earnings just before
SATs has been actively repurchasing shares throughout the year. The company bought back 149,100 shares for SG$525,466 on 1 April, bringing total buybacks under the existing mandate to approximately 16.5 million shares
Could SATs turn its fate around once the Iran war is over?
Xiaomi: Down 18.4% YTD, the stock is down almost 51% since its October 2025 record high of HKD 61.45 10 months ago on 27 June 2025
The company is beset by headwinds ranging from EV safety issues to rising memory chip prices and weak smartphone sales
According to its annual report, the gross profit margin for Xiaomi's smartphones dropped from 12.6% in 2024 to 10.9% for 2025. In the fourth quarter of 2025, the smartphone gross profit margin further decreased to 8.3%
Bloomberg Intelligence has forecasted a 12.5% decline in smartphone shipments for 2026, despite efforts to raise average selling prices
The silver lining for the company comes from its EV business, which turned profitable for the first time in 2025, following the launch of YU7 SUV
The new-generation SU7 is considered highly competitive in the premium EV segment
In the company's AI investments, some analysts are positive that this area will yield results in 2026-2027 and will strengthen the Xiaomi ecosystem
Its current price-earnings ratio of 17.2x is a discount to its three-year average P/E of 45.5x based on Bloomberg data
We had on 13 Feb shared CGS analyst Chua Wei Ren's short-term technical view on Xiaomi shares ((https://warrants.com.sg/marketnews/highlight/todayhighlight/7823)) where the stock unfortunately hit its stop loss level of HKD 30.40 earlier this week
Macquarie's newly listed warrants over the above names enable investors to trade the short-term moves in them with a capital outlay of SGD 0.017 to SGD 0.045 per warrant; they tend to move 3.8 times to 6.6 times more than the underlying shares
SATs call $SATS MB eCW260930(MPEW.SI)$ : https://warrants.com.sg/tools/livematrix/MPEW
Seatrium call $Seatrium MB eCW260930(WDHW.SI)$:https://warrants.com.sg/tools/livematrix/WDHW
ST Engineering call $STEng MBeCW260930(YTMW.SI)$:https://warrants.com.sg/tools/livematrix/YTMW
Yangzijiang call $YangzijiMBeCW260930(ZLBW.SI)$ : https://warrants.com.sg/tools/livematrix/ZLBW
Xiaomi call $XIAOMI MBeCW261103(SYOW.SI)$ : https://warrants.com.sg/tools/livematrix/SYOW
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