๐ ๐ฅ Top movers alert: SATS rise another 3.8%, Wuxi rebounds 4.9%
โ๏ธ SATS continues to move to a new 23-month high, touching $3.71 after its +3.8% climb as of 140PM. The stock is riding on tailwinds from its first quarter 2025 earnings announced last week which surpassed expectations and fueled hopes that the company can sustain its strong earnings momentum
๐ The stock sits as the year-to-date second best performer on the STI with gains of +35% versus the STI's +4.6% return as of 145PM
๐ We have been highlighting SATS as a stock to watch since 23 April 2024 (https://warrants.com.sg/marketnews/highlight/todayhighlight/7423). Since, SATs call warrant SATS MB eCW241002 ( $SATS MB eCW241002 (STBW.SG)$ ) (https://warrants.com.sg/tools/warrantterms/STBW) has gained 47.5% from SGD 0.016 to SGD 0.096, ten times more than SATS' +47.2% share.
๐ก The current trending call warrant SATS MB eCW241030 ( $SATS MB eCW241030 (Q80W.SG)$ ) (https://warrants.com.sg/tools/warrantterms/Q80W) is up 236.4% from SGD 0.011 to 0.037 since its listing date on 27 June 2024 given SATS' +26.6% increase during this period
โน๏ธ Macquarie is listing a new SATS call warrant SATS MB eCW250328 (ZNPW) on Wednesday
๐ Wuxi Biologics: the stock is rebounding off its 52-weeks low with a 4.9% gain today to HKD 10.76. Wuxi's trending call warrant WuxiBio MBeCW250103 ( $WuxiBio MBeCW250103 (EHTW.SG)$ ) (https://warrants.com.sg/tools/warrantterms/EHTW) is also rebounding more than four times more - with a 22.2% return from SGD 0.009 to SGD 0.011 on the back of Wuxi's move.
๐ Wuxi shares have taken a hit since reporting first half-year profit that missed expectations due to margins being negatively impacted by lower plant utilisation and higher operating expenditure.
โน๏ธ Investors keen to trade the short-term upward moves in SATS or Wuxi Bio may wish to consider using call warrants which will move in greater percentages than the shares at a fraction of their share prices.
Get started here: https://warrants.com.sg/education/getstarted
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment