MENU

3 Shares That Beat The Market Today

StockMarketBoardIn the absence of clear direction overnight from New York, Singapore shares spent most of Tuesday treading water. The Straits Times Index (SGX: ^STI) only managed to eke out a miniscule 0.2% gain of 7.6 points to 3,292 points at the close. That said some shares were far from motionless today.

Singapore Telecoms (SGX: Z74) jumped 1.4% to $3.56 following reports that the company could cut more jobs in IT, marketing and networks department at its Australian unit SingTel Optus. Last week, the company said revenues at Optus fell 6% to A$2.3b amidst a backdrop of an industry slowdown and a mandatory cut in mobile termination rates.

Shares of aero engineer Singapore Technologies Engineering (SGX: S63) were still on the ascent after last Friday’s full-year results. They climbed 3% to $4.18.  Last week ST Engineering, which is one of Singapore’s largest engineering outfits, said annual profits rose 10% to $723m on sales that grew 6% to $6.4b. The company also raised its total payout for the year by 8% to 16.8 cents per share.

Staying with things that fly, Tiger Airways (SGX: J7X) said passenger numbers jumped 42% in January. The budget airline, which models its business on Europe’s Ryanair Holdings (LSE: RYA), said passenger load factor improved by 10 percentage points to 84% from a year ago. Tiger Airways shares cruised 3% higher to $0.75.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your FREE subscription to Take Stock — Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock — Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead. 

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.