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3 Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) ended the day with a gain of 0.40% to close at 3,308.89 points following the S&P 500 closing at a new 5-year high of 1,530.94 points in the USA last night. Across the region, the Hang Seng Index ended the day with a 0.7% gain to close at 23,307 points while the Nikkei 225 did a little better by ending with a 0.8% gain to close at 11,468 points.

Yamada Green Resources (SGX: MC7), a producer of edible fungi and owner of one of the largest Shitake mushroom cultivation bases in Fujian China, ended today with a 126% gain after its shares went up by 17 cents. The move follows an announcement by the company on 19 February 2013 that it had issued 82,187,000 new ordinary shares at $0.119 per share to a special purpose vehicle wholly owned by Mr. Sam Goi Seng Hui, who is the Executive Chairman of Tee Yih Jia Group and Yangzhou Junhe Real Estate Group. The company intends to use the net proceeds of around S$9.5m for ‘general working capital’ needs as well as to ‘fund future acquisition and expansion’.

The health care and leisure company, Haw Par Corporation (SGX: H02) saw its shares rise by 3.3% to finish the day at $7.18. The company’s latest third-quarter results saw quarterly revenue and profits jump by 6.7% and 173.8% respectively year-on-year. The company said it expects its Healthcare and Leisure divisions to ‘face rising operating costs’ and tougher competition. The company will report its full-year numbers on 27 February 2013.

Moving to the financial sector, United Overseas Bank (SGX: U11) cruised 0.88% higher to $19.52 per share. Investors are anticipating the bank’s results after Overseas-Chinese Banking Corporation (SGX: O39) said full-year net profit jump by more than 73% to S$3.99 billion. UOB has already seen its profits increase by 19.1% on a year-on-year basis for the first 9 months. It will release full-year numbers 27 February 2013.

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