MENU

3 Shares That Beat The Market Today

Following last night’s 1% fall in the S&P 500 index in USA, the Straits Times Index (SGX: ^STI) saw red as well with a 0.6% decrease to 3,288 points. In spite of the STI’s fall, there were some shares that ended the day with some nice gains.

Maxi-Cash (SGX: 5UF) jumped 9% to end the day at $0.48 per share. The pawnbroker, which was first listed on the SGX Catalist board in June last year, released full-year results yesterday. The company saw annual sales and net profits increase by 15% and 36% respectively. Sales for 2012 clocked in at $100.5m, while net profits were $4.2m. Management expects to “open additional pawn shops and retail outletsthis year, adding that the new outlets typically incur short-term losses.  However, the company is still confident of ‘continued growth’ in both its pledge book and revenues.

Raffles Education (SGX: NR7), the largest private education group in Asia Pacific, is next in line with a 4% increase in its share price to $0.39 per share. The company, which is participating in the ambitious Iskandar Malaysia development project with 2 education institutes, will issue $80 million worth of notes, due in 2016, with a 5.8% annual interest ‘on or about 22 Feb 2013’. Net profits for the first half of its financial year fell by 42% to $12.1 million.

The environmentally-friendly bulk container packaging solutions company, Goodpack Limited (SGX: G05) saw a 2.7% gain in its shares to end the day at $1.86. The use of the company’s innovative returnable Intermediate Bulk Containers packaging solution has been estimated to save over 20,000 acres of forest each year by customers switching from traditional wood packaging. The company released its half-year results on 6 Feb 2013. Revenues rose 9% year-on-year to US$94.8 million as it grew its market share in the synthetic rubber segments.

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 Contributor Chong Ser Jing doesn’t own shares in any companies mentioned.