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3 Shares That Beat the Market Today

Cyprus’s banking crisis seemed to be on the backburner for Singapore’s investors today as the local stock market, represented by the Straits Times Index (SGX: ^STI) inched up 0.40% to 3269.

CapitaMalls Asia Ltd’s (SGX: JS8) shares increased by 2.46% to $2.08 today. 2012 was a good year for the shopping mall developer, owner and manager as its profits after taxes and minority interests (PATMI) improved by 19.7% to S$558.8m. Shareholders in CapitaMalls Asia would also have been rewarded by the company’s dividend hikes and more than 70% increase in share price since 2012. The company recently announced a share purchase mandate, subject to shareholders approval, that would allow the company to purchase up to 10% of outstanding shares.

We have another property-related company beating the market today as Hongkong Land Holdings (SGX: H78) shares moved up 2.34% to close at $7.00. The property investor, manager and developer saw its net profit decrease by 73% to US$1.44b in 2012 but there was some good cheer for shareholders as there was a dividend hike of 6% to US$0.17 per share. Management believes the company is still ‘well positioned with its outstanding assets, strong reputation and wide experience of regional markets’ for 2013.

Sheng Siong (SGX: OV8) rounds up the list today with a 1.60% climb in its share price to $0.64. The supermarket chain started from humble beginnings in 1985 with its first store in Ang Mo Kio and has since grown to operate 33 outlets around the nation. The company offered its shares to the public on Aug 2011 for the first time and have seen a doubling of its share price (including dividends) since. 2012 was also a good year for the company as it saw a 10.2% increase in turnover to S$637.3m while profits soared by 52.9% to S$41.7m.

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The Motley Fool’s purpose is to help the world invest, better. 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.StockMarketBoard