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Three Shares That Beat the Market Today

StockMarketBoardThe Singapore stock market managed to shake off three consecutive days of losses today as the Straits Times Index (SGX: ^STI) inched up 0.4% to 3297.

HongKong Land Holdings (SGX: H78) was the biggest winner among the STI components today as it increased by 1.7% to $7.30. The property investor, manager and developer, saw its net profit fall by 73% last year to US$1.44b. But, it still managed to hike its dividends by 6% to US$0.17 per share. HongKong Land is part of the Jardine Matheson Group. Other Group holdings in STI components include Jardine Matheson Holdings (SGX: J36), Jardine Strategic Holdings and Jardine Cycle & Carriage.

Investors in BreadTalk Group (SGX: 5DA) can finally find some respite today after three previous days of consecutive losses. Shares in the food & beverage (F&B) retail outlet operator rose by 1.6% to close at $0.98. Thai retail and leisure conglomerate, Minor International, had increased its ownership stake in BreadTalk to 10% recently, causing the latter to be the talk of the town. Following the news, shares of Breadtalk were excited to a 52-week high of S$1.20 before falling to current prices. Its shares currently trade at 23 times earnings and sport a dividend yield of 1.3%.

Sino Grandness Food Industry Group (SGX: JS5) was a big winner today as it jumped by 14.4% to $1.12, even with no apparent news. The company, which manufactures and distributes canned fruits, vegetables and bottled juices, had issued S$22.7m worth of new shares to institutional investors on March 2013. Proceeds from the share placement exercise will be mainly used for capital expenditures and the company’s working capital needs. Sino Grandness also has plans to list its bottled juice subsidiary on the Hong Kong Stock Exchange by October next year.

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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.