Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) wasn’t feeling too well today as it spent the entire day in the red and ended up losing 0.7% to 3284. More than three quarters of the STI components were also in the red today so there’s plenty of company among the losers. But, we’ll like to focus our attention on some of the market winners.

SembCorp Industries (SGX: U96) was one of the rare winners within the STI with a 0.8% gain to $4.94. Last Friday, the utilities and marine company announced that it will be developing a new ‘energy-from-waste’ facility in Teesside, UK in a joint venture with SITA UK and  ITOCHU Corporation. The green facility is estimated to use up to 450,000 tonnes of waste per year to produce energy which would otherwise have to be produced from fossil fuels, reducing annual carbon emissions by 130,000 tonnes. In total, SembCorp now has renewable energy capacity in excess of 330 MW that are either in operation or development.

In the real estate investment trust (REIT) space, we have Mapletree Commercial Trust (SGX: N2IU) as one of the winners – its unit price rose by 1.1% to $1.43. The office and retail REIT had released its full year results yesterday evening and its yearly distribution per unit (DPU) clocked in at S$0.065, which was 20% higher than the IPO forecast of S$0.054 (MCT had its IPO on April 2011). The REIT’s DPU of S$0.065 was also 23% higher than last year’s S$0.053. MCT’s selling for 1.4 times its net-asset value of $1.06 at current prices and would fetch a distribution yield of 4.5% based on a DPU of S$0.065.

Raffles Medical Group’s (SGX: R01) shares inched up by 0.3% to $3.36. The health-care company will release its first quarter results next Monday and investors will be keen to find out if it can keep its growth. Last year, RMG’s top-line grew by 14% to S$311.6m while profits rose by 13% to S$57.2m. Shares of the company are selling for a lofty 32 times earnings with a dividend yield of 1.3%.

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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.