Over the weekend, Singapore’s northern neighbours, Malaysia, held their general elections which saw the incumbent National Front party securing victory. The Malaysian markets seemed pleased as the broad stock market index, the FTSE Bursa KLCI climbed 3.4% to 1,752. In comparison, Singapore’s stock market was anaemic as the Straits Times Index (SGX: ^STI) only managed to inch up by 0.4% to 3,382. But despite the small movement in the STI, there were actually some strong winners throughout Singapore. Let’s take a look at some of them.
First on the list is Global Logistics Properties (SGX: MC0) which rose 3.6% to close at $2.90. The logistics facility provider’s shares took a nose dive on February 2013 after a major shareholder, the Government of Singapore Investment Corporation (GIC), sold 600m shares at $2.60. Shares have since climbed 15% from the trough of $2.52 on 4 March 2013. GLP is set to release its full year results on 23 May 2013. Last year, the company saw a 24% decline in annual net profit from $890.8m to $679.8m.
Elsewhere, we see Cordlife’s (SGX: P8A) shares climb by 7% to $0.76. The company, which provides stem-cell banking from the cord blood and umbilical cords, made its debut on the Mainboard stock exchange on 29 March last year. Shares of Cordlife have since increased by 54% from its IPO price of $0.495. In its latest quarterly results released on February, the company saw a 193% increase in quarterly net profit from S$1.93m last year to S$5.64m.
Rounding up the trio, we have the offshore marine logistics provider Ezion Holdings (SGX: 5ME) – shares increased by 4.4% to $2.14 today. The company has been busy snatching up new contracts in the last two months. Ezion announced in April that it had secured a seven year contract that’s approximately worth a total of US$148.6m and earlier in March, there was a US$48m deal that was inked. The company’s slated to release its first quarter results on 9 May 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.