Singapore’s stock market hit a fresh five-year high today as the Straits Times Index (SGX: ^STI) crested to 3,424 points before settling at 3,413 for a 0.9% gain. It was mainly a field of green for locally listed stocks, including Wilmar International (SGX: F34), but there were some unfortunate companies that ended up in the red.
Wilmar released its first quarter results earlier today and saw a 23% rise in quarterly profit from US$225.9m a year ago to US$315.4m. The market seemed pleased with the agriculture business group’s results as its shares ended the day with a 2.1% gain to $3.38.
Now, let’s turn our attention to some of the companies that either lost ground or remained flat today. First up’s Osim International (SGX: O23). The healthy-lifestyle product manufacturer posted a 13% year-on-year increase in profit for the quarter from S$22m to S$25m in its earnings release yesterday evening. It was also Osim’s 17th consecutive quarter of growing profits. But, it was not enough to satiate the market as its shares slipped by 1% to $2.01.
Singapore Technologies Engineering (SGX: S63) is another company whose earnings seemed to have disappointed the market. The engineering firm released its first quarter results yesterday evening, which saw it bringing in the same quarterly sales and profit figures as last year’s S$1.54b and $134m respectively. Shares of the company remain unchanged at $4.37.
ComfortDelGro Corporation (SGX: C52) rounds up our list of losers today as it dropped 0.5% to $1.98. The transport company is slated to release its first quarter results on next Tuesday, 14 May 2013. Investors in ComfortDelGro might also be interested in the results of commercial testing firm Vicom, which will be released on 10 May 2013, as the former owns 60% of the latter.
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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.