The Best Mid-caps This Year

StockMarketBoardIt’s been as tough amongst the mid-caps as it has been for blue chips in the first six months of 2013. Only a third of Singapore’s mid-caps companies were higher at the halfway stage.

Super Group (SGX: S10) was the outstanding performer – up 37%. The food producer posted a 25% increase in first-quarter profits thanks to a 9% jump in sales. The company, which separates its operation into distinct two segments, namely Branded Consumer and Food Ingredients, has an enviable growth record. Since 2007, revenues have doubled to S$519m, while profits have grown from S$29m to S$79m. In the meantime, its Return on Equity has jumped from 10.5% to 20.8%.

Offshore rig supplier Ezion Holdings (SGX: 5ME) has been another solid performer in the first six months of 2013. Its shares are up 25% at half-time. In the first three months, Ezion reported an 80% surge in revenues, which boosted bottom-line profits by 228% to US$46m. Recently, the company announced a potential four-year contract worth US$80m for a service rig to be used by an Asia-based national oil company.

GuocoLeisure (SGX: B16) is a surprising winner at the halfway stage. In May, the hotel group reported a third-quarter loss of US$6.5m. Revenues were also down. Remarkably though, the shares have been on a tear in the first six month of this year. They are up almost 20%. GuocoLeisure, formerly BIL International, owns 37 hotels in the UK under the Guoman and Thistle banners. It also operates the upmarket Clermont Club in London and develops properties in Hawaii

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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 Director David Kuo doesn’t own shares in any companies mentioned.