Three Shares That Beat the Market Today

StockMarketBoard It’s a good start to the week for our local stock market as the broad market-benchmark, the Straits Times Index (SGX: ^STI), moved up 1.3% higher to 3,088 points. It was mostly a field of green in the index with 25 out of its 30 components ending the day with gains.

While the index had managed to gain some nice ground, there were shares that did even better. Let’s look at some of them.

The market seems to have cheered on Jaya Holdings (SGX: J10) as it climbed 5.7% to S$0.65 following an announcement this morning that it has “appointed advisers to conduct a review of the strategic options available to [it] with a view to enhancing and unlocking shareholder value.”

The company, whose business interests include owning and operating off-shore support vessels for the oil & gas industry, would be updating the public on any new developments following the strategic review.

Jaya Holdings released its full year results about a month ago. It logged a 145% year-on-year growth in annual revenue to US$202m but its profits only managed to increase by 5% to US$46m.

Shares of Yamada Green Resources (SGX: MC7) are up by 9.8% to S$0.225. The company, a shitake mushroom cultivator, had released its full-year results for the financial year ended 30 June 2013 around two weeks ago. It posted an 8% decline in top-line to RMB509m while its bottom-line shrank by 50% to RMB69m.

In addition, it also declared a dividend of RMB0.013 per share for the financial year, subject to shareholders’ approval. It was the first time since at least the financial year ended 30 June 2011 where the company has declared a dividend.

At its closing price today, its shares would carry a dividend yield of approximately 1.2%.

South East Asia’s largest bank by assets, DBS Group Holdings (SGX: D05) gained 2.4% to S$16.57. Finance publication Global Finance recently named the bank as number 12 on its World’s 50 Safest Banks 2013 list, which ranks banks around the globe according to their credit worthiness.

DBS’s second quarter results, released about a month ago, saw it post a new record for half-year profits of S$1.84b.

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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.