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Three Shares That Beat The Market Today

StockMarketBoard Last Friday, the US stock market, measured by the S&P 500 Index and Dow Jones Industrial Average, had climbed 0.7% and 0.2% respectively after the American government shutdown was ended on Thursday. A US debt-ceiling crisis was also narrowly averted in the process.

Asian markets today seemed to have continued the rally, as Japan’s Nikkei 225 Index, Hong Kong’s Hang Seng Index, and Indonesia’s Jakarta Composite Index all had gains of 0.9%, 0.4%, and 0.7% respectively at the time of writing.

Singapore’s also in the fray as our stock market benchmark, the Straits Times Index (SGX: ^STI), has inched up slightly by 0.1% to 3,196. There were 8 losers and 17 winners within the index.

The number of winners within the STI tells us that there’s likely to be quite a few shares that did better than it. Let’s look at some of them.

Wilmar International Limited (SGX: F34) climbed 0.9% to S$3.34. The agriculture business group recently announced that it will be releasing its third quarter results on 7 Nov.

Its second quarter earnings saw an 87% year-on-year jump in quarterly profit to US$219m even as revenue dipped 5.4% to US$10.4b. Let’s see what the upcoming results bring.

Goodpack Limited (SGX: G05) rose 4.8% to S$1.865. The company, which leases Intermediate Bulk Containers (IBCs) to customers, announced last week that it will be issuing S$25m worth of notes (a.k.a. debt) on 28 Oct 2013.

The notes carry an annual interest rate of 4.15% and will mature on 7 Aug 2018. Goodpack had previously issued S$50m worth of notes on 7 Aug 2013 under the same series as the ones announced today.

The company’s last reported financials, for the 12 months ended 30 June 2013, saw it carrying cash of US$229m and total debt worth US$298m. That amount of cash is apparently not enough for Goodpack, which is why it has to issue all these new debt to raise more money for its needs.

It might be do investors well to keep an eye out for Goodpack’s leverage going forward.

Singapore Technologies Engineering Limited (SGX: S63) rounds up the trio today with a 0.7% gain to S$4.23. The engineering company (as its name suggests), had seen its Electronics and Aerospace clinch substantial contracts worth a total of S$416m and S$600m respectively for the third quarter of 2013.

Those contracts will not add to the company’s top and bottom-lines for the remainder of the year, but might bring in future long-term benefits.

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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.