Singapore?s stock market barometer, the Straits Times Index (SGX: ^STI) started the week with a small-positive-step forward as it gained 0.1% to 3,208 points. Within the index?s constituents, 13 shares had ended the day with losses and it was the same number for shares that closed today?s trading session in the black.
Let?s take a look at some winners.
Golden Agri-Resources (SGX: E5H) climbed 1.8% to S$0.565 today. Last Wednesday, the world?s second largest palm oil plantation company in the world released an interesting presentation it made for the 2013…
Singapore’s stock market barometer, the Straits Times Index (SGX: ^STI) started the week with a small-positive-step forward as it gained 0.1% to 3,208 points. Within the index’s constituents, 13 shares had ended the day with losses and it was the same number for shares that closed today’s trading session in the black.
Let’s take a look at some winners.
Golden Agri-Resources (SGX: E5H) climbed 1.8% to S$0.565 today. Last Wednesday, the world’s second largest palm oil plantation company in the world released an interesting presentation it made for the 2013 Public Affairs Asia Sharing Value Asia Forum. It details the company’s efforts and commitment in trying to achieve solutions for sustainable palm oil production in the regions where it has business interests.
One striking revelation (for me at least) in the presentation was on how GAR had lost customers in the years before it started environmentally-friendlier business practices: Unilever and Nestle suspended purchases of palm oil from GAR’s subsidiaries in Dec 2009 and April 2010 respectively.
Over the next few years, those customers returned as GAR intensified efforts its efforts in sustainable palm oil production. Nestle resumed purchase of palm oil from GAR in Sep 2011, while Unilever followed suit a month later.
Raffles Medical Group (SGX: R01) moved up by 0.32% to S$3.11 after its third quarter earnings release this morning. The hospital operator had managed to grow quarterly sales 8% year-on-year to S$85m. Meanwhile, profits increased by 10% to S$13.9m.
Management commented that “barring unforeseen circumstances, the Directors are optimistic that [Raffles Medical Group] will continue to grow for the rest of the year.”
United International Securities (SGX: U07) rounds up the trio with a 1.4% gain to S$1.415. It is a closed-end global balanced fund that’s been around since 1978. The fund invests in a mix of equities, fixed income, commodities, cash and other investments around the globe with an objective to “achieve stable long-term income and growth.”
As of 30 Sep 2013, UIS’s top five equity holdings ranked by weight are Samsung Electronics, Cosco Capital, United Asia Pacific Real Estate Income Fund, WisdomTree Japan Hedged Equity Fund and Ping An Insurance (Group) Company of China.
UIS released its third quarter results last Thursday, which saw its net asset value decline of 3.2% year-on-year from S$307.7m to S$297.8m.
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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 owns shares in Raffles Medical Group.