Three Shares That Beat The Market Today

The Straits Times Index (SGX: ^STI) gained 0.1% to 3,206 points today. 18 shares within the index’s 30 constituents made some headway, while 10 shares lost ground.

Let’s take a look at some shares that ended the day with bigger gains than the index.

Casino and resort operator Genting Singapore (SGX: G13) rose after releasing its third quarter earnings yesterday evening, putting on 1% to S$1.53. The company saw a 16% year-on-year growth in quarterly revenue to S$777m as its profits jumped by two-thirds to S$223m.

Genting commented that “both the gaming and non-gaming business segments performed better” in its flagship business in Singapore Resorts World Sentosa. The company also mentioned that it is “monitor[ing] with great interest the legislative passage of the Integrated Resort Execution Law in Japan” as it seeks to expand in the gaming, leisure/entertainment and hospitality sectors in the Asian region.

Sarin Technologies (SGX: U77) gained 0.8% to S$1.915, likely on earnings-related news as well. The company develops and manufactures advanced planning, evaluation, and measurement systems for diamond and gemstone production.

It reported third quarter earnings on Monday and blew through the numbers as revenue for the quarter surged 48% year-on-year to US$17.4m while profits grew 22% to US$3.08m.

The company said that its third quarter results “once again vindicate [its] strategy to focus on recurring revenue models, as the quarter evidences how this strategy has helped to mitigate the volatility associated with the sales of capital equipment.”

Despite the positives in Sarin Technologies’ quarterly earnings, the company did sound out concerns regarding the diamond industry in India, where the bulk of its revenues are generated. The company commented that the Indian currency’s devaluation against the US dollar as well as policies aimed at tightening credit “continue to not bode well for the diamond industry in India.”

Finally, we have ARA Asset Management (SGX: D1R), which went up by 3% to S$1.875 today. Straits Trading Company (SGX: S20), or STC for short, recently became a 20% owner of ARA in a strategic alliance.

ARA, a real estate fund management company, would henceforth be managing STC’s entire investment property portfolio.

In addition, STC and ARA’s chief executive, John Lim, would be providing the real estate fund management company with up to S$950m of seed capital commitments to undertake new fund product launches by its private-fund-arm.

As my fellow Fool Sudhan wrote, “shareholders of both companies may see this as a win-win situation.”

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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.