Three Shares That Beat The Market Today


It’s been a slow day in Singapore’s stock market as the Straits Times Index (SGX: ^STI) barely moved with a 0.1% bump up to 3,203 points. 17 of the index’s 30 constituents had managed to make some headway in the trading session while 10 lost some ground.

Here are some of the shares that managed to beat the market today.

NSL (SGX: N02) jumped 8.7% to S$1.565. The company had announced in the wee hours of this morning that it would be selling its entire stake in the wholly-owned subsidiary NSL Chemicals (Thailand) Pte ltd, which holds 22.8% of Bangkok Synthetics Co. Ltd (BST)

SCG Chemicals Co. Ltd would be acquiring NSL’s subsidiary for S$328.3m. The latter commented: “BST is now no longer part of NSL’s core strategy and as a result it is now in the best interests of NSL to divest this investment.”

NSL, a manufacturer of construction products and provider of environmental services among others, stands to pocket an estimated S$119.8m in accounting gains from the sale.

Noble Group (SGX: N21) climbed 3.4% to S$1.075. The commodities trader’s third quarter results, which was released last week, saw its profits for the first nine months of the year get slashed by 67% to US$127m

Revenue for the period had actually increased by 5% to US$73.5b, but an accounting loss of US$103m arising from coal miner Yancoal had impacted Noble’s bottom-line. Yancoal, a subsidiary of Noble that’s listed in Australia, had made A$749m in losses for the first six months of the year and Noble has to book its share of losses stemming from the coal miner.

According to Noble, if Yancoal’s losses were stripped away, the latter’s quarterly net profit of US$113m would be its highest since the third quarter of 2010.

Transport firm ComfortDelGro (SGX: C52), whose operations are focused around Singapore, the United Kingdom, Australia, and China, rounds up the trio with a 1.3% gain to S$1.915. Last Wednesday, the company released its numbers for the third quarter of 2013.

Quarterly revenue grew 8.6% to S$978m while earnings per share were up 3.7% to 3.61 cents.

Comfort’s revenue growth would have been even higher at 10% were it not for the negative translation effect of a weaker Australian dollar and Sterling pound. Meanwhile, operating expenses for the company had increased by 9.2% in the quarter as costs for Metroline West and the soon-to-be-operational Downtown Line were incurred.

That translated into slower bottom-line growth for the company.

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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.