Three Shares That Beat the Market Today


The 30 local blue-chips that make up the Straits Times Index (SGX: ^STI) put on a relatively good show today to bring the index 0.3% higher to 3,181 points.

There were 18 shares within that STI that managed to end the trading session with gains while eight others ended the day in the red.

Here are some shares that managed to outperform the index.

C&G Environmental Protection Holdings (SGX: D79) jumped 8.8% to S$0.31 today. Shares of the company have already gained close to 160% in slightly more than a month after it first announced on 23 October that it might be selling its China-based waste-to-energy business; C&G’s shares were trading at only S$0.12 on 22 October prior to the announcement.

It was revealed today that the potential acquirer for C&G’s waste-to-energy business is Nanhai Development Co. Ltd, a China-based company dealing with tap water supply, sewage treatment, solid waste treatment and disposal, gas service, and waste incineration power generational businesses in the country.

Nanhai is listed on the Shanghai Stock Exchange and is currently still in the process of carrying out the necessary due diligence involved with the potential acquisition.

Halcyon Agri Corporation’s (SGX: 5VJ) shares gained 4.3% to S$0.725 after 27.5m newly issued shares were listed and quoted on the Catalist exchange today.

Earlier this month, the integrated producer and merchandiser of Standard Indonesian Rubber had announced that it would be issuing a total of 40m new shares at S$0.72 each to 16 different investors.

The biggest slug’s going to Credence Capital Fund II, who’s buying 12.5m out of the 40m block of new shares. The investor, prior to the placement, was already a substantial shareholder of Halcyon Agri with a 12.1% stake.

The remaining 27.5m shares are spread between 15 other investors, made up of both individual persons as well as companies. This block of shares, which got listed and quoted today as mentioned earlier, would increase Halcyon Agri’s total share count from 330m to 357.5m.

Halcyon Agri floated on the Catalist exchange only on 1 Feb this year at a price of S$0.36 and has done very well since by doubling in price thus far.

Singapore’s flagship full-service carrier Singapore Airlines (SGX: C6L) rounds up the trio with a 2.9% climb to S$10.53. The company made an announcement this morning that sees its joint venture plans with Indian conglomerate Tata Sons Limited – to set up a full-service airline in India – come closer to fruition.

The joint venture was first announced back in September this year and had to be approved by India’s Directorate General of Civil Aviation and Foreign Investment Promotion Board (FIPB). SIA’s announcement this morning was to inform the public that it had secured approval from the FIPB and is now awaiting the other regulator’s decision.

SIA, which would own 49% of the joint venture, sees great growth ahead for the Indian aviation market and has set its sights on capturing some of the benefits of that growth through the collaboration with Tata Sons.

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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.