Three Shares That Beat the Market Today


The Straits Times Index (SGX: ^STI) is up 0.5% to 3,186 points. Given the positive showing that Singapore’s flagship stock market benchmark had, it wouldn’t be much of a surprise to see that there were more winners than losers among the index’s 30 constituents today.

18 of the blue chips had ended the trading session with gains while nine others had, unfortunately, made some losses.

Let’s check out some shares that made solid headway today.

Mermaid Maritime Public Company (SGX: DU4) is up 6.3% to S$0.42 after releasing its full-year results yesterday evening.

The provider of subsea and drilling services for the offshore oil and gas industry saw great growth in both its top and bottom line for the year. Revenue was up 47% to US$270m while profits leaped 389% to US$16m.

Going forward, management is “cautiously optimistic that the outlook in the offshore oil and gas industries will remain positive in the next 12 months, given the stable oil price and continued spending by oil and gas companies in exploration and production activities.”

In addition, Mermaid is experiencing “greater demand for its subsea vessels and related services as evidenced by higher number of contract awards secured.” The company’s offshore drilling segment also faces “favourable” demand-supply dynamics as seen by industry day rates and utilization.

Shares of Marco Polo Marine (SGX: 5LY) have gained 2.6% to S$0.395. The company, which provides ship chartering and shipyard services, announced its full-year earnings on Tuesday evening.

Marco Polo’s revenue is up 4.1% from the previous year to S$93.5m, while profits were 4.7% higher at S$22.3m. The top-line growth was driven largely by its ship chartering business, particularly from the offshore operations.

In news that would perk up the ears of dividend-hungry investors, the company also declared an interim special dividend of S$0.014 per share, an increase of 75% over the special dividend of S$0.008 per share declared for the corresponding period last year.

Finally, we have Global Logistic Properties (SGX: MC0). Its shares are up 2.1% to S$2.97. The provider of modern logistics facilities had recently leased 140,000 square feet (sq ft) of space at GLP Park Suzhou in eastern China to Geodis Group, a leading global supply chain solutions provider.

Prior to this announcement, Geodis was already leasing 495,000 sq ft of space with GLP across three cities in China and Brazil, and had been a customer since 2009.

GLP’s huge network of modern logistics facilities spread across China, Brazil and Japan has been a source of competitive advantage for the company.

And, that is evident from the comments made by SK Yeung, managing director of Geodis Wilson Greater China, regarding the signing of the new lease: “We are pleased to expand our relationship with GLP through this new agreement. We have been very satisfied with their extensive network, high-quality facilities and professional service. GLP is the first place we look when we expand in China, and we look forward to strengthening our relationship further.”

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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.