Three Shares that Beat the Market Today


It’s been a bad day for our local stock market. The blue chips were roundly routed as the Straits Times Index (SGX: ^STI) dropped 1.2% to 3,124 points.

Out of the 30 constituents within the index, only Hongkong Land Holdings (SGX: H78) and Thai Beverage (SGX: Y92) managed to end the trading session in the green. The former’s up 1.1% to US$5.80, while the latter managed to put on 2.1% to S$0.49.

Let’s take a look at some of the other shares that managed to post gains and beat the index.

Swissco Holdings (SGX: 5FD) climbed 6.6% to S$0.325 today. The company, which provides marine services for the offshore oil & gas and shipping industries, announced yesterday evening that it has enhanced its fleet of vessels with new additions that are worth a total of S$42m.

Swissco has placed orders for two anchor handling tug supply vessels (AHTS) and a fast utility/crew boat with an option for a second one. These purchases are used to renew the company’s fleet to maintain a low age profile and are part of Swissco’s overall strategy of maintaining a competitive and modern fleet of vessels available for charter.

Robert Chua, executive chairman of Swissco, commented on the fleet-additions: “We believe that the heightened demand for offshore support vessels will remain sustainable on the back of healthy level of activities in the robust oil and gas industry and we will continue to tap on this growing demand by enhancing our fleet capabilities through our vessel expansion and fleet renewal program.”

Technics Oil & Gas (SGX: 5CQ), a company that serves the oil and gas industry, is somewhat surprisingly up 3.1% to S$0.675 today. Last Thursday, it reported its full-year results and the numbers weren’t pretty.

For the 12 months ended 30 Sep 2013, revenue had slipped by 73% to S$41m. Meanwhile, the company had made losses totalling S$9.9m, a far cry from the S$20.3m in profits it earned in the previous year.

Resort, spa, and hotel operator Banyan Tree Holdings (SGX: B58) is last on the list with a 1.5% gain to S$0.67.

The company had recently issued S$50m worth of notes (i.e. debt). The notes carry a fixed annual interest rate of 5.35% and will be due on Nov 2018. Prior to the note offering, Banyan Tree’s latest third quarter balance sheet shows it carrying S$243m in cash & investments while having a total debt load of S$419m.

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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.