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Three Shares that Beat the Market Today

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The Straits Times Index (SGX: ^STI) has ended 2013 on a happy note with its eighth consecutive day of gains as it moved up 0.5% to 3,167 points. That said, it closed 2012 at exactly 3,167 points as well, giving investors in the index a flat year.

As for today, 22 of the index’s 30 constituents had ended the day in the green, while four others made losses.

Let’s take a look at some of the shares that were fortunate enough to close 2013 by beating the index for the day.

Soup Restaurant (SGX: 5KI) climbed 1.9% to S$0.265. The restaurant operator, which counts the eponymous Soup Restaurant brand under its stable, has been busy buying back its own shares in recent times.

For the month of December, the company had bought back some 2.1m shares for a total price of S$514,000. This has also coincided with the company’s 8.3% gain in the past month. Shares of Soup Restaurant are selling for around 25 times trailing earnings.

Offshore and specialised vessel builder Vard Holdings (SGX: MS7) gained 1.2% to S$0.815. The company had revealed yesterday that it had won a contract worth more than NOK1b (around S$210m) from Harkland Group, a global subsea inspection, repair, and maintenance group.

The contract is for the design and construction of one Diving Support and Construction vessel, which is pencilled in for delivery in the second quarter of 2016. There’s an option in the contract for Harkland to order a second similar vessel.

UOL Group (SGX: U14) rounds up the trio, with its shares up 1.1% to S$6.19. The real estate, retail, and hospitality group had announced last Thursday that its 60%-owned subsidiary, Susana Simfoni Sdn. Bhd., would be selling a parcel of land to KSK Group Berhad for RM568m (around S$220m) in cash.

The possibility of the sale of the land, located at Kuala Lumpur, Malaysia, was first explored back in Nov this year.

KSK Group’s subsidiary, Damai City Sdn. Bhd., is the company involved with the land-sale and it has already paid 10% of the purchase price with the balance to be paid when the sale’s completed in about three to four months’ time.

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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 writer Chong Ser Jing doesn’t own shares in any companies mentioned.