Three Shares that Beat the Index Today

Singapore’s stock market went essentially unchanged from yesterday as the Straits Times Index (SGX: ^STI) closed at 3,134 points. 10 of the index’s 30 constituents had endured losses for the trading session while 19 others had managed to make some gains.

What were some of the shares that beat the benchmark index today?

CapitaMall Trust (SGX: C38U) went up 0.5% to S$1.89. The retail mall real estate investment trust reported its full year earnings this morning and saw a 12.9% year-on-year jump in annual net property income to S$503m. Meanwhile, the REIT’s distributable income had grown 12.4% from S$317m a year ago to S$356m.

Some other notable figures include the 3.1% year-on-year growth in annual shopper traffic for the REIT’s malls as well as a 2.5% gain in tenants’ sales per square feet.

Centurion Corporation  (SGX: OU8) jumped 8.5% to S$0.64. The dormitory operator announced on Monday that it has officially opened its 1.4 hectare Westlite Johor Technology Park Dormitory in Johor, Malaysia.

The purpose-built dormitory for workers currently has 5,800 beds with facilities like a supermarket, grooming salon, food court, medical clinic, gymnasium, media room, fitness centre, and internet facilities among others.

It is also the largest of its kind that’s being built and managed in Johor. According to the company’s press release, Westlite is a “reputable manager of purpose built dormitories in Singapore.”

The Johor State Executive Councillor and Chairman of the Johor State Executive Committee for Tourism, Trade and Consumer Affairs, YB Datuk Tee Siew Kiong, also commented on the dormitory:

Westlite has built one of the best fully-equipped accommodation for foreign workers. This dormitory is not just another dormitory; this is the dormitory that will shape and change how dormitories should be, moving forward. This dormitory, with the facilities that it boasts about, is believed to be the first of its kind in the country.”

Centurion is currently operating five worker dormitories with 14,400 beds in total in Johor, with a target of 25,000 beds by 2015. The company’s long term vision is to run as many as 50,000 beds in Malaysia.

GuocoLand (SGX: F17) gained 3.1% to S$2.30. The real estate investor and developer’s Malaysia-listed subsidiary GuocoLand (Malaysia) Berhad had announced its second quarter results yesterday.

For the three months ended 31 Dec 2013, the subsidiary’s revenue had grown 33% year-on-year to RM59.1m while profits slipped 19% to RM13.9m. GuocoLand Berhad’s top-line had grown primarily due to its property development division as revenue started being recognised from on-going projects.

Meanwhile, the subsidiary’s profits were lower mainly because the corresponding quarter a year ago saw its associates’ properties undergo a positive revaluation.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

The Motley Fool’s purpose is to help the world invest, better. Like us on Facebook  to keep up-to-date with our latest news and articles.

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.