Three Shares that Beat the Market Today

Singapore’s stock market took its cues from falling major stock markets around the world as the Straits Times Index (SGX: ^STI) slipped 0.8% to 3,076 points. The index is now 2.9% lower than its 31 Dec 2013 closing level of 3,167 points.

Coming back to today’s events, only four shares out of the STI’s 30 constituents could make any headway and 25 others actually made losses.

That said, there were shares outside the blue chips that had at least an ‘okay’ day. Let’s take a look at some of them.

Jaya Holdings (SGX: J10) gained 3.1% to S$0.82. The ship owner, builder, and charterer reported its second quarter earnings on Tuesday and for the six months ended 31 Dec 2013, revenues dropped 57% year-on-year to US$62.6m. Meanwhile, profits declined 11% to US$14.9m.

The company’s top-line had slipped drastically due to a sale of a number of vessels which occurred in the corresponding period a year ago. But at the same time, Jaya Holdings’ gross profit margins had managed to improve from 16.9% to 39.6%. That improvement trickled down all the way to its bottom-line, where profits shrunk by a much smaller percentage as compared to sales.

Eurosports Global (SGX: 5G1) finished flat at S$0.27. The company is a distributor of ultra-luxury and luxury automobiles and is actually a new face on the public markets after having listed on the Catalist exchange only last Friday selling 80m shares at S$0.28 each.

The company received about S$8.46m in net proceeds from the offering (after deduction of relevant expenses and proceeds that accrue to existing shareholders who sold shares during the IPO) and will be using roughly S$6m for the expansion of the company in its existing business as well other new luxury lifestyle businesses.

The remaining sums for the proceeds would go toward the general working capital of the company.

Jewellery retailer, financial services provider, and property developer Aspial Corporation (SGX: A30) rounds up the trio having climbed 2.4% to S$0.43. The company announced on Wednesday that it had purchased a S$42.3m property at 70 Southbank Boulevard and 115-131 City Road in Melbourne, Australia.

The property’s a free-hold low-rise commercial building with a total land area of 2,625 square metres and it has two active permits, one of which allows redevelopment into a 388-metre tall building subject to aviation clearance. In light of this, Aspial intends to build a 312-metre residential and commercial tower, which would be the tallest of its kind in Melbourne, and contain 1 million square feet of gross floor area.

According to Aspial, the building’s set to be a “new icon in Melbourne as the tallest tower in the city” and it is also “expected to bring added amenities and additional critical mass to an area widely prevalent for residential, office and hotel uses.”

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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.