Three Shares that Beat the Market Today

Singapore’s blue chips found little to cheer about even with Chinese New Year around the corner as the Straits Times Index (SGX: ^STI) slipped 0.7% to 3,027 points. It was mostly a sea of red as 23 out of the index’s 30 constituents had ended the day with losses while only four had managed to make some gains.

Let’s take a look at some of the shares that made some headway and helped to spread a little joy to their shareholders.

Printed circuit boards manufacturer Multi-Chem (SGX: M06) jumped 7.4% to S$0.13 today after releasing its full year earnings yesterday evening. Annual revenue had increased by 11% to S$263m while profits actually got slashed by 90% to S$611,000.

The company’s gross profit margins had shrunk from 17.6% to 15.6%. That, coupled with increase in costs across the board led to the dramatic decrease in Multi-Chem’s profitability. Nonetheless, the market seems happy enough with the company’s results judging by its share price gains.

Shares of Mult-Chem are currently valued at 433 times trailing earnings.

Rex International Holdings (SGX: 5WH) moved up 2.6% to S$0.60. The oil & gas exploration and production company announced last week that its subsidiary, Lime Petroleum Norway AS, had been awarded five new offshore production licences in the North Sea (two), Norwegian Sea (one), and Barents Sea (two), according to the Norwegian Ministry of Petroleum and Energy’s 21 Jan 2014 press release.

Måns Lidgren, chief executive of Rex International, commented on the new licences: “With this round of awards, we have further grown our portfolio to 12 in Norway, and 21 internationally. We have already within the six-month mark of our listing in July 2013, surpassed our 12-month goal of growing our portfolio to 20 licences, from the initial 10 licences.

In 2014, we will continue to pursue more opportunities to grow our portfolio and with even more geographic diversity to mitigate investment and operational risks.”

Lastly, there’s OSIM International (SGX: O23), which gained 0.4% to S$2.37. The company had announced its full year results a few days back on Monday and managed to achieve an 8% year-on-year increase in annual revenue to S$648m. Meanwhile, profits grew 17% to S$102m.

OSIM’s growth was fuelled by higher consumer demand for its well-ness and lifestyle products, such as massage chairs, nutritional supplements, and luxury tea.

The company had also kept its dividend pay-out for 2013 the same as that for 2012 at 6 Singapore cents per share. At S$2.37 apiece, OSIM’s shares are valued at 17 times trailing earnings and carry a dividend yield of 2.5%.

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.