Three Shares that Beat the Market Today

Singapore’s stock market slumped as the benchmark Straits Times Index (SGX: ^STI) fell 1.9% to 2,991 points.

Most of the index’s 30 constituents – 26 of them to be exact – had made losses in today’s trading session with ComfortDelGro Corporation (SGX: C52) and DBS Group Holdings (SGX: D05) being the only two shares that managed to make some headway. The former inched up 0.3% to S$1.94 while the latter’s 0.4% higher at S$16.54.

Even though the blue chips have had a collectively rough day, there were more than a handful of shares outside the index that made meaningful gains. Let’s take a look at some of them.

PS Group Holdings (SGX: 5WD) has surged 33.3% to S$0.20. The Catalist-listed importer and exporter of fasteners (think screws, nuts, bolts, rivets, washers, clips etc.) had reported its full year results last Wednesday. Annual revenue slipped by 4.3% year-on-year to S$11.8m while profits actually tumbled by 88% to S$131,877.

The company had seen a decline in the general price of its fasteners despite pushing through larger volume, which accounted for the slight dip in its revenue.

PS Group’s profitability suffered however, mainly on the back of much larger administrative expenses, which increased by 26% year-on-year to S$2.38m. Much of the increase in the particular expense can be attributed to an increase staff count as well as expenses related to its listing on the Catalist exchange back in July 2013. PS Group’s shares are currently valued at 87 times trailing earnings.

Property developer Oxley Holdings (SGX: 5UX) gained 8.6% to S$0.57. The company had recently undergone a re-shuffle of its senior management team after Low See Ching was appointed as Deputy Chief Executive Officer on 1 Feb 2014 to assist current Chief Executive Ching Chiat Kwong in “business development… formulation of corporate strategies and charting of the future direction of [Oxley].”

Low was previously Oxley’s Non-Executive Director and had assumed the role of an Executive Director when he got handed the reins as Deputy CEO. Low has an interest in 51% of Oxley, so he does have massive skin in the game. He also brings some experience in property development to the table for Oxley Holdings as he had invested, developed, and launched five property development projects in Singapore between 2005 and 2009.

Finally we have Hwa Hong Corporation (SGX: H19), which has moved up 3.5% to S$0.30. The company, which has interests in property rental, investments, and development, released its full year earnings last Wednesday.

Hwa Hong showed growth in both its top- and bottom-line as revenue grew 8.6% to S$28.6m compared to a year ago while profits jumped 22.4% to S$8.6m. The company’s revenue gains were largely driven by an increase in its rental segment as its Paya Lebar property in Singapore had finally completed its redevelopment works in Feb 2013.

Meanwhile, profits had jumped by a fair bit as Hwa Hong managed to slash most expenses across the board, keeping its operating costs under control.

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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.