Three Shares that Beat the Market Today

The Straits Times Index (SGX: ^STI) ended a six-day winning streak by the tinniest of margins after it slipped by 0.04% to 3,039 points today.

Within the index, 14 shares had made losses while it was the same number of blue chips that had ended the trading session in the green.

Oversea-Chinese Banking Corporation (SGX: O39) gained 0.5% to S$9.38 after its full-year results for 2013, released this morning, saw it achieve a record net interest income of S$3.88 billion.

All told, the bank’s top-line for the year came in at S$6.62 billion, a 17% decline from 2012, while its profits dropped heavily by 31% to S$2.77 billion. Those figures look bad initially, but it must be noted that 2012 saw a huge one-off income being earned stemming from the sale of the bank’s stakes in Asia Pacific Brewery and Fraser & Neave (SGX: F99).

OCBC’s profits in 2013 were just 2% lower than what it earned in 2012 if those one-off gains were removed from the equation.

Olam International’s (SGX: O32) another blue chip that made the list after reporting its second quarter results for the financial year 2014 this morning. Shares of the commodities trader had moved up 0.7% to S$1.535 for the day.

For the six months ended 31 Dec 2013, Olam had seen a 8% year-on-year decline in revenue to S$8.83 billion while profits (or more appropriately known as profits after tax and minority interests) were down 8.5% to S$180.5 million.

The company had seen a sales volume drop of 5.3% from 7.77 million metric tonnes (MT) a year ago to 7.36 million MT.

Structural steel manufacturer TTJ Holdings (SGX: K1Q) rounds up the trio with its shares climbing 7.1% to S$0.30. The company had revealed yesterday that it had secured new contracts worth S$40 million in total, bringing its order book to S$166 million.

TTJ’s order book is “expect[ed] to be completed substantially in 2015 and 2016.” The new contracts would, among others, entail the company providing structural steel work to DUO, a mixed-used real estate development located at Rochor Road/Beach Road/Ophir Road in Singapore. The company also has a “number of defence-related projects in the public sector” within the contracts it has on hand.

Teo Hock Chwee, TTJ’s chairman and managing director, commented on the contracts: “T T J is starting off in a strong position in 2014 by clinching these sizable projects. Our healthy order book is well-diversified with mix of industrial projects on Jurong Island, infrastructure and defence projects for the public sector in Singapore as well as large-scale commercial projects such as Tanjong Pagar Centre, Mediapolis @ one-north and now DUO. We believe there will be many business opportunities ahead in view of the continuing positive construction industry outlook in Singapore.”

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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.