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Three Shares That Beat the Market Today

Singapore’s stock market edges higher again as the Straits Times Index (SGX: ^STI) gained 0.6% to 3,089 points. Only six out of the index’s 30 shares made losses today, with 19 others making some headway.

There were a number of shares that jumped big after releasing their full-year earnings for 2013 yesterday. Let’s take a look at some of them.

Hengxin Technology (SGX: I85) rocketed to S$0.265, up 55.9%. The company’s an investment holding company whose subsidiaries are involved with the research, design, development, and manufacture of telecommunications and technological products among others.

Hengxin saw its annual revenue for 2013 grow by 9.2% to RMB1.24 billion while profits were up 17% to RMB78.8 million. The company had seen increased demand for its products while its profitability was improved partly as a result of a 79% decline in finance costs to RMB4.24 million as Hengxin managed to secure cheaper loans in 2013.

The company also declared a dividend of 0.42 Singapore cents a share for 2013. There were no dividends for 2012.

Dynamic Colours (SGX: D6U) jumped 13.7% to S$0.199. The company experienced a 9.8% slip in its top-line to US$69.4 million, but managed to see profits inch up 0.7% to S$2.28 million. Despite its flat profits, the company had recommended a final dividend of 2 Singapore cents per share, some 33% higher than in 2012.

Dynamic Colours, which does resin compounding, polyethylene packaging, and injection moulding, had managed to bump up its profit margins due to lower taxes and lower administrative expenses in its business, among other factors.

Last on the list is Baker Technology (SGX: 568) as its shares gained 6.8% to S$0.315. The provider of specialised equipment and engineering solutions for the oil & gas industry had experienced a 15% drop in revenue to S$83.8 million, with profits a whopping 73% lower at S$22.4 million.

Baker Technology’s chairman Lim Ho Seng commented that “business conditions have been challenging, but despite that, the [company] achieved satisfactory profit and continues to have a strong balance sheet with no borrowings.”

The company’s total dividends for 2013 were also cut by 50% to S$0.05 per share. While the figures don’t look too promising, the market’s nonetheless cheered by what it sees, judging from Baker Technology’s share price gains.

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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.