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Three Shares That Beat the Market Today

Fears over Russia’s attempted aggression toward Ukraine’s sovereign territories seems to have taken a backseat over the week; it’s the fourth straight day of gains for the Straits Times Index (SGX: ^STI) as it moved up 0.2% to 3,136 points.

15 of the index’s 30 constituents ended the trading session with gains while 10 others suffered losses. Let’s take a look at some shares, both within and outside the Straits Times Index, which managed to beat Singapore’s stock market benchmark.

The conglomerate Jardine Matheson Holdings (SGX: J36) rose 1.5% to US$59.99 after releasing its financial results for 2013 yesterday. Revenue at the company was up 2% to US$61.4 billion from US$60.5 billion a year ago while its reported-profits slipped by 6% year-on-year to US$1.57 billion.

In any case, Jardine Matheson Holdings seems intent on enriching shareholders as it declared a final dividend of US$1.03 per share, bringing its dividends for the whole of 2013 to US$1.40 per share. That’s a 4% increase over the dividend of US$1.35 per share that was paid out for 2012.

Global Logistic Properties (SGX: MC0) gained 1.4% to S$2.85. The logistic facilities provider, whose main areas of operations reside in China, Japan, and Brazil, announced yesterday that it would be acquiring 34 assets in Brazil from BR Properties S.A. for BRL 3.18 billion (approximately US$1.36 billion).

These properties comprise 1.2 million square metres of “completed logistics assets” that are 99% occupied and are mainly located in the “primary logistics markets” of Sao Paulo and Rio De Janeiro, Brazilian cities which collectively account for more than 40% of the country’s gross domestic product.

Global Logistic Properties would be buying the whole set of properties with a yield of 9.4% though the purchase is still subjected to “due diligence, regulatory and GLP board approval.”

The company’s latest balance sheet shows it having US$1.26 billion worth of cash and since it intends to fund the purchase without issuing any new shares, it’s likely the company would have to take on additional debt to buy the Brazilian properties.

China Environment (SGX: 5OU) jumped 6.5% to S$0.50. On Wednesday, the industrial waste gas treatment solutions provider revealed that it had managed to obtain bank credit facilities from the Bank of China, one of China’s largest banks, for a total sum of RMB120 million (approximately S$25 million).

For China Environment, this loan deal is a form of recognition of its “strong business prospects… in providing urgent and much needed solutions to China’s deteriorating air quality” by Bank of China.

China Environment intends to use these credit facilities as a strong funding source to help it secure more contracts and “step up the utilisation of [its] new plant in Anhui, [China]”.

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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.