Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) ended today with a 1.0% loss to 3,097 points. It was mainly a sea of red within the index’s 30 constituents as 23 shares had lost some ground with only five others making some gains.

But while it was a poor day collectively for the benchmark index, some shares that were not part of it had managed to deliver nice gains.

TT International (SGX: T09) gained 5.5% to S$0.153. The company announced this morning that its 51%-owned warehouse retail project BIG BOX, would be opening in the fourth quarter of this year.

BIG BOX is located adjacent to Jurong East MRT and would offer “400,000 square feet of unique value-for-money shopping experience run by a single operator that is expect to transform retail in Singapore’s Western region.”

Those are ambitious plans by TT International, given that the vicinity of Jurong East MRT is saturated with at least four retail malls at last count. The malls include the trio of Westgate, IMM, and JCbube – which all belong in one way or another to the CapitaLand (SGX:C31) group – as well as JEM. That said, the aforementioned retail malls seem to be offering a different sort of retail experience than what BIG BOX is gunning for.

According to BIG BOX’s chief executive, Wong Ah Long, the warehouse retail project “will have a single vendor who will seek to increase retail volumes and pass on cost-savings to shoppers” unlike “most other malls which function as landlords with tenant retailers.”

The transport, logistics, and warehousing outfit Cogent Holdings (SGX: KJ9) is up 6.7% to S$0.32. In July 2013, the company had announced that it wanted to sell a property to Crane World Asia Pte Ltd for S$10 million. Turns out, the transaction couldn’t go through as the JTC Corporation rejected it (the real estate’s owned by JTC Corporation with Cogent Holdings having the lease).

So, last week, Cogent announced that JTC Corporation would be buying over the lease for S$9.2 million with the purchase to be completed by 30 Sep 2014. According to Cogent, the surrender of the lease for the property would allow the company to “consolidate and rationalise its logistics operations” and would “not have any adverse impact on [its] operations”.

Vard Holdings (SGX: MS7) jumped 4.4% to S$0.94. The designer and builder of offshore and specialised vessels had revealed yesterday that it had signed a Letter of Intent (LOI) with Solstad Offshore ASA in what could be the “largest single vessel order in VARD’s history.”

As a LOI is generally a non-binding document for both parties involved, shareholders of Vard Holdings would have to await further updates for confirmation of the contract. Solstad Offshore’s one of the largest shipping companies in Norway and the LOI was signed for Vard Holdings to design and build a large Offshore Subsea Construction Vessel (OSCV).

The company’s results in 2013 were poor as profits dropped by 56% year-on-year to NOK 357 million. Nonetheless, Vard Holdings ended 2013 with an order book of NOK 19.36 billion, some 28% higher than it was in 2012. With that as a backdrop, among other factors, the company was expecting better financial performance in 2014. This new LOI, if confirmed, might possibly bolster the company’s performance going forward by adding on to its order book.

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.