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Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) gained some 0.3% to close at 3,172 points as 17 out of the index’s 30 constituents dragged the index into positive territory with gains of their own. Meanwhile, 10 other blue chips had to make do with losses.

Turning our sights to shares outside the index, let’s take a look at few market beaters.

Neo Group (SGX: 5UJ) climbed by 0.6% to S$0.905 after releasing its full-year results yesterday evening. The caterer and food & beverage retail outlet operator had seen very healthy growth across its top- and bottom-lines.

For the 12 months ended 31 Jan 2014, revenue at Neo Group had jumped by 25.6% to S$52.4 million while profits more than doubled from S$3.0 million to S$6.4 million. The company had cited “robust growth” from its catering segment as the main driver for its nice results in the year.

As a result of the increased profits, dividends at the company also increased. Neo Group had declared a final dividend of 1.51 Singapore cents per share, some 50% higher than the final dividend of 1.01 cents declared for the corresponding period a year ago. In all, annual dividends at Neo Group had increased by 78% from 1.50 cents in the previous year to 2.67 cents.

Milk products manufacturer Etika International Holdings (SGX: 5FR) shares spiked by 14.1% to S$0.49 before it requested for a trading halt which came into effect on 4:35pm. About 50 mins before the halt took place, Etika’s sharp rise had attracted the attention of the stock market operator Singapore Exchange, which led to the latter posting a ‘Please Explain’ to the former. As of the time of writing (5:47pm, 28 March 2013), there’s been no update yet on Etika’s reason for wanting to halt the trading of its own shares nor has there been a response to Singapore Exchange’s query.

Lian Beng Group’s (SGX: L03) shares closed at S$0.60 for a 1.7% gain. The construction and civil engineering outfit has been busy the past few days as it revealed two new joint ventures in Cambodia and China.

Lian Beng would be working with Beijing Jin Hua Tong Da Real Estate Development Company to undertake property development activities in China.

Meanwhile, Lian Beng had joined forces with a Cambodian individual named Lok Oknha Sear Rithy to purchase a property in Cambodia for a total sum of US$64 million. Lian Beng and its Cambodian partner have the intention to redevelop the property but the redevelopment plans are at a “very preliminary discussion stage” and further details will be announced by both parties in due course.

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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.