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The Singapore Market this Week

The Straits Times Index (SGX: ^STI) gained nearly 100 points, or 3.2%, during the week to reach 3,172 points. Out of the index’s 30 component stocks, 26 finished in the green, three ended in the red and one – Global Logistic Properties (SGX: MC0) – remained unchanged.

The biggest winner in the STI was Jardine Matheson Holdings (SGX: J36), which surged close to 14% to finish the week at US$63.10. Thai Beverage Public Company (SGX: Y92) lost the most ground, closing at S$0.59, down 5.6% for the week.

On Thursday, Thai Beverage announced that its indirect subsidiary, Oishi F&B (Singapore) Private Limited,  would enter into a joint venture with CM Foods Company Limited to tackle the expansion of a restaurant business in Myanmar.

Elsewhere, Indofood Agri Resources (SGX: 5JS) gained 8.5% to close at S$0.995. It was one of the best performers in the mid-cap sector. It made public on Thursday that it will pay a dividend of 0.52 Singapore cents per ordinary share for the financial year of 2013. It will be paid on 20 May 2014.

Another big gainer in the market was Neo Group (SGX: 5UJ); it had surged 10% to close at $0.905. The company released a robust, record-breaking set of results for financial year 2014 (the 12 month period ended 31 Jan 2014) where revenue hit new heights of S$52.4 million, increasing 25.6% year-on-year. Net profit more than doubled – a 112% jump to be precise – to S$6.4 million from the previous year, which was another record. Neo Group would also be paying out its highest annual dividend yet as it declared a final cash dividend of 1.51 Singapore cents per share, bringing total dividends for the year to 2.67 Singapore cents per share, some 78% higher compared to the previous year.

Currently, the STI carries a historical PE ratio of close to 13.8.

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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 contributor Sudhan P doesn’t own shares in any companies mentioned.