Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has moved up by 0.5% to 3,215 points today on the back of gains made by 18 out of its 30 constituents. Meanwhile, six other blue chips had made losses.

Turning away from the index, let’s take a look at three market beaters today.

Construction outfit Lian Beng Group (SGX: L03) rose 6.9% to S$0.695. Last Thursday, the company announced its third quarter results. For the nine months ended 28 Feb 2014, Lian Beng’s revenue had jumped by 67% year-on-year to S$585.6 million while profits rose by the same percentage points from S$30.1 million to S$50.3 million. Much of the company’s growth came on the back of a full recognition of the relevant revenue and expenses from the full sale of its 55%-owned industrial property, M-space, which received its temporary occupation permit (“TOP”) in January this year.

Ho Bee Land (SGX: H13) climbed 6.3% to S$2.36. The real estate developer recently made known that its first quarter results would be released on 28 April 2014. Back in Ho Bee’s full-year earnings release for 2013, the company cautioned that the “real estate sector is expected to face more headwinds this year as the cooling measures implemented for the residential property market by the Singapore Government is not likely to be loosened anytime soon.”

In other interesting developments with the company, on 9 April, analysts at brokerage firm CIMB highlighted Ho Bee Land as one company amongst others that could be part of future merger & acquisition deals given that “Management [of Ho Bee Land] could have the resources to privatise [the company].”

Another real estate outfit, Sim Lian Group (SGX: S05), rounds up the trio with its shares up 1.8% to S$0.865. Last week, the company’s 50:50 joint venture had granted options to potential buyers to purchase two units of its industrial property development Vision Exchange, located in the Jurong area of Singapore. The total sale consideration comes up to S$5.01 million for the two units.

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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.