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Three Shares That Beat the Market Today

Even as the excitement surrounding CapitaLand’s (SGX: C31) privatisation bid for CapitaMalls Asia (SGX: JS8) has mellowed a little – both shares have had relatively tiny movements today after yesterday’s 6.5% and 21.7% increase, respectively – the Straits Times Index (SGX: ^STI) still managed to put on 0.2% to finish at 3,254 points.

Within the index’s 30 constituents (which include CapitaLand and CapitaMalls Asia), 18 shares had ended the trading session in the green while 10 others made losses. Let’s take a look at some market beaters, both within and outside the index.

Global Logistic Properties (SGX: MC0) gained 1.5% to S$2.70. The logistic facilities provider – with operations in China, Japan, and Brazil – had just signed new leases for 96,000 square metres of logistics space with “leading third-party logistics companies” in China, according to its press release yesterday.

The new leases are signed with existing customers of GLP and these customers are now “multi-location” customers. Kent Yang, president of GLP’s subsidiary in China, touched on how the new deals “underscore the strong demand for modern logistics infrastructure in China.” This is certainly a development that can have positive spill-over effects for GLP given its modern suite of logistic facilities and large network in the country.

Luxury massage-chair manufacturer Osim International (SGX: O23) has climbed 3.4% to S$2.74. The company had revealed recently that it would be releasing its first quarter results on 6 May 2014.

Osim has had five straight years of making record profits and had also achieved 20 straight quarter of profit growth. Investors must be hoping that its business momentum can continue when it reports its first quarter earnings. On that front, Osim did highlight in its last earnings release for 2013 on how it expects its businesses “to remain strong in 2014”. In any case, investors would know for sure how the company fared when it sends in its report card in three weeks’ time.

High-end commercial and residential property developer Yanlord Land Group (SGX: Z25) has moved up by 1.3% to S$1.175 after announcing a major acquisition yesterday evening. The company revealed that it had spent RMB1.35 billion (approximately S$270 million) on a 171,200 square metres “prime residential development site” in the Suzhou Gao Xin District within Suzhou City, China.

Yanlord’s chairman and chief executive, Zhong Sheng Jian, commented on the acquisition: “Located ideally within the heart of Suzhou and attractively priced, the site will build on Yanlord’s track record for the development of high-quality residences and is expected to contribute significantly to our future growth. Moving forward, we will, in accordance with our financial ability, continue to identify and explore additional opportunities that will serve to augment our business development.”

The company’s latest finances show it having RMB7.08 billion in cash while having total debt of RMB17.53 billion. So while the newest acquisition might look promising, investors might still want to keep an eye out on Yanlord’s finances to ensure it’s not over-stretching itself with this new acquisition.

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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.