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Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has barely budged after dropping just 1 point to 3,261 points. Within the index, 13 blue chips had managed to log some gains while nine others weren’t as unfortunate as they lost some ground.

Even though the Straits Times Index ended flat for the day, the same can’t be said for others outside the market barometer. Let’s take a look at some of today’s market beaters.

Semiconductor services provider STATS ChipPAC (SGX: S24), which is majority-owned by Singapore’s sovereign wealth fund Temasek Holdings, has spiked by 14.1% to S$0.525 today. This is the third straight trading-day of strong gains for the company. Last Thursday, STATS ChipPAC’s shares had jumped by 14.9% from S$0.335 to S$0.385 and that surge had prompted a query from stock exchange operator Singapore Exchange.

In STATS ChipPAC’s response on Friday morning, it turns out that the company has received a possible buy-out offer from a third party “subject to a number of conditions.” The company’s currently reviewing the offer but as it is, nothing’s set in stone and there’s also no mention of a possible price tag for the acquisition.

That hasn’t stopped the market from getting all excited though, considering that STATS ChipPAC’s shares have now gained some 56.7% from last Wednesday’s close of S$0.335. At its current price, the company’s valued at 1 times book value. There’s no price/earnings ratio to speak of as STATS ChipPAC is currently sitting on losses.

LanTroVision (SGX: Q7W) is up 7.1% to S$0.53. Exactly a week ago on last Monday, the cable installation outfit had released its third quarter earnings. For the nine months ended 31 March 2014, LanTroVision’s sales had increased by 12% year-on-year to S$111 million while profits actually jumped by 61% to S$10.8 million.

The company had taken on a higher number of cable installation projects for the period compared to a year ago and that had accounted for its top-line growth. Bottom-line growth meanwhile, was helped by the write-back of impairment losses on its receivables which pushed overall expenses down. The market seems happy with what it’s seen so far as shares of the company have actually gained 12.7% since last Monday’s close at S$0.47.

The aptly-named industrial chemicals maker Chemical Industries (Far East) (SGX: C05) has gained 5% to S$0.525. With its full-year results released last Thursday, this is another company with a report card that the market has given a thumbs-up to; shares of Chemical Industries had increased by 11.1% last Friday only to gain another 5% today.

For its financial year, Chemical Industries saw its revenue decrease by 10.4% to S$100 million on the back of reduced demand for its chemicals after one of its “major customer[s]” saw a slow-down in demand for its own products. Nonetheless, profits had still managed to rocket by some 785% to S$11 million.

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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.