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Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has dropped a meagre 0.1% today to 3,262 points. Let’s take a look at some shares that did better than it.

GP Industries (SGX: G20) jumped by 8.9% to S$0.49. The electronics and battery maker revealed last Thursday that its 53.2%-owned subsidiary, GP Batteries International (SGX: G08), had issued a profit warning for the financial year ended 31 March 2014 on the same day.

With GP Batteries set to make losses, GP Industries also cautioned investors that it “could also be negatively impacted” and that it might be reporting losses depending on the extent of the damage that GP Batteries’ income statement would see.

But despite the seemingly poor financial year, GP Industries had highlighted how GP Batteries managed to strengthen its balance sheet during the year by bringing down its borrowings “substantially”.

Automotive parts distributor Tye Soon (SGX: T08) had moved up by 5.9% to S$0.18. Last Friday, the company had released an update about its business performance for the three months ended 31 March 2014.

Tye Soon saw sales dip slightly by 0.5% year-on-year due mainly to two factors: 1) A delay in supply from one of the major brands it distributes; and 2) lower demand for certain brands due to a price increase.

Investors would know more about how the company fared for the period when it releases its half-year results (for the six months ended 30 June 2014) later in August.

Biosensors International Group (SGX: B20) gained 4.1% to S$1.02. The stent-maker – stents are medical devices used to unclog blocked arteries – had first revealed in February that one of its substantial shareholders, CITIC Private Equity, might be looking to take the company private. Yesterday, the company gave an update that CITIC’s “still the considering the options available to it” in relation to the matter.

Now, putting take-over speculations aside to focus on materially important information, Biosensors would be announcing its full-year results for the 12 months ended 31 March 2014 on 28 May 2014. The first nine months of Biosensors’ financial year haven’t been great for the company as profits had tumbled by 60% from year-ago levels despite revenue inching up by 3%. Any improvement will be great for investors.

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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.