Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has managed to sign off the week on a good note, gaining 0.4% to 3,278 points. There were 19 shares out of the index’s 30 constituents that ended in the green as compared to only six that had made losses.

Let’s take a look at some shares that had bested the index today.

Land transport blue-chip outfit ComfortDelGro Corporation (SGX: C52) rose by 5.8% to S$2.38. Yesterday, brokerage firm CIMB released a research report in which it increased its target price for ComfortDelGro from S$2.38 to S$2.59.

The CIMB analyst’s move came on the back of changes that the government has made to Singapore’s public bus service. Under the new “Contracting model” proposed by the Land Transport Authority, the government would assume ownership of all assets and infrastructure within the bus service industry. This significantly reduces the capital requirements that bus service operators need to run their business.

As a majority owner of bus operator SBS Transit (SGX: S61), which in turn has a three-quarter market share of the public bus service market, ComfortDelGro would stand to benefit from this positive change too.

Global Logistic Properties (SGX: MC0) had gained some 1.4% to S$2.81 after seeing strong double-digit growth in both its top- and bottom-line in its full-year results released this morning.

The company, which leases out space in its logistic facilities, saw its annual adjusted revenue grow by 20% to US$598 million from a year ago while adjusted profits spiked by 31% to US$685 million.

According to my colleague Stanley Lim’s reading of the company’s earnings release, the company still has a big runway for growth with a total land bank of at least 13.5 million square metres in China, Japan, and Brazil (the only three countries that Global Logistic Properties has operations in) that could be used for future development. In comparison, the company has 14.8 million sqm of completed leasable area.

Offshore oil & gas driller and equipment supplier KS Energy (SGX: 578) rounds up the trio. It announced yesterday that it had inked three new contract extensions that are worth a total of US$60 million, though they’re not expected to have any material impact on the company’s results for 2014. Shares of the company had increased by 3.5% to S$0.44 today.

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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.