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Three Shares That Beat the Market Today

The Straits Times Index (SGX: ^STI) has been driven down by 0.3% to close at 3,274 points. There were 12 shares within its 30 constituents that had made losses for the day while the same number of shares had managed to make some headway.

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

The aptly-named marine engineering outfit Jason Marine Group (SGX: 5PF) has spiked by 40.5% to S$0.25 today after releasing its latest full-year results yesterday evening. The company saw annual revenues jump 32% higher to S$50 million while profits actually rocketed by 577% to S$2.8 million.

A strong showing overall by all the company’s business segments, in addition to better cost controls, had contributed to Jason Marine’s double- and triple-digit growth.

Oil & gas exploration and production outfit KrisEnergy (SGX: SK3) saw its shares gain 6% to S$0.79 today after a favourable acquisition of an oilfield in Thailand was completed today.

The company was also busy yesterday with the establishment of a S$500 million multi-currency medium term note programme. While it sounds complex, the programme is essentially a capital pool from which the company can borrow from in various amounts and different currencies as and when it requires, up to a total of S$500 million.

Powermatic Data Systems (SGX: P12) rounds up the trio with tis shares up 5% to S$0.168. The manufacturer and distributor of Information Technology (IT) products had released its annual results the day before. For the year ended 31 March 2014 (FY 2014), sales had gone up 15% to S$15 million while profits spiked by 223% to S$2.02 million.

The company had attributed the growth in top-line to higher sales coming from its wireless connectivity products segment. Meanwhile, costs had also dropped across the board for the company, resulting in the profit increase. In FY2012, the company had started moving into low-volume/high-margin products and the move seems to have steadily paid off; gross profit margins for the company had went up from 26.5% in FY2013 to 31.6% in FY2014 while net profit margins had expanded from 5% to 13.3%.

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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.