MENU

Three Shares That Beat the Market Today

Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on changes — just in case they’re material to our investing thesis.

The Straits Times Index (SGX: ^STI) closed at 3,296 points for a 0.2% dip. Half of the index’s 30 constituents had made losses for the day while 12 others managed to make some headway.

What were some of the shares outside the index that managed to beat the market today?

The electrical, IT, and furniture product retailer Courts Asia (SGX: RE2) gained 8.4% to S$0.58 after the release of its full-year results yesterday evening. Although the company’s revenue had climbed by 4.6% to S$830.3 million, its profit actually slid by 31.6% to S$28.3 million.

Despite the profit decline, the market’s happy with what it has seen, judging from the company’s share price gains.

PEC (SGX: IX2) has risen by 5.5% to S$0.575. The company had just revealed yesterday that it has inked S$100 million worth of new contracts.

PEC “provides integrated project and maintenance solutions to the oil & gas, petrochemical, terminal and pharmaceutical industries.” These new contracts would end between March 2015 and May 2016 and would see the company be involved in activities that include: 1) the development of crude oil storage and handling facilities; and 2) the provision of mechanical, piping, and structural steel works.

Civil engineering and construction outfit Tiong Seng (SGX: K2P) rounds up the trio with its shares up 4.7% to S$0.199 after also announcing contract wins. In this case, Tiong Seng had just revealed on Wednesday that it has secured S$316 million worth of contracts from the Land Transport Authority.

Under the contract terms, the company had started work this month on the construction of the Great World Station and Tunnels for the Thomson Line, one of the new lines in Singapore’s Mass Rapid Transit (MRT) system.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.  

The Motley Fool's purpose is to help the world invest, better. Like us on Facebook  to keep up-to-date with our latest news and articles.

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.