3 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.

Singapore’s blue chips declined overall today with the Straits Times Index (SGX: ^STI) dropping slightly by 0.1% to 3,290 points. Within the index’s 30 constituents, 15 had ended the trading session in the red while only eight others had made gains.

With winning shares being a relative minority within the index, let’s turn to shares outside Singapore’s stock market benchmark for a look at some market-beaters.

STATS ChipPAC (SGX: S24) had rose by 2.6% to S$0.59. Although the semiconductor testing services provider has made some nice gains today, its shares are still down by 9.2% from its close at a recent high of S$0.65 last Wednesday.

Over the past month, STATS ChipPAC had made very strong gains (it was last trading at S$0.335 only on 14 May 2014 before it first disclosed a possible acquisition on 16 May) on speculation that the company might be acquired by third parties. Turns out, the company had revealed last Thursday that discussions with the possible acquirer on the buyout had come to naught; that had resulted in the company’s 9.2% slump in price.

Nonetheless, STATS ChipPAC also mentioned that it’s still in discussions with other parties regarding it being acquired, so hopes for a possible deal have not been completely dashed yet.

Popular Holdings (SGX: P29) is up 1.9% to S$0.265. The company, which runs its eponymous Popular bookstores in addition to developing properties, announced roughly two weeks ago that it is going to collaborate with BBC Worldwide “to license some of BBCW’s brands and intellectual property to operate English language Learning Centres in Mainland China and Hong Kong.”

It’s an interesting development for Popular Holdings, whose business has suffered over the past few years; profit at the company has declined from S$31.3 million in the financial year ended 30 April 2010 to S$16.7 million in the last 12 months. There’s no mention of the scale of this new initiative from Popular Holdings, but if that works out for the company, it’s still a positive thing that’s better than having none at all.

Popular Holdings’ wholly-owned subsidiary Smart English Company would be the one working directly with BBCW. The collaboration would see Smart English Company “utilise these licensed brands and relevant intellectual property from BBCW to introduce a brand new, fun and effective English learning experience for the young students in [China].”

Japanese ramen restaurant operator Japan Foods Holding (SGX: 5OI) rounds up the trio with its shares having gained 0.8% to S$0.635. The company had just released its latest results for the financial year ended 31 March 2014 near the end of May. For the year, Japan Foods Holding saw its revenue grow by 2.4% to S$62.8 million while its profit jumped by 14% to S$7.3 million.

The company had seen stronger costs efficiencies “due to better control of raw material costs” and that had helped its bottom-line growth. Japan Foods Holding, which has restaurants under brands like Ajisen Ramen, Menya Musashi and Menzo Butao, amongst others, ended the financial year with 44 outlets in total in Singapore, up from 40 outlets a year ago.

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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 owns shares in Japan Foods Holding.