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.

With 16 out of its 30 constituents having lost some ground today, the Straits Times Index (SGX: ^STI) had been dragged down by 0.2% to 3,272 points. There were only 9 blue chips which had managed to make some ground.

Let’s take a look at some market beaters both within and outside the index.

The aptly-named travel services outfit Holdings (SGX: 5AM) had gained 5.7% to S$0.37. This afternoon, the company made some clarifications related to an article published in The Business Times today titled “Asiatravel jumps as talk of Alibaba interest returns.”

The company said that it’s currently in “varying stages of discussions with several potential parties to explore different opportunities for strategic collaboration and/or mergers and acquisitions.” But crucially (emphasis theirs), “there is no certainty nor assurance [sic] that any of these discussions will lead to any deal.

Coal miner Geo Energy Resources (SGX: RE4) has climbed by 1.6% to S$0.31. Just this morning, Geo Energy Resources announced a potential deal to acquire a stake in a company that holds production mining licenses in Indonesia for US$55 million.

The structure of the deal is a little unique: Geo Energy Resources’ stake in the acquisition target would ultimately depend upon the number of tonnes of “proved and probable reserves [of coal] located in the Mining Permit Area.” Geo Energy Resources would be hiring a third-party to study the Mining Permit Area and prepare a technical report on the coal reserves found, if any.

With revenue of around US$107 million in the last 12 months, this latest potential acquisition by Geo Energy Resources will be a sizeable one in relation to its scale and could be something to keep an eye on for investors.

DBS Group Holdings (SGX:D05) has inched up by 0.1% to S$17.08. Singapore’s largest bank by market capitalisation had just made a tiny acquisition worth HK$546 million (around S$88 million) on Monday.

DBS’ wholly-owned subsidiary, DBS Bank (Hong Kong) Ltd had bought 50% of the shares of Hutchison DBS Card Limited from Whampoa Limited. Prior to this transaction, DBS Bank had already owned 50% of Hutchison DBS Card. Interestingly, Hutchison DBS Card had net tangible assets of S$117 million as of December 2013.

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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.