3 Shares That Beat the Market Today

stockAlthough 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) essentially ended the day flat, dropping just 0.02% to 3,261 points. Despite the index not having moved much, there were actually 18 shares out of its 30 constituents that suffered losses while only 10 had made some gains.

With winners in the index being relatively rare, let’s venture outside the index for a closer look at some market beaters.

Novo Group (SGX: MR8) has jumped by 4.2% to S$0.125. The steel trader and tin plate manufacturer had released its full-year results just yesterday and unfortunately saw its losses more than double to US$14.5 million from US$6.4 million a year ago. For the 12 months ended 30 April 2014, Novo Group’s top-line also shrunk by 4% to US$273 million.

The company’s latest annual loss led to it releasing a notice that it has made pre-tax losses for its three most recently completed financial years. Stock exchange operator Singapore Exchange will place shares into a watch-list if they meet the following two criteria: 1) pre-tax losses, excluding one-off events, for three of its most recent financial years; and 2) an average daily market capitalisation of less than S$40 million over the last 120 market days.

Novo is in danger of meeting both criteria with its current market capitalisation of just S$21 million. That said, it’s not certain that the company would be in Singapore Exchange’s watch list; the stock exchange operator conducts quarterly reviews to determine which shares should be in the list. The next review would take place in September this year.

Pacific Radiance (SGX: T8V), an owner and operator of offshore vessels, has climbed by 3.9% to S$1.34 after announcing a new joint venture yesterday.

The company would be working with Consultoria y Servicios Petroleros, S.A. de C.V., a Mexican shipping company, in a 49-51 joint venture. The joint venture is expected to be “principally engaged in management and operation of offshore support vessels for the offshore oil and gas sector in Mexico.” Incidentally, as my colleague Stanley Lim recently pointed out, Mexico “is exposed to the growth potential that’s latent in the Gulf of Mexico, one of the most important oil & gas regions in the world.”

China-based real estate developer Yanlord Land Group (SGX: Z25) is up 1.9% to S$1.10. The company revealed yesterday that it has been granted a 3-year syndication loan worth a total of US$385 million. Some of the banks involved in the loan deal include Hang Seng Bank, and DBS Bank.

Yanlord Land plans to use part of the loan proceeds to “refinance certain existing financial indebtedness… and to finance the general corporate funding requirement of the [company] including acquisition of land and property.”

Based on the company’s lastest available balance sheet as of 31 March 2014, it has a total of RMB18.74 billion (close to US$3 billion) worth of borrowings while having only RMB5.87 billion in cash on hand. With RMB3.72 billion (around US$595 million) worth of loans coming due by 31 March 2015, the new loan deal would come in handy for Yanlord Land Group.

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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.