3 Shares That Beat the Market Today


Despite having the majority of its constituents (16 out of 30, to be exact) record losses for the day, the Straits Times Index (SGX: ^STI) has managed to end the day essentially flat – the index had dropped just 0.9 points to 3,272.

With only eight other blue chips having logged gains, let’s venture outside the index for a closer look at some market beaters.

Vibrant Group (SGX: F01) climbed 7.6% to S$0.127. The logistics outfit has been on a real tear lately following its full-year earnings release last Friday; from a close of S$0.10 on 27 June 2014, Vibrant Group has gained a total of 27% in the space of a week.

The company had seen its annual revenue and profit grow by 8.4% and 11.2% respectively. At its current price, it’s selling for just 7.4 times trailing earnings.

Offshore oil and gas outfit Vallianz Holdings (SGX: 545) is up 5.2% to S$0.142 after its announcement yesterday that it has entered into a partnership with Offshore Oil Engineering Co., the largest offshore engineering and construction company in China.

The three-year collaboration agreement between Vallianz and Offshore Oil Engineering would see the former provide its offshore support vessels to the latter for its construction activities and operation.

Darren Yeo, chief executive of Vallianz, commented that the collaboration “marks a major milestone in Vallianz’s progress to become a leading global player in the rapidly growing offshore marine industry.” According to Yeo, the partnership would also give Vallianz the “enormous opportunity to enter the vast offshore oil and gas industry in China.”

Yoma Strategic Holdings (SGX: Z59) has moved up by 1.4% to S$0.725. The company, which has business interests in Myanmar that deal with real estate, agriculture, retail, construction, and tourism, amongst others, had just completed a private placement of 135 million shares on Wednesday.

The placement, which saw Yoma Strategic sell new shares of itself at S$0.70 each, was first proposed last Thursday. The company would be receiving proceeds of around S$93 million from the sale; the bulk of the new cash (50% to 70%) would be spent on the development costs for the company’s real estate projects while the rest would go toward investments for its automotive, agriculture, and logistics businesses.

For some perspective, the company had 1.157 billion shares outstanding just prior to its private placement.

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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.