3 Shares That Beat the Market Today


It’s a nice start to the week for the blue chips in Singapore: 20 out of the Straits Times Index’s (SGX: ^STI) 30 constituents had ended today’s trading session with gains while only seven had lost some ground. With such numbers, the Straits Times Index had unsurprisingly climbed by 0.6% to 3,292 points.

Let’s take a closer look at some of the better-performing blue chips.

Palm oil producer Golden Agri-Resources (SGX: E5H) has inched up by 0.9% to S$0.56. Just last Wednesday, the company announced that it has entered into a 50:50 joint venture with Louis Dreyfus Armateurs Group, an international maritime transportation and services specialist.

The joint venture, which was previously a wholly-owned subsidiary of Louis Dreyfus, owns a fleet of “modern vessels” that can transport agricultural and mineral commodities. By utilising its fleet, the joint venture can help move Golden Agri-Resources’ cargoes domestically.

Jesslyne WIdjaja, a director of Golden Agri-Resources who’s in charge of business development, commented on the new partnership:

“This is part of [Golden Agri-Resources’] strategic initiative to enhance the vertical integration of our operations. Through our partnership with [Louis Dreyfus], [Golden Agri-Resources] can further optimise our supply chain, ensure best practices of international standard and achieve cost efficiencies in the domestic transportation of our products.”

The conglomerate Jardine Strategic Holdings (SGX: J37) has gained 2.5% to US$37.01. It had recently announced that its latest half-year results for the six months ended 30 June 2014 would be released on 1 August 2014.

In Jardine Strategic’s last financial report card for its results for 2013, its chairman Sir Henry Keswick had the following to say regarding the company’s outlook:

“While [Jardine Strategic’s] businesses have generally started 2014 trading well, it is expected that the overall performance for the year will be affected by the continuation of last year’s uneven market conditions, a reduced contribution from Hongkong Land’s (SGX: H78) residential completions and a weaker average exchange rate for the Indonesian rupiah.”

Investors can get a clearer picture of how the company fared in three weeks’ time when it hands in its latest financials.

SembCorp Marine (SGX: S51) rounds up the trio with its shares up 1.5% to S$4.08. The marine engineering firm had also recently revealed that its latest financial results, for the second quarter of 2014, would be released on 4 August 2014.

Although the company’s top-line has been growing, it has been suffering from falling margins since 2010 and so far, there’s been no real sign of any improvement on that front. Investors might want to see if management has any comment or insight on that issue in the company’s upcoming earnings release.

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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.