3 Shares That Beat the Market


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 have had a rather lacklustre day with the Straits Times Index (SGX: ^STI) dipping by 0.2% to 3,275 points. Within the index’s 30 constituents, only seven had managed to make some headway. Meanwhile, 16 others had suffered losses.

Let’s turn our attention to shares outside the index for a closer look at some market beaters.

Sincap Group (SGX: 5UN) has climbed 5.7% to S$0.111. The gypsum miner announced on Monday that it is “currently in discussions and commencing due diligence to acquire a real estate property within Australia.”

No other details – such as the type of real estate to be acquired or an estimated price tag – have been given so far, so it’s really anyone’s guess as to the type of acquisition that Sincap is thinking about. If for instance, the acquisition proves to be a hefty one in relation to the company’s current asset base, investors might have to consider the company’s chances of success in entering a new line of business; in this case, real estate in Australia.

Gold mining outfit CNMC Goldmine Holdings (SGX: 5TP) rose by 3.8% to S$0.275. The company had some good news to announce after the trading session ended today: Its Sokor Gold Project, which started gold production in July 2010, has produced its highest monthly output to date.

For June 2014, the company had dug up 4,356.47 ounces of gold doré bars (crude gold bullion that has to be refined further into commercial-grade gold bullion), surpassing its previous record of 3,419.41 ounces.

Within the same announcement regarding its record-breaking production activity, the company also gave some updates about its growth plans. This is what it said:

“In line with the Company’s strategy of ramping up its gold production, the installation of a 350 tonnes per hour crushing system is currently in progress and near to completion. The Company expects to conduct trial runs of the crushing system in the third quarter of 2014.”

Jewellery retailer and property developer Aspial Corporation (SGX: A30) has gained 1.1% to S$0.46. Last Friday, the company announced that it would be developing a “luxurious residential skyscraper [319 metres tall] which will house the highest residences in the Southern Hemisphere.”

The project, which is located in Melbourne, Australia, has been approved by the authorities and has a gross development value (the sale value of a property after construction) that’s pegged at S$1 billion. With total assets worth ‘only’ S$1.49 billion at last count, this project is a massive one for Aspial Corporation.

In the company’s press release regarding the project, its chief executive Koh Wee Seng had the following to say:

“We see significant opportunities has been voted the most livable city in the world extremely privileged to be able to deliver such a landmark project in Melbourne, where we see a great appetite for luxury apartment living luxury living and also play a major role in showcasing Melbourne as a world leader in modern architecture.”

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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.