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.

The Straits Times Index (SGX: ^STI) has ended the week on a strong note with a 0.7% gain to 3,294 points. Within the index’s 30 constituents, 17 had made gains while only six suffered losses.

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

United Overseas Bank (SGX: U11) has climbed by 3.6% to S$24.03. At 5 minutes before 2pm today, the stock exchange operator, Singapore Exchange,had issued a please-explain to the bank for what had been perceived as “unusual price movements.” Turns out, there was nothing new happening to the bank’s business and so, Singapore Exchange then urged investors to “exercise caution when dealing in the [bank’s] securities.”

In other news related to UOB, the bank would be releasing its second quarter results on 31 July 2014. UOB had started 2014 strongly with it reporting record net earnings of S$788 million in the first quarter of the year. Times have been great for banks lately – UOB’s industry peer DBS Group Holdings (SGX: D05) also reported a record quarterly profit in the first quarter of this year. Let’s see how UOB and the rest of the banks would hold up in the second quarter of 2014 and beyond.

Real estate developer Fragrance Group (SGX: F31) is up 4.3% to S$0.245. The company had revealed just yesterday that it would be purchasing a piece of real estate in Perth, Australia, for A$40 million (around S$46.8 million). The property has a freehold lease and is currently used as a car park. It is also located in the “centre of the Perth [Central Business District] area.”

The company has been busy snapping up real estate in Australia recently. For instance, less than a month ago on 17 June, it had spent A$55.6 million to purchase a property located in Melbourne. With practically all of Fragrance Group’s revenue coming from Singapore in 2013, the recent flurry of activity going on in Australia could be a sign of the company wanting to diversify its business geographically.

Triyards Holdings (SGX: RC5) rounds up the trio with a gain of 3.9% to S$0.67. The engineering and fabrication services provider for the offshore oil & gas industry had just released its third quarter results yesterday. For the nine months ended 31 May 2014, revenue had increased by 11% year-on-year to US$220 million while profit had inched up by just 1% to US$21.4 million.

The company’s top-line growth was driven by Lewek Constellation, an ice-class deepwater multi-lay vessel, as well as other liftboat projects that are under construction. One noteworthy event happened for the company during the nine month period: It had delivered its first-ever BH 450 liftboat.

The successful construction and delivery of the BH450 liftboat “is a significant milestone” for Triyards and can be the gateway in helping the company establish itself as a leading liftboat builder. Interestingly, as a sign of the company’s engineering expertise, it is “one of only three Singapore yards able to design and build proprietary drilling jack-up rigs and liftboats.

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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.