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) closed at 3,295 points for a 0.2% decline. Within the index’s 30 constituents, 12 had managed to clock some gains while the same number of shares suffered losses.

Let’s take a look at some market beaters.

Commodities trader Wilmar International Limited (SGX: F34) has inched up by 0.3% to S$3.19. Last week, the firm released its second quarter results and for the first half of 2014, saw its core profit after tax fall 32% year-on-year to US$378 million.

But in somewhat encouraging news, the company’s Chief Executive Mr. Kuok Khoon Hong mentioned that the worst seems to be over and that management “expect[s] much better performance in the second half of the year.”

Hengxin Technology Ltd. (SGX: I85) has spiked by 16.2% to S$0.23 following the release of its second quarter results yesterday. For the first half of 2014, the coaxial cable manufacturer had seen its top-line jump by 43.7% to RMB723.3 million compared to a year ago. Meanwhile, its profit surged by 42.7% to RMB47.1 million. Hengxin had attributed its growth to “increased orders for [its] products.”

Palm oil producer First Resources Ltd (SGX: EB5) is next in line with its shares up 3.4% to S$2.13. The company’s shares had fallen by 6.4% only yesterday following a somewhat disappointing earnings release on the day itself. Despite seeing sales volume grow for both its key crude palm oil (CPO) and palm kernel oil (PKO) products, First Resources’ top-line ended up dipping by 1.4% year-on-year to US$290.1 million for the first half of 2014.

Its bottom-line was worse as profit dropped by 29.8% to US$71.1 million on the back of lower prices for CPO and other related products.

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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.