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 managed to climb by 0.2% to 3,343 points despite having only 13 of its 30 constituents make gains.
Let’s step outside the STI for a closer look at some market beaters.
Waste management outfit 800 Super Holdings Ltd (SGX: 5TG) is up 10.8% to S$0.41. Ever since the company released its full-year earnings on 26 August 2014, its shares have been on a tear, gaining some 52% as of today’s close.
800 Super Holdings saw very healthy growth for its financial year ended 30 June 2014. Annual revenue jumped by 17.9% to S$115 million on the back of new contracts and the renewal of expiring contracts at higher prices. Meanwhile, its profit had surged by 57% to S$9.1 million.
Interestingly, despite the huge run-up in price in such a short span of time, 800 Super Holdings is still only valued at 8 times trailing earnings. By way of comparison, the average price/earnings (PE) ratio in the market is 14.
Ley Choon Group Holdings Ltd (SGX: Q0X) is the next in line – its shares have climbed by 8.9% to S$0.134. The company, which provides underground utilities infrastructure construction services, announced yesterday that it had won a S$16.8 million contract from PowerGas Limited to lay gas transmission pipelines in Singapore.
This follows a similar recent announcement roughly two weeks ago on 25 August 2014 about the company winning a S$14.5 million contract for water projects and the laying of gas pipelines. With Ley Choon’s annual revenue clocking in at S$153 million in 2013, these contract wins represent a pretty significant part of its business.
The engineering, infrastructure, and real estate outfit TEE International Ltd (SGX: M1Z) rounds it up today with its shares gaining 1.9% to S$0.275.Just yesterday, the company announced that it has clinched S$73 million worth of contracts to bring up its total outstanding order book to S$493 million.
For the financial year ended 31 May 2014, Tee International’s total sales came in at S$203 million. Given that its order book represents future revenue and profit, that’s a pretty significant amount (more than twice its annual revenue) for investors to look forward to.
To keep up to date on the latest financial and stock news, sign up now for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock Singapore. It will teach you how you can grow your wealth in the years ahead. Also, like us on Facebook to follow our latest hot articles.
The Motley Fool's purpose is to help the world invest, better.
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.