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.

Singapore’s market barometer, the Straits Times Index (SGX: ^STI), has gained 0.3% to 3,347 points today. Let’s take a look at some shares which have managed to beat the index.

Singapore Shipping Corporation Limited (SGX: S19) has climbed by 2% to S$0.255. The aptly-named shipping outfit announced a big acquisition of a Pure Car Truck Carrier on Monday for US$80 million.

To put into context how big this acquisition is for Singapore Shipping Corporation, the company had a total asset base of just US$87 million as of 30 June 2014. With cash on hand of just US$20.8 million, the company would have to take on debt to help fund the purchase.

According to Singapore Shipping Corporation, “the vessel is expected to be deployed on a long term charter to a blue-chip shipping major.” It’s great to know that the PCTC can be put to work right after the acquisition’s completed, but given the importance of this acquisition for the company, shareholders might want to keep a close eye on its progress. In addition, the change in the company’s balance sheet might also warrant some attention from shareholders.

See Hup Seng Limited (SGX: 566) has gained 1.6% to S$0.31 after proposing yesterday a 1-for-2 bonus warrant issue of up to 304.2 million warrants to its existing shareholders.

Under the proposal, “a free warrant will be issued for every two ordinary shares held” by See Hup Seng’s shareholders. These warrants would expire five years after they’re issued and can be converted into shares of the company at an exercise price of S$0.20 each at any time before its expiry.

If the warrants are fully exercised, See Hup Seng stands to receive a total of S$60.3 million in new capital. The company has earmarked the funds to be used for “existing and potential projects in the near future, as well as business expansion, strategic investments and any acquisition opportunities.”

Pan-United Corporation Ltd (SGX: P52) rounds up the trio with a 1.5% increase in share price to S$1.00. The cement and concrete provider had just acquired a piece of industrial land in Johor Bahru, Malaysia, for RM10.6 million (around S$4.2 million).

The company intends to spend a total of S$55 million (including the aforementioned S$4.2 million) to develop the piece of land into a manufacturing facility for its cement and ready mixed concrete products. This is done as part of Pan-United’s plans to expand its cement, aggregates and ready mixed concrete businesses in Southeast Asia. These lines of businesses fall under Pan-United’s Basic Building Resources business division, which happens to be one of the top five in Asia for its kind.

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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.