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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.

It was a good day in general for Singapore’s blue chips with the Straits Times Index (SGX: ^STI) climbing 0.42% to 3,181 points. Let’s take a look at a number of the index’s components which have managed to beat the market.

CapitaMall Trust (SGX: C38U) is up 1.57% to S$1.95 after releasing its third quarter earnings last Friday. Singapore’s oldest and largest real estate investment trust (REIT) saw its gross revenue for the quarter inch up by 2.9%, driven partly by positive rental reversions (the adjustment of rents to reflect prevailing market conditions).

The top-line growth ultimately helped CapitaMall Trust in growing its distribution per unit (DPU) by 6.2% to 2.72 Singapore cents.

Things were not all rosy for the REIT though, which owns 16 retail malls in Singapore – for the nine months ended 30 September 2014, the REIT experienced a 1.5% year-on-year dip in shopper traffic with tenants’ sales dropping by 3.0%. The trend in the two metrics is something investors have to watch as the health of the REIT’s assets would ultimately be tethered to them over the long-run.

Marine engineering outfit Sembcorp Marine Ltd (SGX: S51) is up next. Shares of the company have gained 1.9% to S$3.69 after revealing two new contract wins this morning.

The contracts are worth a combined S$222 million and would see Sembcorp Marine’s subsidiaries construct parts of an offshore wind-energy platform and convert a VLCC (very large crude carrier) into a Floating Production Storage and Offloading (FPSO) vessel.

This is the second major contract win in a week for Sembcorp Marine. Last Monday, the company announced that it has won a US$696 million contract to convert a shuttle tanker to a FPSO vessel. The project’s expected to be completed in the third quarter of 2016.

Given that Sembcorp Marine’s backlog of orders is an important driver of its future results, it’s always nice for investors to see the company clinching big new contracts.

Singapore Technologies Engineering (SGX: S63) rounds up the trio with its shares gaining 1.39% to S$3.64. The integrated engineering outfit, which has fingers in the aerospace, electronics, military contracting, and marine sectors, revealed last week that its electronics arm has inked deals worth about S$513 million for the third quarter of 2014.

The contracts are for a variety of projects and involves rail electronics & intelligent transportation; satellite & broadband communications; and advanced electronics & ICT (information communications technologies).

Although the value of the contracts are likely to be spread over a number of years, the entire sum of S$513 million is still significant when compared against ST Engineering’s total revenue of S$1.59 billion in the second quarter of 2014.

Speaking of quarterly financials, ST Engineering would be releasing its third quarter results on 5 November 2014. In the company’s second quarter earnings, it saw a 0.7% and 9.9% decline in its quarterly revenue and profit respectively. Investors can soon know if the company has managed to make any improvements.

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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 company mentioned.