Noble Group Limited Led the Singapore Market Higher This Week

For this week, the Straits Times Index  (SGX: ^STI) had increased by 1.2% to close at 3,431 points. Of of the 30 index components, 22 made weekly gains while the rest had clocked losses.

Commodities trader Noble Group Limited (SGX: N21) was the standout performer as it put on 8.5% to close Friday at S$1.155.

On the other end of the spectrum, aero-engineer SIA Engineering Company Limited  (SGX: S59) lost 4.8% to end the week at S$4.15. The company had announced its third quarter earnings during the week and saw its net profit decline 23.5% year-on-year.

SIA Engineering’s parent firm, Singapore Airlines Ltd (SGX: C6L), announced its third quarter results on Friday evening. The airline’s bottom-line for the quarter, which grew from S$50 million a year ago to S$203 million, was lifted by one-off gains of S$56 million.

Outside the blue-chip universe, OSIM International Ltd (SGX: O23) was noteworthy as it ended the week at S$2.09, translating to a 7.7% jump in share price since last Friday’s close. The purveyor of luxury teas and high-end massage chairs released its fourth quarter results early this week. Quarterly net profit grew by 2% year-on-year to S$27.7 million. A dividend of 2.0 Singapore cents per share was also announced for the quarter.

Singapore Post Limited (SGX: S08) was also another noteworthy share – it lost 6.1% to S$2.01 during the week. For the third quarter ended 31 December 2014, the mail and logistics outfit’s revenue increased 7.6% year-on-year to S$239.6 million due to “contributions from logistics and ecommerce related activities, offsetting the decline in traditional mail revenue.”

Singapore Post’s net profit also grew at around the same pace as its revenue to S$42.2 million. The firm will be paying out a dividend of 1.25 Singapore cents per share.

Dr Wolfgang Baier, Group Chief Executive Officer of SingPost, commented on the company’s earnings:

“Despite the declining Mail business, we are investing in service quality and focusing on efficiency and productivity improvements. We remain committed to provide our Singapore customers a better service experience as we take our public service obligations very seriously.”

The SPDR STI ETF (SGX: ES3), a proxy of the STI, is currently trading at 13.8 times its historical earnings.

To learn more about investing and to keep up to date on the latest financial and stock market news, sign up for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock Singapore. 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 contributor Sudhan P doesn’t own shares in any companies mentioned.