How did the Singapore Market Fare Last Week?

Last week, the Straits Times Index  (SGX: ^STI), Singapore’s market barometer, put on 1.1% to close at 3,450 points.

Of the index’s 30 components, 22 ended the week with gains, seven clocked losses, while one – SembCorp Industries Limited (SGX: U96) – was unchanged.

Golden Agri-Resources Ltd  (SGX: E5H), the second largest palm oil plantation company in the world, was the biggest winner in the STI. Its shares surged by 8.8% during the week to end at S$0.435.

Last Friday, its subsidiary, PT Sinar Mas Agro Resources and Technology Tbk, which is listed on the Indonesia Stock Exchange, released its financial results for the year ended 31 December 2014. The subsidiary, which also produces palm oil, experienced strong growth for the year with its revenue jumping 35% to Rp32.3 trillion and profit surging 65% to Rp1.5 trillion.

Meanwhile, Thai Beverage Public Company Limited (SGX: Y92) had lost the most ground in the index. It fell 2% to S$0.745.

For the year ended 31 December 2014, the producer of both alcoholic and non-alcoholic drinks saw its revenue rise 4% year-on-year to THB162 billion. This was on the back of better sales in the company’s spirits, beer, and food businesses, which had partially offset decreased sales in the non-alcoholic beverages business.

Thai Beverage’s increase in turnover trickled down to the bottom-line. Net profit grew 13% to THB22 billion, partly due to better operating results from Fraser and Neave Limited  (SGX: F99) and Frasers Centrepoint Ltd (SGX: TQ5).

If you’d like to know more about Thai Beverage, you can check out its competitive strengths and weaknesses  here.

Elsewhere, shares of shipping outfit Neptune Orient Lines Ltd (SGX: N03) went up some 7% to S$1.01. Rumours were going around during the week that it may be a takeover target. This comes around a month after Neptune Orient Lines had proposed to sell its money-making logistics arm, APL Logistics.

Currently, the Straits Times Index is trading at 14.1 times its historical earnings.

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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 contributor Sudhan P doesn’t own shares in any companies mentioned.