Singapore’s stock market, as represented by the Straits Times Index (SGX: ^STI), has not had a great year. Over the last 12 months, the index has lost 7%.
However, that does not mean every stock in the market is having a bad year. Here are two companies with a market capitalization of over S$1 billion that have seen their share price climb over 100% since 28 October 2015.
Japfa Ltd (SGX: UD2), a major agri-food company based in in Indonesia, has seen its share price double to S$0.805 currently. The company operates in the poultry, aquaculture, and also beef cattle businesses.
It has seen a strong revival in its business after suffering from declining profits from 2012 to 2014. In the first six months of this year, Japfa has seen its revenue and net profit increase by 8.7% and 680%, respectively, over the same period in 2015.
Japfa also embarked on new projects this year, such as forming a joint venture with the Cargill Group in Indonesia to supply cooked poultry products to enterprises.
The return of jet fuel
China Aviation Oil (Singapore) Corp Ltd (SGX: G92) is the next company in our list. Its share price has shot up from just S$0.71 a year ago to the current level of S$1.41 per share. The core business of the company is in jet fuel supply and trading.
The company has been seeing an improvement in its business results thus far this year. For instance, its net income in the first six months of the year grew by 49% from a year ago, mainly due to a 47% jump in its share of results from associates and joint ventures from US$22.8 million in the first-half of 2015 to US$33.5 million.
Although the market has not performed well over the past year, we have seen that some companies, even large corporations, were still able to grow their profits.
Therefore, when investing, it is very important to look at the performance of the individual companies that we are investing in and not be too caught up with the performance of the general market.
The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore writer Stanley Lim does not own any companies mentioned above.