3 Things You Need To Know About The Singapore Share Market Today

stock-ticker-red-greenWelcome to Wednesday, the middle of the week. Here are three things you might want to look at today for Singapore’s share market.

1. The Straits Times Index (SGX: ^STI) is up 0.2% to 3,322 points as of the time of writing (10:35 am, 20 August 2014). Speaking of the index, one of its constituents had just won a glitzy new award. DBS Group Holdings Ltd (SGX: D05), the largest bank in Southeast Asia by asset size, was named by Global Finance yesterday as the best bank in the Asia-Pacific region. There are already a number of things to like about the bank, so this new award will be another feather on its cap.

2. Moving on from banking to shipping, Neptune Orient Lines Ltd. (SGX: N03) announced today that it is considering the sale of its logistics business, though the consideration is only “preliminary and exploratory” and nothing’s set in stone yet. Neptune Orient Line’s logistics arm is the only profitable business in the company now. If the logistics arm is eventually sold, would the company be ploughing the proceeds back into its loss-making shipping arm? If so, would that be considered a case of Neptune Orient Lines throwing good money after bad?

3. Now jumping from shipping to oil & gas, KrisEnergy Ltd  (SGX: SK3) has managed to price S$200 million worth of bonds (due 2018) at 5.75%. In other words, the company has managed to borrow S$200 million for four years by paying an annual interest rate of 5.75%. The oil & gas outfit, which is linked to Keppel Corporation Limited (SGX: BN4), saw its notes being eight times subscribed – that can be a signal of investors’ confidence in the company.  KrisEnergy intends to use the proceeds to develop its oil fields.

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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 Stanley Lim owns Keppel Corp.