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


Welcome to the middle of Friday! Here are three things you might want to look at today (and/or over the weekend) for Singapore’s share market.

1. The Straits Times Index (SGX: ^STI) is down slightly by 0.2% to 3,325 points as of the time of writing (10:20am, 29 August 2014). Among the losers within the index’s 30 components are the palm oil outfits, Wilmar International Limited (SGX: F34) and Golden Agri-Resources Ltd (SGX: E5H).

Speaking of the palm oil players, Indonesia’s in the midst of discussions about passing a new law which seeks to reduce foreign ownership of plantations to not more than 30%. If that comes to pass, Wilmar International and Golden Agri, both of which owns large swathes of oil palm plantations in the country, would likely face serious consequences.

2. Sticking to the theme of index constituents, IHH Healthcare Bhd (SGX: Q0F), which used to be part of the STI, just released its second quarter results yesterday. The healthcare provider had certainly been looking after the health of its own financials as it saw profit for the first half of 2014 jump by close to 30%, all the while maintaining a strong balance sheet.

3. Are healthcare providers considered cool companies? I can’t answer that, but I do know some really cool telcos and property plays. You see, StarHub Ltd. (SGX: CC3) and Hongkong Land Holdings Limited (SGX: H78) are among a select group of companies which my colleague Chin Hui Leong thinks are the coolest shares in Singapore.

That’s because both provide webcasts and recorded videos of their quarterly analyst results briefings. It might seem trivial, but the sharing of such information is actually important for investors because the results briefings can often contain great information about a company’s progress and the state of its industry which can’t be found in the printed materials.

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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 companies mentioned.