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

Welcome to the middle of Monday! Here are three things about Singapore’s share market you might want to look at for the rest of the week.

1. The Straits Times Index (SGX: ^STI) has started the week on a slightly sour note as it is down 0.11% to 3,321 points as of the time of writing (12:49 pm). Although Singapore’s market barometer is not making any significant moves, the same can’t be said for glove maker UG Healthcare Corp (SGX: 41A).

It’s the company’s first day of trading today, and at its current price of S$0.265, that is a significant jump of 23.3% from its listing price of S$0.215. The market does seem to love UG Healthcare, but that alone isn’t a good enough reason for investors to jump right in. Investors should still spend some time understanding the company’s industry, business, and risks. For more of those, you can check out here (for a good overview of what the firm does) and here (for an analysis of an important risk the company’s facing).

2. Speaking of IPOs, iFast Corporation Limited would be joining UG Healthcare soon. The company is behind the well-known investment product distribution platform Fundsupermart.com. Some highlights of the firm’s financials include the presence of significant recurring revenue (on average over the past few years, more than 80% of iFast’s revenue has come from recurring sources). My colleague James Yeo has taken a detailed look at iFast, so you can check out his thoughts on the firm here.

3. Moving on to some interesting thoughts about investing, my colleague Stanley Lim has a great explanation on why knowing all there is about financial analysis would still not make you a better investor. Meanwhile, another of my colleague, Chin Hui Leong, had recently shared three simple steps you can take to avoid the pitfalls in the share market and come out ahead of the pack.

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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 company mentioned.