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

Welcome to Friday evening! Here are three things about Singapore’s share market that you might want to look at today and over the week.

1. Casino operator Genting Singapore PLC (SGX: G13) has had a trying time over the past 1-plus year with its shares falling 37% to S$0.95 since the start of the 2014. This is probably a reflection of sorts over its business, where revenue for the whole of 2014 inched up by only 1% to S$2.86 billion while profit dipped by 12% to S$517 million.

But as my colleague Stanley Lim recently pointed out, bigger worries may be on Genting Singapore’s plate currently.

Because of Genting Singapore’s business model, whereby it extends credit to VIP gamblers in its casino, there’re close to S$1.1 billion worth of trade receivables on the firm’s balance sheet at the moment. It’s normal for companies to have trade receivables, but the problem with Genting Singapore is that it’s currently unclear how much of that S$1.1 billion can actually be recovered. You can check out Stanley’s detailed thoughts on the topic in here.

2. Construction and steel fabrication outfit Yongnam Holdings Limited (SGX: Y02) joins Genting Singapore in the list of shares with a less than stellar 2014; since the start of that year, Yongnam has seen its shares fall by nearly 40% to S$0.148 with its bottom-line in 2014 turning from a profit of S$5.5 million a year ago to a loss of S$8.5 million.

Would Yongnam rebound anytime soon? I had given the issue some thought recently, so you can check out my findings in here.

3. Analogies can be very useful in helping others understand complicated topics. Here are three simple analogies for the stock market from great investors which I thought can be very useful in helping us make sense of investing and finance.

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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.