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

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

1. Calling Noble Group Limited (SGX: N21) an embattled share now probably wouldn’t be too far off the mark. The little-known research outfit Iceberg Research had released a series of three reports on Noble Group recently, criticizing various aspects of its business, such as its accounting practices and the strength of its balance sheet.

Since the release of the first report on 15 February 2015, Noble’s shares have slid by nearly 30% from S$1.20 to S$0.93 today. But, not everyone’s negative on the company. In fact, there are brokerages and research outfits who think that Noble Group’s a bargain currently because of its recent sharp decline.

Are they right in thinking so? Is Noble Group really a bargain now? My colleague Stanley Lim had dug into the views of the brokerages and research outfits and had shared his thoughts about it. You can check them out here.

2. The costs that companies pay to borrow money in Singapore are climbing. As an example, the three-month Singapore Swap Offer Rate, a benchmark for commercial loans, has surged from 0.2% in late February last year to some 1.1% as of Friday.

But while highly-geared companies would be sweating over this development, a trio of companies, which include Super Group Ltd (SGX: S10) and Riverstone Holdings Limited (SGX: AP4), would likely have no fear of rising rates at all. As to why that may be so, check out my take on the topic here.

3. As investors, we’d all love to be able to buy low and sell high. But, that is – to put it mildly – easier said than done. Part of the reason is because it can be tough to know the real value of a business, which makes the estimation of what is “low” tricky. My colleague Chin Hui Leong had spent time diving deeper into this topic lately and you can jump in here for his take.

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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 owns shares in Super Group.