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 over the rest of the week.

1. Land transport outfit SMRT Corporation Ltd (SGX: S53) set tongues wagging last week when it announced that it has intentions to enter Singapore’s telecommunications industry through a collaboration with OMGTel. OMGTel has intentions to bid for Singapore’s fourth wireless telecommunications license and would likely have to compete with MyRepublic for the government’s approval.

What would this move by SMRT mean for the company and for the incumbent-telcos in Singapore? My colleague Stanley Lim had taken a look at the topic recently so you can check out his thoughts here.

2. Currently, SIA Engineering Company Limited (SGX: S59) and Cosco Corporation (Singapore) Limited (SGX: F83) have share prices which are around 20% lower than their respective 52-week highs. This fact alone might pique the interest of bargain hunters. But, there’re legitimate reasons for investors to proceed with caution. Jump in here to find out more.

3. Singapore’s stock market had quietly climbed to a seven-year high last week. What’s the one thing investors must do in this scenario? I’ve dug deep into the topic earlier today, so you can click here for more of my thoughts.

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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.