Singapore Hot Stocks-Hai Leck shares fall on debut

SINGAPORE, Aug 28 (Reuters) - Shares of Singapore-based scaffolding and insulation provider Hai Leck Holdings (HLHL.SI) fell below their initial public offering at the start of trade in Singapore on Thursday.

By 0142 GMT, the stock was trading at S$0.245, or 5.7 percent below its IPO price of S$0.26.

"Looking at the current market climate it's hard for IPOs to perform well," a local trader said.

UOB Asia was the underwriter for the public offer.

0153 GMT - Straits Times Index was up 0.2%.

(Reporting by Brenda Goh; Editing by Kevin Lim)