OLAM Stock Catching Down, Bonds Catching Up
|OLAMSP 6 10/25/22||SGD||81||83|
|OLAMSP 5 3/4 09/20/17||USD||88.75||90|
|OLAMSP 2 1/2 09/06/13||SGD||96.5||98|
|OLAMSP 5.8 07/17/19||SGD||84||86|
|OLAMSP 7 09/29/49||SGD||79.5||84|
|OLAMSP 6 08/10/18||SGD||86||88|
|OLAMSP 3 02/25/13||SGD||98.5||100|
|OLAMSP 7 1/2 08/12/20||USD||90||92|
|OLAMSP 4.07 02/12/13||SGD||97.5||99.5|
* Table of indicative prices I trawled from Bloomberg. Not representative of dealing prices.
We are finally reading the textbook. Bonds are safer than stock.
New 3 year low in the stock at 1.425 as I type, the bonds are little changed at the moment.
Yes. There is potential for contagion but that should be discounted already. But take a look at the table. The USD 7.5% 2020 looks a tad high to me, as does the perp. I think the 2022 still presents value over the perpetual, but that is my opinion.
The perpetual should be going lower if the stock continues to tank towards a fairer value.