3 Upcoming SGD Bond Issues To Note
UNITED ENERGY GROUP LTD 467 HK
United Energy Group, Ltd. is engaged in the exploration and production of oil and natural gas. The Company owns and operates a producing oilfield Liaohe Province of the P.R. of China and owns an interest in an exploration field in Madura PSC, Java, Indonesia. UEG mainly engages in the upstream oil and natural gas business.
Market Cap HKD 14.760 bio
Hearing 3 years at 6-7%.
KING WAN CORP LTD SG
King Wan Corporation Limited provides mechanical and electrical engineering services. The Company also owns, rents, operates mobile lavatories and other facilities, manufactures unplasticised polyvinylcholoride (UPVC) pipes and fittings, and develops properties. King Wan manufactures and sells paints, varnishes, and painting inks.
Market Cap SGD 113.5 mio
LOYZ ENERGY LIMITED SG (former Sim Siang Choon)
Loyz Energy Ltd. is an oil and gas exploration and production company. The Company carries out exploration activities in Asia-Pacific. Loyz Energy Ltd USED TO retail and distribute all kinds of sanitary hardware, appliances, accessories, and fixtures used in bathrooms, toilets, and kitchens but disposed the entire equity interest in Sim Siang Choon Hardware to Mr Sim Siang Choon in Mar 2013 for S$9 mio to concentrate as an E&P (exploration and production) company.
Market Cap SGD 82.8 mio
Do keep us posted if you get any details.
I left one out !
Swissco Holdings.
Swissco Holdings Ltd. is an offshore oil and gas marine services provider. The Company provides marine logistics-related assets, which comprise mainly of vessels, as well as associated offshore vessel chartering and marine logistics and support services. Swissco also provides logistics
outsourcing services.
Market Cap SGD 691.6 mio.
looking at Loyz as a SGD82mil mkt cap company. EBITDA negative and was last positive in 2011 at slightly over 1mil. looks like a very HY one but even then, not sure how im gonna get my money back if i buy!
King Wan as well..100mil mkt cap…ebitda looks so puny 🙁
United energy seems interesting but i have to delve more into it first
Well, you have to think the other way.
Why would the bank arrange for a bond issue if the company is going to go bust immediately ? But if they were so good, why would the bank just give them a loan and forget the bonds ?
We in the era of micro finance now this is an imminent sign of a credit bubble when mini firms come out to borrow.
BTW, the smallest company to issue a SGD bond I believe was Enviro Hub which had a mkt cap of SGD 58 mio last year when they came out to borrow. Their current mkt cap is SGD 30.8 mio. Bond price is unknown.