Issuer: Ezion Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenure: 5 Years Issue Size: TBD Payment: Semi-annual, actual/365 (fixed) Details: … Continue reading
Stock price down 12.5 cts today, a 12% drop. Nothing to do with Singapore’s GDP number today, I suspect.. GDP did well coming at +3.8% YoY (vs expected +3.7%) and +15.5% QoQ (vs… Continue reading
It’s been a short week for Singapore and a painful week for most EM especially India whose currency saw a new lifetime low against the USD, managing to outperform just Gold. The JPY… Continue reading
Just a few headlines to while away time. “UniCredit SpA Tuesday said second-quarter net profit more than doubled from the same period last year, mainly helped by lower loan-loss provisions and higher trading… Continue reading
Economic News 2Q Unemployment Rate 2.1% vs previous 1.9% Jun Bank Loans and Advances +17.7% YoY vs previous +18.8% Jul Electronics Sector Index 50.3 vs expected 51.0 Jul PMI 51.8 vs expected 51.3… Continue reading
Facebook & Apple NYU Prof Damodaran who correctly called for a FB buy at $18 now says says sell at $38. He also said sell AAPL at $700. “Syncapse, the social media marketing… Continue reading
Only 4 losers this year. The rest are winners !! Definition of loser = if the bond had been issued today at the same credit spread where it was issued at, its coupon… Continue reading
Great July for credits. “Junk bonds globally have returned 2.33 percent in July, topping the 1.73 percent gain from investment-grade debt, according to Bloomberg index data.” “Corporate bond returns have slowed this year… Continue reading
This shows how on the edge the market is. Did anyone see that big candle in Gold this morning ? No explanation offered yet except that a german bank bought a chunk. USDSGD… Continue reading
Economic News Jun Industrial Production -3.1% MoM vs expected -0.5% Jun Industrial Production -5.9% YoY vs expected -3.5% IRS SGD NEER finding its comfort zone led to a quiet week after the weaker… Continue reading