Equity Feature : Good Oil Hunting
A chat with my broker friends has given me this idea to write about oil and oil stocks. I have been busy trading the oil story too, riding the Sembcorp Marine proxy before… Continue reading
Category Archive: Market
SGD New Issue Review : Gallant Ventures 2.5Y 7.125%
NEW ISSUE: GALLANT VENTURE – SGD 2.5 YR ISSUE Issuer: Gallant Venture Ltd. Status: Senior, unsecured, off USD500m EMTN Programme Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 2.5… Continue reading
China Focus : The Magical Land of Ali Baba
WORLD ECONOMIC FORUM, 24 Jan 2015 JACK MA SAYS HE WAS REJECTED BY HARVARD 10 TIMES Who applies 10 times ??? Someone who Rejects Rejection ? A trader at heart ? Someone who… Continue reading
Australia Focus : Of China Bondage
The biggest loser in the developed world after New Zealand, even the EUR cannot match the AUD’s losses for the week, and it closed at 0.7912 against the USD for the first time… Continue reading
SGD New Issue Review : MAPLETREE COMMERCIAL TRUST SGD 8-YR
** NEW ISSUE: MAPLETREE COMMERCIAL TRUST SGD 8-YR – INITIAL GUIDANCE 3.3% AREA ** ISSUER: Mapletree Commercial Trust Treasury Company Pte. Ltd. GUARANTOR: DBS Trustee Limited (in its capacity as trustee of Mapletree… Continue reading
Bonds In Conversation : Too Many QEs' Spoil The Broth
It is the usual drill for another bazooka of a QE, this time out of the ECB. And the market got it so well figured that all the bonds are yielding nothing. And… Continue reading
Singapore Equity: Sinarmas Land
Company Name: Sinarmas Land Share Price: SGD 0.610 Market Capitalisation: SGD 1.84b Sinarmas Land is the holding company of Bumi Serpong Damai, the largest property company in Indonesia by market cap and sales.… Continue reading
Ad Hoc Commentary – the ECB QE will probably lead to more deflation
Since ECB will announce QE for the Eurozone today, it is a good time to review Irving Fisher’s MV=PQ equation: “…The equation that matters most in QE is Irving Fisher’s MV = PQ.… Continue reading
Lessons of 2015 : Faces of Fear
What have we learnt in the short span of the first 3 weeks of 2015 besides the different faces of fear ? Our heads and hearts started the year with oil prices, interrupted… Continue reading
Ad Hoc Commentary – tax for war-on-inequality or war-in-Middle-East?
“…President Barack Obama tonight will declare the U.S. economy healed and say it’s now time to close the gap between the wealthiest Americans and the rest of the country…””…Last week, in a meeting… Continue reading