Category Archive: Market

A funny thing happened on the way to 2014

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Even on New Year’s eve the S&P looked more or less healthy, market pundits from the talking heads on CNBC to your local real estate agent or hairdresser spoke of 2014 being another… Continue reading →

SGD New Issue : Suntec Reit 6Y 3.35%

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NEW ISSUE: SUNTEC REIT SGD 6YR REG S NOTES: PRICE GUIDANCE 3.35% Issuer:    Suntec REIT MTN Pte. Ltd. Guarantor:  Unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services (Singapore) Limited (in its capacity… Continue reading →

Ad Hoc Commentary – the S&P500 sell-off should be short and sweet

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“The ideal target would be a sell-off into Feb 7; and a rally thereafter.” There is simply too much information and disinformation out there that it complicates the matter unnecessarily. In yours truly… Continue reading →

Do You Know That The Black Swan Is Invisible ? – Weekend Market Talk

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The reason is, it would not be a Black Swan anymore if we can see it. Lucky you if you had a fun filled weekend shopping in Chinatown, soaking in the lunar new… Continue reading →

Why Higher Inflation Is Good For Singaporeans

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Latest CPI numbers in Asia Pacific Australia              2.7%  (2.2% last year, 3% 2 years ago) Bangladesh          7.4% (7.1% last year, 10.6% 2 years ago) Cambodia            4.2% (1.2% last year, 5.3% 2 years ago)… Continue reading →

Bonds In Conversation : Paying The Price For Another’s Mistakes

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A lesson to be learnt in the massive traffic jam on the Singapore side of the Johor causeway – what a wonderful position to be in for others to pay the price for… Continue reading →

SGD Bond Heads Up : Oh Mustafa, Oh Mustafa…

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Or so the song by Dick Lee goes. I heard there was an investor conference with the potential of a new SGD bond issue. In fact the ticker has been set up on… Continue reading →

Oh Ye Serpent, Thy Venom Doth Sting – CNY, MYR, PHP

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In the first 3 weeks of 2014 and the end of the lunar year of the Snake, over 80% of the 162 currency pairs in the world have lost out against the USD.… Continue reading →

From The Zico Files : Year Of The Trojan Horse

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It is always a breath of fresh air to speak to a macro equity person like Zico and glean a little of the spectrum of his global perspectives. He was unusually subdued this… Continue reading →

SGD New Issue Review : Midas 3Y

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MIDAS 3Y SGD SENIOR -NEW 3Y SGD SENIOR ANNOUNCED -PX GUIDANCE AT HIGH 5% AREA COMPS: TAT HONG  4.5% 2018    4.46% SHUI ON DEVELOPMENT  8% 2015    3.40% CREDIT HIGHLIGHTS: – Midas Holdings Limited… Continue reading →